The Union Minister of Commerce and Industry has announced the government’s intention to allocate land to Micro, Small, and Medium Enterprises (MSMEs) in the 20 new townships being developed across India. A press release on this decision was issued on December 5, 2024.
This move is aimed at fostering the growth of MSMEs and strengthening their role in India’s industrial ecosystem.
The Minister emphasized the pivotal role of MSMEs in supporting large industries. He stated that the government would work with state governments to identify suitable land parcels within these townships and offer them to MSMEs at concessional rates. This initiative will provide MSMEs with access to prime industrial locations, modern infrastructure, and a conducive business environment.
Key Points from the Minister’s Address
- The government is committed to simplifying regulations and reducing compliance burdens to facilitate the growth of MSMEs.
- India’s development must be sustainable, and the government is encouraging industries to adopt eco-friendly practices and reduce their carbon footprint.
- The government’s welfare schemes, such as those related to food security, water, electricity, and digital connectivity, are designed to benefit all citizens without discrimination.
- The government is investing in skill development programs to create a skilled workforce and encourage entrepreneurship among young people.
