Government working on solution to address raw material prices, says Union Minister
The Union government is aware of the problems faced by Micro, Small and Medium-scale Enterprises (MSMEs) because of high raw material prices and is working on solutions for the same, Minister of State for MSMEs Banu Pratap Singh Verma said here on Thursday.
Speaking to the media on the sidelines of Coir Conclave, organised by the Coir Board and the Ministry of MSMEs, he said the government is discussing the issue of high raw material prices that is hurting the MSMEs. The government had announced a relief package for MSMEs that was hit by the pandemic. The contribution of MSMEs to the country’s GDP and exports is significant, he said.