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Rajnath Singh suggests MSMEs to invest more in R&D and develop new technologies
MSMEs can definitely play a big role in empowering the youth of the country financially and fulfilling their dreams, Raksha Mantri said.
New Delhi: Raksha Mantri Shri Rajnath Singh has called upon Micro, Small and Medium Enterprises (MSMEs) to invest more in research & development and manufacture new products & technologies and thereby contribute to the security and progress of the country.
He was delivering the inaugural address at the MSME Conclave, organised by the Department of Defence Production, Ministry of Defence in partnership with Society of Indian Defense Manufacturers (SIDM) in hybrid mode, in New Delhi on December 04, 2021.
Shri Rajnath Singh urged MSMEs and SIDM to create an industrial base in India, on the lines of 'Mittelstand' (Mittel-Stunt) of Germany, which has been recognized by the whole world for manufacturing metal equipment.