Union Minister Suresh Prabhu has clarified that India is making an attempt to resolve trade disputes with several international locations and is keen to create a new world trade order as it extends a hand of friendship to all. He expressed hopes that micro, small and medium enterprises (MSMEs) would create more economic opportunities and become the driver of a new India.
The minister said “We want to make sure that India remains a friend of all countries of the world whether it is South East Asia, whether it is Far East including our good friend Japan, whether it is in the Middle East, whether it is Africa or Latin America, in each of these segments.” He also said “I have personally met almost all the ministers at different levels at different time, of course, Europe and the US.”
Further, Prabhu pointed out that MSMEs take wealth to different corners of the country, through equitable distribution of wealth, unlike large industries. He also said that they play a key role in exports, in promotion of industrialisation and innovation. He noted that there is need to promote SMEs, innovation and startups and that is why government is committed to do this.