Union Minister for Micro, Small and Medium Enterprises Nitin Gadkari has called upon the MSME sector to consider technology upgradation and to look for foreign investment to forge ahead in the post-COVID scenario.

He said, the relief package announced by the Prime Minister for MSME sector should be utilized by the medium and small scale industry to jump back into action.

Addressing the members of Confederation of Faridabad Industries Association through video conference, Mr Gadkari said, this package will energize the local indigenous industry with new life.

He said, the stimulus package announced by the Finance Minister will prove substantially helpful for MSME sector.

The Minister also spoke about linking MSME liquidity to equity market. He said, the government will support those MSME units which have good rating by sharing 7.5 per cent in their stock market strength.

He said, orders have been issued to clear all MSME dues with 45 days.