Continuing the discussion on demand for grants in Loksabha, Karti Chidambaram, MP from Tamilnadu, said that 60 percent of the &nbsp;MSME sector was hit during the Pandemic and claimed that it was due to the unfriendly policy of the Government that more than ten thousand MSME entrepreneurs had committed suicide.<br />''<br />''Speaking on the demands for grants under the Ministry of Commerce and Industry, he said that the PLI scheme for the textile industry was benefitting the end product manufacturers rather than those involved in manufacture of intermediary products.<br />''<br />''Noting that there was a need for a global standard in the patent management system, he said the methodology for intellectual property should be reviewed. Mr. Karti said that the unemployment rate was at a 45 year high and told that the value of Indian Rupee was at a record low and reaching a target of a five trillion dollar economy was not seen.<br />''<br />''Aparajitha Sarangi, MP from Bhubaneswar appreciated the Government for historically achieving an all-time 400 billion dollar exports this year. She praised the Government for signing a free trade agreement with the Government of UAE in record time.<br />''<br />''<br />''<span style="color: #222222;">She said that the Commerce Ministry had created more employment opportunities and created a voice for the local products globally. Ms.Aparajitha noted that the startup India projects have nurtured young entrepreneurs in the Country.</span><br />
News On AIR | March 23, 2022 6:48 PM
Tamilnadu MP Karti Chidambaram says 60% of MSME sector was hit during the Pandemic