News Letter
Sri Uday Kotak's press meet
I agree fully with Shri Uday Kotak that India needs a 9% GDP growth rate for the next 20 years to eliminate poverty.
All intelligent politicians and bureaucrats are applying their brain for a sustainable solution.
My feeling is that if all sick MSME units are revived by whatever method, will yield govt various taxes and if we take money multiplier effect of 1cr jobs(which are at stake) which are saved itself, may add 0.5% to1% to GDP on a sustainable basis.
Pvt sector, Social entrepreneurs, CSR funds, various foundations can be used to fund but it requires different management style which people who have worked in MSME can do this as they understand dilemmas of entrepreneurs of MSME and this effort requires to "Take care of penny and pound will take care of itself" kind of philosophy.
Happy Christmas
Regards,
N.P. Desai
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