Commerce and Industry Minister Piyush Goyal today said that MSMEs contribute to nation-building by providing vital supply chains to large industries and employment to millions of people. Addressing the 10th India International MSME Startup Expo and Summit in New Delhi, Mr. Goyal said that MSMEs serve as both suppliers and customers for large industries and enterprises, whose entire ecosystem consists of thousands of MSMEs.

He pointed out that MSMEs play an important role in tourism and infrastructure development in the country and have a significant share in India’s exports. Mr. Goyal added that the government is assisting MSMEs through Quality Control Orders that protect them from unfair competition from abroad.