Speaking on the expectations from Budget 2022 on the MSME sector, Anurag Gupta, Joint Managing Director, Roto Pumps said: “The Indian government has taken several initiatives in the past year for the economic revival of the Country. Its recognition of the potential in and concern for the MSME sector is greatly appreciated.”
He further added that the Micro Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy and form the foundation of the dream of an Atmanirbhar Bharat. Apart from providing adequate financial support to MSMEs, we expect the government to introduce reforms around import substitutes which will boost domestic manufacturing and promote self-reliance. To achieve this, the MSMEs also need to indigenously design and develop products.
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