Maharashtra Minister of State - IT & Home Shri Satej Patil provided valuable insights about the State’s attempts at boosting MSME (Micro, Small and Medium Enterprises) at NASSCOM SME Conclave 2020 on 2nd December 2020 Hon'ble Minister of State Satej Patil addressed the audience at NISC 2020 Talking about the importance of MSMEs, the Honourable Minister said, “MSMEs are the backbones of India’s economy. Today, about 80% of Maharashtra’s employment is generated by MSMEs of Maharashtra,” said Satej (Bunty) Patil, who is from Kolhapur and handles Home, Information Technology, Housing, Transport, Parliamentary Affairs & Ex. Servicemen Welfare as MoS for Maharashtra Government. The honourable minister also stressed the steps taken by the ministry to remove possible roadblocks for kick starting businesses so that any business aspirant is not afraid to continue starting a business and growing it in the State. Some of these steps include making tax laws simpler and doing away with the minimum paid-up capital requirement. Boosting MSME Sector Empowers Women Workforce “Other than its massive contribution to our economy, another crucial contribution of MSME is that it is one of the only powerful sectors that helps in socially empowering women and others from the weaker section of the society, helping the Government reach its another goal of women empowerment,” he added in his conversation with Gaurav Hazra, Head India Markets for NASSCOM. The Honourable Minister emphasised Maharashtra govt’s interest to boost sectors like Manufacturing, Pharma, Real Estate, Agriculture and IT. “We are approaching this in a very sustainable and holistic way, ensuring development and growth doesn’t come at the cost of our environment,” he added. At the end of the session, Shri Satej Patil, announced their upcoming activity in Kolhapur to invite startups & boost innovation “We are soon launching a country-wide program in Kolhapur to invite and support entrepreneurs and innovators with ideas that can solve civic problems with efficiency. We shall provide them with all the necessary support such as mentorship, incubation program, access to investors, and academia,” he added.

Stay updated with all the Mumbai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.