Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
New Delhi: MSME Minister Nitin Gadkari on Tuesday called for creation of a ratings system for the sector and a dashboard for effective monitoring of various schemes.
Addressing a webinar, he said a simple and transparent methodology should be evolved to give ratings to MSMEs (micro, small and medium enterprises) having good turnover and GST (Goods and Services Tax) records to enable them to get financing from banks and institutions.
The whole world now wants to invest in Indian industry and with an effective ratings system, MSMEs can get good investment from abroad, he added.
Gadkari also proposed setting up a dashboard for monitoring schemes to prevent delays in decision-making.
He asked SIDBI to take decisions within three months and provide support to the sector.
MSMEs contribute nearly 30% to the country’s GDP and provide employment to more than 11 crore people — second highest after the agriculture sector.