Free Press Journal

‘SMEs to play key role in export growth of chemical industry’

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Mumbai :  Small and medium enterprises are expected to play a vital role in the export growth of chemical industry, Union Commerce Minister Nirmala Sitharaman said here today. Addressing a function, she stressed the need to have a strategy to enhance export competitiveness of SMEs through capacity building, cheaper credit and better marketing.  On the occasion, Sitharaman presented CHEMEXCIL awards to the winners of export performance in various categories during the last four years.

Lauding the export performance of the domestic chemicals and dyes industries, she also stressed on the need to enhance the SME space across entirety of its value chain. “It is essential to have a strategy to enhance export competitiveness of SMEs through capacity building, cheaper credit, better marketing, robust infrastructure, technology and nurturing innovation and skill development and putting in place conducive environment for their growth,” she said.