The Vice President said that the SMEs contribute up to 45 per cent of India's GDP and employs nearly 46 crore people, which is the second largest workforce in the country after the agricultural sector, and is growing at 11.5 per cent annually. The theme of the conference - Achieving inclusive and sustainable industrialization by promoting SMEs was aptly chosen as climate change and global warming are stark realities affecting the people, fauna and flora all over the world, he added.
The Vice President said that in sustaining this planet and ensuring a greener future for posterity, the SMEs can play a crucial role by adopting practices that will not impact the environment and harm the present and future generations. Countries will have to strengthen their capabilities and explore new ways to solve development challenges, by involving various actors, processes and types of governance, source of finance and encouraging collaboration and cooperation across stakeholders, sectors and regions, he added.
Powered by Capital Market - Live News