Public sector industries must prioritise MSMEs in buying raw materials: MoS

India’s Ministry of MSME has advocated for public sector industries to prioritize purchases from Micro, Small, and Medium Enterprises (MSMEs). This recommendation is aimed at supporting the growth and sustainability of MSMEs by ensuring they get a fair share of government contracts and raw material procurement. The ministry believes that integrating MSMEs into the supply chain of public sector enterprises can bolster their financial stability and foster economic growth. By prioritizing MSMEs, public sector industries can also contribute to a more equitable distribution of resources, promoting a balanced economic development and enhancing the overall industrial ecosystem.