India, July 4 -- The Union MSME Minister Shri Manjhi addressed a press conference in Mumbai today, following his visit and review meetings at Institute for Design of Electrical Measuring Instruments (IDEMI) and Khadi & Village Industries Commission (KVIC) offices in Mumbai on 3rdJuly, 2025.

Speaking about the progress made in MSME sector which is the second highest contributor to the country's economy, Union Minister Shri Manjhi stated that MSME accounts for 30.1% of India's GDP. Further MSME accounts for 35.4% of manufacturing and 45.73% of exports in the country. Shri Manjhi informed that Udyam portal, which was launched on July 1, 2020, and offers a free, paperless, and self-declared registration process for MSMEs, has more than 3.80 ...