New Delhi, Nov. 4 -- The Ministry of Micro, Small and Medium Enterprises (MSME) has launched a structured, nationwide consultative programme to address cost challenges and enhance the global competitiveness of India's MSME sector.

This initiative aligns with the government's Viksit Bharat 2047 vision, recognising that a strong, globally competitive MSME sector will play a vital role in India's journey toward becoming a developed economy.

The initiative will focus on gathering grassroots-level insights, identifying operational hurdles and shaping targeted interventions to reduce costs and strengthen MSME productivity.

The MSME sector contributes roughly 30 percent to India's GDP, 45 percent to exports, and is the second-largest source o...