MSME can generate more profits from e-commerce: MoS Verma

E-commerce has enabled micro, small and medium enterprises to increase profits, reduce marketing expenses and extend their reach to new markets, Minister of State for MSME Bhanu Pratap Singh Verma said on Monday.

While speaking at the CII Indian MSME growth summit, Verma said that MSMEs play an important role in job creation and expansion of manufacturing base in the country, and there is a need to enhance focus on them to achieve a USD 5 trillion economy.

“Small businesses need to improve their management skills and make their technology base smart. In recent years online markets have developed through e-commerce which has had a positive impact on MSMEs. “MSME can generate higher profits through e-commerce.