New Delh: Minister for Micro, Small and Medium Enterprises Nitin Gadkari has said that reducing the cost of capital, logistics, and power was crucial for making the Indian MSME sector globally competitive. The minister, who inaugurated the 16th Global SME Business Summit 2019 here on Tuesday, called for domestic and foreign investment and collaboration in the sector.

He said MSME sector in India has tremendous potential to push growth and generate employment.