MSME
Senator Sherwin Gatchalian is urging the government to mobilize an inter-agency response to protect jobs and provide financial lifelines to micro, small, and medium enterprises struggling from the economic fallout of the Middle East conflict. He warns that the current fuel crisis will severely impact the labor market.
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The Government e-Marketplace (GeM) portal has boosted MSME participation in government procurement, with memberships surpassing 1.12 million. These members have secured orders worth ₹7.44 lakh crore. This milestone strengthens MSMEs' role in public procurement processes.