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HTLS Day 4 highlights| MSMEs will contribute 30-40% to GDP in 5 years: Gadkari

On day 4 of Hindustan Times Leadership Summit 2020, Union minister Nitin Gadkari said that the Covid-19 pandemic has not impacted any projects of the road transport and highways ministry.

By hindustantimes.com | Updated: Nov 27, 2020 22:11 IST
HTLS Day 4 highlights| MSMEs will contribute 30-40% to GDP in 5 years: Gadkari

In the second and last session of day 4 of the Hindustan Times Leadership Summit 2020, Nitin Gadkari, Union minister for Road Transport & Highways and Micro, Small and Medium Enterprises spoke to Zakka Jacob, managing editor, CNN-News18 about the impact of the Covid-19 pandemic on the projects of his ministry and also shared the way ahead for MSMEs.

In the previous session, Ajay Bijli (Chairman and MD, PVR Ltd.) and Uday Shankar (Chairman, Star and Disney India) discussed how the Covid-19 pandemic has changed the business of entertainment. the new realities of the post pandemic era.

The prestigious summit is being held virtually amidst the Covid-19 pandemic, and aims to discuss the new realities with its theme of 'Defining a New Era'. The live discussions are spread over 4 weeks starting November 19, 2020 and are being held every Thursday and Friday.

Launched in 2003, The Hindustan Times Leadership Summit aims to enhance the level of discourse on critical issues, encourage interaction among leaders in important areas and present international quality thought- platforms aimed at solutions. The last 17 Summits have seen attendance by leaders from India and across the world. One of India’s most prestigious and eagerly awaited fora, its audience comprises of senior politicians, bureaucrats, diplomats, business executives, thinkers, commentators and analysts.

07:38 PM IST

Social, economic equality is our mission: Nitin Gadkari on BJP's poll success

Asked about BJP's success in the recent Bihar assembly elections, Gadkari said that social and economic equality is their party's mission, which is what the people look up to and hence come out in their support.

07:34 PM IST

Be cautious, don't take it lightly: Gadkari on recovering from Covid-19

On his experience of recovering from the coronavirus disease, Union minister Nitin Gadkari said that people must be serious and should not take the it lightly. People need to take precautionary measures, wearing masks is very important, he added.

07:29 PM IST

MSMEs will contribute to 30-40 % of India's GDP in next 5 years: Gadkari

Nitin Gadkari, who also heads the micro, small and medium enterprises ministry, said the target is to ensure that MSMEs contribute to 30-40 % of India's GDP in the next five years.

07:24 PM IST

130% rise in sale of two-wheelers in past 2 years: Gadkari

Union minister Nitin Gadkari said that the sale of two-wheelers in the country has gone up by 130%. He also emphasised that the government is encouraging people to use electric vehicles.

07:19 PM IST

Road accident and deaths have reduced by almost 20%, says Nitin Gadkari

When asked about the increasing number of road accidents in the country, Gadkari said though he does not have exact stats at hand, he can state that accidents and deaths due to such accidents have reduced by almost 20%.

He added that a portal is being developed for real-time updates on black spots on highways to prevent accidents.

07:12 PM IST

Will make FASTag mandatory within 2-3 months: Gadkari

Speaking at the Hindustan Times Leadership Summit 2020, the road transport & highways minister said, "We plan to make FASTags mandatory in the next 2-3 months."

07:06 PM IST

No impact of Covid-19 on road construction projects, says Nitin Gadkari

Talking about road construction across the country, Union minister Nitin Gadkari on Friday said that the Covid-19 pandemic has had no impact on road projects or construction.

06:54 PM IST

Nitin Gadkari to speak at HTLS soon

Union minister Nitin Gadkari will soon be in conversation with with Zakka Jacob, managing editor, CNN-News18 at the Hindustan Times Leadership Summit 2020.

06:44 PM IST

Uday Shankar feels global streaming platforms tend to ‘disregard’ culture

"We should not be insensitive to the country and the culture. We should not take the freedom for granted. I think this is what happens when the global services come into the country and disregard everything. They believe that what works in one country can work in every country. This is the backlash," Uday Shankar said. He also said that 'irresponsible behaviour in the name of creativity' is unacceptable.

06:40 PM IST

Ajay Bijli on OTT platforms coming under the ambit of Ministry of Information and Broadcasting

Ajay Bijli responded to fears of censorship, with a gazette notification announcing that streaming platforms will now be under the purview of the Ministry of Information and Broadcasting. “I think that sanctity of what is created should not be compromised at all. At the same time, if certification happens, that I am okay with,” he said, adding that cuts will be 'regressive'.

06:37 PM IST

Uday Shankar on OTT platforms coming under the ambit of Ministry of Information and Broadcasting

“More than anything else, it is an official decision. I don’t really think it matters. What is important is what will be the lens of regulation. Do we really want to be over-prescriptive or do we want creativity and imagination to have a role in this? In my experience, the country and consumers have always been way ahead of where the government and regulators believe they are. They are far more open and mature but we just seem to believe that a huge filter needs to be applied before they get anything. I don’t think it is about who manages it. How it is regulated and what is the framework is more important,” Uday Shankar said.

06:28 PM IST

Ajay Bijli on OTT boom

"I don’t blame anyone for what happened in last 8-9 months, streaming services were deprived of content and you had filmmakers who had ready content. Releasing films theatrically makes economic sense, you cannot change economic rationale of business, which is to release films theatrically," Ajay Bijli said.

06:27 PM IST

Uday Shankar said theatre business will increase post pandemic

Uday Shankar, however, said that theatres are a different ballgame. He said that post the pandemic, the theatre business will increase ‘simply because people have been devoid of this unique experience’. He said that streaming cannot compete with the theatre experience.

06:25 PM IST

Ajay Bijli on theatres vs OTT releases

Ajay Bijli said that a film is a blockbuster not because of its budget but its box office collection. He said that theatres provide ‘filtration’ to OTT platforms, as the audience has already given a verdict. Streaming platforms, then, can gauge how much to pay for a film.

06:16 PM IST

Ajay Bijli on whether Tenet will work at Indian box office

“Tenet is a slightly confusing storyline, so even worldwide, the box office stopped at $350 million, as opposed to $1 billion that a Christopher Nolan would normally do… But generally speaking, people’s pent-up appetite is so much that I think Tenet on December 4 will work,” Ajay Bijli said.

First published: Nov 27, 2020 15:57 IST