Joint Secretary within the Union Ministry of Micro, Small and Medium Enterprises (MSME) Ateesh Kumar Singh (centre) at an occasion organised by the PHDCCI. Photo: Special Arrangement.
“It is vital to know that the federal government shouldn’t be going wherever,” Joint Secretary within the Union Ministry of Micro, Small and Medium Enterprises (MSME) Ateesh Kumar Singh stated talking at an occasion organised by the PHDCCI. “Please have the arrogance, give us a while, [and] issues could be working.”
Mr. Singh added that the headwinds could be tackled “very firmly, diligently and deftly”.
The Joint Secretary pointing to the sooner disruptions triggered throughout the COVID-19 pandemic, and emphasised that “we [the government] withstood the pressures, understood the dangers and tried to seek out options round it”. He added that the federal government stood “solidly and firmly” behind the MSMEs.
Absorbing income “not a sustainable resolution”
Mr. Singh, referring to inner paperwork being ready to evaluate the prevailing tariff state of affairs, famous that a number of corporations have integrated tariffs into their revenue margin in order that the touchdown value stays the identical.
“That could also be there however that’s not a sustainable resolution, we have to do extra,” he said. He additionally stated the federal government has taken notice of manufacturing shifting or buying and selling rerouting going down via Nepal and Sri Lanka.
The Joint Secretary famous in his tackle that such headwinds would maintain coming “[every] every now and then”.
“So, we have to have that sort of technique accessible with us in order that now we have one template on find out how to cope with sure such disruptions,” he emphasised, stating the ministry was working in direction of the identical.
Need for diversifying exports
Speaking on the similar occasion, Rajan Sudesh Ratna, Deputy Head and Senior Economic Affairs Officer, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) emphasised that it was now time to utilise the present free commerce agreements (FTAs) to their full potential. The officer famous that presently the utilisation was “lower than 10%”.
Separately, Mr. Ratna additionally emphasised the necessity for export diversification, and the necessity to entry markets that could possibly be the opposite massive importers of the merchandise which can be presently going through excessive U.S. tariffs.
“There is a necessity to take a look at markets that are high importers of the product,” he stated. Although being attentive to assertions concerning the course of taking time, Mr. Ratna emphasised, “What possibility do now we have?”.
Referring to the current state of affairs, he pointed to the tariffs imposed by the U.S. in April as in comparison with these presently in place. “You should take a look at the credibility of the accomplice, if a rustic like U.S. doesn’t respect its 30-year-old settlement with Mexico and Canada, you might be in a false perception that your new friendship will take you to the brand new world order,” he stated.
Published – September 09, 2025 08:25 pm IST









