MSMEs manufacturing excellence imperative for global competitiveness
The minister on Saturday was addressing the National Summit on MSMEs organised by industry body Confederation of Indian Industry (CII) here as part of the 22nd edition of the international engineering and technology fair to enhance the growth and productivity of Indian MSMEs.
Manufacturing excellence and quality upgradation of Indian micro small and medium enterprises (MSMEs) are imperative for MSMEs aspiring to attain global competitiveness, Minister of State for MSMEs Haribhai Parthabhai Chaudhary said.
The minister on Saturday was addressing the National Summit on MSMEs organised by industry body Confederation of Indian Industry (CII) here as part of the 22nd edition of the international engineering and technology fair to enhance the growth and productivity of Indian MSMEs.
According to the minister, there is a need to create a central repository of data on the products and services by MSMEs located throughout the country to enhance their visibility and increase market access.
The minister mentioned the Zero Effect, Zero Defect Scheme for MSMEs launched recently by the prime minister for promoting manufacturing excellence for the Indian MSMEs.
Chaudhary stated that technology is a great enabler which can have a multiplier effect on the productivity, profitability and global competitiveness of Indian MSMEs.
The minister added that his ministry is launching 15 new technology centres across the country with an outlay of over Rs 2,000 crore with assistance from the World Bank.
In his opinion, cross-country partnerships and delegation visits can be crucial for Indian MSMEs to enhance their exposure and learn from global best practices.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Tata Power Q4 Results Preview: Tata group electricity generator likely to clock 22% PAT jump, 193 bps margin improvement
Gold and Silver rate today (May 7, 2024): Precious metals subdued; yellow metal above Rs 71,300; white metal above Rs 82,850
Aadhar Housing Finance IPO: Check Anil Singhvi's view on Rs 3,000 crore issue | Subscription, allotment dates and other details
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
10:11 AM IST