How Can Modular Manufacturing Uplift MSMEs in India?
The MSMEs contribute nearly 8 percent of India's GDP and act as a major source of employment and entrepreneurship. Inspite of that, there are certain challenges the MSMEs face due to larger and recognised companies in the market and imports. Karan Bose discusses how an MSME can prosper by implementing a modular manufacturing system for the apparel sector.
Micro-, Small- and Medium- Enterprises (MSMEs) serve as source of employment and entrepreneurship in India. According to a report published in 2013 by the Ministry of Micro, Small and Medium Enterprises, MSMEs contribute nearly 8 per cent of the country's GDP, 45 per cent of the manufacturing output and 40 percent of the exports.'