Financial ExpressDec 20, 2021Modernization of MSME sector: How to achieve scaling up and technological transformation of MSMEs?Technology for MSMEs: Technology upgradation and modernization is rather a perennial objective of India’s SSI policy up to 2006, and that of MSME policy since 2006. However, we have not achieved much success on this front, either at the national level or at any of the regional levels.Technology for MSMEs: Technological obsolescence and sub-optimal scale are two critically distinguishing features of Indian MSMEs, which predominantly consist of micro, informal enterprises.Therefore, policymakers in India have two persistent challenges to the modernization of the MSME sector in the country, namely, first how to accelerate technological upgradation and modernization of more and more MSMEs?, and second, how to enable more and more MSMEs to expand their scale of production (for their gradual growth)?Read more at Financial Express
Technology for MSMEs: Technology upgradation and modernization is rather a perennial objective of India’s SSI policy up to 2006, and that of MSME policy since 2006. However, we have not achieved much success on this front, either at the national level or at any of the regional levels.Technology for MSMEs: Technological obsolescence and sub-optimal scale are two critically distinguishing features of Indian MSMEs, which predominantly consist of micro, informal enterprises.Therefore, policymakers in India have two persistent challenges to the modernization of the MSME sector in the country, namely, first how to accelerate technological upgradation and modernization of more and more MSMEs?, and second, how to enable more and more MSMEs to expand their scale of production (for their gradual growth)?Read more at Financial Express
