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About SMEs |
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Micro, Small and Medium Enterprises play an important role as a growth engine of the nation, contribute 40% of the industrial output, contribute 34% of exports, employ 30 million people and also put efforts to achieve targeted industrial growth rate.
We observed that even though SMEs play a vital role but many SMEs are not capable to compete in the national and world markets because of lack of information, proper guidance, inadequate financial support, not getting proper support from local and Central Government agencies and also unhealthy competition in Indian market.
The Government of India and its other agencies are bringing new concepts, incentives, schemes and other financial support but it is not reaching to the SMEs in urban and rural areas. The SMEs are facing tremendous problems related to Government Departments and banking sector for the last many years. The problems and issues remain the same. Rather, it is increasing day by day. The SME sector is also not capable to enter into international market independently and to adopt latest technology, innovations, new ideas to produce quality products for the National and International markets. The major set back to the SMEs is that the best quality products at competitive price is either available or arriving or imported from China and other countries, therefore SMEs could not compete in the domestic market.
The globalisation is bringing more opportunities for SMEs along with lot of challenges but we have decided to create a knowledge based platform as a 'Think Tank' which will provide proper guidance and thoughts from eminent personalities and experts from various fields.
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News & Events |
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