NITI Aayog & ABB India Jointly Interacted with MSMEs

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Addressing the potential impact of automation and Artificial Intelligence (AI), a workshop was conducted by NITI Aayog and ABB India, to discuss various regulatory, financial and policy concerns relating to the adoption of automation by Micro, Small and Medium Enterprises (MSMEs).

The workshop organized at the ABB Ability Innovation Center (AIC) here featured MSME entrepreneurs from the selected sectors including pharmaceuticals, textiles, electrical and electronics, food processing and manufacturing.

The technology was a common thread running through the entire workshop, with working groups focused on issues faced by the MSMEs.

Senior Adviser, NITI Aayog, Anna Roy while addressing the workshop, said, “At NITI Aayog we are no longer working on one-way policy plans, we have wide and deep interactions with those for whom the policies are intended to focus on.”

Roy added, “At ABB Ability Innovation Center we have brought all stakeholders of the MSME value chain to identify the roadblocks they face in growth, be it in business models, financing or skilled labour,

Managing Director, ABB India, Sanjeev Sharma said, “India can leapfrog and show the way when it comes to innovative AI applications. Working with MSMEs and the eco-system is critical for the industrial and manufacturing adoption of such technologies. With its established history of working with them for several decades and driving the change with new digital solutions, ABB would be the perfect catalyst.”

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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