Advance Technologies must be adopted by Indian MSMEs in view of Global Competition: Kalraj Mishra

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Touching upon the issue of global competitiveness of Indian MSMEs, today in the upper house of Indian ParliamentRajya Sabha, Union Minister for MSME Ministry, Mr Kalraj Mishra emphasized the need to bring updated technologies in order to survive successfully in the global competitiveness scenario.

Mr Mishra mentioned, “Many MSME units are using outdated/conventional technologies because of lack of sufficient finance, lack of access to modern technology, absence of in-house research & development etc. Therefore, there is urgent need to develop appropriate technologies for various manufacturing processes to bring down cost. To address this the Ministry of Micro, Small and Medium Enterpriese (MSME) is implementing Credit Linked Capital Subsidy Scheme (CLCSS) under which MSE units are given 15% capital subsidy on a loan upto Rs. 1 crore to acquire modern technology.”

A National Manufacturing Competitiveness Programme (NMCP) has also been launched to encourage Technology Up-gradation in the MSMEs. NMCP has important components like Technology and Quality Upgradation Programme (TEQUP), Design Clinic Scheme, Lean Manufacturing Competitiveness Scheme, Quality Management System & Quality Technology Tools (QMS/QTT) Schemes and Intellectual Property Rights (IPR) Scheme etc. Ministry of MSME has established 18 Technology Centres (Tool Rooms and Technology Development Centres) spread across the country to provide technological support to MSMEs.

The Ministry has also launched “Technology Centre Systems Programme (TCSP)” recently under which 15 new Technology Centres (TCs) are being established and existing TCs are being upgraded for providing advanced technologies to MSMEs.

While the Government is highly banking upon schemes like ‘Make in India’ this aspect is extremely important for the industry and government to work upon.

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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