MSMEs on decline in the Pune Region: Report
Updated: Mar 13, 2018 04:45:17am
New Delhi, Mar 12 (KNN)
The recent Maharashtra Survey report has revealed a decline in employment in MSMEs and their operating units in the Pune.
As per the economic survey 2017-18 report employment in MSMEs in Pune region was at 7.23 lakh last year while it was 10.05 lakh in the year 2014-15.
During the same period, the number of MSMEs operating in the region reduced to 69,704 from 92,233 in 2014-15.
The picture is positive for Nagpur, the region represented by chief minister Devendra Fadnavis and Union minister Nitin Gadkari.
From 26,714 MSME units involved in manufacturing and services, employing 2.55 lakh people in 2014, the situation in Nagpur improved to 1.4 lakh MSME units generating employment for 2.93 lakh people, according to the ESR released by state finance minister Sudhir Mungantiwar in Mumbai on Thursday.
Deepak Karandikar, vice-president, Mahratta Chamber of Commerce, Industries & Agriculture (MCCIA) and former chairman of MCCAI’s sub-committee on MSMEs, attributed the reduction in employment to a slowdown in the industry.
He said due to the slowdown in the industry, MSME impacted badly which depend on the expansion of bigger industries.
He further attributed this loss to the difficulties that SMEs face while adapting technological developments as compared to bigger companies.