Demand for Right to Entrepreneurship on par with Right to work
Updated: Sep 09, 2013 05:12:18pm
From Esther Suhasini
Cochin, Sept 9 (KNN) The latest report of Institute of Small Enterprises and Development (ISED) has made strong recommendations for ‘Right to Entrepreneurship’ on the same lines as right to work, right to food and right to information, also calling for a national entrepreneurship security system.
The 17th round of the India MSME Report released by Secretary in MSME Ministry, Madhav Lal in Mumbai last week found that the sector is passing through a crisis.
“Most of the major MSME dominant sub-sectors are seriously affected with significant decline in exports. Also there is a sharp decline in entrepreneurship confidence across the country,” it said.
Further, though the central government has recognised some of the problems faced by the MSME sector, it has not come up with a specific policy approach and commitments.
“This is a must to salvage the MSMR sector from its current peril, as confidence building is the sine qua non of an anti-recession package,” the report said.
The India MSME report 2013 which is a component of ISED’s prestigious communication programme noted that MSMEs are sidelined in the competitive wooing of investment and the start-up scenario is grim.
It recommended, a white paper on the state of MSMEs; restructuring of the MSE cluster development programme; recognition of MSME communication as a development strategy; establishment of a SME challenge fund; initiation of a business development services (BDS) voucher scheme.
Other suggestions include announcement of a relief-cum-stimulus package for MSMEs, taking into consideration the impacts of such packages in neighbouring countries; finance parks as a collective efficiency strategy; establishment of an MSME health service and third diagnostic system; setting up of a working group to study the recent Chinese stimulus package and its impact; etc. (KNN/ES)
Cochin, Sept 9 (KNN) The latest report of Institute of Small Enterprises and Development (ISED) has made strong recommendations for ‘Right to Entrepreneurship’ on the same lines as right to work, right to food and right to information, also calling for a national entrepreneurship security system.
The 17th round of the India MSME Report released by Secretary in MSME Ministry, Madhav Lal in Mumbai last week found that the sector is passing through a crisis.
“Most of the major MSME dominant sub-sectors are seriously affected with significant decline in exports. Also there is a sharp decline in entrepreneurship confidence across the country,” it said.
Further, though the central government has recognised some of the problems faced by the MSME sector, it has not come up with a specific policy approach and commitments.
“This is a must to salvage the MSMR sector from its current peril, as confidence building is the sine qua non of an anti-recession package,” the report said.
The India MSME report 2013 which is a component of ISED’s prestigious communication programme noted that MSMEs are sidelined in the competitive wooing of investment and the start-up scenario is grim.
It recommended, a white paper on the state of MSMEs; restructuring of the MSE cluster development programme; recognition of MSME communication as a development strategy; establishment of a SME challenge fund; initiation of a business development services (BDS) voucher scheme.
Other suggestions include announcement of a relief-cum-stimulus package for MSMEs, taking into consideration the impacts of such packages in neighbouring countries; finance parks as a collective efficiency strategy; establishment of an MSME health service and third diagnostic system; setting up of a working group to study the recent Chinese stimulus package and its impact; etc. (KNN/ES)
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