Difficult to frame meaningful policies for MSMEs as many are unregistered: MSME Secretary
Updated: Aug 20, 2014 01:37:49pm
New Delhi, Aug 20 (KNN) A large number of unregistered micro, small and medium enterprises (MSMEs) makes it difficult for the government to frame meaningful policies to cater to this sector with diverse verticals, Secretary, Ministry of MSME, Madhav Lal has said.
Lal also noted that MSMEs across the nation face lack of information and awareness about the schemes and policies available to them.
“A large chunk of MSME sector is unregistered and remains segregated. This makes it difficult for the government to frame meaningful policies to cater to this sector with diverse verticals," he said.
There are many government schemes available to MSMEs such as Cluster Development Programme and National Manufacturing Competitiveness Programme but MSMEs are unaware and are not able to avail the facilities provided by these. Hence, awareness campaigns are needed to help MSMEs to adopt such programmes to enhance their growth, he said while addressing an event organized by industry body FICCI.
Referring to the Prime Minister, Narendra Modi's call to overseas investors on Independence Day to 'Make in India', Lal said a positive response to this idea could make India a global manufacturing hub.
MSME contribute nearly 8 per cent of the country's GDP, 45 per cent of the manufacturing output and 40 per cent of the exports.
Member Secretary of National Manufacturing Competitiveness Council, Ajay Shanker said that there is a need to create an ecosystem where entry, growth and exit from the MSME sector are incentivised.
Indian industrial sector does not look at labour or workers as an asset and partners in growth, he said, adding, this has emerged as the biggest weakness of the Indian industry.
Technology and machines across the world are similar, the real success and competitiveness are achieved by the skill and quality of a worker. Hence, it is imperative to increase the productivity of Indian workers and improve their quality of work, he added.
The government's move to amend Factories Act, labour law reforms and encouragement to e-governance are some of the initiatives, which will go a long way in boosting the MSME sector, he added. (KNN/SD)
Lal also noted that MSMEs across the nation face lack of information and awareness about the schemes and policies available to them.
“A large chunk of MSME sector is unregistered and remains segregated. This makes it difficult for the government to frame meaningful policies to cater to this sector with diverse verticals," he said.
There are many government schemes available to MSMEs such as Cluster Development Programme and National Manufacturing Competitiveness Programme but MSMEs are unaware and are not able to avail the facilities provided by these. Hence, awareness campaigns are needed to help MSMEs to adopt such programmes to enhance their growth, he said while addressing an event organized by industry body FICCI.
Referring to the Prime Minister, Narendra Modi's call to overseas investors on Independence Day to 'Make in India', Lal said a positive response to this idea could make India a global manufacturing hub.
MSME contribute nearly 8 per cent of the country's GDP, 45 per cent of the manufacturing output and 40 per cent of the exports.
Member Secretary of National Manufacturing Competitiveness Council, Ajay Shanker said that there is a need to create an ecosystem where entry, growth and exit from the MSME sector are incentivised.
Indian industrial sector does not look at labour or workers as an asset and partners in growth, he said, adding, this has emerged as the biggest weakness of the Indian industry.
Technology and machines across the world are similar, the real success and competitiveness are achieved by the skill and quality of a worker. Hence, it is imperative to increase the productivity of Indian workers and improve their quality of work, he added.
The government's move to amend Factories Act, labour law reforms and encouragement to e-governance are some of the initiatives, which will go a long way in boosting the MSME sector, he added. (KNN/SD)
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