MSME Min launches draft consultation paper on MSME Policy
Updated: Dec 02, 2014 05:24:52pm
New Delhi, Dec 2 (KNN) MSME Ministry has come out with a draft consultation paper, as a step towards framing a National MSME Policy. It has called for suggestions from prospective and existing entrepreneurs, associations, academia, public representatives and concerned citizens for suggestions on the same.
The paper which is available on the Ministry’s website is available for consultation for 45 days after which all suggestions received would be considered before a policy is proposed, the Ministry said on November-28.
The move comes against the backdrop of various stakeholders advocating a MSME Policy for India.
“The MSMEs of India would be the cradle for the “Make in India” vision. This would be the nursery where small existing businesses have the potential to become world beaters tomorrow. The larger players amongst the MSME space also are in a unique position to become global players attracting partners with technology and funds. The Policy framework must encourage this. It will also help creating employment on a massive scale,” the Ministry said.
Any MSME Policy for India should take into account the various ministries, and all the policies should be aligned with each other because the focus would be the entrepreneur, whether he is starting up, he is growing, he is wanting to become a large domestic player or a global competitor; the Policy framework must enable and encourage all this, it said.
Further, it should also be aligned with MSME Policies of the state governments, take into account the progressive policies in the Western and the Eastern Hemispheres; and encourage establishment and growth of units. It should also encourage the entrepreneur to grow and become a global player.
Significantly, the Policy Framework should be enabling, supporting, provide for very small businesses and offer subsidy.
Most of all, it should address the questions - How to enable Indian service enterprises to become global players observing global levels of standards of services and ensure that Indian service industry can become a global player? What steps should the Government take to enable the Service Industry to grow? What steps or standards should be prescribed for providing basic minimum level of standards? Do we require to set up Skill Development Centres which teach these standards and should there be a regulatory framework? Given that we have a numerous types of services, should there be an Industry driven Council which enforces such standards?
Once these points are addressed in framing MSME Policy of the country, an eco-system supporting services sector in MSMEs can be created, it said.
Also highlighted in the draft consultation paper is the need to encourage entrepreneurship in the country by providing a suitable eco system for start-ups for creating new enterprises both in manufacturing and service sector.
In addition, the new policy needs to have frameworks for regulatory regime, environment compliance, for green, orange and red categories of industries; new product development; value addition mechanisms; knowledge and innovation; manufacturing and services ‘excellence’; export promotion and marketing; the growth accelerator; consultative mechanism; financial regime; resources provisioning; and exit policy among others.
These frameworks should cater to the needs of village and rural industries, traditional industries; handicrafts and handlooms and other industries such as defence manufacturing industries, electronics services design and manufacturing industries, agro food processing industries, machine tool industries, casting and forging industries, etc, it said. (KNN/ES)
The paper which is available on the Ministry’s website is available for consultation for 45 days after which all suggestions received would be considered before a policy is proposed, the Ministry said on November-28.
The move comes against the backdrop of various stakeholders advocating a MSME Policy for India.
“The MSMEs of India would be the cradle for the “Make in India” vision. This would be the nursery where small existing businesses have the potential to become world beaters tomorrow. The larger players amongst the MSME space also are in a unique position to become global players attracting partners with technology and funds. The Policy framework must encourage this. It will also help creating employment on a massive scale,” the Ministry said.
Any MSME Policy for India should take into account the various ministries, and all the policies should be aligned with each other because the focus would be the entrepreneur, whether he is starting up, he is growing, he is wanting to become a large domestic player or a global competitor; the Policy framework must enable and encourage all this, it said.
Further, it should also be aligned with MSME Policies of the state governments, take into account the progressive policies in the Western and the Eastern Hemispheres; and encourage establishment and growth of units. It should also encourage the entrepreneur to grow and become a global player.
Significantly, the Policy Framework should be enabling, supporting, provide for very small businesses and offer subsidy.
Most of all, it should address the questions - How to enable Indian service enterprises to become global players observing global levels of standards of services and ensure that Indian service industry can become a global player? What steps should the Government take to enable the Service Industry to grow? What steps or standards should be prescribed for providing basic minimum level of standards? Do we require to set up Skill Development Centres which teach these standards and should there be a regulatory framework? Given that we have a numerous types of services, should there be an Industry driven Council which enforces such standards?
Once these points are addressed in framing MSME Policy of the country, an eco-system supporting services sector in MSMEs can be created, it said.
Also highlighted in the draft consultation paper is the need to encourage entrepreneurship in the country by providing a suitable eco system for start-ups for creating new enterprises both in manufacturing and service sector.
In addition, the new policy needs to have frameworks for regulatory regime, environment compliance, for green, orange and red categories of industries; new product development; value addition mechanisms; knowledge and innovation; manufacturing and services ‘excellence’; export promotion and marketing; the growth accelerator; consultative mechanism; financial regime; resources provisioning; and exit policy among others.
These frameworks should cater to the needs of village and rural industries, traditional industries; handicrafts and handlooms and other industries such as defence manufacturing industries, electronics services design and manufacturing industries, agro food processing industries, machine tool industries, casting and forging industries, etc, it said. (KNN/ES)
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