New Delhi, Mar 9 (KNN) As the world is witnessing the fourth industrial revolution in the form of Industry 4.0, Indian MSMEs including SC/ST are adopting new technology advancements to fulfill the norms of big industries, said Dalit Indian Chamber of Commerce & Industry (DICCI).

Speaking to KNN India, Chairman of DICCI, Milind Kamble said “As economy is growing, Indian industries are also growing and to meet the requirements of big industries, MSMEs including SC/ST are also growing.”

When asked about the challenges being faced by MSMEs in adopting internet of things, artificial intelligence with industry revolution, Kamble added “We are in the different era where industry 4.0 is at its peak and thus MSMEs must have to be equipped with all these modern technological advancements happening worldwide to compete with global companies”

PSB Loans in 59 minutes is the biggest example of exercising artificial intelligence in the country, which has benefitted lakhs of MSMEs. Likewise artificial intelligence need to be used as a support tool as far as technology advancement is concerned, he added. (KNN/YV)