'Difficult for the MSMEs to survive unless it is in sync with the global reality'
Updated: Nov 20, 2015 04:18:57pm
Kolkata, Nov 20 (KNN) Unless industry is in sync with the global reality, it will be extremely difficult to survive, especially for MSMEs as a result of which the exports will also shrink, Sudhanshu Pandey, joint secretary, Union commerce and industry ministry said while speaking about the standardisation of the products.
Standard, Pandey said, is a very dynamic process, and industry needs to realize that there is an increased competition across the globe.
"Unless industry is in sync with the global reality, it will be extremely difficult to survive, especially for MSMEs. Export market for India will also shrink as a result. The mandatory standardisation of products that match international norms is necessary for creation of overseas market access for Indian exporters, he said, adding that it will also protect the Indian market from becoming a dumping ground of substandard products, including chemicals and food items.
The Central Government is working on an action plan to offer incentives to industry, encourage them to upgrade all the technologies and wherewithal needed to match up with the best global standards and help stay in competition in the increasingly global market, Pandey said during the Regional Standards Conclave held here on Friday.
"This is part of our efforts to bring greater awareness among industry members and other stakeholders about the importance of 'Standards' in the changing scenario of global trade," said Pandey at the conclave organised by the Union Ministry of Commerce & Industry in association with CII and Export Inspection Council (EIC) of India.
The government, said Pandey, has identified about 400 products and is currently working on building mandatory standards for the items. According to him, since the exercise entails inter-ministerial interactions and collaborations, the whole process is time-consuming. It will require the Cabinet approval, Pandey said, adding that mandatory standards for the identified products are expected to be ready by 2016-17.
The government is also looking to put in place independent testing, inspection, accreditation and certification systems, he said, adding that hospitals located in Kolkata receive a lot of medical tourists from Bangladesh and Nepal, but since accredited hospitals are few and far between, high-end of medical tourists prefer Singapore and Thailand to Kolkata.
Sumanta Chaudhuri, principal secretary of West Bengal fisheries department said time has come to realise that standard is not just for the government, but other stakeholders, too, including industry.
"When you have a large domestic market, we must go in for standards even if that means that cost will rise. India is after all a country where the middle class is swelling and rural income is increasing," said Chaudhuri. (KNN Bureau)
Standard, Pandey said, is a very dynamic process, and industry needs to realize that there is an increased competition across the globe.
"Unless industry is in sync with the global reality, it will be extremely difficult to survive, especially for MSMEs. Export market for India will also shrink as a result. The mandatory standardisation of products that match international norms is necessary for creation of overseas market access for Indian exporters, he said, adding that it will also protect the Indian market from becoming a dumping ground of substandard products, including chemicals and food items.
The Central Government is working on an action plan to offer incentives to industry, encourage them to upgrade all the technologies and wherewithal needed to match up with the best global standards and help stay in competition in the increasingly global market, Pandey said during the Regional Standards Conclave held here on Friday.
"This is part of our efforts to bring greater awareness among industry members and other stakeholders about the importance of 'Standards' in the changing scenario of global trade," said Pandey at the conclave organised by the Union Ministry of Commerce & Industry in association with CII and Export Inspection Council (EIC) of India.
The government, said Pandey, has identified about 400 products and is currently working on building mandatory standards for the items. According to him, since the exercise entails inter-ministerial interactions and collaborations, the whole process is time-consuming. It will require the Cabinet approval, Pandey said, adding that mandatory standards for the identified products are expected to be ready by 2016-17.
The government is also looking to put in place independent testing, inspection, accreditation and certification systems, he said, adding that hospitals located in Kolkata receive a lot of medical tourists from Bangladesh and Nepal, but since accredited hospitals are few and far between, high-end of medical tourists prefer Singapore and Thailand to Kolkata.
Sumanta Chaudhuri, principal secretary of West Bengal fisheries department said time has come to realise that standard is not just for the government, but other stakeholders, too, including industry.
"When you have a large domestic market, we must go in for standards even if that means that cost will rise. India is after all a country where the middle class is swelling and rural income is increasing," said Chaudhuri. (KNN Bureau)
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