ENA MSME 2025-02-07 14:22:56 <p><span style="font-size:14px"><strong>New Delhi, Feb 7 (KNN)</strong> In a bid to make Indias Micro, Small, and Medium Enterprises (MSME) sector globally competitive, the government is set to roll out targeted interventions aimed at enhancing technology adoption.</span></p> <p><span style="font-size:14px">Additionally, the office of the Development Commissioner (DC), MSMEs apex body, will undergo a comprehensive restructuring to strengthen its role in policy facilitation, financing, raw material procurement, and product marketing.</span></p> <p><span style="font-size:14px">According to a senior government official, think tank Niti Aayog plans to commission a research study to assess the significant challenges facing MSMEs.</span></p> <p><span style="font-size:14px">The study will propose key structural changes in DC MSME, focusing on improving monitoring and evaluation metrics to ensure better governance and impact assessment.</span></p> <p><span style="font-size:14px">MSMEs contribute nearly 41 per cent to Indias total manufacturing Gross Value Added (GVA), underscoring their importance in the economy.</span></p> <p><span style="font-size:14px">The government recognises the immense potential of small and medium enterprises to integrate into both domestic and global value chains and aims to introduce key infrastructural reforms to enhance technology penetration in the sector.</span></p> <p><span style="font-size:14px">A framework will be developed to create a robust technology-sharing ecosystem for MSMEs, with collaboration from key stakeholders, including the government and private sector.</span></p> <p><span style="font-size:14px">Additionally, successful open-source technology models from other countries will be studied for possible adaptation in India.</span></p> <p><span style="font-size:14px">The revamp of DC MSME is seen as a crucial step in aligning the institution with the evolving needs of the sector. The restructuring will include a detailed analysis of Indias MSME landscape, benchmarking it against global trends to identify best practices for technology adoption.</span></p> <p><span style="font-size:14px">The study will also map the concentration of MSMEs across various industries and evaluate Indias technology facilitation mechanisms against global standards.</span></p> <p><span style="font-size:14px">With these reforms, the government aims to strengthen MSMEs, making them more resilient and competitive in an increasingly technology-driven market.</span></p> <p><span style="font-size:14px"><strong><em>(KNN Bureau)</em></strong></span></p> 40980 https://knnindia.co.in/news/newsdetails/msme/govt-to-boost-msme-sector-with-targeted-tech-adoption-institutional-revamp 2025-02-07 14:22:56 knnindia.co.in