MSMEs To Prioritise Quality, Competitiveness & Technology For Global Integration: Govt

ENA MSME 2025-08-27 16:09:37 New Delhi, Aug 27 (KNN) Micro, Small and Medium Enterprises (MSMEs) need to shift from a price-focused strategy to one driven by quality, competitiveness, and technology adoption to effectively integrate into global value chains, a senior government official said on Tuesday, as reported by Business Standard. MSMEs are the true engines of growth, contributing over 30 percent to GDP, 45 percent to exports, and employing more than 28 crore people, particularly in tier-2 and tier-3 cities. Their resilience enabled Indias swift post-pandemic recovery, and they will remain central to achieving the vision of Viksit Bharat, said Dr Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME, while addressing the CII MSME Growth Summit 2025 in New Delhi. He noted that the Ministry has extended credit guarantees worth Rs 6.4 trillion over the past three years and is establishing 100 technology centres across the country to enhance competitiveness. MSMEs must integrate into global value chains to drive Indias vision of becoming a Viksit Bharat by 2047, he added. Industry leaders at the summit underlined the need for technology-driven competitiveness. Sunil Chordia, Chairman, CIIs National MSME Council and CMD, Rajratan Global Wire Ltd, said smart manufacturing clusters would enable cost-effective adoption of Industry 4.0 solutions. Highlighting awareness gaps, M Ponnuswami, Co-Chairman, CII National MSME Council and CMD, Pon Pure Chemicals, emphasised the need to improve outreach on low-cost automation, credit schemes, and procurement opportunities, particularly for smaller enterprises in non-metro regions. (KNN Bureau) 43289 https://knnindia.co.in/news/newsdetails/msme/msmes-to-prioritise-quality-competitiveness-technology-for-global-integration-govt 2025-08-27 16:09:37 knnindia.co.in MSMEs To Prioritise Quality, Competitiveness & Technology For Global Integration: Govt