|
|
Technology adoption -- an Achilles' heel for Indian SMEs
|
|
|
|
| Top Stories |
 |
|
|
|
Bikky Khosla | 31 Jan, 2012
Technology has become the pulse of modern day business, but when the Indian small and medium enterprises (SMEs) are viewed from this angle, we see little development. For years, lack of technology adoption has remained a thorny issue among them, and as a result, they are lagging far behind their global peers, losing a lot of opportunities, which shouldn't have been lost.
Why most of our SMEs fail to keep their fingers on this pulse? It's beyond doubt that budget limitation is one of the major causes. In addition, they are beset by other difficulties related to marketing, bank finance, infrastructure, labour shortage, etc. But against all odds, I think our SMEs, if they are to play any meaningful role in global markets, need to stress on technology adoption. First of all, they have to do whatever they can on their own.
Although resource constraint has been an issue among most of our SMEs, I think there are many small players who drag their feet on take-up of new technologies only because of lack of awareness. And out of those who are aware, a majority of them are nervous to embrace new technologies. This attitude needs to be changed. SMEs shouldn't lie low when it comes to adoption of new technologies.
In addition, the government should provide support in strategic areas and help the SME sector access new and better technologies by providing opportunities for international partnerships, involving large enterprises and research institutes in the development of SME clusters, and promoting SME-specific low-cost technology solutions and an innovation culture in the sector.
In today's business world, the role of technology has expanded from a mere enabler of productivity and quality to a more strategic role as a key enhancer of competitive advantage. In this background, an SME, if it wants to compete successfully at the global level, cannot ignore the technological advancements, which are, these days, taking place at a rapid pace.
In fact, with liberalisation and globalisation, even our local markets are now increasingly exposed to global competition and if our SMEs are not prepared to face this, their fate is not hard to predict. On the other hand, by enhancing their competitiveness through technology adoption, they can play a significant role in regional and global markets. Fresh thinking by small business owners and government nurturing will certainly help put the Indian SME sector on a better footing.
|
|
|
| |
|
|
|
|
|
|
|
Technology Adoption in SME's
Ravi C | Fri Feb 3 13:01:21 2012
In manufacturing, steady orders is a pre-requisite for Technology investment. Where it is happening e.g. automotive, vendor development by the principal is ensuring that technology is adopted. On the IT side, transparent business transactions is a pre-requisite. Garbage-in, garbage-out. So once that is a need, everybody will implement business productivity technology effectively.
Tax free industrial areas
Hiran 9493866576 | Fri Feb 3 02:08:56 2012
Let us start with tax free industrial sheds where the size of allotment area should be according to SME act and buyback should be there from Government and technology has to be supported by government only. Second part which are the verticals should be cleared in SME and govt has to provide these facilities will be for qualified technical students only and here reservation part should not be there, only genuinely qualified people and that to breakeven time should be five years only and there after said premises should be given to next batch of the students and also who successfully SME completed he/she has to vacate should vacate the industrial compound and start as self business personality.
Gap between providers and users
Vishwanath | Thu Feb 2 11:12:48 2012
What you say is right up to a point. But more often there is a disconnect between the technology providers and users.Users still have more confidence in using /getting it from outside rather than invest a little confidence in accepting in home grown technology.
For instance, I have proven technologies regarding Carbon generation and all aspect there from. I am member of CARBON SOCIETY OF INDIA for the past 25 years and I feel sad to see 50's technology still being used even when ir is energy inefficient,hostile to environment merely because it has been sourced from out side
Do you think that any one who reads this will have some thing useful to say or do in this regard.
Sribioenergy-
9900148147
SMEs face lack of funds
Vedhavalli Vasan | Thu Feb 2 06:35:54 2012
Though SMEs are prepared to adopt technology, they are hard pressed for funds to even buy advanced machines, etc., Banks should offer to their rescue when required instead of a silent spectator. The interest charges are very high and at par with any MNCs. Particularly, when the performances are low the interest should be low but on the contrary interest charges are more during lean periods. It is very funny that even to avail SME credit the performance have to be good. When the performance is good the establishment doesn't require any financial help.
Nationalised Bank officials should update/train themselves with the schemes that are available and be depth in the subject to advice /direct and be a part of SMEs in their growth. Banks should study the scope for the products / markets thoroughly for which they need to consult and get the advice from professionals from the relevant industry.
If only the fragmented SMEs are strengthened properly India can permanently stop FDI in retail.
Tech
Philip Huang | Wed Feb 1 06:17:19 2012
Good Point
A very good point
Kiran K Kaligiri | Wed Feb 1 02:57:11 2012
The author has picked a very good point. Yes, the government should help the SME sector in technology adoption.
|
|
Canada provides funds for R&D
D.Singh | Fri Feb 3 22:27:38 2012
The Canadian govt.provides funds for the research and development portion of a new project.This helps to cover some of the cost of design, engineering and materials that are used to develop a new product, technology or a service to the manufacturing industry which can help to improve quality and also create employment.This can encourage business owners to take some risks in bringing new and better products to the market.
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
