|
|
|
Report calls for structural changes to revitalise MSMEs
|
|
|
|
Top Stories |
|
|
|
|
SMET Times News Bureau | 29 Jun, 2020
Against the dramatic slowdown of the Indian economy triggered by
COVID-19 pandemic, and the border disputes with China having far
reaching consequences on trade and investments, the best, and possibly
the only, option available to India today, is to consolidate and
strengthen the decentralized manufacturing system of the country, says
India Micro, Small and Medium Enterprise Report.
The new report
2020 (MSMER-2020) was prepared by the ISED Small Enterprise
Observatory(ISED-SEO), and brought out by the Institute of Small
Enterprises and Development(ISED), based in Kochi.
The report dwells
on critical areas of concern at the global level, as also in India, such
as, fourth industrial revolution, labour market trends under COVID-19,
livelihoods and enterprise security, credit delivery, and rural
entrepreneurship crisis.
The report also underlines the strategy
failures regarding MSME development in the past, both at the national
level and in the States.
Entrepreneurship, both in policy and
through government schemes, is considered as an employment issue, rather
than as a vocation vital for wealth creation and sustainable
development. It is more of a game of numbers, rather than a serious
exercise in industrialization. Naturally, the MSMEs do not get the
respect they deserve in the economy, and in the policy platforms.
P.M.
Mathew, director of ISED who edited the report said, hard decisions
would be required for rebuilding the MSME system of the country.
"The
need of the hour is for an alternative strategic approach focused on
entrepreneurship, as a critical national resource besides setting up of a
permanent 'National Small Enterprise Commission', mandated with vital
roles such as inter-Ministerial co-ordination of knowledge, strategy
development and policy co-ordination is required," said Mathew.
MSMER
2020 concludes that, the Keynesian model of solutions under a
recessionary situation, as advocated by many, may be useful for the
economy as a whole, but not much for the MSMEs.
A selective
strategy is more appropriate for them where its components are tailored
according to the structure of the industrial system, consisting of
various categories such as, vendor units, service enterprises, hard core
manufacturing units, and tiny(bottom of the pyramid) enterprises.
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|