Page 9 - MSME BULLETIN 2022 .indd

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OLUME 1, ISSUE 1, AUGUST 2022
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MS ME & S TA RT -UP BULLETIN, V O LU ME 1 , I S S U E 1 , A U G U S T 20 22
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MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022

Chairman’s Message

he Micro, Small and Medium Enter- areas where the Indian Industry specially
prises (MSME) is a highly vibrant and the MSME should head towards. The key
Tdynamic sector of the Indian economy areas include:
with over 6 crores units, providing employ-
ment to 11 crores + people (just next to Ag- Industry 4.0, including elements like artifi cial
riculture), having 29% share of GDP and 50% intelligence, 3D and virtual reality with the
of country’s total exports. The MSME sec- objective of making India a global leader in
tor contributes in a significant way to the Industry 4.0

growth of Indian economy across the range
of production system, employment gener-  export promotion and import
ation national output exports etc. MSMEs reduction, including how to focus on
not only play crucial role in providing large the key manufacturing areas, how to
employment opportunities at comparative- improve our quality standards, designs
ly lower capital cost than large industries and technology, packaging with the
but also help in industrialization of rural &
backward areas, thereby, reducing regional objective to see that India becomes a
imbalances, assuring more equitable distri- global manufacturing hub and a lead-
bution of national income and wealth. ing exporter in the world

The Government of India has designed vari-  re-engineer vertically and horizontally
ous policies for the growth of MSMEs in the the existing cluster schemes so that
country. The Ministry of MSME runs numer- they are able to assist the grass-root
ous schemes targeted at providing credit and the micro-level enterprises as well
and fi nancial assistances, skill development as the high-end enterprises focus on to
training, infrastructure development, mar- integrate the technology centres
keting assistance, technological and quality
 explore interventions to align various
upgradation and other services for MSMEs modernisation schemes like ZED (zero
across the country.
defect and zero effect) and LEAN (for

The Govt. has identified to work on 5 key manufacturing competitiveness), as
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