The importance of MSMEs have been recognised in recent years for its significant contribution in
gratifying various socio-economic objectives such as higher growth of employment, output,
promotion of exports and fostering entrepreneurship. They play a crucial role in the industrial
development of any country. This sector even assumes greater importance now as the country
moves towards a faster and inclusive growth agenda. MSMEs have also shown an ability for
innovation, creativity, and flexibility which qualifies them to respond promptly to changing market
conditions and to adapt the dynamic needs of the consumers.
This report, published by CII in association with its Knowledge Partner Roland Berger was released at the backdrop of the 4th Regional MSME Conclave - Energising MSMEs by Facilitating Finance & Enhancing Competitiveness on 6 October 2016 at Chandigarh. It provides an in-depth coverage of the MSME sector in India, the current government policies, opportunities and challenges. The key highlights of this report include:
- Overview of MSME Sector in India
- Enabling Environment for Growth of Finance to the
MSME Sector
- MSME Issues and Challenges
- Role of Banks and Financial Institutions in Financing
MSMEs
- Role of Information Technology& Innovation in MSME
sector
- Role of Innovation in MSME growth
- Skills Development of the MSME Sector