A joint CII and KPMG publication titled “The new wave Indian MSME: An action agenda for growth” was released on 8 October against the backdrop of the ‘Global SME Business Summit 2014: Enabling Global Economic Growth through SME Partnerships’ organized by CII on 8 - 9 October, 2014 at New Delhi.
The Micro Small Medium Enterprises (MSME) segment will play a significant role in the emergence of the Indian economy. The development of this segment is extremely critical to meet the national imperatives of financial inclusion and generation of significant levels of employment across urban, and rural areas across the country.
The report aims at providing a snap shot of the emerging opportunity in the India MSME segment. A new wave MSME Enabling opportunity framework is considered based on the maturity stage and scale of enterprise i.e. Start-up, growth and developed. It encompasses all aspects of support for MSMEs and is built around five growth enabling pillars comprising: Infrastructure, Regulatory, Funding, Performance incentives and Skill India.