The MSME Ministry is set to launch a virtual network wherein different clusters of MSMEs can connect on a common platform and share information to help them expand their business.
The MSME Ministry is set to launch a virtual network wherein different clusters of MSMEs can connect on a common platform and share information to help them expand their business.
“We are now introducing a virtual network of clusters which will lend itself to new collaboration and network among multiple actors which are needed by SMEs if they are to remain competitive,” said Madhav Lal, Secretary, MSME Ministry at a CII event.
"We are trying to link up academic and research institutes, financial institutions like SIDBI and commercial banks. This will be a network of different stakeholders. We will formally be launching such a platform in the next couple of weeks," he added.
The Virtual Cluster Approach will enable small businesses across different sectors to co-exist with their peers on a web-portal. Under the initiative, around 2,000 industrial clusters have been identified for undertaking soft and hard interventions with a view to increase the competitiveness of the enterprises.
The Ministry of MSME has so far assisted about 850 clusters through its MSE - Cluster Development Programme.
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