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2012-03-28

50 innovation clusters by year-end to help MSMEs

National Innovation Council (NInC) Chairman, Sam Pitroda announced at having around 50 innovation clusters to help out Micro, Small and Medium enterprises (MSMEs) across the country by this year end.

National Innovation Council (NInC) Chairman, Sam Pitroda announced at having around 50 innovation clusters to help out Micro, Small and Medium enterprises (MSMEs) across the country by this year end.

Giving an update on the Innovation Cluster initiative launched in November 2011, Pitroda said, “We plan to finish pilot, learn from it and then take this project to 50 clusters. I would like to see 40-50 clusters doing such innovations by the end of 2012. Ideally, would want 150 clusters in India to have innovation centre by the end of next year.”

The cluster initiative aims to facilitate creation of ecosystems that will enable generation of new products, services, processes and business models, spurring job creation and inclusive growth.

MSMEs which are regarded as prime growth engines in all developed and developing economies, in 2010-11, Indian MSMEs represented 45 percent of manufactured output and 40 percent of exports. India is likely to have 5,000 regional MSME clusters that include the gems cluster in Surat (Gujarat), brassware cluster in Moradabad (UP) and textile cluster at Tirupur (Tamil Nadu).

As most MSME clusters in India lacks in technology access, research and development (R&D), financing and skills, NInC wants to transform regional MSME clusters into innovation ecosystems with collaborative partnerships among stakeholders through these innovative models.

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