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2015-02-20

Assocham announces launch of \'Virtual Centre\' for development of MSMEs in India

The need of the hour is to adopt the altest technology to be able to compete with the rest of the economies, said Mishra.

The Associated Chambers of Commerce & Industry of India (Assocham), in association with Institute of Cost Accountants of India (ICAI) and CMA, today announced the launch of 'Virtual Centre' for the development of MSMEs (Micro, Small and Medium Enterprises) in India, with an aim to facilitate transfer of technology from countries like Japan, Italy, Germany, UK, etc, and help MSMEs adopt such advance technology for improving operational efficiency at a much cheaper cost.

The Union Minister for MSMEs Kalraj Mishra inaugurated the initiative, while attending the Assocham 'Make in India - Empowering MSMEs for Sustainability' event as Chief Guest in New Delhi today.

Speaking on the sidelines of the event, Mishra said, "The need of the hour is to adopt the latest technology to be able to compete with the rest of the economies. The awareness and affordability of information and communication technology among MSMEs is relatively low. Government is committed to provide all possible support to promote and encourage MSMEs in the country."

"Technology up-gradation is a big challenge for MSMEs. Virtual Centre will also serve as a medium to provide important information to various MSMEs useful for their business operation," Mishra added further.

MSMEs are the driving force behind a large number of innovations and contribute to the National growth through employment generation, investments and exports. Thus, the sector has been an important vehicle for attaining inclusive and sustainable growth in the country.

Further, sharing his thought about the Make in India event organised by Assocham, Mishra said, "I am hopeful that with greater involvement of MSME sector in Make in India campaign, Indian manufacturing sector will have its dominance on the global platform. MSME is the only resort to revive Indian manufacturing sector with its diverse and massive product range."

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