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2013-10-03

MSME Ministry urges SMEs for adoption of innovative practices

The Micro, Small and Medium Enterprises (MSME) Ministry today asked SME units, especially start ups for adopting innovative technologies in their production to make them globally competitive.v

The Micro, Small and Medium Enterprises (MSME) Ministry today asked SME units, especially start ups for adopting innovative technologies in their production to make them globally competitive.

 

"We have been discussing the issue of innovation and how to trigger innovation for start ups and existing ones," MSME Secretary Madhav Lal said at a CII event.

 

Lal said that “the ministry has found that there are small initiatives which have been taken by SIDBI and similar organisations in the Department of Biotechnology and Department of Science and Technology, but they are much dispersed.”


 
“It is important to work within certain frameworks and policies. There is a mechanism which can be created and the MSME Ministry is working on those mechanisms.” Added Lal.



"We can work minus the frameworks, but I think scales can be achieved only if there are well thought out frameworks," he added.

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