Hotline: 1800 102 2007
X
Search Business Opportunities
2013-03-15

MSMEs facing strong competition from China: MSME Min.

The government on Thursday said that Micro, small and medium enterprises (MSMEs) in the country are facing stiff competition from China.

The government on Thursday said that Micro, small and medium enterprises (MSMEs) in the country are facing stiff competition from China.

Minister of State for MSME K H Muniappa in a written reply to the Lok Sabha said, “Strong competition from China faced by Indian MSMEs is evident in high growth of India’s imports from China.”

As per information compiled from Director General of Commercial Intelligence & Statistics in respect of eight major product groups largely manufactured by the Small Scale Industries (SSIs) in India, imports from China grew at a higher rate than their respective imports from all countries combined during 2008-09 to 2011-12.

As these eight product groups accounted for 54 per cent of India’s total imports from China in 2011-12, a significant proportion of Indian SSIs are seen to be facing greater competition from China as compared to the rest of the world.

These product groups pertain to Electrical and Electronics; Mechanical and Metallurgical products; Chemical and Glass and Ceramics-based products.

Besides, MSMEs in the country are also facing challenges like inadequate exposure to international market and low capital base.

However, the government is implementing various schemes to overcome the challenges to the growth of MSMEs, Muniyappa said.

He added that the Gross Budgetary Support (GBS) for the 12th Plan (2012—17) of the Ministry of MSME has been approved at Rs 24,124 crore by the Planning Commission. These schemes and programmes help MSMEs grow, increase their competitiveness and consequently exports.

For export promotion in particular, the Ministry is implementing Market Development Assistance Scheme as also various other export promotion schemes through its autonomous bodies, namely the National Small Industries Corporation (NSIC), Khadi and Village Industries Corporation (KVIC) and Coir Board.

Related opportunities
  • Imitation/Art/Junk Jewellery
    About Us Brand Tistabene is owned by the leading lifestyle retail..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Welcome to the world of premium modular kitchens, crafted..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 30lac - 50lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Casual dine Restaurants
    About Us: Launched in 2010, Mamagoto is a fusian pan aisian..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Precious Jewellery
    About Us: Established in 1993 in Uttarakhand, Silveria Jewellers is India's..
    Locations looking for expansion Delhi
    Establishment year 1993
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts