Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Automobile maintanance related
    About Us: Since 1968 Koch-Chemie has stood for high-quality cleaning and..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Home Furnishings
    About Us: Marshalls - India's No. 1 in Wall coverings since 1975 brings..
    Locations looking for expansion Maharashtra
    Establishment year 1975
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Sweetshop
    About Us:  SweetSmith was conceived as India’s first dessert boutique, with..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    Greetings from USPFC!! USPFC has come a long way from its..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
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