Hotline: 1800 102 2007
X
Loading
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
  • Competitive Exam Coaching Institute
    IMS being in the education sector for over 40 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2001
    Investment size Rs. 2lac - 5lac
    Space required 1500 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About:Established in 1976, Relaxo Footwears Limited is one of the..
    Locations looking for expansion New Delhi
    Establishment year 1976
    Franchising Launch Date 2012
    Investment size Rs. 30lac - 50lac
    Space required - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Preschools
    About Us A child's brain develops fully in the first five..
    Locations looking for expansion Tamil Nadu
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 1800 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Preschools
    About Juniors Club:-Junior's Club is a place where kids as..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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