The National Small Industries Corporation (NSIC) launched an intelligence portal on Thursday. While inaugurating the website www.msmeintelligence.com , Secretary, MSME Uday Kumar Varma said, “Non availability of Experts/Resource persons, high cost of primary data collection and analyzing and even higher cost of database development, maintenance and subscription are impediments for MSMEs to gather market intelligence.”
He further added that MSMEs have realized the importance of market intelligence system for their growth. “Market intelligence is even necessary when entering a foreign market,” he added.
Welcoming the Secretary (MSME), Dr. H.P. Kumar, CMD, NSIC informed that the proposed web portal will facilitate connectivity to Indian MSMEs and also access to global enterprises in accessing information about the products and technologies available from MSME sector in India.
The Web portal has a continuous stream of updated information coming from various trusted sources (international as well as domestic), which makes it different from other portals available on Internet.