February 29, 2024

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India’s tech support and outreach programme for MSMEs

According to a press release, the Ministry of Micro, Small and Medium Enterprises (MSMEs) organised a programme on Technology Support and Outreach (TECH-SOP) in New Delhi.

The objective of the programme was to educate MSMEs about the latest technological innovations currently available in the market.

During the event, MSMEs were able to explore the role of technology in building a competitive ecosystem and creating better opportunities.

Various research and development institutions around the country have developed technologies relevant to MSMEs sustainable growth. The Ministry, through TECH-SOP, aims to bridge the gap between research and development institutions and MSMEs and equip them with state-of-the-art technologies, which will help them become part of the global value chain.

Representatives from the Council of Scientific and Industrial Research (CSIR), the National Innovation Foundation-India (NIF), the Indian Council of Agricultural Research (ICAR), the Institute for Design of Electrical Measuring Instruments (IDEMI, Mumbai), and IIT-Delhi were present at the event.

An “India Green Tech Open Challenge” was also launched to encourage MSMEs to adopt sustainable and green technologies.

The government has been working to support the MSME sector in the country over the last few years through initiatives like the Micro Units Development and Refinance Agency (MUDRA), the Employment Generation Programme (PMEGP), and the Credit Guarantee Fund Trust for MSEs (CGTMSE) that have led to credit growth recovery.

In 2018, the Prime Minister launched a MSME Support and Outreach Programme. As part of this programme, 12 key initiatives related to the growth, expansion, and facilitation of MSMEs were launched. These initiatives were based on the five key aspects to facilitate the sector. These include access to credit, access to market, technology upgradation, ease of doing business, and sense of security for employees.

Furthermore, earlier this month, OpenGov reported that the Cabinet Committee on Economic Affairs (CCEA) approved a Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS), with a total outlay of about US $407.4 million.

The scheme set out to boost the competitiveness of MSMEs by integrating ongoing technology upgradation efforts, increasing productivity through waste reduction, and promoting cloud computing.

Also, the Telangana’s state government recently announced the launch of a digital platform for MSMEs. The digital networking site is a collaborative project and offers several benefits to MSME members such as digitisation, an e-commerce store, and access to business efficiency tools that will enable the state’s MSMEs to connect to a global community of small and large enterprises.

The platform will also allow MSMEs to create a digital profile for their business, connect with other global MSMEs, enable them to find buyers and suppliers, gain visibility, and receive up-to-date industry trends and news.

The development of MSMEs has economic benefits. MSMEs are an important part of the economy and contribute significantly to GDP, exports, industrial output, and employment generation. In fact, according to a report, small and medium units have the potential to take US $70 billion in formal credit from banks.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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