Govt following enterprise ecosystem development approach to enhance MSMEs’ competitiveness: Ram Mohan Mishra, special secy & development commissioner, M/o MSMEs

Friday, January 24, 2020
 Govt restructuring credit guarantee scheme
 
New Delhi, 24th January 2020: With a view to enhance competitiveness of MSMEs, the government is following enterprise ecosystem development approach thereby investing in seven things together viz. facilitating human capital development, knowledge services, helping access to finance, technology, infrastructure, market access and governance, a top MSME Ministry official said at an ASSOCHAM event held in New Delhi today.
 
“So these seven things, where investments are possible in the economic ecosystem, we are trying to pool-in and then synergise, dovetail and roll it out in the cluster mode so that competitiveness of the MSMEs can be enhanced, so that medium and large-scale can handhold without losing anything,” said Mr Ram Mohan Mishra, special secretary and development commissioner, Ministry of Micro, Small and Medium Enterprises (MSMEs) at the ASSOCHAM National Conference on Gig Economy.
 
Addressing the industry heads and delegates at the ASSOCHAM conference, Mr Mishra said, “I take this opportunity to invite all of you to be partner in this. We are now listing clusters and preparing preliminary project reports (PPRs), so if you have any idea or any possibility anywhere, we would like to list it down and then move on together. This will be very fantastic journey towards $5 trillion economy.”
 
He also informed that government is restructuring the credit guarantee scheme to finance front-end credit guarantee.
 
Mr Mishra further said, “We are opening enterprise facilitation centres almost everywhere that will take up awareness of opportunities and troubles which may be possible in the whole of enterprise, incubation for technology and business, and for this we have started a network called Udyam Saathi and another network Udyam Sakhi to have little more emphasis on women part of it.”
 
He added that the government is encouraging people to register on these portals to provide handholding.
 
In her address at the ASSOCHAM event, Ms Sunita Sanghi, senior adviser (EP), Ministry of Skill Development & Entrepreneurship informed, “The government is coming up with a portal for employers to provide them data of people skilled in various sectors.”
 
She also said that with industry 4.0, Indian workforce is exposed to various opportunities on a global platform. “Gig economy plays an instrumental role in helping individuals leverage these.”
 
Addressing the conference, Mr Nikhil A. Menon, general counsel and head – public policy, Urban Clap Technologies Pvt Ltd said, “Gig economy has transcended across sectors – health, transportation, hospitality. This is supplementing the skills and interests of all.”
 
In his address, Mr Anupam Malik, former labour commissioner, Government of Haryana focussed on how the labour laws come into play in a gig economy.
 
ASSOCHAM secretary general, Mr Deepak Sood in his address at the ASSOCHAM conference said that gig economy was on its way to becoming a crucial part of India Inc’s strategy. “As many as 72 per cent of all gig projects were in large corporate and professional services firms in 2018-19, compared with 52 per cent two years ago. Start-ups were early adopters of a flexible workforce, followed by large corporate and professional services.”
 
Mr Sood added, “Employers also are more likely to engage temporary workers, instead of full-time employees to handle specific projects, allowing them to usher in a larger range of skill sets appropriate to the task, as well as save on high recruitment costs.”
 
He further said that so far, the most crucial driver of the gig economy is digital technology. “It has made it possible for people to engage in productive labour remotely and without leaving home, popularly known as online labour. The need of the hour is to introduce the category of ‘Independent worker’ in the economy, helping bridge the required gap at workplaces.”
 
Mr S.C. Aggarwal, member, ASSOCHAM Managing Committee laid the theme for the day ‘Aligning Consumer Preferences’ and expressed his gratitude towards the conference attendees.
 
About ASSOCHAM:
ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge Based Economy. More information available on www.assocham.org
 
 
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