Aaloke Surie
10 months 3 weeks ago
Support for MSMEs & Capacity Building for in Manufacturing
1. Stop Under-Invoicing for Fair Competition
Indian MSMEs can match Chinese imports if under-invoicing stops. Many traders evade Import Duty, GST, and Income Tax, creating a 25–35% unfair price gap. These “cheap imports” block genuine entrepreneurs from building manufacturing capacity. Strong Customs enforcement is vital for domestic growth.
2. Build Product-Based MSME Clusters
New manufacturing SMEs need raw materials, infrastructure, and market access. High land costs push them far from resources and markets. The solution: create product-specific clusters near cities, led by private sector domain experts to manage supply chains, mentor entrepreneurs, and strengthen local capacity.
Examples:
Power Tools: Bosch
Grinding & Cut-Off Wheels: CUMI, Saint-Gobain (Grindwell Norton)
Import data can reveal sectors for such clusters, reducing dependence on low- and medium-tech imports and driving Aatmanirbhar Bharat.
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