Boosting Indian Industry's Global Competitiveness
The Indian government has taken initiatives to enhance the competitiveness of its industry, particularly SMEs. The Make in India Programme and Promotion of Ease of Doing Business are some key steps.
Thu, 08 Aug 2024
The Government of India has taken various initiatives to enhance the competitiveness of Indian industry, particularly in promoting Small and Medium Enterprises (SMEs). The Make in India Programme, Promotion of Ease of Doing Business, improved availability of credit through MUDRA, and Stand up India are some of the key steps taken by the government. These initiatives aim to increase SMEs' participation in global value chains.
One notable effort is the establishment of 60 Export Facilitation Centers (EFCs) across the country by @minmsme. These centers provide essential mentoring and handholding support to Micro and Small Enterprises (MSEs), empowering them to excel in the export market.
Support to Small and Medium Enterprises (SMEs)
— PIB India (@PIB_India) August 8, 2024
In order to boost the competitiveness of Indian industry including Small and Medium Enterprises and increase their participation in global value chains, Government of India has taken various initiatives, namely, Make in India… pic.twitter.com/cjUWW4vueM
The government's initiatives are designed to create a favorable business environment, enabling SMEs to grow and compete globally. The availability of credit through MUDRA is a significant step towards this goal, as it provides MSEs with the necessary financial support to scale up their operations.
Through these efforts, the Indian government aims to promote entrepreneurship, create jobs, and boost economic growth. By providing requisite support to SMEs, the country can expect to see increased participation in global value chains, ultimately contributing to its overall development.
Published by Chronicles Of India. Scroll down to read more
