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IIM Lucknow: India SME Conclave 2010 to Discuss Sustainable and Enhanced Growth for MSMEs
SME WORLD Bureau
Nov 2010
Nov 2010
The Micro, Small and Medium enterprises (MSMEs), in India, are the backbone of its economy. They constitute the bulk of the industrial base and also contribute significantly to their exports as well as to the Gross Domestic Product (GDP). About 50 percent of industrial output and 42 percent of its total exports come from its SMEs. It is the most important employment-generating sector and is an effective tool for promotion of balanced regional development. It produces a diverse range of products (about 8000 odd items), including consumer items, capital and intermediate goods.
However, the SMEs sector in India, is yet to be matured, in technological advancement happening around the globe. This sector suffers from problems of suboptimal scales of operations and technological obsolescence. There is absolute need for financial as well as technical improvement methodologies. This would help them to identify and evaluate alternate technologies that would suit their requirements. Poor financial situations and low levels of R&D, poor adaptability to changing trade trends, non-availability of technically trained human resources, lack of management skills, lack of access to technological information and consultancy services and isolation from technology hubs, etc. are some of the reasons why these SMEs are not being able to surge ahead.
With a view to expand its activities to the SMEs sector in India and to address the issues face by the SMEs, the Entrepreneurship Cell of IIM Lucknow conducted the “India SME Conclave -2009” at IIM Lucknow campus on last year in association with the Indian Industries Association (IIA) and Ministry of Micro, Small and Medium Enterprises (MSME). The theme of the conclave was “Low cost financing options and the impact of Free Trade Agreements on the SME sector in India”, with special emphasis on Indo-ASEAN FTA.
Continuing the legacy and in on endeavor to address challenges faced by the MSME sector in India, the Entrepreneurship Cell of IIM Lucknow, in association with IIA will organise “India SME Conclave 2010”. The theme of the conclave is “Managing MSME business for Sustainable Enhanced Growth”. The conclave aims at giving insights to Indian MSME on developing strategies for sustainable enhanced growth. The agenda of the conclave is:
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