SME Focused Initiatives Are Still Awaited: MAIT | SupportBiz

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SME Focused Initiatives Are Still Awaited: MAIT

 
MAIT has also launched a website catering to the various information needs of the SMEs.

Thiruvananthapuram: While the government is pushing to improve growth in the manufacturing sector, there is still a need for some initiatives that are focussed on the SMEs.

Rahul Gupta, Chairman, SME Chapter, MAIT, said, “The government’s role in pushing the growth of the manufacturing sector and paving way for the growth of SMEs cannot be undermined. By opening doors for investment in the country to domestic and international players, it aims to further give a boost to economic growth. However, some concrete SME focused initiatives are still awaited. What is required, is the right mix of government intervention for creating market for locally manufactured products and freedom, which could lead to the creation of dynamic exporting SMEs.”

MAIT, the apex body representing India’s IT hardware, training and R&D services sectors, in association with the Ministry of Communication & Information Technology and Ministry of MSME, had organized “MAIT ICT SME Conclave – 2014” in Thiruvananthapuram. 

The Conclave aimed to create awareness among SMEs about the various initiatives, policies and schemes by the government. As per the estimates of Ministry of IT & Communications, the demand for IT hardware & electronics is expected to touch $400 billion by 2020 in India.

While giving an overview of IT and E-governance services of state, Ajith S, Head – e Governance, Kerala IT Mission, “SMEs are the backbone of our economy and have a crucial role to play in promoting inclusive growth at the grassroot level. Through various IT and e-Governance services our aim is to create a platform for SMEs and young entrepreneurs in Kerala to innovate, contribute to the development of our economy and expand their business in a dynamic market situation. SMEs are essential part of the government initiative to promote the use of IT in e-governance.” 

With the current rate and base of domestic production, an expected $320 billion worth of IT Hardware & electronics is expected to be imported into India to cater to this burgeoning demand. It is a good opportunity for Indian manufacturers to participate in the Make in India campaign and join the mainstream IT Community in India. 

MAIT SME Conclave offers a single window for all the MSMEs to connect with each other and various government bodies, thereby highlight their key issues related to the policy framework, funding etc and get a better understanding of various schemes and opportunities on offer that can be utilized for the benefit of the industry.

It aimed to equip the SMEs to prepare themselves thoroughly for evaluating the business opportunities and take necessary actions in developing their enterprises with the help of IT to achieve business goals.