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Ministry and IT majors to help SMEs adopt cloud technologies

The Ministry of Small and Medium Enterprises (MSMEs) will soon meet with some big names from the IT industry, to discuss how to help MSMEs in the country adopt cloud technologies. This announcement was made by Amarendra Sinha, the Additional Secretary of the MSME Ministry.

Speaking about this initiative, Sinha stated: "The Ministry of MSME is going to support the micro, small and medium enterprises (MSMEs) in adopting cloud technologies. This will enable them to become globally competitive. It will bring down their costs of technology adoption enormously."

The six major players in the Indian IT industry - Microsoft, TCS, IBM, Oracle, Intuit and Sales Force – will attend the meeting. The MSME Ministry has plans to ink a service-level agreement with these firms at the meeting.

A study conducted by Zinnov recently indicated that five lakh SMEs in India have a website, while two million have internet access. Nearly four million SMEs use computers in their day-to-day operations, and the number of such firms is expected to rise by 30 percent by the year 2015. The study also indicated that IT spending by firms in India will reach USD36 billion by 2015, which means growth at a CAGR of 12 percent over the present level.

Source: SME Times