MSMEs are facing a lot of hurdles according to a report published by Sidbi (Small Industries Development Bank of India). One major concern of Micro, Small and Medium Enterprises is lack of proper infrastructure support needed for their growth and development. The 2010 report is based on survey conducted on 200 MSMEs from every place of India.
Non-availability of infrastructure is not just one concern. There are other issues of concern to the MSMEs . The other key issues that need to be addressed are
- Inadequate and Non-availability of timely credit.
- Non-availability of skilled personnel.
- Non-responsive cost competitiveness due to unavailability of greater automation in production facilities.
- Inefficiency of energy in production processes.
- Inadequate R&D and lack of brand building support.
- Improper knowledge of government schemes with reference to information and communication technology (ICT).
These findings are part of a recent survey conducted by SIDBI among 42 micro, 114 small, and 44 medium enterprises spread across cities like Chandigarh, Hyderabad, Jamshedpur, Surat, Rajkot and Bangalore. The research has been conducted based on questionnaires, on-field discussions and interviews with MSME associations and trade chambers representing different sectors located in different places of India.
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TAGS government schemes, MSMEs, Sidbi
CATEGORIES Marketing Tips, Small Business News, Uncategorized

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