Piecing Back India’s MSME Sector in a Post-COVID India
India’s industrial growth has to now span a localized paradigm, as envisioned by the Prime Minister of India Mr. Narendra Modi. This localization of economies is not an alien concept to India – indeed, the concept of such localization has always been conspicuous by its presence in folklore and public memory. Be it the sweets of Agra and Mathura, the silk of Kanchipuram, the muslin of Bengal or the shawl of Kashmir, such localization that harnessed a region’s natural resources and fused it with the local talent has always been commonplace. However, the nature of New India has to be glocal – global yet local, as it looks to regain its lost position in a new world. However, this has to be done on the back of manufacturing, a large chunk of which has to be based on the small scale sector of India. The importance of small scale sector across the world has never gone unnoticed. Worldwide, a wide range of responses across different countries have come across to support the Micro, Small and Medium Enterprises (MSME) sector of their countries in this time of desperation. The IRS officers’ association in their Report Project FORCE noted the varying responses, … Continue reading Piecing Back India’s MSME Sector in a Post-COVID India
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