“Despite having a larger area under bamboo cultivation than China, India has not capitalised on its potential due to systemic challenges,” FMC official said
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India can unlock bamboo’s potential with coordinated efforts, modern practices, and policy reforms to rival global leaders and drive economic growth.
Apart from administrative reforms, some of the major challenges of the micro enterprises are sustainability readiness, working capital blockage, skilled labour (for specific operations) at affordable prices, etc.
Net zero mission by MSMEs can be achieved through a strategic combination of educating based on returns to investment, demonstration, a trusted handholding-cum-technical support mechanism
India has seven apprentices, per 10,000 workers, as against a minimum target of 250 – less than 20 per cent being women.
Skill, Labour, Talent for MSMEs: As popularity and demand of ‘artisanal’ products increased, surplus labour shifted here from agricultural sector, pushing down the artisans’ wages and often also the product’s quality.
Ease of Doing Business for MSMEs: MSMEs’ scope of improvement in international markets is vast given their contribution to Indian exports at nearly 50 per cent and around 30 per cent share in the gross domestic product.
Technology for MSMEs: Access to the digital market is a function of digital preparedness. There are several struggles that create a digital divide.
The Foundation for MSME Clusters (FMC) specializes in promotion of MSMEs through cluster..
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