The government seeks to technically support MSME (Micro, Small and Medium Enterprises) industry. The MSME ministry has invited tenders from Central Public Sector Enterprises (CPSEs) to set up more technology centres for MSMEs. The proposal aims to boost technology adoption by increasing the number of centres to 153 from 18 centres.
The government intends to engage CPSEs for planning, designing and monitoring of civil infrastructure, procurement of machines, contract management, and providing implementation and monitoring support for the establishment of technology centres.
The MSME sector faces the non-availability of skilled workforce and technologies. The technology centres will help in technically training MSME entrepreneurs. The proposal aims at providing MSMEs with advanced manufacturing technologies and advisory support services. The target is to train 8 lakh youth in various skills.
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The government has allotted Rs 3,600 crore for technological up-gradation and infrastructure development under the proposal. The new technologies would include CAD/CAM, CNC machining for tooling, vacuum heat treatment, rapid prototyping, etc.
The government had also launched a three-year programme in tie-up with CII to promote adoption of technology among MSMEs in India. The programme called Tech-Saksham has also partnered with Dell, HP, Intel, Vodafone Idea, WhatsApp and Yes Bank to help MSMEs technologically.
At present, only 5% of the 2,700 MSMEs surveyed by Yes Bank has fully adopted digital technology such as digital banking, cloud services, ERP, CRM, account management software etc.
For any clarifications/feedback on the topic, please contact the writer at sweta.dugar@cleartax.in
I am a Chartered Accountant by profession. I specialise in personal taxes and corporate income tax matters. I am an avid reader and track developments in financial markets, economy and other market developments.
