Small Enterprise to host a webinar on the occasion of the International MSME Day on 27 June 2022.

Micro, small and medium-sized enterprises (MSMEs) constitute an integral component of any economy. A resilient MSMEs sector is a catalyst for stimulating innovation, sustainable economic growth, domestic demand and inclusive growth in an economy. In the Indian economy, MSMEs are essential for development as they create jobs across different industries, improve value-added and influence trade; these invaluable contributions are central to the efforts to achieve inclusive growth.

The webinar will allow MSMEs to share their insights with industry experts on how they are managing the health, social and economic challenges related to the pandemic are extremely valuable. More broadly, to better understand their challenges, concerns and opportunities, this webinar aims to identify innovative approaches to support MSMEs in their efforts to contribute to the national economy and to strengthen frameworks, which address the needs of MSMEs.

India is a consumption-driven economy. This is probably the biggest benefit we can leverage to create our growth story. Producing high-quality goods is no longer an option, as customers have gotten used to global quality standards, but we must encourage and take pride in what is made in India. Meanwhile, though the Indian industry must be competitive, it must simultaneously be protected from low-cost unfair import dumping, so that it can survive in the first place.

Collaboration among industry and commitment to supporting each other with business is likely to be one of the biggest factors for growing the industry. In the German development program, the state institutions, academia, and the entrepreneurs had a close collaborative relationship. This needs to be replicated in India too. Each major national institution should have a special cell that promotes an Atmanirbhar Bharat, in which any process hurdles in dealing with the institution would be addressed and dealt with. Continuous vendor development programs encouraging Indian entrepreneurs should be a part of ongoing activity.


While the role of MSMEs is often highlighted in the context of their contribution to employment, economic growth and balanced regional development, it is important that these enterprises are sustainable and can deliver scale. Even though contributing significantly to exports, Indian MSMEs are still not regarded as a force to reckon with in the international markets. Looking ahead, the challenges are in building the next generation of MSMEs that can function as the powerhouse of the economy. With intense competition at the global level and the demands arising from globalisation, it is now imperative for Indian MSMEs to demonstrate greater competitiveness, position themselves strategically and leverage their engagement in global value chains (GVCs).

To attend the webinar, REGISTER NOW

Date: 27 June 2022

Time:  4.00 pm – 5.30 pm


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