Page 19 - MSME August 2016
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Article MSME is the Key to India’s Growth Story – Suresh Tripathi Indian economy, unlike most of the developed economies, has leap forged from an agri-based economy to services-based economy, skipping the Industry- based economy. The Prime Minister’s ‘Make in India’ call is a clever policy effort to bridge this gap. However ‘Make in India’ would merely become a slogan if we don’t aggressively incubate entrepreneurship in our people. The Prime Minister’s ambitious ‘Skill India’ mission is just the right step in that direction as it would help convert thousands of job seekers into job providers. ndia is at the cusp of an economic revolution. The the Indian and international markets. country badly needs development, work, jobs Iand financial confidence. Our Prime Minister PPP Model has succeeded in global positioning of India as a As envisioned by the Prime Minister, there has strong economic power. The government is acting to be a comprehensive plan to help build an eco- as a willing facilitator to promote economic activity system to create thousands of trained entrepreneurs that would lead to growth. Against this back drop, who will in turn provide millions of jobs to the conceiving and developing ideas which would skilled work force of our country. A PPP model, enable people to create products and services to would be the best suited to our vast country to benefit all is of utmost importance for those who systematically foster entrepreneurship. wish to participate in this rush for progress and prosperity. This eco-system involves identifying right candidates, training and incubating them to turn Indian economy, unlike most of the developed into entrepreneurs, arrange for funding to set economies, has leap forged from an agri-based up manufacturing units post the incubation and economy to services-based economy, skipping constantly providing them management guidance the Industry-based economy. The Prime Minister’s to grow. Eventually, world class, successful ‘Make in India’ call is a clever policy effort to entrepreneurs would be produced year after year bridge this gap. However ‘Make in India’ would to propel the state’s growth story. merely become a slogan if we don’t aggressively incubate entrepreneurship in our people. The Steps to be taken: Prime Minister’s ambitious ‘Skill India’ mission is just the right step in that direction as it would help Spreading the Message convert thousands of job seekers into job providers. A communication strategy to weave a dream of being a successful businessman/woman will How to implement the vision be the stepping-stone of this plan. Hundreds of “Make in India” is a tailor made call for engineering and management schools,which have India’s industries. The MSME sector in India has mushroomed over the past decade-and-a-half, face tremendous growth potential. MSMEs contribute the impossible task of placing the students in their 45% to the industrial output and 40% to exports, expected level of jobs after their graduation/post and create more than one million jobs every year. graduation. This is clearly a near impossible task. They produce more than 8,000 quality products for The bubble of this kind of education has burst and August, 2016 17
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