Wednesday, August 13, 2014
MSMEs should be self-reliant: Shourie
Micro, small and medium enterprises (MSMEs) have become dependent on government doles and funds rather than being self-reliant, Arun Shourie, former Union Minister for Disinvestment, said here on Saturday.
According to him, innovation should take place within MSME units, just as it is the case in other South-East Asian countries. The government should act as facilitators.
“Our MSMEs are dependent on government doles; while globally MSMEs are hubs of innovation. We must wake up to reality,” he said during the 86th Annual General Meeting of the Indian Chamber of Commerce (ICC).
Shourie also stressed on the implementation of technology and R&D in the manufacturing sector and suggested that Government should welcome more private investments to implement modern technologies.
According to the veteran journalist, there was a need to strive for excellence and reduce corruption. This, he said, was the only way to leverage the advantages of the demographic dividend of the country.