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MSME units are together capable of constituting a complete supply chain: MSME Secretary There is tremendous potential for Indian engineering MSMEs to be integrated into the Global Value Chain due to their manufacturing cost advantage, said Mr B. B. Swain, Secretary, Ministry of MSME. Addressing the inaugural session of MSME Conclave organized by EEPC India yesterday, Mr Swain said that for the MSMEs to achieve high growth the two most significant interventions required are related to credit a
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FAQ :
Banks and financial institutions are urged to be more discerning towards genuine exporters and to demand less collateral.
Indian engineering MSMEs have tremendous potential to be integrated into the Global Value Chain due to their manufacturing cost advantage.
The two most significant interventions required for MSME high growth are credit assistance and technology upgradation.
The MSME sector contributes around 30% to India's GDP and has a 50% share in the country's exports.
The paper suggested that India's trade regime should promote value addition, banks should be more willing to discern genuine exporters, and government policy should be stable with less intervention.
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