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Building SMEs to win Global Markets

NSIC. Building SMEs to win Global Markets. NSIC. Scenario of SMEs in India. Over 12.8 million Small Industries. 31 million people are employed by SMEs. Contribute 40% of total Industrial Production. Accounts for 33% of India’s Exports. Contribute around 35% of total Exports.

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Building SMEs to win Global Markets

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  1. NSIC Building SMEs to win Global Markets

  2. NSIC Scenario of SMEs in India • Over 12.8 million Small Industries. • 31 million people are employed by SMEs. • Contribute 40% of total Industrial Production. • Accounts for 33% of India’s Exports. • Contribute around 35% of total Exports. • Contributes 8% of GDP.

  3. NSIC Major sectors of Exports by SMEs of India • Food Processing • Marine Products • Agricultural Inputs • Chemical & Pharmaceuticals • Engineering, Electrical & Electronics • Textile & Garments Contd…/-

  4. NSIC Major sectors of Exports by SMEs of India • Leather & Leather Goods • Bio Engineering • Sports Goods • Plastic & Rubber Products

  5. NSIC SME’s & their contribution in Indian Exports

  6. NSIC Effect of Globalization and Liberalization on SMEs in India • Stiff competition both Quality wise and Price wise. • Unprecedented opportunities with serious challenges. • Emergence of new target markets. • Opportunities to exploit technological advantages. • Technological Obsolescence.

  7. NSIC WTO norms and Indian SMEs • Emergence of Global Village. • Barriers free International Trade. • Global Competition. • Regulation of standards of quality & ownership (TPRIPS). • Regulation of Investment Flow (TRIMS). • Emergence of Service Sector. • Erosion of restrictions of Entry.

  8. NSIC Institutional Support and Government Policies for Indian SMEs • Formulation of MSMED Act 2006 • Establishment of specific funds for SME’s promotion and development. • Setting up of National Manufacturing Competitiveness Council (NMCC). • Creating awareness about intellectual property rights for SMEs benefits. Contd…/

  9. NSIC Institutional Support and Government Policies for Indian SMEs • Market Assistance and Export Promotion Support. • Support for Credit Rating of SMEs. • Benefit to SMEs under International Cooperation Scheme. • Liberalizing FDI for SMEs. • Setting up of Intellectual Property Advisory Council.

  10. NSIC How to be competitive in the Global Market • Adoption to technological changes / Technology Infusion • Vertical Integration of SMEs with Global TNC’s. • Creation of linkages, network with Foreign Buyers. Contd…/-

  11. NSIC How to be competitive in the Global Market • Adoption to Quality Management Standards & Quality Technology Tools. • Horizontal Cooperation through Clustering & Networking. • Lean Manufacturing process.

  12. NSIC Conclusion • SME’s the largest business community. • Post WTO – an opportunity for expanded International growth. • To become global player SMEs need to Adopt, Re-vitalize and Reposition. • Adoption of e.commerce as an important tool. Contd…/-

  13. NSIC Conclusion • Access to markets and technologies in today’s globalized economy. • Need for strategic approach for converting globalization challenges into opportunities. • Identification of factors affecting international competitiveness in terms of quality and cost. • SMEs to reach International market potential for their goods and services.

  14. NSIC Thank You

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