Activities Round Up

Date : 08 Jul to 08 Jul 2014
Place : New Delhi
Organised by : FISME

IT industry and MSMEs need to work together: FISME


Indian industry, especially MSMEs, and the IT industry stand to gain tremendously provided they work closely with each other. 

Delivering the opening remarks during launch of the NASSCOM study “India SMB market – Monetizing Emerging Opportunities”,  Anil Bhardwaj, Secretary General said that the Indian industry, especially MSMEs, are at the bottom in international productivity rankings and are finding difficult to compete.

According to Mr. Bhardwaj,  India’s position in the Global Competitiveness Index 2013-2014 stood at 60 while all our major competitors were ahead of us whether Malaysia (24); Korea, Rep. (25); China (29); Thailand (37); Indonesia (38) or Turkey (44). 

‘On the other hand our IT industry is struggling to move up to the value chain and seems to have stuck with lowest end jobs where more than 80% of our IT exports constitute of BPO and maintenance services”, he said.   

With a rare candidness, he shared MSMEs’ perception of the Indian IT sector as being ‘lazy’- for not trying hard to innovate; ‘elitist’- for not willing to join hands with informal sector and smaller enterprises and ‘manufacturing blind’- for not ready to fold their sleeves and hit the shop floor to learn and  develop high value added IT software products.  

He exhorted that India’s salvation lay in  the fusion of its IT prowess and Indian Industry. 

The study “India SMB market – Monetizing Emerging Opportunities” was later launched by Secretary MSME Mr. Madhav Lal. Shri Amarendra Sinha, Development Commissioner MSME was also present during the occasion.