Abstract
Micro, Small and Medium Enterprises (MSMEs) in India have been evolved considerably since independence of india. Merely from being referred as the Small Scale Industries (SSI) sector in the 60s and 70s, the MSME sector has progressed in large scale and in the scope of business activities over the years. Today, MSMEs are present throughout the sectors (manufacturing, trade and services) in India. Thereby constituting a very formidable component of the country?s outstanding economic growth. The key achievement of MSMEs over time has been their talent in utilizing available domestic resources to deliver quality products and services, these firms have made their presence felt across India?s key sectors as well as in prominent export markets. MSMEs have also made contribution on a range of issues, from industrial progress to entrepreneurship and from job creation to economic empowerment. It can be felt by the fact that around 50.0 per cent of MSMEs in India are owned by underprivileged groups. Since sector has low capital structure, coupled with high labour absorbing power, the sector has played a noteworthy role in achieving rural industrialization as well. The MSME sector remains a key driving force for India?s complete transition from an agrarian economy to an industrialized one. Hence, MSMEs have been awarded a host of incentives by governments across India. A number of other organizations in the private and non-profit domain have also been aiding MSMEs to remain competitive in a more globalised economic order. About MSME it is said it is more scattered and heterogeneous sector. So in order to grow and develop the industry in the sector the cluster approach has taken the birth. Government banks financial institutions are promoting developing encouraging the systematic approach of developing the concept of cluster. The clusters have lot potential. The approach can help for development of MSME as well as industrialization and development of economy. MSME Cluster Products Contribution Development Promotion Government industries. MSME Overview India Brand equity fund literature Office of DC MSME, Ministry of MSME, Government of India Fourth Census Report 2006-07 [Shashikant magar. (2017); CLUSTER APPROACH FOR DEVELOPMENT OF MSME SECTOR IN INDIA Int. J. of Adv. Res. 5 (Nov). 414-420] (ISSN 2320-5407). www.journalijar.com DR.SHASHIKANT MAGAR SUKARI INDUSTRIES LTD.
Highlights
MSMEs have made contribution on a range of issues, from industrial progress to entrepreneurship and from job creation to economic empowerment. It can be felt by the fact that around 50.0 per cent of MSMEs in India are owned by underprivileged groups
The MSMEs are involved in production of over 6000 products, from simple consumer goods, such as leather articles, plastics and rubber goods, fabrics and ready-made garments, cosmetics, utensils, sheet metal components, soaps and detergents etc. to highly precision and sophisticated end-products, such as television sets, electronic desk calculators, microwave components, air conditioning equipment, electric motors, auto-parts, drugs and Corresponding Author:- Dr Shashikant Magar
MSMEs located in different cities/states/regions specialize in manufacture of different kinds, which depends on the availability of skilled manpower and raw material required to manufacture that product
Summary
Received: 06 September 2017 Final Accepted: 08 October 2017 Published: November 2017 evolved considerably since independence of india. Throughout the sectors (manufacturing, trade and services) in India. The key achievement of MSMEs over time has been their talent in utilizing available domestic resources to deliver quality products and services, these firms have made their presence felt across India’s key sectors as well as in prominent export markets. MSMEs have made contribution on a range of issues, from industrial progress to entrepreneurship and from job creation to economic empowerment. It can be felt by the fact that around 50.0 per cent of MSMEs in India are owned by underprivileged groups. In order to grow and develop the industry in the sector the cluster approach has taken the birth. Table below provides list of various products manufactured by MSMEs in different states
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