Kanpur nagar district- a msmes cluster hotbed for sustainable economic growth

Abstract

Research Purpose/Scope: A dichotomy flows between the traditional Micro Small and Medium Enterprises (MSMEs henceforth) cluster and newly established cluster in the context of their emergence, evolution and growth. Now, following the path of big industries, MSME have linked itself with the economies of scale, entrepreneurship, venture capital and knowledge management Here, Kanpur Nagar District has been taken as resource region where the research reflected that this region has the potentiality to become the driver of cluster based economic growth. The research paper dealt with the economic fundamentals of region, comparative advantages of innovation and market technology factors which are responsible for the growth and sustainability of the MSME cluster in Kanpur Nagar District. Materials and Methods: The empirical study of selected MSME’s which have mutual competitiveness & repulsion has been done. The tabular data has interpreted the composition, size, situation and association of MSME’s in the region. The linear diagrams has reflected the dooming share of MSME’s specially the leather and bristle-based clusters. A need and opportunity-based model will set a functional approach for the complementarity of the market (vertically and horizontally) and capacity building of firms. Findings of the Research Paper: A declining trend has been witnessed in the MSME’s because of sick firms and factories, unavailability of skilled workers and trainers, low capital assets of firms and inefficient companies. Clustering can create an effective supply chain for the viability of the market economy. It can improve the condition of firms and pool the money for the required infrastructure and investment for further upgradation. Therefore, it becomes imperative to go for clusterization based directive policies because there is a huge scope for profit sharing between government and local artisans. Establishment of Kanpur Nagar as a MSMEs cluster hotbed, will be a new challenge with major risks and responsibilities.