MSMEs in India urged to digitalise in post-COVID world

It is “absolutely imperative” for Micro, Small and Medium Enterprises (MSMEs) to be digitised in order to pursue opportunities presented before the country in a post-COVID world, said Union Minister of State for Information Technology Rajeev Chandrasekhar.

MSMEs are at the heart of India’s ambition to become a significant player and contribute to the global supply chain, producing digital and manufactured products and services for the world, he said, according to The Economic Times.

“Fundamentally, digitising of MSMEs, digitising of your enterprise means you become more efficient than the competitor, you create more innovative products, and frankly you have access to a large network of markets than you will ever have as a non-digitised stand-alone MSME,” he said at the launch of the Smart Manufacturing Competency Centre (SMCC) in Ahmedabad. 

“This is Prime Minister Modi’s goal that digitisation of our economy will make our nation more competitive, will create more jobs, more industry, more revenues and GDP,” he noted. 

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SMCC will be a starting point to achieve the goal by engaging start-ups and technology solution providers to offer diverse digital solutions to MSMEs and manufacturing enterprises, he highlighted.