 MSMEs play a vital role in the Indian economy. The sector has proved to be appropriate to address the national priorities of employment, removing poverty and regional imbalances. Government of India has been taking proactive steps in the direction of strengthening the competency of Indian MSMEs.
The Tenth Five-year plan of the Government placed heavy reliance on the MSME sector for achieving various growth parameters. Recently notified MSME Act 2006 has been another proactive step in the direction of creating enabling environment.
With intent to facilitate increased flow of credit to MSMEs and support other developmental initiatives, SIDBI is implementing a multi-agency / multi-activity flagship Project on Financing and Development of Small and Medium Enterprises in India. The World Bank, Department for International Development (DFID), UK, KfW and GTZ, Germany are the major international partners in the Project.
The promotion of market oriented BDS in selected MSME clusters is one of the components of a project supported by DFID and GTZ. The purpose of the programme is to foster a substantially improved enabling and support framework for the development of SMEs in both rural and urban areas.
APITCO has emerged as preferred bidder for engineering sector by SIDBI PMD after assessing the technical and financial bids submitted by various competitive agencies/ Organisations with an objective to strengthen SMEs' access to |
