The MSME sector is acknowledged as the backbone of the Indian economy for its crucial role in equitable growth and social inclusion. The merit of the sector lies in its spread in terms of employment potential and improving the standard of living, especially for the marginalized and those living in challenging terrains. MSME can take pride in producing almost 6,000 products in addition to services.
To enable the MSME sector to achieve its full potential, the government has prioritized favorable policies and schemes for MSMEs. Programs such as Startup India, MUDRA loans, and Make in India also assist by promoting young entrepreneurs with innovative and unique ideas.
CII has a strong bias towards MSME with a large section of its membership from the sector. We are relaunching the MSME Business Newsletter to keep MSME updated about recent trends and policy changes as well as key challenges and opportunities in the sector. The newsletter would focus on a particular segment of the sector in each edition to aid in defining the way forward. In addition, it would also discuss the schemes relevant to the sector and the selected segment.
This present edition of MSME Business explores the key challenges and opportunities in the Textile sector. In addition, it also features a special article on Malkha – an exquisite textile produced by combining MALmal and KHAdi. The high-quality textile produced through micro spinning technology is known for its rich fabric quality and softness, and is produced in Andhra Pradesh, Maharashtra, Odisha, Karnataka, Kerala and Tamil Nadu. The newsletter also covers recent CII initiatives for MSME and details of upcoming events.