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Know About CII Survey Highlights on Indian MSMEs

The CII MSME survey was conducted including the responses from a wide range of industry groups and activities of the Micro, Small and Medium industry members of the CII throughout India. According to the CII MSME survey it was found that infrastructure development was one of the most important factor of the MSMEs in India. The infrastructure development includes set up of industrial estates and facilities such as power, road and others. About 81% of the surveyed respondents suggested that infrastructure development is the foremost important factor.

It was estimated that the next important factor was the simplification of labour laws which was promoted by 75% of the MSME respondents. It was followed by the promotion of innovation and cutting edge technology which was revealed by 58% of the MSME respondents.

The report revealed that the factors such as high cost of credit, procurement of raw material at a competitive cost and delayed payments in decreasing order of importance were responsible for the inhibition and growth of MSME sector. The high cost of credit was found to be the most important factor by about 79% of the MSME respondents, followed by procurement of raw material at a competitive cost by 64% of them and delayed payments by 55% of the respondents.

The benefits of the National Manufacturing Competitiveness Programmes (NMCP) schemes was availed by only 5 to 10% of the MSME respondents. However, the benefits were not availed by 60 to 70 % of MSME respondents. The study was also made on the concept of registration of the MSMEs under the MSMED Act 2006. The study revealed that 47% of the MSME respondents were registered and 30% were not registered.

Updated: February 8, 2011 — 2:42 am

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