MSME Day 2023- Spotlights the Resilience of Small Businesses
The Ministry of Micro, Small, and Medium Enterprises (MSMEs) in India is all set to celebrate Udyami Bharat-MSME Day on 27th June 2023 at Vigyan Bhawan in New Delhi. Aligned with the theme of "Building a Stronger Future Together," this event coincides with World MSME Day and aims to highlight the importance of collaboration in empowering MSMEs. In the wake of the global pandemic, MSMEs have faced unprecedented challenges. However, they have also demonstrated remarkable resilience and adaptability. The Ministry of MSME recognizes the vital role that MSMEs play in driving economic growth, fostering innovation, and creating employment opportunities. With Udyami Bharat-MSME Day, the Ministry aims to celebrate the achievements of MSMEs and reinforce its commitment to supporting their growth and development.
Creating employment opportunities is one of the key focuses of Udyami Bharat-MSME Day. MSMEs have long been recognized as significant contributors to employment generation, particularly in rural and semi-urban areas. The government aims to build on this foundation and promote inclusive growth by nurturing and supporting MSMEs. By highlighting the role of MSMEs in job creation, the celebration seeks to inspire and encourage further expansion in this sector. Enhancing productivity and competitiveness is another critical aspect of empowering MSMEs. The Ministry of MSME understands that improving the productivity of MSMEs is vital for their sustainability and growth. Through initiatives such as skill development programs and technology adoption, the government aims to equip MSMEs with the necessary knowledge and tools to thrive in a dynamic business landscape. Access to finance and infrastructure development are also key areas of focus, as they play a crucial role in enhancing the competitiveness of MSMEs.
Collaboration and partnerships are central to the theme of "Building a Stronger Future Together." The government recognizes that collective efforts between governments, industry associations, financial institutions, and other stakeholders can provide MSMEs with access to expertise, technology, and markets. By fostering collaboration, the Ministry aims to create an environment where MSMEs can scale their businesses, expand into new territories, and succeed on a global scale. Udyami Bharat-MSME Day serves as a platform to showcase the government's commitment to creating an enabling environment for MSMEs. The Ministry has introduced various reforms to simplify regulations, enhance the ease of doing business, and promote digitalization. This celebration not only recognizes the contributions of MSMEs but also serves as a call to action, urging all stakeholders to come together and support the growth and development of MSMEs.
Bridging the Digital Divide
India's micro, small, and medium enterprises (MSMEs), encompassing approximately 63 million small businesses, are pivotal to the country's economy, contributing 30% to the GDP and 45% to manufacturing output. However, despite their significance, the digital transformation of MSMEs lags behind attributed to structural handicaps such as limited resources, financial constraints, inadequate digital infrastructure, and a lack of digital literacy. Bridging this digital divide necessitates concerted efforts, including providing support and resources for digital up skilling, raising awareness, and ensuring affordable access to digital infrastructure. By embracing digital technologies, MSMEs can enhance productivity, expand market reach, and drive innovation, underscoring the urgency for collaborative initiatives to empower MSMEs and enable them to thrive in the digital era.
Mr. Vishal Rally, Senior Vice-President - Product, Commercial and Marketing, Tata Teleservices said, “On MSME day, we recognize and celebrate the immense contribution of MSMEs to the economic growth of the country with their entrepreneurial spirit and creating opportunities for communities. At Tata Tele Business Services (TTBS) we are committed to supporting MSMEs in their growth and success. We understand that in this digital age, they require advance technology solutions to compete effectively in the market and grow their business. With our customer-centric approach and cutting-edge solutions, we empower MSMEs to simplify and accelerate their digital transformation journey, harness the true potential of their workforce, and unlock remarkable innovation. Together, we strive to forge a digital ecosystem that champions MSMEs' growth, resilience, and prosperity, propelling India's economy to new heights.”
Mr. Joyjeet Bose, Sr. Vice- President, Tata Teleservices said, "We recognize the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) in driving country’s economic growth, creating employment opportunities while nurturing local communities. We understand the unique requirements and challenges faced by MSMEs in today’s digital landscape and as their trusted digital enabler guide them through the digital transformation journey. At Tata Tele Business Services (TTBS), we are committed to providing robust digital infrastructure to empower MSMEs compete on a global scale. We remain investible in cutting-edge technology, offering innovative and affordable solutions, and delivering unmatched customer experience to meet the evolving needs of the MSME sector.”
Mr. Girish Rowjee, the co-founder and CEO of greytHR said, firmly believes that technology and data analytics are shaping the future of HR operations. He emphasizes the growing adoption of AI-powered HRMS tools among MSMEs, enabling them to automate hiring processes, implement data-driven strategies, and make informed decisions while optimizing costs.
With a focus on collaboration, the event highlights the resilience of MSMEs and their vital contributions to the economy while also emphasizing the need for collective efforts to create employment opportunities, enhance productivity, and bridge the digital divide. By fostering partnerships, supporting digital transformation, and providing necessary resources, the government aims to create an enabling environment for MSMEs to thrive, driving inclusive growth and building a stronger future together.
