CII Recommendations for the Growth of SME Sector in India

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CII Recommendations for the Growth of SME Sector in India. This was presented by Mr T T Ashok, Co Chairman, CII National SME Council to the Hon'ble MSME Minister at the Special Session with the minister on 16 June 2014 in New Delhi.

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CII Recommendations for the Growth of SME Sector in India

  1. 1. © Confederation of Indian Industry CII Recommendations for the Growth of SME Sector in India Mr T T Ashok Co Chairman, CII National SME Council
  2. 2. © Confederation of Indian Industry SME Sector: An Overview • Contributes 9% of GDP • 45% of manufacturing output • 40% of total value of exports • Over 100 million employment • 95% of total industrial units • A product range of 6000 products across the spectrum • 32% in Manufacturing & 68% in Services Sector • Recorded constant growth of over 10% (19% in 2011 – 12)
  3. 3. © Confederation of Indian Industry VISION “Enable SMEs to contribute 15% of the Country’s GDP by 2020”
  4. 4. © Confederation of Indian Industry SHORT TERM RECOMMENDATIONS 1. Revise the Definition of SMEs in keeping with current business challenges and Opportunities 2. Step-up the monitoring of implementation of Public Procurement Policy by Central Government Undertaking 3. Address the issue of Delayed Payments 4. Improve and ease institutional credit flow to SMEs 5. Business Mentoring Forum and Advisory services for SMEs
  5. 5. © Confederation of Indian Industry 1. Implement the Recommendations of the “Inter Ministerial Committee Report on “Accelerating Growth of SMEs in Manufacturing” 2. To Implement recommendations of the Inter Ministerial Committee report on ”Boosting Exports from SME Sector” 3. Scaling up of the SME Cluster Development Programme 4. Return filings to be e-Enabled at all levels MEDIUM TERM RECOMMENDATIONS
  6. 6. © Confederation of Indian Industry LONG TERM RECOMMENDATIONS 1. Simplify and rationalize labour laws pertaining to SMEs 2. Accelerate infrastructure development to drive SME growth 3. Clear Exit Policy for SMEs on a long run
  7. 7. © Confederation of Indian Industry THANK YOU

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