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Startling findings unearthed from survey of MSMEs
15 Dec '08
6 min read
a. Update and modernize labour laws to balance employees and employers
b. Setup fast track courts for quick decisions
7. On Social Infrastructure:
a. Develop a MSME Ombudsman organization
b. Setup methods to electronically register complaints and concerns with local government bodies
c. Continuously monitor policy progress
Approach:
By performing this research, Milagrow wishes to strengthen its public-private partnership, and in the process, provide practical insight into the struggles of small-scale industry in India, and ways in which the government can provide support. This particular study focuses on the microcosm of the capital region, though its findings may, and should, be applied to small business practice across the nation.
Issues that small business entrepreneurs face in the North and South have numerous commonalities, whether the issue is that of infrastructure, overseas competition, gradual and certain profit erosion, or corruption. These very issues plague small industry in all sectors and in all states.
Knowledge that may be extracted from this study is not to be regarded as exemplary only of a unique set of circumstances; duly addressing the concerns it raises can mean survival to hundreds of thousands of struggling small businesses in the entire Indian subcontinent.
b. Setup fast track courts for quick decisions
7. On Social Infrastructure:
a. Develop a MSME Ombudsman organization
b. Setup methods to electronically register complaints and concerns with local government bodies
c. Continuously monitor policy progress
Approach:
By performing this research, Milagrow wishes to strengthen its public-private partnership, and in the process, provide practical insight into the struggles of small-scale industry in India, and ways in which the government can provide support. This particular study focuses on the microcosm of the capital region, though its findings may, and should, be applied to small business practice across the nation.
Issues that small business entrepreneurs face in the North and South have numerous commonalities, whether the issue is that of infrastructure, overseas competition, gradual and certain profit erosion, or corruption. These very issues plague small industry in all sectors and in all states.
Knowledge that may be extracted from this study is not to be regarded as exemplary only of a unique set of circumstances; duly addressing the concerns it raises can mean survival to hundreds of thousands of struggling small businesses in the entire Indian subcontinent.
MIlagrow
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