Home / Knowledge / News / Textiles / Global retailers can impart skills to MSME workers: ICRIER
Global retailers can impart skills to MSME workers: ICRIER
Dec '12
Micro, small and medium enterprises (MSMEs) in India can seek technical collaboration from overseas retailers to build a skilled workforce necessary to satisfy the quality norms set by foreign multi-brand retail firms for procurement of goods from the country, think-tank Indian Council for Research on International Economic Relations (ICRIER) has suggested.
The suggestion was made in lines with the Indian Cabinet’s September 2012 decision to allow 51 percent foreign direct investment (FDI) in multi-brand retailing, which imposes a pre-condition that global retail chains penetrating in India through FDI route shall procure a minimum 30 percent of their requirements from Indian MSMEs.
Discussing the issue of compliance of international quality norms for MSMEs, ICRIER Professor Arpita Mukherjee said there are some basic global norms that MSMEs willing to supply to overseas brands need to follow. However, variance is even observed in these standards, as at times companies set their own standards.
Speaking at the ICRIER function in New Delhi, Ms. Mukherjee said she eyes good scope for the Government to collaborate in providing skill training, particularly vocational training to workers of MSMEs to enable them to converge with global norms.
She said Indian entrepreneurs could join overseas retailers for the purpose and skill training may be imparted to MSME workers through the National Skill Development Council (NSDC).
The Council, she said promotes skill development by channelizing creation of big, quality, for-profit vocational institutions, and extends financial assistance for launching for-profit vocational training initiatives.
Ms. Mukherjee also said that several Indian and overseas firms even provide product design and technology to the MSMEs.
Though the Cabinet has opened way for allowing 51 percent FDI in multi-brand retail, it has left it to the discretion of the state governments to allow establishment of such stores in their states.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search