MSME Census in the Offing

Mumbai, India (PressExposure) August 06, 2009 -- The Ministry of MSMEs has commenced work on a census report on the MSME sector in the country to review its strengths and weaknesses. The report is being conducted with the objective of laying down a well thought-out plan for small firms to follow in order to achieve an all-inclusive growth.

“The census is being carried out to enable the Centre to undertake effective policy initiatives specific to the MSME sector in order to help them weather the ongoing global economic deceleration. The results of the census will come out very soon,” said Dinesh Rai, MSME Secretary of the Ministry of MSMEs, at a function organised by the All India Management Association (AIMA).

The census report will also include information on various aspects including production, export-import, raw material procurement by MSMEs, total value of assets, plant and machinery, products and services, net worth, loan taken by enterprises and outstanding debt. Besides, it will also provide information on the non-performing MSME units existing in the country.

“Given that the census report will entail all necessary information pertaining to the MSME sector, it will become easier for the Centre to chalk out a detailed and specific plan, whereby it can address the issues and challenges faced by the sector,” said D Singh, Head of Administration at RK Enterprises, a small trading firm in Kolkata.

Once the report is published, the Centre is expected to bring out more policy reform measures to enhance the competitiveness of the MSME sector.

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Press Release Submitted On: August 06, 2009 at 2:34 am
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