( from left ) Rajeev Kaul, MD, Aequs Restricted; Vijay Peri, Vice President, India Industrials, Zetwerk Manufacturing Companies; Digbijoy Nath, Co-founder, CTO, Agnit; and Sumeet B Patil, Head- Operations, Ethereal Machines and M. Ramesh, Consulting Editor, The Hindu businessline, at a session on MSMEs : Powering Make in India on the hindu businessline MSME Progress Conclave Bengaluru 2025
| Picture Credit score:
BIJOY GHOSH
The stage is ready for MSMEs to develop in India as a lot of the schemes have been useful to the expansion of the sectors, at the same time as finance continues to be a problem, opined stakeholders.
Taking part in a panel dialogue on “MSMEs: Powering Make in India,” Rajeev Kaul, Managing Director, Aequs, “In India, if now we have to do one thing, we have to have a complete aim.”
Kaul mentioned globally, the MSMEs contribute round 60-65 per cent of GDP in nations corresponding to China, Europe, Japan and US amongst others. “Nonetheless, in India we’re solely at 30% of GDP as a result of that’s how traditionally the industries have entered. So in India, if now we have to actually do one thing, now we have to actually have a look at a lot bigger image. As a rustic, we must always have a complete mission and aim,” Kaul mentioned.
Contribution of MSMEs to the GDP
He additional added that the contribution of MSMEs to the GDP to extend to at the very least 50 per cent.
“Although the schemes are useful to the MSMEs, the efficacy of the schemes have to be checked,” mentioned Sumit B Patil, Head Operations Etereal Machines.
Replying to a query, Vijay Peri, Vice President, India Industrials, Zetwerk Manufacturing Companies mentioned finance continues to be essentially the most elementary problem for the MSMEs. Additional, Peri mentioned for Indian MSMEs, steady innovation is not any extra a selection, however has change into the necessity, he added.
Within the context of ‘China plus 1’ technique, Peri mentioned, “India has change into the vacation spot for client or industrial items. China will not be being checked out an alternate, however gamers are diversifying the present provide chains. Whereas China plus 1 technique gave visibility to India, the tariffs and present geopolitical scenario is giving us the urgency,” Peri added.
Digbijoy Nath, co-founder, CTO, Agnit, mentioned the Authorities schemes have been useful lots for the MSMEs, however the danger urge for food have to extend. “I feel the danger urge for food has to extend when it comes to funding tasks which might be extra bold in scope and likewise wanting past silicon,” he mentioned.
M Ramesh, Consulting Editor, businessline, moderated the panel dialogue.
Printed on June 25, 2025
