ET MSME Awards 2023: Experts unveil the path for MSMEs in crafting India's manufacturing success from local to global triumph
The ET MSME Awards 2023 serves as a beacon, illuminating and honouring these unsung heroes for their exceptional contributions. Now in its fourth edition, this distinguished event has evolved into a platform that magnifies the brilliance and resilience inherent in MSMEs.
Envisioning over 15,000 participants from every nook and corner of the nation, these awards resonate with the spirit of growth and unwavering determination within this indispensable sector.
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Recently, in a compelling conversation titled 'From Local To Global: The Role of MSMEs in Shaping the Future of Indian Manufacturing', luminaries such as Ponnuswami M, Founder & MD of Pon Pure Chemicals Group and Co-Chairman of CII MSME National Council, and Hema Annamalai, Co-Founder & Vice Chair of Green Collar Agritech Solutions delved deep into the essence of MSMEs' transformative potential.
For generations, Indian policymakers have grappled with the manufacturing sector's contribution to the nation's GDP, yet its share has remained stagnant while services dominate and agriculture sustains many livelihoods.
Despite challenges, both the government and industry leaders champion India's potential as a manufacturing powerhouse. They emphasise three key elements: domestic demand, government initiatives, and a vibrant youthful workforce, aiming to achieve a trillion-dollar manufacturing capacity by 2030.
In the recent episode of the ET MSME Awards 2023 — Jury Dialogues, Ponnuswami M and Hema Annamalai delved into the strategic significance of this sector. How might manufacturing drive India's economic growth and job creation in the coming decade, transitioning from local to global prominence? What role can MSMEs play in shaping the
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