What’s Next for MSME
Adopting Industry 4.0 in MSMEs - The Way Forward in Post Pandemic World On May 12, the Prime Minister of India, Shri Narendra Modi, in his COVID lockdown address asked the nation to be self-reliant. PM Modi was heard saying ‘be vocal for the local’ to emphasise the need for using indigenous products which would not only reduce our massive import bill but sustain our industrial sector especially Micro, Small and Medium Enterprises (MSMEs). He announced a ₹20 lakh crore economic package which included a major stimulus to the post pandemic industrial world. Soon after, the Ministry of Finance announced…