As per some unconfirmed reports, there are more than 25 lakh Small and Medium scale Enterprises in India. These enterprises offer a diverse range of services and products. However, one of the main issues facing these industries is the lack of exposure to international level best practices. Practices that could help them achieve better efficiency and scale. For such enterprises, now there is some good news. The Indian Institute of Management (IIM), Calcutta and the Indian Institute of Technology (IIT), Madras along with Shobishiba, a Japanese management consultant have come together to devise a training program for these Indian SMEs. According to this article in The Mint, the program will help the enterprises in identifying the gaps in their practices in comparison to those in the developed nations and will train them in how they could bridge these gaps and attain better standards.
The programme would start with 15 firms initially and the volume of participation would grow later depending on the success of the maiden run.“Our aim is to help Indian SMEs understand why they trail the best SMEs in the world, and what they could do to achieve the same standards,” said Ramesh Datla, chairman, CII MSME (micro, small and medium enterprises) Council.
We at The Better India believe that such a training program was long due. It will help us not only to scale greater heights, but will also ensure that the entrepreneurial spirit of these workers will now get a better and organized channel to harness their own talent.