MSME
apprenticeship may become shorter, better-paid
Extract from the article:
The article highlights the significant role
Micro, Small, and Medium Enterprises (MSMEs) play in India's economy, with 64
million MSMEs employing 23% of the country's labor force, equating to 110
million workers.
These enterprises contribute substantially to the country's
GDP, representing 27%. The article emphasizes the need for enhancing the
apprenticeship programs within MSMEs by potentially shortening the duration and
increasing wages.
These proposed changes aim to attract more talent to the
sector, thereby fostering skill development and economic growth.
In addition, the article underlines the vast
potential of the MSME sector in job creation and economic development. By
focusing on improving export capabilities and efficiency within these
enterprises, it is suggested that a significant increase in job opportunities
could be realized.
The article calls for strategic governmental support,
including tax incentives and simplified export procedures, to unlock the full
potential of MSMEs in driving job creation and economic prosperity.
My Take:
Re-Inventing
of Business……19/08/2016
"Reflecting on my previous blog on the exponential
growth possibilities of MSMEs through enhanced exports, the current discussion
on upgrading apprenticeships within these enterprises resonates deeply.
By increasing export levels and focusing on skill
development through improved apprenticeship programs, the MSME sector can truly
harness its potential for job creation and economic growth.
The emphasis on government support, such as tax exemptions
for MSMEs, aligns with my earlier call for significant reforms to propel these
enterprises forward."
Only
MSME Can Create 13 Million Jobs……05/06/2017
"The pressing need to rethink export strategies and
empower MSMEs to create millions of jobs echoes the sentiments expressed in my
previous blog regarding the untapped potential of these enterprises.
The article's advocacy for simplifying export procedures
and granting GST exemptions to MSME exporters reflects a step in the right
direction towards realizing the job generation capacity of this sector.
It is encouraging to see discussions aligning with the
urgency I highlighted in my earlier writings about leveraging MSMEs for
significant job creation."
Call to Action:
To the Indian Government and policymakers, it is
time to take decisive action in supporting the MSME sector by implementing the
proposed reforms to enhance apprenticeships, streamline export processes, and
provide essential tax incentives.
By empowering MSMEs, we can not only boost job creation but
also catalyze economic growth and innovation. Let us seize this opportunity to
strengthen the backbone of our economy and create a thriving environment for
small businesses to flourish.
With warm regards,
Hemen Parekh
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