Affordable Knowledge Transfer Can Save MSMEs
Maharashtra is one of the most industrialised states in India. Every major town and city in the state supports a well planned industrial area developed by Maharashtra Industrial Development Corporation (MIDC). MIDC provides businesses with infrastructure such as land (open plot or built-up spaces), roads, water supply, drainage facilities and street lights. What I mean to say is that there is government support for industrialisation in the state.
Despite all the support provided by the Government, today “The Times of India” reported today that the state government has declared 70,000 out of 233,000 Micro and Small Enterprises (MSEs) registered in the state as sick. That is a whopping 30% companies.
MSEs are, as the name suggests small enterprises with limited resources. The three main resources required to operate any enterprise are land, labour and capital. Out of these, capital plays a very important role because acquisition and retention of land and labour would depend on the funds that are available with firms. The funds are required for procuring raw material, paying salaries, paying power bills, marketing etc which are all essential for running the business.
However, in today’s competitive world, products and technologies become obsolete fast and to keep a business relevant and hence successful it is essential to keep track of various technical developments taking place in the chosen sector as well as to search and execute new business opportunities. These activities may not appear to be part of the core business of producing and selling products, but are extremely essential for sustenance of the business.
The first casualties when the business slows down are training, R&D and marketing. However, these are essential for future growth of the business. People with experience in running successful businesses, with technical background and with global exposure are few and cost money to hire. MSEs are obviously not in a position to hire and keep such people on roll. But they need them to grow and to turn around their businesses when required. So, they need such people on demand.
For growth of MSEs it is essential that the learning from bigger corporate percolate down to them on demand and at an affordable cost. This is where Business Solutions companies like Adler Technoserve come into play.
We comprise a group of professionals with backgrounds in engineering, marketing, sales and operations. Our associates have more than 70 years cumulative experience in design operation and maintenance of technical systems and more than 100 years of cumulative experience in Indian business. Our associates have worked in global as well as Indian multinational companies and have a wide experience of the global business environment and processes.
We aim to study and resolve the various business and technical challenges faced by MSEs, including training, and resolve them. We not only provide Business Solutions and Technical Solutions but also hand hold companies in implementing them. We aim to reduce the number of sick companies in India and thus assist the country in our own way in generating jobs and Make in India campaign.