The MSME sector is responsible for contributing as much as 8% to India’s GDP, adding 40% to the country’s total exports while witnessing a consistent growth of 10%. It plays a crucial role in the socio-economic transformation of India.
The MSME sector faces challenges at multiple levels ranging from business processes to amenities to credit gaps. The government’s “Make in India” envisions growth and proliferation of this industry in the coming years. Real estate enterprises have seen increased interest from the government in setting up the parks. Industrial Parks offer comprehensive facilities capable of scaling as per the size of operations and a gamut of attractive facilities in order to promote industrial growth. The MSME owners can setup their complete infrastructure within the parks that provide excellent access to transport coupled with state of the art facilities.
Challenges for the sector include ease of doing business, faster clearances and freedom from red tape regulations. The “Make in India” project enables these opportunities to this category of enterprises to scale their business spanning across multiple sectors.
MSME’s can be equipped for efficient industrial operation through industrial parks which are strategically located along with the latest technologies and infrastructure.
Hence, Industrial Parks can play a vital role in creating a conducive environment to enhance productivity for this sector.