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| Enhancing the Competitiveness of SME"S with ICT |
As global competitiveness becomes a reality, Small and Medium Enterprises (SMEs), specially in the manufacturing sector, face a huge challenge.
In the earlier protected economy scenario, even inefficient SMEs in the manufacturing sector managed to be profitable. But with the global competition arriving, Indian SMEs need to continuously reinvent themselves to stay competitive, efficient and profitable. |
| | Driving Growth Through ICT |
Many studies conducted worldwide on the SME sector have revealed a direct co-relation between competitiveness and ICT penetration. The more an SME harnesses the power of ICT, the more it has been found to be competitive.
In India, while the large manufacturing units have taken to ICT in a big way, the SMEs are yet to reap the benefits of ICT on a large scale. This has led to a ‘competitiveness gap’ and the SMEs now need to concentrate on adopting ICT to bridge the distance between them and the world. This is imperative, if India is to grow as an economy. |
| | Driving Growth Through ICT |
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ICT capital contributes positively and significantly to output and productivity of SMEs
Contact or exchange of information between producers, exporters and consumers helps to improve trade performance by creating mutual awareness of products, quality and market conditions. |
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