“Local Demand for electronics good is increasing exponentially and will need major manufacturing plants to manage the demand”, reads the headline. It highlights the initiative of ELCIA Cluster in helping Indian micro, small and medium enterprises to design and develop innovative products, and increase business by augmenting manufacturing at relatively low cost.
Highlights from the interview:
ELCIA Cluster set up the common facility center (CFC) for MSMEs under CDP scheme of Government of India to help MSMEs to design and develop innovative products and to increase business by augmenting manufacture.
CFC center is now operational and is being used by MSME companies.
Small companies can use the facility for R&D and small volume manufacture without much investments. This will encourage startups to build innovative products.
All the equipment is in place and members have started using them.
Urges and hopes for the facility to be harnessed by many more related players and facilitate generation of newer products and components.
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Financial planning is very much needed in this era. To give insight into financial planning, ELCIA is conducting a session on 19th September 2019 at 11 AM at the ELCIA board room.
ELCIA Cluster is an initiative by ELCIA , GoK and GoI to assist the MSME’s. The main objective of the Common Facility Centre is to assist MSMEs conduct R&D, build prototypes, augment the present production facility, assist in the marketing and training.
Prin. L. N. Welingkar Institute of Management Development and Research (WeSchool, Bangalore) is conducting an Executive Education Management Program (EEMP).
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