Micro, Small and Medium Enterprises (MSME) contribute nearly 45% of the manufacturing output, 40% of the exports, and 8% of the country’s GDP. They provide the largest share of employment after agriculture. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby reducing regional imbalances, assuring more equitable distribution of national income and wealth.
Electronics City is a hub for MSME’s and there is a need for strengthening this sector by providing shared infrastructure for their development. The ELCIA CLUSTER is an SPV formed by a group of ELCIA MSME’s with the purpose of creating an industrial cluster under the guidelines issued by the Ministry of MSME, CDP Scheme, Govt.of India.
The ELCIA CLUSTER has availed the benefits and incentives in the form of grants and financial assistance from Government of India (GoI) and the Government of Karnataka (GoK) for the formation and establishment of an MSE industrial cluster. The Ministry of MSME, GoI has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country.
A Common Facility Centre (CFC) is set up in ELCIA Park with funding from GoK, Ministry of MSME, GoI and from its own member organisations. Most of the Small and Micro Enterprises (SMEs) lack the required infrastructure for R&D, machining, testing & calibration of products. This leads to major restrictions on productivity, compliance, and innovation. The setting up of the Common Facilities Centre (CFC) project is aimed at addressing these problems through a cluster approach.
ELCIA is conducting a free medical checkup camp on 11th April 2019 starting 10.00 AM in its boardroom.
Kindly cascade this information among all your employees and encourage them to make use of this opportunity. Please permit your housekeeping and security people in particular to make use of this opportunity.
ELCIA invites you to an event on “GST: Implementation challenges and Way forward” being conducted by National School of Business (more…)
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