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.
Do you want to take your business to the next level?
This is time for a brand new journey to be explored!
Registering to the webinar – https://jensource.in/event/business-directions-designer-services-webinar-4/
Our ex-ELCIA board member Mr. Ram Ramakrishnan will conduct the webinar on the 7th of August, 2020 between 3 PM to 4 PM.
The three-step approach formulated by Jen Source will help business owners and entrepreneurs to put in place plan ‘RSG-Reimagine/Restore, Stabilise, and Grow’ through our Unique framework “HEART.”
This framework will provide a step by step guide to designing your business directions in a professional, systematic, and a sustainable manner.
This webinar would be an absolute treasure to set up the right trajectory for growth for your business.
The program will be conducted online. On successful registration, the webinar link will be shared.
Who Can Benefit?
Business owners and entrepreneurs of Small, Micro, and Medium enterprises who would like to improve their business growth.
There are many benefits to MSMSs with TReDS. The platform essentially brings together 3 stakeholders – Buyers (Large / Mid corporate’s, PSU / Govt entities, MNCs, etc), Sellers (MSME Vendors or suppliers of these Buyers), and Financiers (Banks, NBFC Factors).
ELCIA in association with XIME has organized a session on ‘Demystifying Government Support Schemes for MSMEs’.
View all »