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.
XIME proudly presents its first-ever SME Excellence Awards 2021. XIME has always focused on fostering entrepreneurship. In this trying time, we want to recognize the resilience of the SMEs – the backbone of our economy – in managing and adapting their business to a COVID world.
We have two job vacancies, one for mechanical faculty and one for electronics. The requirements are listed below. (more…)
Technology and business are always evolving. We must reskill ourselves continuously so that our skill sets and experiences stay relevant. Many companies in Electronics City possess knowledge and skills in different fields that could be of great value. We thought, why not share this knowledge? (more…)
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