Ficci Recommends To Boost SMEs

New Delhi: The Federation of Indian Chamber of Commerce and Industry (Ficci) has suggested a five-point strategy to boost development of small and medium enterprises (SMEs) via the cluster-based approach. These points are technology and quality upgrade, low-cost financing, linkages between Indian and overseas SME clusters, marketing and export promotion and training, and skills upgrade. It is of the view that lack of an inter-institutional synergy, dearth of committed NGOs and industry bodies, and paucity of good service providers has led to limited success of various initiatives undertaken so far.