January 12, 2011

Can India do a alibaba.com?

My experience of working with SMEs has brought out that there are several structural and strategic challenges that keep the SMEs away from success in the global markets. I would make two points in this regard in this note. 

Firstly, its the trust deficit and lack of intra-SMEs cohesiveness approach to present themselves as a leveraged group to the global markets. How many clusters have we formed in last few years?

Secondly, Its the crass incompetency on the part of the officials at MSMEs, industry organisations (like FICCI, CII) etc in giving minimum promotional support to the SMEs.Why don't our industry associations  and MSME, have not cared to create an online directory for SMEs so that buyers could find them on the net? Unfortunately i have personal experience of a couple of cases where State electronic development corporation partnered with an entrepreneur, PPP model, for creation of such a directory and in both cases they have failed because the objective was to make money not promote the SMEs. Maharashtra is the only state where we have a directory of the SME. Others state industry departments could show you their large & medium companies directory but no one has one on the SMEs.

Our SMEs require positive contribution by some competent hands in the government to be able to survive. We the land of SMEs have bleak future

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