Indian MSMEs to embrace sustainability & inclusive development

By OEM Update Editorial July 8, 2019 3:41 pm IST

Indian MSMEs can play a significant role in establishment of an inclusive and sustainable industrial development (ISID) as propagated by the UN.

Focusing on “With a focus on augmented manufacturing in future, UNIDO stands for strengthening the workforce and plants, producing quality products are addressing the challenges faced by the people. The idea of sustainability has economic, social and environmental considerations and in UN’s bid towards meeting various sustainable development goals (SDGs).

There exists an inconsistency in adopting the technology advancements, awareness and acceptance for the same, as a part of inclusive development across the MSMEspectrum, some Indian MSMEs profess a negative perception that the whole idea of sustainability may hamper their business interest, wherein it will not. Though there are a couple of challenges in reaching out to MSMEs that are unwilling to try out new production models and methods. However, a majority of businesses are at the initial stage of adopting environmental responsibility.