Evaluating GST in India and its Unmet Objectives

The Goods and Services Tax (GST) was introduced in India on July 1, 2017, with the promise of simplifying the country’s complex tax structure and fostering economic…

Industry 4.0: Transforming Manufacturing in the Digital Age

Industry 4.0 represents the fourth industrial revolution, characterized by the integration of smart technologies into manufacturing processes, creating a more connected and automated environment. This paradigm shift…

Production Linked Incentive (PLI) Schemes in India: Catalyzing Growth Across Sectors

The Government of India’s innovative Production Linked Incentive (PLI) schemes across 14 sections with an outlay of INR 1.97 Lakh crores has emerged as dynamic catalysts for…

5S Approach for Enhancing Efficiency and Competitiveness of Indian MSMEs

Understanding the 5S Principles In the realm of business, particularly in the manufacturing sector, the 5S methodology is recognized as a powerful tool for improving efficiency, productivity,…

Bridging the Divide: Navigating the Lack of Industry-Academia Linkage in India

India, with its burgeoning economy, stands at the crossroads of innovation and progress. However, a persistent challenge hindering the nation’s full potential is the palpable gap between…

National Apprenticeship Promotion Scheme-2 (NAPS-2)

Apprenticeship is a link between Industry and Academia as well as a time tested institution for training and introducing students to the world of manufacturing and commerce….

Prime Minister’s Employment Generation Programme (PMEGP): An overview

PMEGP is a central sector scheme being administered by the Ministry of Micro, Small and Medium Enterprises (Mo MSME).The scheme is being implemented by Khadi and Village…

Classification and Registration of Micro, Small and Medium Enterprises in India

The provisions for the classification and registration of Micro, Small and Medium Enterprises (MSMEs) are provided under sections 7 and 8 respectively of the Micro, Small and…

India’s mission to promote Innovation, special mention to MSME’s

It was assumed for several decades that India lags behind in Innovation and technological developments.  However, in a country having highest youth population, it was not possible…