The micro small and medium enterprise (MSME) sector grapples with the high cost of credit, difficulty in hiring skilled manpower, and complex regulatory procedures. However, many small firms which chose to manufacture goods that can be mass-produced suffer from the existential crisis. Large busin…
Tag: Mittelstand
Can India produce global start-ups?
In October 2015, the IT industry body Nasscom proclaimed that India had overtaken Israel to become the third largest ecosystem with 4,200 start-ups, next only to the US and the UK. Some of these start-ups operate globally and are valued at several billion dollars. But we are yet to see a truly gl…
Indian SMEs can emulate Germany’s Mittelstand
In Delhi’s Okhla Industrial Area, Sahil, a former tech executive, now runs a medium-size enterprise, manufacturing parts for air-conditioners. Even though his customers include all the well-known Korean and US manufacturers selling in India, life for the tier-1 B-school graduate is never easy giv…