Advertisement

Survival and Growth Strategies for Small- and Medium-Scale Enterprises in India: A Key for Sustainable Development

  • Ravindra Tripathi
  • Rajesh Kumar Shastri
  • Sweta Agarwal
Conference paper

Abstract

MSME is a key enterprise for employment, entrepreneurship and economic development in India. Globalisation brought challenges in the small- and medium-scale enterprises to adopt research practices for survival and facing competition with multinationals to sustain competitiveness through lower cost and quality, creating opportunities for growth by innovative ideas and upgradation of technology. This chapter focuses on to develop sustainable development through technological innovation in small- and medium-scale enterprise which has received attention from the government entrepreneurs in the country. Secondly, this explores the Cartel model in food processing units, ayurvedic plants and tribal handicrafts. Thirdly, this chapter provides a viable solution which aims on transferring of skills for facilitating research and development and reward system for the innovator and successor.

Keywords

Cartel Model Woman Entrepreneur Oligopolistic Market Technological Upgradation Entrepreneurship Development 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Agarwal H (2010) The MSME’s in India – need to fuel these engines of economic growth. Policy proposals in IndiaGoogle Scholar
  2. Barmecha VS (2007) Cartel- formation, dynamics and repercussions of its fall. Bachelor of Science, New York University, New YorkGoogle Scholar
  3. Ghatak S (2006) Micro, small and medium enterprises (MSMEs) in India: an appraisalGoogle Scholar
  4. Government of India (2010) Report of Prime Minister’s Task Force on Micro, small and medium scale enterprisesGoogle Scholar
  5. Krishnaswamy KN, Mathrajan M, Subhramanya Bala MH (2010) Importance of technological innovation for SME growth: evidence from India. World Institute for Development Economics Research, HelsinkiGoogle Scholar
  6. Ministry of Micro, Small and Medium Scale Enterprises. Annual report, 2008–2009. 2009–2010, and 2010–2011. www.msme.gov.in
  7. Planning Commission, Government of India (2006) Socio-Economic and Educational Development Society (SEEDS)-Status study of Tribal handicrafts – an option for livelihood of tribal community in the states of Rajasthan, Uttaranchal, Chhattisgarh and Arunachal PradeshGoogle Scholar
  8. Prasdhan JP (2010) R&D strategy of small and medium scale enterprises in India: trends and determinants. Sardar Patel Institute of Economic and Social Research (SPIESR), GujaratGoogle Scholar
  9. The Report on the Working Group, The Eleventh Year Plan (2007–2012), Science and Technology for Small and Medium Scale Enterprises (SMEs)Google Scholar

Copyright information

© Springer India 2013

Authors and Affiliations

  • Ravindra Tripathi
    • 1
  • Rajesh Kumar Shastri
    • 1
  • Sweta Agarwal
    • 1
  1. 1.Department of Humanities and Social SciencesMotilal Nehru National Institute of TechnologyAllahabadIndia

Personalised recommendations