India’s MSMEs operate in informal frameworks that have barely evolved over the past two decades. The result is that small businesses have largely the same struggles as they did before, whether it’s the absence of adequate credit, difficulties in entering new markets, or payment delays.

Since MSMEs are the second-largest employer in India, solving these problems represents a significant opportunity.

After all, opportunity has already come knocking. Take for example the shift of manufacturing out of China. India should be a natural destination, but the smaller manufacturers in the country simply were not prepared or equipped with the competencies that major clients demand from their vendors.

There are startups in India taking steps to help small manufacturing businesses develop “full-stack factory solutions”.
The Ken reporter Pranathi DVLS explores this space in this edition of Make India Competitive Again, as read by Rahel Philipose.

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