Training for SME Workers

By smartly exploiting the opportunities created by the process of globalisation, a large number of Indian small and medium enterprises (SMEs) have been able to sharply increase their businesses, either as original equipment manufacturers or component suppliers or business and knowledge processes outsourcing (KPO) partners for multinational corporations (MNCs) as well as large Indian companies. In a world where technology and business models are changing very fast,sustainability and growth of the Indian SME segment in the coming days will primarily dependupon SMEs’ access to education and skill upgradation. The government has a major responsibility in providing such access as the private sector cannot be relied upon for this — hi-tech knowledge and skill generation is a timeconsuming process and the return on private investment may be less than the optimum level thanks to knowledge spill-over, high rate of technology obsolescence and some other factors.

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Contributed By:
Prof. Abhijit Bhattacharya
(Dean - Globsyn Business School, Ahmedabad)