QCI Boosts MSMEs' Sustainability and Competitiveness with Climate Consulting
The Quality Council of India (QCI) has been promoting climate consulting among MSMEs, fostering sustainability and competitiveness. This initiative, which focuses on quality standards and business excellence through cluster approaches, has shown promising results in recent years.
MSMEs play a significant role in India's economy, employing over 110 million people and contributing to 28% of the GDP and 40% of exports. With India's young demographic profile and vast skilled workforce, the sector is poised for growth.
The rise of Industry 4.0 and digitization has made skilling, re-skilling, and up-skilling a priority. Adopting quality and excellence practices can enhance my business' competitiveness, agility, and stakeholder focus. The Indian government is now prioritizing ease of doing business and reducing costs, further boosting the sector's prospects.
Historically, the Indian manufacturing sector has grappled with regulatory complexities and high business costs. QCI's program aims to address these challenges by enhancing internal competitiveness, particularly in the MSME sector. MSMEs that embrace quality and business excellence practices demonstrate resilience, continuous improvement, and value creation.
The QCI's climate consulting initiative is crucial for India's MSME sector, fostering sustainability and competitiveness. As the government focuses on improving the ease of doing business, MSMEs that adopt quality and excellence practices will be well-positioned to thrive in the face of increasing digitization and global competition.
