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

In: Driving the Economy through Innovation and Entrepreneurship

Author

Listed:
  • Ravindra Tripathi

    (Motilal Nehru National Institute of Technology)

  • Rajesh Kumar Shastri

    (Motilal Nehru National Institute of Technology)

  • Sweta Agarwal

    (Motilal Nehru National Institute of Technology)

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.

Suggested Citation

  • Ravindra Tripathi & Rajesh Kumar Shastri & Sweta Agarwal, 2013. "Survival and Growth Strategies for Small- and Medium-Scale Enterprises in India: A Key for Sustainable Development," Springer Books, in: Chiranjit Mukhopadhyay & K B Akhilesh & R. Srinivasan & Anjula Gurtoo & Parthasarathy Ramachandran & (ed.), Driving the Economy through Innovation and Entrepreneurship, edition 127, pages 163-174, Springer.
    • Handle: RePEc:spr:sprchp:978-81-322-0746-7_14
    DOI: 10.1007/978-81-322-0746-7_14
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    Citations

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    Cited by:

    1. Bhattacharjya, Bibhuti Ranjan & Kakoty, Sashindra Kumar & Singha, Siddhartha, 2019. "A feedback mechanism for appropriate technology development and dissemination: Case study approach," Technology in Society, Elsevier, vol. 57(C), pages 104-114.
    2. Hazarika, Bhabesh & Bezbaruah, Madhurjya Prashad & Goswami, Kishor, 2016. "Adoption of modern weaving technology in the handloom micro-enterprises in Assam: A Double Hurdle approach," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 344-356.
    3. Shampa Paul & Kaushalesh Lal, 2021. "Technology Intensity and Employment in the Indian Economy," Arthaniti: Journal of Economic Theory and Practice, , vol. 20(1), pages 34-52, June.

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