India attains 5th position in the world economy with the largest contribution emerging from MSME (Mirco, Small, Medium, Enterprises). India’s MSME sector is the second largest in the world after China, and it encompasses enormous varieties of manufacturing and services sector industries.
Indian Government initiated several measures in recent years, most notably Make in India and Aatmanirbhar Bharat, to draw the attention of foreign investors.
Make in India is considered a revolutionary initiative as it is expected to create a 25% share of manufacturing to GDP and 100 million jobs before 2022.
MSME occupies major in national GDP as it aids in resolving various economic challenges like unemployment and equal distribution of wealth. The Government of India implements different policies and programs through loans, subsidies, and technological advancements to develop MSME.
As of a recent survey, there are 6,30,50,000 micro-enterprises actively functioning throughout India. A number of small industries are declared to be 33,00,000, and 5,000 are officially registered medium industries.
Why should foreigners invest in Indian MSME?
How manufacturing sector of India is a lucrative opportunity for foreign investors?
The manufacturing of goods has a significant influence on India’s economic performance. The sector contributes a 15% share to the national GDP. The government of India keeps supporting different initiatives and measures to enhance the manufacturing sector in the country.
Production-based industries generate massive employment opportunities, and it also boosts the export of the country. A cumulative Foreign Direct Investment (FDI) has grown to USD 89.15 billion from April 2000 to December 2019.
Moderation of India’s taxation policies is the most enticing factor that makes the Indian market more favorable for foreign investors than other Asian countries.
In September 2019, the government lowered the percentage of taxes from 25 to 15 percent for the business registered after October 1, 2019, and began functioning before March 31, 2023.
MSME with futuristic scope for investment
Manufacturing of equipment:
Value-oriented service sector:
Manufacturing & designing the following equipment
How can businesses register as MSME in India?
MSME registration process is simple and easy to encourage entrepreneurship.
MSME participants are required to fill the one-page form – “Udyam Registration Process”
Registrants have to fill up the following information in the application form:
Applicants will receive the Udyam Registration Number after the submission form.
Self-certification is enough to validate the information; no supporting documents are required to be attested with the form.
Conclusion
The exponential momentum of small sector businesses in India and rewarding government policies opened tremendous opportunities in the market for international capitalists for long-term investment.
The development of micro, small, and medium businesses is escalating in India. Continuous support from the government for the economic welfare of minor industries will make the market more compatible with foreign direct investment (FDI) in upcoming years.
Media ContactCompany Name: MSME / Udyam Registration Consultancy Contact Person: Vishal SatputeEmail: Send EmailPhone: 9112211457Address:Office No. 101-102, 1st Floor, Gulmohar Apartments, East Street CampCity: Pune – 411001State: MaharashtraCountry: IndiaWebsite: https://www.msmeregistration.org/