Prime Minister inaugurates MSME Technology Center at Puducherry

What is the News?

On the occasion of National Youth Day, the Prime Minister has inaugurated an MSME Technology Center at Puducherry.

What are Technology Centers?

The Ministry of Micro, Small and Medium Enterprises(MSME) has established Technology Centers(TCs) across the country. 

These centers have been set up under the flagship Technology Center Systems Program.

Purpose of these Centers: To support existing and prospective MSMEs by developing production facilities, manpower, providing consultancy and developing a competitive edge through the adoption of best practices.

What is the Technology Center Systems Program?

It has been launched by the Ministry of MSME with support in funds from the World Bank.

Objective: To improve the competitiveness of MSMEs by a) facilitating improved access to manufacturing technology b) improving further the availability and employability of skilled workers and c) establishing a strong focus on providing business & technical advisory services.

Components: a) Establishment of Technology Centers (TCs) b) Engaging the services of world class Technology Partners(TPs) to strengthen TCs c) Engaging the services of reputed Cluster Network Manager who will establish linkages amongst key stakeholders including MSMEs, academia, large industry players and d) Establish a National Portal for creating a vibrant, interactive and self-sustainable technology platform to meet various needs of MSMEs.

Source: This post is based on the article “Prime Minister inaugurates MSME Technology Center at Puducherry” published in PIB on 12th January 2022.