Present geopolitical state of affairs a bonus to Indian MSME

(from lef ) Sasikumar Gendham, President, ELCINA; Kumar Duraisamy, CEO, Japanese International Clothes and Joint Secretary- Tirupur Exporters Affiliation; M. Ramesh, MD, Alphacraft and Kanishka Arumugam, C0- CEO, EKKI Pumps and Sindhu Hariharan, COB, The Hindu businessline at a panel dialogue on MSMEs : Navigating International Commerce Disruptions on the MSME Progress Conclave Coimbatore- 2025.
| Picture Credit score:
BIJOY GHOSH

The current geopolitical state of affairs, particularly US tariffs, is a constructive for Indian MSMEs. Nonetheless, to take full benefit of it, MSMEs ought to make investments extra in R&D and make merchandise quite than elements.

This was the important thing message that emerged from the ‘MSME Progress Conclave 2025’ organised by businessline in Coimbatore.

Trump tweet

Sasikumar Gendham, President, ELCINA, stated that the tariffs have been good significantly to the Indian electronics business. “After Trump tweet’s, issues are accelerating much more,” he stated, including that it might not be straightforward for the US to fabricate digital items, as a consequence of excessive labor prices there.

Talking at a panel dialogue on Navigating International Commerce Disruptions, moderated by Sindhu Hariharan, Chief of Bureau, Enterprise Line, Chennai, Gendham urged that MSMEs ought to select one or two merchandise and change into very price aggressive in them, a view that was shared by one other panellist, Kanishka Arumugam, Co-Chief Govt, EKKI Pumps. Arumugam stated, “the world sees India as a dependable provide chain accomplice,” however confused that MSMEs ought to make investments extra in R&D.

Kumar Duraisamy, Joint Secretary, Tiruppur Exporters Affiliation, stated that garment producers of Tiruppur have been seeing a giant bounce in exports. Exports used to hover round ₹35,000 crore earlier, rose to ₹44,000 crore in 2024-25 .Nonetheless, a giant chunk of the exports got here from about 100 of the two,500-odd items in Tiruppur. Duraisamy referred to as upon the federal government to convey again the Know-how Upgradation Fund, a useful scheme that was stopped by the federal government of India. He additionally needed the federal government to convey again Curiosity Equalisation Scheme, which was useful for the MSMEs.

M Ramesh, Managing Director, Alphacraft, an aluminium die forged firm, noticed that one nation that India wanted to be careful for is Brazil. The nation immediately doesn’t have a giant capability however “they’ll construct over time.” He additionally stated that Alphacraft is an occasion of 1 firm that doesn’t depend upon China.

Printed on June 27, 2025