Policy Dialogue on 'Building a market responsive, resilient, and inclusive MSME ecosystem for job rich and sustainable growth'
Policy dialogue to share support knowledge building of Andhra Pradesh and Odisha in designing of evidence-based policy initiatives for catalysing sector-led growth by sharing efforts made by Bangladesh, Indonesia, Vietnam, and South Korea, in transforming to market-based economy and transitioning from agrarian to global manufacturing hubs.
This dialogue has been organized by the ILO ‘Promoting Sustainable Enterprises in India (PSEI)’ initiative jointly with the State Government of Andhra Pradesh and Odisha, and is supported by Korea International Agency for Cooperation (KOICA). It specifically delves upon the strategies adopted for enabling promotion of sustainable enterprises, developing the missing segments in the value chain, promotion of MSME clusters based on regional comparative advantage and for economies of scale; and enabling them to be productive and market-responsive to graduate to the next level. The dialogue discussed how to seize the opportunities provided by the COVID-19 wake-up call to accelerate building resilient and help formal and sustainable MSMEs sustain global competitiveness of sectors. The dialogue will guide Andhra Pradesh and Odisha in designing evidence-based policy initiatives for catalysing sector-led growth through investment in value-chain development, entrepreneurship, and start-ups, and strengthening MSME competitiveness. The experience of Indonesia, Vietnam and Bangladesh offers relevant comparator due to commonality in natural resource endowment, and the objective to adopt market-oriented approach complemented with strengthened focus on social sectors. Further, learnings from South Korea provides insights into country’s journey to become a developed country by investing in the development of its MSMEs and start-ups.
The key objectives of the knowledge sharing workshop are :
1) What sectoral and MSME policy approaches and initiatives have been adopted in emerging economies which has led to their rise as global sourcing hubs and sector leads?
2) How was the objective of formalization, job creation and inclusiveness been embedded in the transition pathway from low to high-value added sector-led growth models? What measures have been adopted to promote gender mainstreaming and equality?
3) What policy lessons have been learnt from the COVID-19 crisis to prevent similar impact on MSMEs in future?
The KOICA funded PSEI initiative supports and guides MSMEs to adopt sound management practices for tapping into potential business prospects and sustainably integrate in the global supply chains. It assists in the value chain development in two labour intensive sectors – textiles and garments, and food processing, in particular, fisheries – in Andhra Pradesh and Odisha. This initiative also contribute towards sustainable, inclusive and resilient economic rebuilding and recovery, in the two COVID-19 impacted states. For details on PSEI : https://www.ilo.org/newdelhi/whatwedo/projects/WCMS_806062/lang--en/index.htm
The key objectives of the knowledge sharing workshop are :
1) What sectoral and MSME policy approaches and initiatives have been adopted in emerging economies which has led to their rise as global sourcing hubs and sector leads?
2) How was the objective of formalization, job creation and inclusiveness been embedded in the transition pathway from low to high-value added sector-led growth models? What measures have been adopted to promote gender mainstreaming and equality?
3) What policy lessons have been learnt from the COVID-19 crisis to prevent similar impact on MSMEs in future?
The KOICA funded PSEI initiative supports and guides MSMEs to adopt sound management practices for tapping into potential business prospects and sustainably integrate in the global supply chains. It assists in the value chain development in two labour intensive sectors – textiles and garments, and food processing, in particular, fisheries – in Andhra Pradesh and Odisha. This initiative also contribute towards sustainable, inclusive and resilient economic rebuilding and recovery, in the two COVID-19 impacted states. For details on PSEI : https://www.ilo.org/newdelhi/whatwedo/projects/WCMS_806062/lang--en/index.htm