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challenges faced by Micro Small and Medium Enterprises (MSMEs) in India UPSC NOTE

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  India’s MSMEs may face cost increases and supply disruptions due to new safety norms for machinery and electrical equipment. The Machiner...

 

  • India’s MSMEs may face cost increases and supply disruptions due to new safety norms for machinery and electrical equipment.

  • The Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024, issued by the Ministry of Heavy Industry on August 28, introduces stringent safety standards.

  • The new norms will take effect one year from now.

  • The order applies to machinery and electrical equipment made or imported into India, including pumps, cranes, and compressors.

  • Export-oriented items are exempt from the order, but this provides little relief since many MSMEs supply both domestic and export markets.

  • Approximately 90% of domestic producers affected by the norms are MSMEs.

  • Most MSMEs currently adhere to ISO 9001 norms, which do not explicitly address safety concerns.

  • The new norms are highly technical and lack implementation guidelines from the Bureau of Indian Standards (BIS), making compliance difficult for MSMEs.

  • Smaller firms may lack the advanced machinery or technology needed to meet the new standards.

  • The report suggests delaying implementation and providing support to help MSMEs prepare for the new standards. 

  • Without assistance, many MSMEs may struggle to comply and could be forced to close.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: challenges faced by Micro Small and Medium Enterprises (MSMEs) in India UPSC NOTE
challenges faced by Micro Small and Medium Enterprises (MSMEs) in India UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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