The Micro, small and medium enterprises of Faridabad seem to be benefitting a lot from the Business Excellence Cluster Development project started by Integrated Association of Micro Small and medium Enterprises of India (IamSME) a few years ago. The objective of the project is to help MSMEs improve their productivity, reduce the rejection rate of their products and boost profit margins.
All this was made possible by promoting five one-year training modules where former and serving employees of various companies share their domain expertise with MSMEs of the industrial town. The project received 80 per cent of its funding from the ministry of MSMEs in the form of subsidies. “The balance 20 per cent was divided amongst the 10 units in the clusters. So, each SME paid only two per cent of the total cost,” said Rajiv Chawla, chairman of IamSME.
“The project underlined a basic objective to put them under the training with industries’ best practitioners for a year such as trainers from Maruti and Honda,” said Chawla, who is also the president of Faridabad Small Industries Association ( FSIA).
According to Amit Aggarwal, project leader of the lean cluster development initiative, “This program aimed at training employees of member companies through classroom sessions, industry visits and sharing case
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