Working Aggressively to Take MSMEs in Industry 4.0 Direction: MSME Ministry

The ministry has introduced artificial intelligence (AI) and machine learning (ML) on its single window system portal ‘Champions’ to assist MSMEs of the country

The Ministry of MSME has on boarded artificial intelligence(AI) and machine learning (ML) for providing assistance and solutions to the issues of Micro, Small, and Medium Enterprises (MSMEs). Ministry has implemented AI & ML on its robust Single Window System ‘Champions’ which was launched by the Prime Minister in June 2020.

“This multi-modal system has a portal at virtual level and technology equipped physical control rooms at around 69 locations of the country. It has emerged as one of the front runner platforms for the MSMEs in a very short span of time,” read ministry’s official statement.

Intel has been assigned the partner role for onboarding AI and ML to the portal. The ministry noted that the company has been guiding it since last five months.

Direction of Industry 4.0

MSME Ministry further noted that it is working aggressively to take the Nation and the MSMEs in the direction of Industry 4.0. They are not only adopting the technologies categorised as part of Industry 4.0 but are also encouraging the MSMEs to adopt the same.

“They are also helping the MSMEs to manufacture its essential and enabling products like sensors, motors, computer displays and other animation technologies,” read minstry’s official statment. Ministry officials say that now it will be possible to know the emotions of the people involved with or dependent on the MSME sector in real time. It feels that now onwards, the AI is going to do the tedious work of preparing data for analysis; thus, freeing up their human resources to engage in more productive work.

500 champion MSMEs

The government of India is taking steps to create 500 champion MSMEs in the electronics sector. This information was revealed by Saurabh Gaur, IAS, Joint Secretary, Ministry of Electronics & Information Technology, Government of India , during a webinar of MVIRDC Research Study on ‘Promoting Electronic Manufacturing’.

“Government of India is taking efforts to develop 500 champion MSMEs in the electronic sector. Global and Indian electronic companies have committed USD 100 billion production, 80% of which is for exports, under the production linked incentive scheme so far. This revenue positive scheme will create 2.5 lakh direct and indirect employment and also generate significant tax revenue for government,” Gaur said.