Adoption of Advance Manufacturing Technologies (AMT) in Micro, Small and Medium Enterprises (MSMEs) of India

Abstract

Micro, Small and Medium Enterprises (MSMEs) play a pivotal role in the development of national economy by contributing significantly in nation’s Gross Domestic Product (GDP), employment generation and exports. The growth of these enterprises is particularly important for developing countries because they provide not only large employment at comparatively lower capital cost in comparison to large enterprises, but also help in industrialization of the rural and backward areas. They also contribute in reducing regional imbalances and assure more equitable distribution of national income and wealth.