9th ACMA MSME Summit

The 9th MSME Summit was held in New Delhi. The key takeaways from the summit included a positive outlook and priority focus areas for automotive MSMEs

- Sumesh Soman

The Automotive Component Manufacturers Association of India (ACMA) organised the 9th edition of the MSME Summit, aimed to recognise the challenges and possibilities for MSMEs, in New Delhi. The summit was attended by Sunjay J Kapur, President, ACMA and Chairman Sona Comstar, Sreekant Somany, Chairman-MSME Committee, CII and CMD, Somany Ceramics Ltd., Shradha Suri Marwah, Vice President, ACMA and MD, Subros and Vikrampati Singhania, Chairman NR, ACMA. The focus of the summit was centred around the theme “Bracing-up for Transformation – Opportunities and Challenges for SMEs,” with an emphasis on the significant role that MSMEs will continue to play in the Indian economy, particularly in the automotive component manufacturing industry.

During the summit, Sunjay J Kapur, President of ACMA and Chairman of Sona Comstar, highlighted the “unprecedented transformation witnessed in India, where MSMEs are at the forefront of the change.” He stressed the need for MSMEs to invest in research and development and build capacity to stay competitive in the auto component manufacturing industry. He applauded the government of India’s initiatives such as ‘Make in India’, ‘Start-up India’, and ‘Atmanirbhar Bharat’, known to provide essential support to the sector.

Kapur also drew attention to the LEAN scheme. “The MSME Competitive (LEAN) scheme under the MSME Champion scheme, is expected to enhance the productivity and competitiveness of SMEs,” he shared. As a representative of the auto component industry, Kapur expressed confidence that the initiatives would help the industry achieve world-class quality standards and pave the way for more significant success.