Enhancing MSMEs Competitiveness through Cluster Development in India
In May 2025, NITI Aayog released a report on ‘Enhancing MSMEs Competitiveness in India’. The report emphasized on Cluster Development in the MSME sector.
Understanding Cluster Development in the MSME Sector
- Cluster development refers to the strategic organization of similar or related industries within a specific geographic area, fostering cooperation and collective advancement.
- Cluster development is a proven strategy to boost the competitiveness of Micro, Small, and Medium Enterprises (MSMEs) in India.
- It involves the formation of geographically concentrated groups of interconnected businesses, suppliers, service providers, and support institutions operating in a specific sector.
- This approach enables collaborative growth, innovation, ....
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