Creating Sustainable Contribution to the Environment: Case Studies From MSMEs in Pune

Creating Sustainable Contribution to the Environment: Case Studies From MSMEs in Pune

Shaji Joseph (Symbiosis Center for Information Technology, Symbiosis International (Deemed) University, India) and Apoorva Vikrant Kulkarni (Symbiosis Center for Information Technology, Symbiosis International (Deemed) University, India)
DOI: 10.4018/IJSESD.2020100101
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Abstract

In the current environment, there is an increased thrust to outsource manufacturing activities to developing countries. Countries such as India are actively inviting MNCs to partner with micro, small, and medium enterprises (MSMEs). It is assumed that these initiatives would act as an incentive to increase their economic development. As most of the national, international agencies and regulatory bodies focus on the larger companies it is often ignored to account for the contribution of MSMEs towards improving sustainability. As every nation-state has a vital role to play in ensuring the successful implementation of the sustainable development goals (SDGs), it is important to study and document the contribution of this sector towards SDGs. This article tries to document small but effective sustainable development initiatives by MSMEs. It tries to map the contribution of the four selected MSMEs towards SDGs. All these efforts are beyond the compliance requirement mandated to MSMEs in India.
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Msme In India

Micro, small and medium enterprises as per MSME Act, 2006 are defined based on their investment in plant and machinery (for manufacturing enterprise) and on equipment for enterprises providing or rendering services. MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. They not only play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in the industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. (Mukras (2003), Westhead and Birley (1995), Yoshida (2012) and Kochar, Kumar, Rajan Subrahmanian and Tokatlidis (2006)

A rough estimate of MSME sector says that there are about 36 million units, which provide employment to over 80 million individuals in India. A TIFAC (2016) study asserts that this sector through more than 6,000 products contributes about 8% of GDP besides 45% of the total manufacturing output and 40% of the exports from the country. The MSME sector has the potential to spread industrial growth across the country and can be a major partner in the process of inclusive growth. Entrepreneurship development and training is one of the key elements for the promotion of micro, small and medium enterprises (MSMEs), especially for the creation of new enterprises by the first generation entrepreneurs

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