‘MSMEs must innovate, scale up to build competitive global businesses’

▤ Summary

The article highlights a MSME growth conclave in Coimbatore that focused on innovation, technology adoption, and stronger industrial collaboration. ELGI Equipments MD Jairam Varadaraj urged Indian companies to move beyond low-cost, me-too products and build globally competitive, innovation-led businesses. Speakers also pushed MSMEs to invest in digital tools, automation, energy-efficient solutions, and stronger governance to improve productivity and scalability. The discussion pointed to finance access, skilled labor shortages, and clean mobility as major business themes and opportunities. The event also underscored Kerala’s manufacturing push and the role of regional industrial clusters in attracting investment.

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