Government sets up five task forces to make MSME sector future-ready

The Government of India has constituted five task forces to make the micro, small and medium enterprises (MSME) future-ready and formulate a concrete strategy to make the country a leading exporter.
These five task forces have been formed in five key areas where the Indian industries, especially the MSME sector should head towards to achieve this objective and mission.
The task forces formed includes:
1. Industry 4.0
  - Objective – make India a global leader in Industry 4.0 including elements like artificial intelligence, 3D and virtual reality.
2. Export promotion and import reduction
  - Objective – India becomes a global manufacturing hub and a leading exporter in the world.
  - Key issues of teh task force will include how to focus in the key manufacturing areas, how to improve our quality standards, designs and technology, packaging.
3. Re-engineering
  - Objective -How to re-engineer vertically and horizontally our existing cluster schemes so that they are able to assist the grass-root and the micro-level enterprises as well as the high-end enterprises.
4. How to Integrate our technology centres
5. Explore interventions to align various modernisation schemes like ZED (zero defect and zero effect) and LEAN (for manufacturing competitiveness), as well as other schemes related to design, intellectual property rights and marketing scheme.