Process afoot to capture MSME trade data

Anil Bhardwaj, secretary general, Federation of Indian Micro and Small & Medium Enterprises (FISME), said that product-wise data will help industry gain concessions in India's free trade agreement negotiations and help improve its market access, policy making and competitiveness. This assumes significance as many of India's FTAs have separate chapters on MSMEs. "We will get state and cluster-wise data, which would also help formulate export promotion schemes," Bhardwaj said.