True but with an important caveat: domestic protection is bestowed ONLY on large raw material producers (steel, copper, aluminium, polymers), spirits & auto-majors. All #MSMEs face global competition. Tariff on their produce below 10%. No Antidumping or Safeguard or Floor price.
After Covid drastic change seen in mindset of businesses for R&D in Surat. Companies who invest in R&D gain competitive edge in long run, in short term there may be costs involved: Prashant Patel, Past President FISME; Director, RK Synthesis Ltd.
Watch: https://t.co/MvzuOK8yNi
Some big challenges for MSMEs in Surat include- land availability due to high land costs, lack of skilled manpower, high cost of R&D equipment and common infrastructure: Prashant Patel, Past President FISME, and Director, RK Synthesis Ltd.
Watch live: https://t.co/MvzuOK8yNi