Abstract

Small scale industries are the main employment provider in any developing country. Most of the micro, small and medium (MSME) scale industries development is due to the efforts of individual entrepreneurs. These entrepreneurs lack the knowledge of various technical and legal aspects of MSMEs. Many times, due to the lack of information, these individual entrepreneurs do not know the latest development in the technology and the market dynamics. They lack the knowledge of the availability of funds required to establish the industry. These issues hamper the MSMEs significantly and undermine the potential of the entrepreneur community as a whole. Difficulties to establish an industry also causes a deterrent to many potential entrepreneurs. A single point information centre called common facilitation centre (CFC) can resolve these issues. CFC can cover all aspects of the industry including availability of technology, machinery, sources of funds, material requirement, new developments and human resource development. CFC can help in changing, not only the development of the industry, but the whole society. In this work, we have presented an overview of a sports goods MSMEs cluster in Meerut city, India. It covers the various aspects of problems and how CFC can help in resolving these issues.

Key words: Micro, small and medium scale industries (MSMEs), technology, entrepreneur, innovations.