Background Of the Centre
We are all aware of the enormous contribution of the MSME sector to the industrial and economic growth of the country. This sector has been active ever since India got its Independence. MSMEs saw rapid growth in the 1990s when the government unlocked value in industrial sector. Today, MSMEs are the largest employers in the country after agriculture.
While MSMEs have been growing vertically, it also must expand horizontally in order to provide more employment opportunities. This can be achieved by creating newer areas for MSMEs.
It is with this background that this Centre has been created by the Government of India through the Ministry of MSME, to support MSMEs in their pursuit for newer products/processes by way of seeking enormous competencies available in the Indian Institute of Science, Bangalore.