While the defence industry is dominated by a finite number of Original Equipment Manufacturers (OEMs), a large number of SMEs are suppliers to defence PSUs as well. A well-defined supply chain connects SMEs, prime contractors and OEMs. The latter prefer to work with small enterprises due to their innovative approach to niche manufacturing, flexibility, lower […]

What is MRO? MRO is an acronym for maintenance, repair and operations and refers to anything that is used in the manufacturing of a product but not included in the final product. Examples are safety equipment, computer and computer accessories, industrial equipment, consumables, office supplies, repair tools, and storage equipment, to name a few. MRO plays a vital role in […]

In its Pharma Vision 2020, the Indian government’s Department of Pharmaceuticals put forth its aim to make India a leader in end-to-end drug production. India’s pharmaceutical exports reached the US$10.80 mark as of November 2019. That figure is being projected to touch US$2 billion by 2020. MSME Roles in Pharma MSMEs play an essential role […]