NEW DELHI : Small firms will need to reinvent themselves and some of them may need to change their line of business to tap new opportunities while the government is backing them in their efforts to survive, said a government official.According to Devendra Kumar Singh, additional secretary in the micro, small and medium enterprises (MSME) ministry and MSME development commissioner, small firms will have to diversify and match the present day demand for goods and services for staying in business, for which many have shown the potential.“MSMEs have that capability.
A few months ago, nobody knew about personal protection gear. There was little production in India. Today we are in a position to export.