Policy, infrastructure interventions key to unlocking MSMEs innovation

A comprehensive coordinated innovation policy framework that will effectively sustain the MSME sector must include innovation infrastructure, technology, industrial parks and incubation hubs.

Innovation breeds competitiveness by reducing the internal transaction costs of any business including micro small and medium enterprises (MSMEs).

Specifically, it is the application of advanced marketing and organisational structures and processes in a business.

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Note: The results are not exact but very close to the actual.