India offers its SME cluster development model to others

New Delhi, Oct 31 (UNI) India today offered its cluster development model to other developing countries for large-scale employment in small and medium enterprises (SMEs).

''The model has been working rather well in upgrading the skills, products and processes of SMEs in India,'' Micro Small and Medium Enterprises Minister Mahabir Prasad said, addressing the 7th Asia-Europe Meeting (ASEM) on SMEs in Beijing.

He said the model of cluster development was adopted after a certain amount of experimentation.

''This period of experimentation could perhaps be of interest to other developing countries that face similar problems of competition, technology and products and have a similar mandate to provide large-scale employment in SMEs,'' he said in his speech available here.

''We would be too glad to share our experience with them,'' he said. ''At the same time, we would like to learn from other Asian and European countries about their experience in cluster development so that we may improve our methods and imbibe the best practices in the world.'' UNI