Uploaded on Nov 29, 2022
Ben & Gaws Legal - The Fabrication Bazar is a micro-enterprise development initiative that is part of the government's Make in India program. The Fabrication Bazar is an online marketplace that connects small and medium enterprises (SMEs) with buyers.
Ben & Gaws - Fabrication bazar creating infinite capacity by utilizing MSME
Ben & Gaws Legal - The Fabrication Bazar is a micro-enterprise
development initiative that is part of the government's Make in
India program. The Fabrication Bazar is an online marketplace
that connects small and medium enterprises (SMEs) with buyers.
The initiative was started by the Ministry of Micro, Small and
Medium Enterprises (MSME), which is the nodal ministry for the
promotion of MSMEs in India. The Fabrication Bazar was created
to address the challenge of limited access to markets for SMEs.
The platform provides an opportunity for SMEs to showcase
their products and services to a wider audience.
The Fabrication Bazar has helped create employment
opportunities for skilled workers in the MSME sector. It has also
provided a boost to the manufacturing sector by promoting
Made in India products.
MSME and its role in India
According to Ben & Gaws, Micro, Small and Medium Enterprises
(MSMEs) play a vital role in the Indian economy. They are the second
largest employer after agriculture and contribute significantly to the
country’s exports.
The sector is a key driver of economic growth and is
responsible for creating new jobs. It is also an important
source of innovation and technology transfer.
MSMEs play an important role in inclusive growth by
providing opportunities for entrepreneurship, particularly to
women and marginalized groups. They contribute to rural
development through their presence in rural areas and by
providing linkages with other sectors of the economy.
MSMEs are also an important part of the global supply chain
and play a critical role in ensuring that small businesses have
access to international markets. In India, MSMEs account for
about 96% of all enterprises and produce more than 8000
products for export.
How Fabrication Bazar creates infinite capacity
through MSME
In order to create infinite capacity, Fabrication Bazar takes
advantage of MSME.MSME stands for Micro, Small, and Medium
Enterprises. These are enterprises that have fewer than 500
employees. In India, MSMEs make up for about 90% of the industrial
sector and employ around 120 million people.
MSMEs are often lauded for their contribution to economic growth
and employment. They are considered more nimble and adaptable
than large enterprises, and can provide greater opportunities for
innovation. Additionally, MSMEs typically have a lower
environmental impact than large enterprises.
In order to take advantage of the benefits provided by MSMEs,
Fabrication Bazar has created an online marketplace specifically for
them. This marketplace allows MSMEs to connect with each other
and with potential customers. It also provides a space for them to
showcase their products and services.
In the future, the company plans to launch additional initiatives that
will further support MSMEs in India.
Ben & Gaws Legal hope this article on Fabrication Bazar has helped
you understand how the company is able to utilize MSMEs to create
infinite capacity. By leveraging the talent and resources of small
businesses, Fabrication Bazar is able to provide its customers with
high-quality products and services at a fraction of the cost. This
makes them a valuable partner for businesses of all sizes.
Ben and Gaws manufactures pre-fab structures, huge storage tanks,
large storage bins, and other large storage structures with
outstanding quality, the best price, and the quickest delivery.
Ben and Gaws Legal are making fabrication simpler, smarter, and
faster by offering consumers a comprehensive solution in which they
can just upload the drawings and get it fabricated. Want more
information visit Ben & Gaws site.
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