Country’s one of the largest industrial town Ludhiana, which is home to more than 50,000 small and medium enterprises (SMEs) need to shed old ways and diversify as well as adopt new technology and best industry practices to stay relevant, said panelists at Business Standard Smart Business Event and members of Chamber of Industrial & Commercial Undertakings (CICU). Challenges, road blocks and issues faced by SMEs in the region were extensively discussed.
According to panelists, SMEs need to work more efficiently including using the right kind of machinery, technology, keeping a check on manpower costs as well as use better energy