New Delhi, June 29 -- Shifting global supply chains, the China+1 strategy, digitalisation and sustainability trends offer significant opportunities for Indian MSMEs to expand their role in global value chains, industry body CII said in a report.

It however noted that in order to capitalise on these opportunities, the MSMEs would need to enhance quality, innovation, productivity, scale and cost competitiveness.

Policy Reforms Supporting MSMEs

India's MSMEs are evolving from survival-driven businesses into growth-oriented enterprises, supported by policy reforms, digital adoption and expanding market opportunities, CII said on the occasion of International MSME Day.

The sector contributes nearly 30 percent to GDP, over 45 percent of exp...