New Delhi, March 25 -- The Confederation of Indian Industry (CII) has called on the government to extend targeted support to the micro, small and medium enterprise (MSME) sector in view of ongoing disruptions linked to the West Asia crisis.
The industry body highlighted significant challenges faced by MSMEs due to evolving geopolitical developments in West Asia. These include longer shipping routes, increased transit times, and rising freight and insurance costs, which are placing additional pressure on smaller businesses.
In a letter to MSME Secretary S C L Das, CII Director-General Chandrajit Banerjee cautioned that prolonged disruptions could lead to production slowdowns across sectors, reported Business Standard.
CII noted instanc...