产业集群提升中小企业竞争力：印度的经验外文翻译.docVIP

外文翻译 原文 Enhancing the competitiveness of SMEs through industrial clusters: The Indian experience Material Source: International Journal of Technology Management and Sustainable Development Volume 6 Number 3 ? 2007 Intellect Ltd Author:S. Venkataramanaiah and S.P. Parashar Growth opportunities and challenges facing Indian SMEs Indian industry is undergoing a major change due to the liberalization, privatization and globalization (LPG) of the economy. According to a recent survey by McKinsey and the Confederation of Indian Industry (CII), many investors and corporate organizations from developed economies are looking at India as one of the best locations for their global operations. Their ole of SMEs is becoming increasingly crucial for meeting the growing demand of both domestic and overseas firms operating in India. The SMEs that survived the downturn in 1990s have emerged as competitive global players. Indian auto component manufacturers have been successfully supplying components to many domestic customers as well as OEMs (original equipment manufacturers) such as Ford, General Motors (GM), Daimler Chrysler and Fiat. Auto component manufacturers (ACMs such as Delphi, Visteon, Caterpillar and Cummins have started procuring components from many SMEs in India, which they find capable of meeting high quality standards at competitive prices. Many small and medium size organizations are on the way to becoming medium and larger ones. Many SMEs are also trying the initial public offer (IPO) channel to raise funds but the capital market is still not SME-friendly. The inherent strength SMEs and their potential for growth have nonetheless started winning them the sympathy of many banks, financial institutions (FIs), state financial corporations (SFCs) and other support agencies. The factors that account for the strengths and opportunities of Indian SMEs include their high contribution to domestic production; the significance of