{
  "id": 9124727,
  "title": "India’s Industrial Resilience Hinges On Innovation, CII Urges Stronger MSME Ecosystem",
  "url": "https://urgent.news/2026/09/22/indias-industrial-resilience-hinges-on-innovation-cii-urges-stronger",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T10:17:16.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/indias-industrial-resilience-hinges-on-innovation-cii-urges-stronger-msme-ecosystem"
  },
  "original_language": "en",
  "account": "Milon Nag, Deputy Chairman of the CII Western Region and Chairman and Managing Director of K K Nag Pvt Ltd, emphasized that innovation and technology adoption are key to fostering competitive and resilient enterprises in India. Nag spoke at an industry event organized by the Confederation of Indian Industry, where leaders, entrepreneurs, and industry representatives gathered to explore strategies for strengthening the industrial ecosystem amid evolving market, technological, and regulatory landscapes.\n\nNag stressed the importance of sustained innovation, adaptability to changing customer and market demands, and the integration of new technologies to ensure businesses remain competitive and forward-looking. He also highlighted the necessity of robust cooperation between industry and government, advocating for policies that accurately reflect practical challenges and enable effective implementation.\n\nNag further identified several critical priorities for micro, small, and medium enterprises (MSMEs). These include enhancing supply-chain competitiveness, advancing digital transformation, promoting employee upskilling, and preparing for a sustainable, net-zero future. To support MSMEs, Nag called for joint efforts to streamline regulations, strengthen digital governance, and improve the ease of doing business, thereby enabling smaller enterprises to expand and endure economic fluctuations.\n\nAnup Parashar, Chairman of the CII Thane Zonal Council and Director-Corporate Affairs at Raymond Lifestyle Ltd, discussed the council's emphasis on supply-chain integration, infrastructure development, and industry-academia partnerships to address burgeoning skill requirements. Parashar mentioned the upcoming Vadhavan Port as a potential catalyst for unlocking economic and logistical benefits in the region. He also underscored the council's commitment to facilitating dialogue, knowledge exchange, and policy advocacy, particularly focusing on MSME development, sustainability, skills enhancement, and business facilitation.\n\nThe CII CSR Summit emphasized that innovation, collaboration, and continuous learning are fundamental for cultivating future-ready companies. The summit attracted over 90 delegates, including CII members, non-members, representatives from industry associations, and leaders from various sectors, all united in the pursuit of building resilient and progressive enterprises in alignment with India’s Viksit Bharat 2047 vision.",
  "summary": "Mumbai: Building competitive and resilient enterprises will require innovation, technology adoption, closer industry-government coordination and support for micro, small and medium enterprises, CII Western Region Deputy Chairman Milon Nag said. Nag, who is also Chairman and Managing Director of K K Nag Pvt Ltd, was addressing an industry meet organised by the Confederation of Indian Industry. The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}