Promoting Responsible Business by BMOs – Issue III

For the micro, small and medium enterprises (MSMEs), the backbone of both developing as well as developed nations, the challenge is how to promote these nearly 50 million MSMEs towards “Zero Defect Zero Effect” production. Interestingly, a significant proportion of these MSMEs are represented by their industry associations and Chambers of Commerce also called Business Membership Organizations (BMOs). BMOs being the most trusted ally of MSMEs, are best suited to promote the concept of “Responsible Business” in a balanced manner among millions of MSMEs in India.