India Joins BRICS Centre For Industrial Competencies to Support Manufacturing & MSMEs

India has joined the BRICS Centre for Industrial Competencies (BCIC) to provide integrated support services to manufacturing companies and MSMEs. India joined the BCIC at an event organised by the Department for Promotion of Industry and Internal (DPIIT) Trade in New Delhi. 

Key Highlights: 

• The BRICS Centre for Industrial Competencies (BCIC) launched in partnership with the United Nations Industrial Development Organization (UNIDO), serves as a one-stop centre providing integrated support services to manufacturing companies and Micro, Small and Medium Enterprises (MSMEs) across BRICS countries with a focus on strengthening Industry 4.0 competencies.

• The Trust Fund Agreement a formal agreement was signed between the DPIIT and UNIDO, establishing the financial and operational framework for the center's activities in India.

• The National Productivity Council (NPC) has been designated as the India Centre for BRICS Industrial Competencies. IT will act as the nodal agency to implement programs and provide technical expertise.

• The BCIC will offer a "one-stop" solution for MSMEs, providing access to international best practices, digital tools, and technical training.

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Objectives of  BRICS Centre for Industrial Competencies(BCIC): 

India’s participation in the BCIC is not just about diplomacy; it is about tangible economic growth and empowering India’s MSMEs. The objectives include:

• Strengthening Industry 4.0 Competencies andhelping small businesses adopt technologies like the Internet of Things (IoT), Big Data, and Cloud Computing to improve productivity.

• Facilitating the transfer of skills and technology between BRICS member states to solve common industrial challenges and Global Knowledge Exchange. 

• Reducing operational inefficiencies in the MSME sector, allowing Indian goods to meet international quality standards more effectively to enhance competitiveness at global level. 

• Working with UNIDO to implement green manufacturing practices that align with global sustainability goals.

Why This Matters for the Indian Economy

MSMEs are the backbone of the Indian economy, contributing significantly to the GDP and providing employment to millions. However, they often face hurdles in upgrading technology due to high costs and lack of technical "know-how."

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