No More Zeroes: Govt plans to extend ZED certification scheme to services sector MSMEs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Indian government plans to extend its Zero Defect Zero Effect certification scheme to service sector MSMEs.
- ✓This initiative will cover industries like transport and hospitality using 20 quality metrics.
- ✓"The government's objective is to make MSMEs more competitive and prepare them for integration into global value chains," said officials.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
In a significant move, the Indian government is widening its Zero Defect Zero Effect certification initiative to include service enterprises in the MSME sector. This strategy will target key industries like transport, hospitality, and healthcare with approximately 20 predefined quality metrics. Furthermore, specialized standards for MSME exporters will ensure they meet global quality benchmarks, ultimately empowering these businesses in the international marketplace.
New Delhi: The government has prepared a framework to expand its Zero Defect Zero Effect (ZED) certification scheme to the services sector, extending its quality improvement and competitiveness initiative beyond manufacturing to micro, small and medium enterprises (MSMEs).
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Economic Times
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.