Small and Medium Scale Enterprises (SMEs) plays an integral and vital role by having the contribution towards the growth of nation’s economy and development lag in technology can be regarded as one of the major components for the development of maintained and competitive SMEs and Technology Transfer is a determinant factor of the competitiveness of SMEs.
Here, we would analyze the barriers that are affecting the implementation of technology transfer in apparel manufacturing Indian SMEs that will help us to know about these SMEs.
Data was being collected with a help of a structured questionnaire that was analyzed using various statistical tools such as SPSS-20 to establish the correlation between dependent and independent variables. This preliminary study does not give a proper result but shows us indicative results and tells us about the absence of significance of an independent variable.
It wasn’t that difficult to figure out the barriers as SMES is now proving to be the best policy in the market and the observation was taken with a help of questionnaire. According to the data collected, there are few points listed below causing barriers I India SMEs were: –
1) Pre-Acquisition strategy – In this, the SMES were lacking an institutionalized and formalized mechanism that is important for any other firm to grow. Here the selection of technology was not proper and hence the SMEs were not able to plan it in a more realistic way. Therefore, there was not just lack of prioritization but also lack of criteria and coordination within the firm itself.
2) Government support – It was also studied that there was less of participation by the government. For any policy matters, Government is the ones responsible to pass or to reply for the same on time. But here, the role of the government wasn’t supportive but in return, it did not respond on time or caused delays. Therefore, this barrier was one main reason affecting SMEs.
3) Financial aspect – In this, SMEs couldn’t come up with big transactions or in simple terms, they were restricted to having a cash flow. Hence, there was not sufficient capital and it resulted in working with the SMEs on a larger level.
4) Information and Communication technology – One of the main drawback of SMEs is that it does not have proper communication infrastructure or proper information on production process or upcoming technologies that automatically cause hindrance in the growth.
5) Combating competitiveness and market force – In case of start- ups, the disadvantage is that it is new to the market where there is the absence of many resources and stays behind the professional market that pulls back the SMES, thus causing a barrier for SMEs.
6) Intellectual Property Right – As SMEs are new to the mark, they lack interest in IP protection, the nice cost of obtaining patents and in result their lack of knowledge in this field causes them to stay back when compared to other competitions in the market.
After the study, these barriers were analysed and now it’s been added up to improve the working and growth of Indian SMES.