Opportunities abound for SMEs to adopt IT

The SMEs can have access to the latest computing technology, data and softwares without investing fortunes in them, through a common grid of a service provider. Cloud computing is catching up fast, especially among those who are not able to afford costly servers.

The MSME secretary said that while the government would provide substantial subsidy for cloud computing to the SMEs, it does not want 'fly by night operators'.

The ministry is banking on the SME associations which will create special purpose vehicles (SPVs) to implement the technology upgradation schemes.

He said the subsidy funds could be released either to the SPVs or directly to the service provider depending on the advice of the Finance Ministry.