How three MSMEs turned the coronavirus challenge into an opportunity

Many people running MSMEs fear that the support offered by the government might not be enough, while many others are tweaking their business models - basically trying to do more with less

Overnight, Tulips reconfigured its production line from churning out cotton balls and pads for cosmetic use to swabs for coronavirus testing
Premium

Overnight, Tulips reconfigured its production line from churning out cotton balls and pads for cosmetic use to swabs for coronavirus testing

Anchita Ghosh
The Covid-led lockdown drove many small fi­rms to the brink. As India sta­rts reopening its economy gradually, the three biggest challenges they are facing are the absence of demand and labour, and ensuring a steady supply of raw material to keep their production lines rolling. Many people running MSMEs fear that the support offered by the government might not be enough, while many others are tweaking their business models — basically trying to do more with less.

Here we will discuss the experiences of three MSMEs that took the challenge head on and seem to be getting around the crisis by repurposing their business, reskilling the ava­ilable labour or putting into force the famed Indian jugaad.

Take Delhi-based Tulips, a

First Published: Jun 18 2020 | 12:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com