SKILL DEVELOPMENT PRACTICES IN INDIAN SME FOUNDRIES
Small and Medium Enterprises (SMEs) play a very vital role in the development of Indian economy. The business scenario for SMEs has not been so easy looking at the competitiveness, concern for quality and cost in the global markets. Foundries in India are not an exception to manage their sustainability in the VUCA world. This is due to the changing technology and innovative business processes and models. Looking at the present condition, Skill Development has become a critical issue in Indian Small and Medium Enterprises, particularly the foundries falling in this category. This paper presents the study to find out the skill development practices in foundries in three geographical locations, which are very well known for as Foundry Clusters in India. The study has used survey method to collect the necessary information and suitable descriptive statistical analysis is carried out to achieve the research objective. The findings suggest that foundries are learning to cope with the skill development demands, but still there is a long way to go.