An Investigation on the Innovations in Steel Re-Rolling MSMEs with reference to industries in Kerala State, India

A developing country like India depends on Micro, Small and Medium Enterprises (MSMEs) for its economical development. But the sector is not attractive now for the entrepreneurs, since the return for investment is very small. These organisations have to practice the habit of innovation for their survival. The present study focused on the extent of innovations in steel rerolling MSMEs in Kerala state, India. Also, the barriers for innovation are identified so that the same can be overcome by the planned efforts. The data collection is through a field survey based on a questionnaire prepared. The study shows that level of innovation is very low in MSME sector and proper steps are to be taken to overcome this issue.