New safety regulations for machinery, electrical equipment pose emerging challenges for MSMEs

Infomerics Ratings has highlighted the emerging challenges faced by micro, small, and medium enterprises (MSMEs) due to new safety regulations for machinery and electrical equipment. These regulations, aimed at ensuring safety and compliance, require MSMEs to invest in upgrading their equipment and processes. While the regulations are expected to enhance safety standards and reduce accidents, they also pose financial and operational challenges for MSMEs. Infomerics Ratings suggests that MSMEs may need support in the form of financial assistance and technical guidance to comply with the new regulations. The report underscores the importance of balancing safety requirements with the need to support the growth and sustainability of MSME