The PHD Chamber of Commerce and Industry has called on the Indian government to reconsider the proposed national MSME policy to address the unique needs of MSMEs in each state and region. The chamber suggests that many Indian states have distinct policies for supporting MSMEs, and about one-third have developed comprehensive strategies to boost MSME growth. The government should resist the temptation of a one-size-fits-all approach, particularly in manufacturing, which shows more heterogeneity across states. The path forward lies in blending the pursuit of common goals with the flexibility to adapt to state-specific requirements. Northeastern states have trade-based MSMEs comprising 50% or more, requiring tailored policies. The MSME Ministry released a draft policy to promote competitiveness, technology upgrades, development of clusters and infrastructure, MSME procurement, and dedicated credit support.