New Delhi, June 30 -- India's manufacturing MSMEs are grappling with high compliance costs and complex regulatory demands, as highlighted in a recent report by TeamLease RegTech.

The study, titled 'Decoding Compliance for Manufacturing MSMEs in India', reveals that small and medium manufacturing units incur compliance costs of Rs 13-17 lakh annually.

According to the report, a typical MSME operating in a single state must adhere to over 1,450 regulatory obligations spanning seven legal categories.

These include maintaining 48 registers, dealing with 59 inspectors, and complying with 486 clauses that carry imprisonment risks - most linked to minor procedural lapses. Labour laws alone account for 66 per cent of these legal risks.

TeamLe...