Corporate Galaxy in association with RE-Imagine India presents
Re-Imagine ! Re – Budget & Re – Vive !
“Strategies for Revival”
A special Interactive Webinar focussed on the MSME Sector
As the world spirals into a realization of a protracted pandemic and an economy which will be different, it is now getting clearer that we are on the cusp of a new world socio economic order ! The old economic order certainly was already under question for creating massive gap between the haves and have-nots and the onset of COVID19 has merely acted as a tipping point, bringing to the fore the need to rethink the basic tenets of an economy to create a new one.
Panelists & Presentation Schedule
|11:10 – 11:20 am||Mr. Raj Raman – Co-Founder & Managing Director- Marketspan Consultants||Re -imagine, Re-budget, Re-vive. Strategies for MSMEs to contend with COVID19. A Perspective Overview.|
|11:20 – 11:30 am||Mr. Anil Verma – Head-Supply Chain Finance – Indifi Technologies Private Limited.||
Re – imagining MSMEs
|11:35 – 11:45 am||Mr. Sunil K Pandey – Director – ArthVritt Capital LLP||Re-budgeting of MSMEs and Opportunities Offered by AatmNirbhar Inititaives|
|11:50 – 12:05 pm||Mr. Balkishan Chandak, Managing Partner, Smart CFO Services LLP.||AatmNirbhar Bharat – A synopsis for MSMEs|
|12: 05 – 12:15 pm||Mr. Agnel Pereira – CA,CS, Corporate Finance & Law, MSME and Corporate Advisor||AatmNirbhar Bharat – A Creative Critique|
|12 :15 – 12:25 pm||Mr. Somenath Chatterjee – Director, SME Lending, CFO, Investment Banking.||Opportunities offered by Fintech to the MSME Sector|
|12 : 30 – 12:40 pm||Mr.Ivor Misquith, Executive Director, Indorient Financial Services.||
Re-Imagine MSME Financing : Equity. MSME’s to PARTNER with Merchant Banker’s in Re-Imaging Financing Options
|12:40 – 12:50 pm||Rewa Joshi Mathur – AVP – IndusInd Bank||The digital route to transformation for MSMEs – Digital Transformation|
|1:20 pm – 1:45 pm||OPEN HOUSE||Q &A|
Special Invitee : Mr. Rajive Chawla, Chairman, IamSMEofIndia.com & JaiRaj Group of Industries
MSMEs have presence spanning across almost all the sectors and sub sectors thereby making it a highly dynamic sector. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.
The highly vibrant and dynamic nature of the sector over the last five decades has been quite appealing to policy makers, government agencies and research organizations all alike.
While the discussions on economy continue, the small and medium enterprise sector is left with no option but to contemplate closures. The SME Sector in India employs 100 million people and its sudden breakdown will risk the employment of millions. The SME sector of the country has been developed over years by successive governments through long term policy initiatives, entrepreneurship development and promotion. This entire achievement of decades is under threat of an indefinite financial non – viability.
There is a need for the industry, economists, big businesses and the professionals to act in unison and very fast to avoid a macabre situation.
At Corporate Galaxy we believe in the power of people and their capability. We present a SME Solutions Summit focussed on examining the problems of SME Sector with the objective of finding workable solutions – 1 step at a time.
Your problems will be shared with our panel of experts and discussed during the program.
“The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and can adapt to market change sooner said Union Minister of Commerce and Industry & Railways, Piyush Goyal, during a meeting held in New Delhi yesterday to discuss with MSME associations various industry issues and examine the steps that may be taken to resolve them.
Many issues pertaining to the MSME sector were put up for discussion with the Commerce and Industry Minister by MSMEs through the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), SME Chamber of India and PHD Chamber of Commerce and Industry. The most important issues that were discussed in the meeting included the problem faced by SME units in accessing credit from banks, delay in payments from Public Sector Units and Government departments, the issue of GST refund, the dearth of skilled manpower in the SME sector and the issue of differing wages in States across the country.
The MSME sector in India employs over 100 million people and accounts for 45% of manufacturing output and more than 40% of the country’s exports. With 63.4 million units throughout the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities.
Commerce and Industry Minister directed Small Industries Development Bank of India (SIDBI) and the Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) to set up a framework that will enable them to process loans to SME units faster and also provide insurance cover to the SME exporters.
Commerce and Industry Minister urged the SME sector manufacturers to produce high quality goods following international standards so that exports from the SME sector may become a part of the global value chain.
On the issue of delayed payments, Commerce and Industry Minister examined the possibility of big companies making full payment to SMEs against delivery so that working capital of SME units are not blocked.
In order to mainstream the 8 million Indian women who have started and are running their own businesses Minister directed that the Government e-Marketplace may handhold the women led SMEs and onboard these enterprises on the GeM portal.
Commerce and Industry Minister assured the SME sector that the Government will give all support and help in the skilling of manpower required for the sector and in all other areas that requires intervention of the Ministry of Commerce and Industry.”
(Source : Press Information Bureau, Govt. of India)
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