IndiaMART.com Triggers Global Growth Prospects for SMEs
- Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com says competitive & resilient SMEs are quintessential for economic growth
-Prof. Suresh Tendulkar shares macro perspective on enhancing global competitiveness in SMEs
-Hon'ble Secretary Ministry of MSMEs Mr. Uday Kumar Varma says the new decade belongs to SMEs
-Packed hall acclaims the Conference
New Delhi, 31st January, 2010: "It is time for Indian Small and Medium Enterprises (SMEs) to go beyond India, explore 'Bharat'." This statement by Professor Suresh Tendulkar gave a whole new dimension to the SME Conference 2011 organised by IndiaMART.com in association with TiE Delhi NCR recently at Hotel Sheraton, New Delhi. This year's Conference was centered around the theme of “Going Beyond India - Competing in a Globalized Economy”, underlining critical elements which vitalize SMEs for global competitiveness. Presence of dignitaries from various fields such as Mr. Uday Kumar Verma, Honourable Secretary, Ministry of MSME; Prof. Suresh Tendulkar, Chairman, Indian SME Knowledge Forum, Director, Central Board of RBI & Former Chairman, Economic Advisory Council to PM; Mr. Pradeep Gupta, Chairman & Managing Director, CyberMedia Group; Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com; Mr. Pavan Vaish, CEO, IBM Global Services; Mr. Brijesh Agrawal, COO, IndiaMART.com; Mr. Ajay K Koul, Vice President – Business Alliances, FIIT JEE among several others multiplied the significance of the Conference.
Opening the session with his encouraging words, Mr. Dinesh Agarwal, welcomed the distinguished guests. Reiterating on the important role of SMEs in the growth and development of the economy, he said, “Our SMEs have created immense employment opportunities for over 60 million people in the country. They account for approximately 45% of the manufacturing output and 40% of the total exports of the country. Certainly huge numbers but still leave a lot of room to achieve their full potential. These figures can grow manifolds if they possess competitive advantage over their counterparts in global markets.” He added, “At IndiaMART.com, we believe globally competitive and resilient SMEs are quintessential for further growth and development process of the Indian economy. Our association with TiE for the SME Conference is a step towards readying the Indian SMEs with such competitiveness.”
Chaired by Mr. Pradeep Gupta, the inaugural session saw Mr. Suresh Tendulkar share macro perspective on making SMEs competitive in today's globalised economy. He said, “Being globally competitive depends upon SMEs' ability to take up challenges and tackle them.” He also highlighted that developed countries have aging population while developing nations have a working population and added, “In the coming times, growth rate in emerging markets will be much higher as compared to developed economies.” He concluded by bringing focus back to the country, saying, “Competitiveness needs to be built not only global markets but also for domestic. It is time for Indian SMEs to go beyond India, explore 'Bharat'.”
Upbeat about the growth of the MSMEs in the times to come, Mr. Uday Kumar Verma, said, “I am extremely happy and privileged to share my thoughts here... Of late, MSMEs are getting lot of attention. The decade which has started rightfully belongs to them. We need to aggressively push their agenda.” He also elaborated on the challenges that prevailed in this sector such as credit, technology, infrastructure, marketing and skill development.”
The next session focused on 'SMEs – Expanding your horizon (setting up for a globalised economy)'. While Mr. Mritunjay Kapur, Country Managing Director, chaired the second session on 'SMEs – Expanding Your Horizon (Setting up for a Globalised Economy)', Mr. Pavan Vaish, CEO, IBM Daksh Business Process Services, talked about the importance of operational excellence and a strong value system in a business as prerequisites to take one's business to a global level. The other eminent speaker Mr. Somenath Ghosh, Chairman & Managing Director, NRDC also presented his views.
Another session 'Scaling up – Practitioner's Perspective' chaired by Mr. R. Narayan, CEO, Denave India Pvt. Ltd. proved to be truly insightful and interactive session for the audience where Mr. Brijesh Agrawal and Mr. Ajay Koul shared their business perspectives. From the mindset of an entrepreneur, market identification & development, technology, conviction of the team in the business idea & entrepreneur, product positioning, customer retention to creating & sharing wealth, the session dealt with every critical factor involved in scaling up of small businesses.
Other important sessions were: 'My Story Session' chaired by Mr. Ketan Dewan, Managing Director, KRD Vision, with Mr. Kunwer Sachdev, CEO, Su-Kam Power Systems Ltd. and Mr. Ashwani Chawla, Founder, Catmoss Retail Ltd. sharing their success stories; 'Building an innovation culture – Leveraging Technology, products & IP to Enhance Global Competitiveness' chaired by Mr. Vinod Sood, Managing Director, Hughes Systique Pvt.Ltd.; and 'Funding – Debt vs equity- whats the best option for me?' chaired by Ms. Kalpana Jain, Senior Director, Deloitte Touche Tohmatsu India Ltd.
Each session had an enthusiastic audience which posed different questions to the panelists. The Conference was hugely successful and was able to address the issues which concern SME competitivess at a global level. IndiaMART.com will continue to partner itself with such endeavours that will aid in enhancing growth prospects for the SMEs.
IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.
Founded in 1996 by Mr. Dinesh Agarwal (CEO), the company has a pan-India presence in over 100 cities. With over 2400 employees located across 55 offices in the country, IndiaMART.com offers an extensive range of value- added products and services to its 1 million registered members and nearly 5 million global buyers across various industries and verticals.
IndiaMART.com has won numerous awards over the years and has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc for its pioneering role in promoting SME business in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.
About The Indus Entrepreneurs (TiE)
The Indus Entrepreneurs (TiE) is the world’s largest organization dedicated to the advancement of entrepreneurship. TiE was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region.
There are currently over 15,000 members and more than 2,500 charter members in 56 chapters across 14 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, and education. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.
TiE members include senior and successful Entrepreneurs, VCs, Angel Investors, Private Equity, and Law Firms, Tech and Management professionals, SME’s, aspiring entrepreneurs and students.
IndiaMART InterMESH Ltd
Manager - PR
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IndiaMART.com Triggers Global Growth Prospects for SMEs here
News-ID: 160629 • Views: 1209
More Releases from Indiamart Intermesh Ltd
GST network rollout by Aug ’12 positive for MSMEs, says IndiaMART CEO Dinesh A …
Implementation of GST welcomed Appreciate allocation of Rs.5,000 cr to SIDBI for venture fund for MSMEs New Delhi, 16th March, 2012: Sharing his views on the Union Budget 2012-13, Mr. Dinesh Aagarwal, Founder & CEO, IndiaMART.com, India's largest online B2B marketplace, said, "“We welcome the Union Budget 2012-13 presented by the Hon’ble Finance Minister (FM) today. While the FM called for speedy reforms today, the Budget did not indicate much in that direction.
Delayed GST - major cause of worry for MSMEs, says IndiaMART CEO Dinesh Agarwal
•Two key expectations from Budget: 1)Simplify & unify taxes 2)Build basic infrastructure for MSMEs to flourish •Undivided attention from policymakers to reduce credit crunch •Expand ambit of CGTMSE to accommodate & benefit more MSMEs with collateral free financing New Delhi, 10th March 2012: With the ongoing pre-budget phase of Union Budget 2012-13, the most fertile minds of Indian Micro, Small and Medium Enterprises (MSMEs) are already discussing desired outcomes for next fiscal and bringing forth
IndiaMART Emerges Key Contributor to growth of SMEs in Engineering Sector
-Provides complete online business solutions to augment their business growth -Online activity among SMEs on B2B marketplace almost doubles in the sector in 2011 as compared to 2010 New Delhi, 30th January, 2012: India's engineering sector expresses the best of country's economic development constituting 12% of the total economy. Fortifying its presence further, IndiaMART.com, India’s largest online B2B marketplace, has emerged on top as a key contributor to the growth of Small
Global Fragrances Pvt. Ltd.'s aromatic win at 'ET NOW-IndiaMART Leaders of Tomor …
-Mr. Somesh Choudhary, MD, Global Fragrances Pvt. Ltd. acknowledged as winner under FMCG & Consumer Durables Category -Expressed gratitude towards IndiaMART.com and ET NOW for the recognition New Delhi, 17th December, 2011: What else could make a day beautiful; an evening unforgettable and a night worth remembrance than a hypnotizing fragrance! Aromatic products from the bouquet of fragrances offered by Mr. Somesh Choudhary, Managing Director, Global Fragrances Pvt. Ltd., are not only
More Releases for SME
UK SME Insurance: Distribution Dynamics 2017
Researchmoz added Most up-to-date research on "UK SME Insurance: Distribution Dynamics 2017" to its huge collection of research reports. An insight on the important factors and trends influencing the market. "UK SME Insurance: Distribution Dynamics 2017", looks at how SMEs buy insurance coverage and the reasons behind their purchasing decisions. This report also examines the services SMEs are currently receiving and the additional amenities they would like from their provider going
Micro employer HR software steals SME show
A new modular HR software designed specifically with micro and SME businesses in mind, has stolen the show at its launch at SME Live at the NEC on 16th October. Amity Essentials, from industry leading HR and payroll provider FMP Global, is a flexible HR software, completely free for micro businesses with 10 or less employees, that uses ‘bolt-on’ modules as a business grows, making it both simple and affordable. FMP
UK SME Adoption of Employee Benefits 2017
Recent research and the current scenario as well as future market potential of "UK SME Adoption of Employee Benefits 2017" globally. Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are
INDIA: Big March for SME
In keeping with recent and ongoing changes in the business landscape, business is focusing on mobility rather than stability, and the service business has evolved accordingly. Globalization is the buzzword as geographic boundaries cease to exist. Business is competing for opportunities in an international arena. Because the world is connected in a single unit, any crisis in one part of the world has repercussions in other parts, too. Small and medium-sized
IndiaMART.com Pushes for Cohesive SME Ecosystem through SME Learning Series
Partners with Smallenterpriseindia.com for the Series Series aims to bring clear understanding of Finance, HR, IT, Communication, Marketing & other business verticals to SMEs Roadshows in Delhi, Ghaziabad, Gurgaon, Bangalore & Vadodara receive huge response New Delhi, 28th May, 2011: Small and Medium Enterprises (SMEs) have been playing a vital role in growth and development of Indian economy. They are credited with generating million of job opportunities every year along with contributing a
IndiaMART.com Plans Massive SME Awareness Campaign
To be launched in 2-3 weeks, campaign's theme centers on boosting awareness amongst SMEs on the need to go online - Educate buyers & suppliers on how they can leverage Internet for 24X7 global presence, cost-effective marketing & B2B matchmaking - Highlight catalyzing role of B2B e-marketplaces like IndiaMART.com in growth of SMEs - Nation-wide drive to be launched across newspapers, magazines, online, radio, electronic & outdoor media New Delhi,