More finance & technology impetus required for MSE growth: MSME Minister at IndiaMART Emerging Business Forum
Presence of over 500 SMEs makes the grand finale a resounding success
Power panel discussion to discuss the 5-point agenda (HR & Training, Marketing, IPR, Finance & Innovation in Technology) steals the limelight
Associations, Institutes & SMEs acknowledged in a felicitation ceremony for their contribution to the sector
‘Special Breakaway Roundtable’ was also organised prior to the main event
New Delhi, 30th April, 2012: More thrust is needed in terms of financial aid and technology upgradation for MSMEs, highlighted Hon'ble Union Minister for MSME Mr. Virbhadra Singh at the recently concluded Zee Business presents IndiaMART Emerging Business Forum in New Delhi. He graced the occasion as the chief guest. With its four months long journey across13 different cities of India, the forum emerged as the biggest ever platform to address and discuss pain points of SMEs.
Inspiring over 4500 SMEs to take the 'Next Big Leap' in this journey, the forum catalysed knowledge-sharing by luminary panelists and enlightening insights from SME clusters across the country. The sole aim was to churn out practical solutions for varied business functions and pertinent challenges faced by the SMEs. The presence of over 500 SMEs at the finale ensured that it turned out to be a spectacular event.
Appreciating this initiative by IndiaMART.com and Zee Business, Hon'ble Union Minister for MSME, said, "This activity of taking note of contribution of MSMEs is taking momentum in the country. The industries in MSME sector are gaining momentum day by day especially with the interest taken by the prime minister, by setting up the task force." He added that the government is giving a lot of impetus to credit guarantee to MSMEs. However, he shared that much more is required for financial assistance to these units. On the current economic scenario, he said, "We are passing through a difficult phase but India is on a recovery mode. Let us not be disheartened. Slowdown is a global phenomenon and mighty countries such as US, Europe, Japan, are also facing the same downturn. There is no need to panic and we have enough sources to fight the present situation."
Speaking on the occasion, Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com, said, "We are extremely thankful to the Honourable Union Minister of MSME Shri Virbhadra Singh for gracing the finale of IndiaMART Emerging Business Forum. This forum is unique not only because of the huge participation by SMEs, industry associations and policymakers at all 13 on-ground events but also because of the efforts put in to find solutions to the issues faced by SMEs, instead of just touching upon them. We also extend our thanks to Zee Business for their support in making this a success."
The event began with the keynote by Mr. Brijesh Agrawal, COO, IndiaMART.com. He shared, "Each large enterprise was once a start up. They are at this stage led by their zealous entrepreneurs whose vision, grit and determination have let them taste success. At IndiaMART.com, we have been committed to empower SMEs to move up this value chain, achieve scale and global competitiveness. Emerging Business Forum is a reflection of the same. Such a tremendous response from SMEs across the country to this endeavour reaffirms our commitment." This was followed by an address by Mr. Barun Das, CEO, Zee News.
The finale also entailed a power panel discussion on a five-point agenda where Mr. H P Kumar, Chairman & MD, NSIC, Mr. N K Maini, Deputy, MD, SIDBI, Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com, Mr. A Sakthivel, President of Tirupur Exporters Association (TEA) and Mr. Saurabh Srivastava, Founder, India Angel Network delved on finding solutions to aspects concerning SMEs such as marketing, HR and training, credit facilitation, IPR and innovation in technology.
The forum also felicitated SMEs and associations that have contributed to the growth of the sector. The details are mentioned below:
Tirupur Exporters' Association (TEA)
Agra Footwear Manufacturers and Exporters Chamber (AFMEC)
Southern Gujarat Chamber of Commerce & Industry (SGCCI)
Special Contribution to Policy Making
Mr. Dinesh Rai
Innovation in Technology
Data Resolve Technologies
HR & Training Excellence
Dawar Footwear Industries
SME Credit Facilitation
Small Industries Development Bank of India (SIDBI)
Prior to the grand finale, a 'Special Breakaway Roundtable' was also organised. It brought together policymakers and industry representatives from across the country on a single platform. While the latter sought views and responses on SME specific challenges, the former highlighted initiatives undertaken by the government. The esteemed participants included Mr. R K Mathur, Secretary, Ministry of MSME, Government of India, Mr. S K Goel, Chairman, Central Board of Excise and Customs (CBEC), Mr. Dinesh Agarwal, Mr. Rohit Mehta, President, Southern Gujarat Chamber of Commerce & Industry, Mr. Rajiv Chawla, President, Faridabad Small Industries Association, among others.
The culmination ceremony will also be telecast on Zee Business soon.
IndiaMART.com India's largest online B2B marketplace for Small & Medium Size Businesses, connecting global buyers with suppliers. The company offers a platform & tools to over 1 million suppliers to generate business leads from over 5 million buyers, who use the platform to find reliable & competitive suppliers. The company has over 3500employees located across 75+ offices in the country. Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd.
IndiaMART.com offers products that enable small & medium size businesses generate business leads (online catalogs/store-fronts), establish their credibility (third party verified trust profile) and use business information (finance, news, trade shows, tenders) for their business promotion.
For more information, please visit:www.indiamart.com/corporate/press-section.html
IndiaMART InterMESH Limited
Advant-Navis Business Park,
Plot No-7, 8th Floor, Sec-142, Noida
Uttar Pradesh, INDIA PIN - 201 301
Manager - Corporate Communications
F: +(91) 0120-3911010
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 More finance & technology impetus required for MSE growth: MSME Minister at IndiaMART Emerging Business Forum here
News-ID: 219678 • Views: 2068
More Releases from IndiaMART InterMESH Ltd.
Two-third SMEs expect business conditions to improve in the next quarter: IndiaM …
Two-third SMEs expect business conditions to improve in the next quarter: IndiaMART SME Sentiment Survey 2014 - IndiaMART launches SME Sentiment Survey 2014 - Reveals high optimism amongst SMEs for the coming quarter and financial year - Analyses other trends amongst SMEs such as exports, challenges and growth in 2013-14 New Delhi, May 20, 2014: Despite the present gloom in the economy, SMEs remain optimistic of the FY 2014-15 and expect high
IndiaMART Buy Leads Nominated for 4th India Digital Awards
- Buy Lead product nominated in the 4th India Digital Awards - Nominated for introducing Buy Leads led mobile site - Facilitates SMEs with networking opportunities while on the move New Delhi, February 06, 2014: After making headlines for bagging the coveted Manthan Award recently, IndiaMART Buy Leads yet again proved to be best amongst the rest as it emerged as one of the finalists in the 4th India Digital Awards. It grabbed
IndiaMART Buy Leads Declared Undisputed Leader of Innovation in Online Space at …
- IndiaMART Buy Leads wins Manthan Award under E-Business & Financial Inclusion Category - Strengthens belief in the creation of buyers marketplace - Over 1 lakh Buy Leads generated in a month New Delhi, January 03, 2014: An evening of felicitation unfolded recently in New Delhi amongst a group of innovative and brilliant entrepreneurs. Taking center stage in E-Business & Financial Inclusion Category, IndiaMART Buy Leads beat eight other finalists to emerge as
SMEs from North, East & West Felicitated at Regional Awards Ceremony of IndiaMAR …
- Regional Awards Ceremony held in Mumbai & Delhi; Bengaluru to host the next - Winners felicitated from Western, Eastern and Northern regions in 14 categories each - Over 1 lakh nominations received from across the country New Delhi, December 13, 2013: The passion and the stature of the biggest SME Awards - ET NOW-IndiaMART Leaders of Tomorrow touched a new high with the launch of Regional Awards Ceremony in the 4th edition.
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,