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IMPETUS to MSME Sector

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Industrial Spectrum July 2014​

The Ministry of MSME is laying thrust on the implementation of ongoing schemes/ programmes, which include National Manufacturing Competitiveness Programme, Credit Guarantee Scheme, Credit Linked Capital Subsidy Scheme, Performance and Credit Rating Scheme, Cluster Development Programme, Prime Minister’s Employment Generation programme, etc. for the promotion and development of MSMEs and to enhance their competitiveness and productivity. 

The Minister is also expanding the coverage of the schemes and strengthening their implementation. Further, a workshop on virtual cluster was organized on 6th June, 2014 at the National Institute for Entrepreneurship and Small Business Development (NIESBUD) under Ministry of MSME.

The objective of the workshop was to physically bring all the stakeholders together on a forum to discuss how to enrich MSME virtual cluster website and how to make it popular. The workshop was attended by 57 participants. The participants were from Academic/Technical Institutions, Financial Institutions / Banks and Food Industry.

The workshop was able to achieve its objective in terms of bringing all the stakeholders which included prominent members from the Industry, Banks and Academia. The participants shared their experiences and exchanged suggestion on ways to arrive at possible solutions to the operational or procedural predicaments encountered from various quarters. 

The workshop proved to be the right platform for promoting interactive working amongst them and the issues were discussed in details. Representatives present from the concerned sectors were able to appreciate the need to address mutual functional issues. This was in sync with the idea adjunct to the conceptualization of virtual clusters. The workshop has helped the virtual cluster website to gain more popularity.

posted Sep 15, 2016 by Lub Msme (message)

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The Third Edition of IMS Foundation and Laghu Udyog Bharati’s flagship event ‘IMS Manufacturing Trade Fair India and Manufacturing Show-2014 was organized in Bangalore wherein India Inc. pitched in for innovations and quality concepts as global competition is now a reality in Indian corporate landscape. The three-day Summit organized by IMS Foundation and LUB on September 11-13, 2014 was inaugurated by Union Minister for Chemicals and Fertilizers Mr. Ananth Kumar in the august presence of Mr. Madhav Lal, Secretary MSME Ministry, Mr. Ravindra Nath, CMD, National Small Industries Corporation Limited, Mr. Walter Yeh EVP Taipei WTC and Ambassador Chung Kwang Tien - Rep Taipei Eco and Cultural Centre.

The theme for the third edition aptly focused on ‘Renewed focus on the Indian Manufacturing Industry: Make in India’ as that is what exactly Prime Minister Mr. Narendra Modi is pitching in for considering the huge business potential and the quality outlook change among the foreign countries towards India in the recent years. Within the overarching agenda to facilitate India’s transformation into an economically vital, technologically innovative, socially and ethically vibrant global leader by year 2022, IMS Foundation focus this year was on the revival of the Manufacturing sector, Economic growth, fast tracking Infrastructure and improved Governance.

Inaugurating the three-day IMS Summit Union Minister for Chemicals and Fertilizers Mr. Ananth Kumar said: “India needs to empower locals and equip them with appropriate tools to take the nation to the next level of quality and excellence.” He further said: “Manufacturing is an area that holds a lot of promise in the country. If India has to become prosperous, the manufacturing sector should be given priority. We need to bridge the gap between small, medium and large scale industries and such expos are platforms to ensure wide scope for collaborations.” 

At the Summit precisely every speaker stressed on the need for sustaining ‘Quality’ if Indian Industry had to face the increasing challenges in the highly laissez faire global economic environment. A few sessions entirely focused on models, processes and approaches pursued by Industry which has made it to take the numero uno position in their pursuit for Business Excellence.

Mr. Ananth Kumar said: “We should derive inspiration from Prime Minister Shri. Narendra Modi’s Independence Day speech and ensure we ‘Make in India’ and goods produced in India carry the ‘Made in India’ tag worldwide. Within the first hundred days of the Narendra Modi government, we will announce the first ever national policy on MSME. For India to prosper, the manufacturing sector needs to double its contribution to the country’s GDP. We need to create a single window system in the real sense of the word and facilitate smooth provision of infrastructure and land for micro, medium & small scale enterprises. On behalf of Shri Kalraj Mishra – Union Minister for MSME, it is my pleasure to announce that we will be establishing a tool room in Bangalore and a textile cluster in Mysore. As part of the Union budget, the Government of India had announced ten thousand crores towards venture capital for new enterprises and start-ups. It is our job to create an environment that will ensure an inflow of one thousand crores to Bangalore and Karnataka, by supporting the starting up of small and medium scale companies. Our partnership with Taiwan will be a success story and it is inevitable to have healthy competition from other growing economies.” 

IMS 2014 was an exclusive business-to-business exhibition, the single largest convergence of the best talent from the manufacturing and engineering industries across the globe. The uniqueness of this Edition was about interacting and networking with international and national audiences including global manufacturers, investors, diplomats, Government officials and industry stalwarts and understand the investment in Technology, Quality systems and Applications development.

Over 200 CEOs, domain experts, top bureaucrats, senior quality and strategic planning professionals from across the nation were present at the threeday Summit to exchange and share their inputs. Welcoming the august gathering Mr. Yajnanarayana Kammaje, Chairman, IMS, Organizing Committee said: “The Manufacturing Industry overall is looking good with new government taking over the charge and several policy measures underway, like the FDI in defence manufacturing is a welcome move. Also with a good practical budget, there is a marked positive change in the overall sentiments, there is an upswing in the industry, key user industries such as the Automobile, Electronics & Information Technology, Energy & Environment, Infrastructure, Auto & Components and Aerospace are set to fuel the growth of Indian Manufacturing industry”. 

IMS 2014 is a greatly expanded fair with many special programmes and sessions specially designed for a cross section of the student and business community primarily focusing on creating job opportunities for the nation. This edition had highly narrowed sessions on Innovation, Aspiring Entrepreneurship and vendor development with speakers sharing their thought processes and experiences to the participants. Keeping in view the fast changing world economic dynamics and how India Inc has to make its moves to grab business opportunities at the world markets, deliberation topics were chosen to derive maximum knowledge sharing on a single platform. Concerns related to economy, infrastructure, governance, quality and innovation were discussed exhaustively. Thought leaders from industry, government officials and domain experts shared their perspectives on contemporary topics and provided ample pathways for MSME sector to learn from experiences and incorporate best practices to meet challenges ahead on.

LUB, as the premier industry association in India, has always been at the forefront of creating and sustaining an environment conducive to the growth of MSME sector in India, partnering industry and government alike through advisory and consultative processes. It is committed to competitiveness for sustainable and inclusive growth of India, reflecting its commitment to balanced growth encompassing all sectors of the economy and society.

As India now stands at the crossroads of reaching the pinnacle of Business Excellence, a cautious approach is what the need of the hour is. And the onus now lies on the neo-age leadership. Prime Minister Mr. Narendra Modi has called upon India Inc especially the MSME sector to enhance the quality of life though its quality and innovative initiatives and practices. 

 

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Industrial Spectrum July 2014​

The Union Budget presented by Shri Arun Jaitley, Minister of Finance, yesterday has a number of proposals relating to the MSME sector. 

Following is the text of the speech delivered by the Finance Minister: SMEs form the backbone of our Economy. They account for a large portion of our industrial output and employment. The bulk of service sector enterprises are also SMEs. Most of these SMEs are Own Account Enterprises. 

Most importantly a majority of these enterprises are owned or run by SCs, STs and OBCs. Financing to this sector is of critical importance, particularly as it benefits the weakest sections. There is need to examine the financial architecture for this sector. I propose to appoint a committee with representatives from the Finance Ministry, Ministry of MSME, RBI to give concrete suggestions in three months.


Promotion of entrepreneurship and start-up Companies remains a challenge. While there have been some efforts to encourage, one principal limitation has been availability of start-up capital by way of equity to be brought in by the promoters. In order to create a conducive eco-system for the venture capital in the MSME sector it is proposed to establish a ` 10,000 crore fund to act as a catalyst to attract private Capital by way of providing equity, quasi equity, soft loans and other risk capital for start-up companies.


To establish technology centre network to promote innovation, entrepreneurship and agro-industry, setting up a fund with a corpus of `200 crore is proposed. The definition of MSME will be reviewed to providefor a higher capital ceiling. A programme to facilitate forward and backward linkages with multiple value chain of manufacturing and service delivery will also be put in place. Entrepreneur friendly legal bankruptcy framework will also be developed for SMEs to enable easy exit. A nationwide “District level Incubation and Accelerator Programme” would be taken up for incubation of new ideas and providing necessary support for accelerating entrepreneurship.

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Union Minister for MSME Kalraj Mishra in August 2014 said the proposed new policy governing the industrial activity in the MSME sector would be “finalised in the next 3-4 months”.

Speaking at an MSME industry workshop in Hyderabad, he said the details of the new policy highlighted in the recent Budget speech, aimed at “redefining” the MSME sector activity, was being chalked out by a select committee formed with officials from the Reserve Bank of India, Ministry of Finance and the MSME ministry.

“The new MSME policy would primarily seek to redefine the sector in terms of annual turnover, capital employed and the labour engaged at the factory. It would also look into tweaking the RBI guidelines for treating nonperforming assets (NPAs) in the MSME sector. We are examining the statespecific policies in place in various states to come out with an effective national MSME policy,” he added.

The policy would also reaffirm the existing laid out mandatory procurement of MSME-originated products by the public sector units (PSU). According to the MSME ministry, the new policy will make it compulsory for PSUs to procure 20 per cent of their need-based products from MSMEs, including four percent from small industry units operated by women entrepreneurs.

Plan to set up 15 tool rooms

On the Centre’s proposal to set up 15 tools rooms in the country, Mishra said the ministry had finalised locations for nine of these and was in the process of evaluating sites for the rest of them. One such tool room would be come up in Visakhapatnam on 20 acres land allotted by the state government. Confirming this, Arvind Patwari, director of MSME Development Institute in Hyderabad, said the proposed facility entailed aninvestment of Rs 120 crore and was capable of training 200-300 trainees.

Launches JobsDialog

Mishra launched JobsDialog, the country’s first mobile-based recruitment solution designed by the city-based TMI Group. According to TMI, the product is designed keeping in view the unique and dynamic talent requirements of MSMEs. JobsDialog has a tie-up with Idea Cellular which provides access to jobseekers who are subscribers of Idea. Alternatively, the jobseekers can give a missed call to register themselves. In turn, TMI short lists people who match the requirement of different SMEs.

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