Experts: MSME’s Next Engine of Growth for India to compete globally to move ahead of China
Left to Right - Mr. Yatindra Sharma (MD, KHS Machinery Pvt. Ltd.) and Mr. Kamal Singh (Director-CMD, AIMA)
15th March 2012, Ahmedabad: The apex management body, All India Management Association (AIMA), along with its local chapter, the Ahmedabad Management Association (AMA) has organised a unique one day workshop on, ‘Leveraging Skills to Source Financing & Management of Technology by MSMEs’ at AMA campus this morning.
MSMEs are spread all across India and contribute significantly in the country’s economic development. They play an important role in sustaining economic growth, increasing trade, generating employment and creating opportunities for enterprise development. However, financing remains a bane for many entrepreneurs since it is a struggle to source funds from banks and financial institutions. Recognising these imperatives and also to boost competitiveness amongst MSMEs, AIMA organised the workshop. The highlights of this special workshop were to enlighten MSMEs on the correct and effective manner to accrue funds and also leverage opportunities for technology upgradation of today’s MSMEs.
Mr. Kamal Singh, Director-CMD, AIMA, while welcoming the participants said, “The purpose of this workshop is capacity building of MSMEs, to make them globally competitive. We have brought together all stakeholders on one platform, such as policymakers, bankers, financial institutions, rating agency as well as successful entrepreneurs to share their success stories.” He further added, “If India is to move ahead of China, the growth of MSMEs shall definitely by the game changer.”
Dr. J.S. Juneja, Chairman Taskforce MSME AIMA, while giving the workshop overview stated, “MSMEs are very important to the Indian economy and the government is taking many initiatives such as doubling funds to SMEs every 5 years.”
Mr. Yatindra R. Sharma, MD KHS Machinery Pvt. Ltd. and Past President AMA, stated, “The time has come for MSMEs to shine. Looking at the predictions for any sector, whether power, FMCG, dairy, etc., all show exception forecasted growth within the next 10 years.” He further elaborated, “Strong supply chain is imperative and therefore MSMEs need to focus upon changing business models based upon innovation.” He aptly summed up what an SME entails, “Smart Motivated Enterprises.”
Amongst others, the key speakers at the workshop also included, Mr. S.A. Ramesh Rangan (Chief General Manager, State Bank of India), Mr. A.N. Kapasi (Bank of Baroda), Mr. K. Gnanasekhran (UCO Bank), Mr. P.K. Jha (NSIC), Mr. Nilesh Dadpe (West SMERA India Ltd.) and Mr. Prashant Gandhi (MD Siddhi Engg. Co.). Over 100 entrepreneurs across Gujarat participated in this unique event.
During the past year, AIMA has organised more than 93 events in 25 cities to propagate fresh management knowledge and skills among executives and management students. These included conferences, management development programmes and workshops. More than 17,000 people from companies and academia participated in these events and more than 35,000 management students benefitted from these programmes.
AIMA was created as an apex body of professional management with the active support of the Government of India and other industry bodies in 1957. It has been in the forefront of attempts to foster and enhance excellence in management, entrepreneurship and leadership in India for more than five decades. The organisation is a hub of excellence in the world of management professionals and sees itself as a prime proponent of innovative ways in management in the coming years. AIMA plans to expand its presence, create a wider footprint and offer more widespread management training and education services for the country and establish itself as the thought leader within the management movement in India.