CII organises vendor
development Session in Regional MSME Conclave TATA Motors, BHEL, invite
MSMEs to become vendors
Dominance of Informal
Sector in MSME Obstacle to Financial Access: RBI
NT24 News
Chandigarh
CII
Northern Region organised the sixth edition of Regional MSME Conclave in
Chandigarh today. The Conclave aimed to create awareness amongst the MSMEs
about the various means facilitating affordable credit and expanding their
market base. It also emphasised on the essence of smart manufacturing for the
growth of MSMEs. A special session on vendor development was organised as part
of the summit wherein Tata Motors and Bharat Heavy Electricals Limited (BHEL)
gave presentations on their vendor registration processes and bidding
requirements. They invited MSMEs to explore opportunities and associate with
them as vendors. Mr Anil Yadav, General Manager – FIDD, Reserve Bank of
India informed about RBI’s High-Level Empowered Committee on MSMEs, which deals
with the challenges faced by these enterprises and is involved in grievance
redressal to the extent possible. He also shared that Town Hall meetings on
MSME are convened with the purpose of helping MSMEs through a number of
interventions. While making a presentation, Mr Prashant Sardar,
DGM, SIDBI shared the activities undertaken by the institution for promotion,
development and financing of SMEs. He informed the delegates present about CriSidEx,
CRISIL-SIDBI MSE Sentiment Index, which is a continuous sentiment survey to
track the micro and small enterprises. He also mentioned about MSME Pulse, a
quarterly comprehensive report, which attempts to provide the banks and NBFCs
with insights for making information-oriented business decisions.Mr
Harbinder Singh Sokhi of BSE-SME Exchange shared that the institution
appoints merchant bankers registered with SEBI for handholding the MSMEs. These
merchant bankers, besides helping with documentation, will be with these
enterprises for three years. They will provide a platform to MSMEs to promote
themselves, sustain and grow their business. Mr Iqbal Singh,
Managing Director, Innovative Financial Management urged the MSMEs to look at
equity as an asset class for acquisition plans or value addition to their
business. Not only it will lead to transparency, scalability and credibility,
this will reduce servicing cost of loans as well, he emphasised. Earlier, while
delivering the welcome remarks, Dr Dinesh Dua, Chief Executive
Officer & Whole Time Director, Nectar Lifesciences Ltd mentioned about the
bottlenecks which deter the growth of MSMEs. He remarked that their economic
viability is threatened by lack of access to financial aids. Dr Dua informed
the delegates that CII has created an online Finance Facilitation Centre to
facilitate credit availability to the SMEs. CII, through its Centres of
Excellence, has been propagating cluster approach to enhance the
competitiveness and linkages with the large industry for MSMEs, he shared.
