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msmedevelopmentforum

Investors Club Silver Jubilee Celebrations

Our Founder, Mr.Rajnish Goenka was invited as Guest of honour at silver jubilee celebration of Investors Club.
Our Founder, Mr.Rajnish Goenka was invited as Guest of honour at silver jubilee celebration of Investors Club at India Habitat Centre. He shared the dais with Union Minister Mr.Krishan Pal Gujjar. Speaking on the occasion he invited Investor Club to partner with MSME Development Forum to promote the cause of Small & Medium sector.

SME Conclave 2018

Our Chairman, Mr Rajnish Goenka at the TIE SME Conclave 2018.
Our Chairman, Sri Rajnish Goenka was a panellist at the SME Conclave 2018 organised by the prestigious TiE Delhi and I truly had a memorable experience. My co-panellists were eminent representatives mainly from the finance sector while I felt I represented the business and MSME community. Thanks to the organisers, IndiaMART and participants for taking such important initiatives.

Launch Union Budget 2018

Our Founder Chairman, Mr Rajnish Goenka at the launch of Union Budget 2018
Our Founder Chairman, Mr Rajnish Goenka was invited by Assocham India to join business leaders in the buildup to the launch of the Union Budget 2018 by Arun Jaitley, Ministry of Finance, Government of India. While presenting his views on the budget this year, he highlighted that “Union Budget 2018 is a balanced budget and there’s not much for Micro, Small and Medium Enterprises but things, as presented by Finance Minister, indicates a positive impact on the sector as a whole.”

16th Meeting of National Board for MSME

Our Chairman Mr Rajnish Goenka and MSME Development Forum team was at the 16th Meeting of National Board for MSME. We really appreciate the efforts of Shri Giriraj Singh and Ministry of Micro, Small and Medium Enterprises and look forward to contributing to the implementation of a road map for reforms, including a comprehensive policy for reforms.

UP Investors Summit 2018

 It gives us lot of pleasure to see the Government of Uttar Pradesh and the Ministry of Micro, Small and Medium Enterprises, Government of India came together to put together such a great show.

At the event, our chairman, Mr Rajnish Goenka raised some concerns that MSMEs in India have and we hope they are addressed. We are a nation of entrepreneurs and Udyamis and we need to take the people back to being Job Creators from Job Seekers.

Watch the full speech here:

https://www.youtube.com/watch?v=oTJQ9yJdaEU

NITI Aayog to Open Applications for MSMEs and Startups

The Atal innovation Mission (AIM) has put out a challenge which grants up to 1 crore to the winner. This challenge has been launched under NITI Aayog. Not only will this participant get the monetary grant but also mentorship will be provided to him.
“Under the Atal New India Challenge, which shall be run in collaboration with five ministries, AIM will invite prospective innovators/MSMEs/start-ups to design market-ready products, using cutting edge technologies or prototypes across 17 identified focus areas such as Climate Smart Agriculture, Smart Mobility, Predictive Maintenance of Rolling Stock, Waste Management etc,”, an official statement quoted.

Applicants will be judged on three steps i.e, capability, intent and potential to productize technologies. This grant will also be supplemented by mentoring, handholding, incubating and other support which will be required at the further stages of the deployment of the product.

MSME Development Forum to hold 5th India International MSME & Startup Expo from June 22 to 24

In a bid to facilitate growth of MSMEs and Start-ups, MSME Development Forum in association with India Trade Promotion Organization will be organizing the 5th India International MSME & Startup Expo from June 22nd to 24th, 2018 at Pragati Maidan in New Delhi.

The event will not only give opportunity to various exhibitors to showcase their skills and innovations but also give opportunity to visitors to find new business opportunities, attend speaker sessions and startup fest. Further the forum will shed light on various challenges being faced by small as well as medium entrepreneurs via different sessions.
The expo will help aspiring entrepreneurs, businesses and MNCs in establishing global connect, promoting their businesses, networking with the right partners and spreading awareness around entrepreneurship in the country. Further this expo will help new entrepreneurs in identifying new markets for growth and expansion. The event will also witness participation from Union and State Ministers as well as other stakeholders like budding entrepreneurs, corporate, innovators, banks, PSUs, businessman, industries, investors and many more including international delegates.

Owing to MSMEs and Startups, India ranks 3rd in terms of Billionaires

Amidst the challenging market scenario in India and worldwide, the Micro, Small and Medium Enterprises (MSMEs) sector has been continuously showing consistent efforts of resilience, playing a pivotal role in driving the growth of the nation. It all goes to the MSMEs that today India ranks 3rd in terms of billionaires and within the next 10 years this rank will go up. According to Afr Asia Global Wealth Migration Review India will house another 238 billionaires on the list.

The MSME sector demonstrates the entrepreneurship spirit of India. These billionaires have also been born out of these MSMEs; they did not evolve overnight. May it be the recent case of Walmart taking over Flipkart or the other companies as Zomato and Redbus acquiring a platform for themselves, all of them started from the bottom.

With the government creating the more suitable environment for MSMEs in India, the rank will go high in the years to come.

MSME, AYUSH ministries to develop traditional medicine enterprises

Ministries of MSME and AYUSH today joined hands for developing enterprises in the traditional medicine sector.

“The memorandum of understanding (MoU) will create synergies through the institutions and schemes of both ministries for the development of AYUSH enterprises in the country. The objective of this partnership is to position India as a world leader in Holistic Healthcare,” an official statement said.

Under the partnership, the two ministries will organise regional workshops for entrepreneurship development. The MSME ministry will frame new schemes for AYUSH industries to avail benefits of lender to small industries – SIDBI.

AYUSH industry includes the Ayurveda, Unani, Siddha and Homeopathy drug manufacturing units as well as healthcare delivery centres in public and private sectors and are essentially dominated by MSMEs.

“The domestic market for AYUSH sector has been increasing steadily over the past decade. There is also an acceptance of traditional medicines worldwide. Therefore, export of AYUSH products like food supplements, pharmaceuticals and herbal extracts has increased significantly.

“In order to benefit from this the ministries of MSME and AYUSH have agreed to join hands for developing enterprises in this sector,” the statement said.

Food Processing Sector to get its own Bank

With the food processing sector facing problems in accessing credit, the government is all set to launch a dedicated financial institution for the industry. Due to the high risks involved, the food processing sector finds it difficult to access credit for various projects.The new financial institution could provide specific products for food processing projects with an easy repayment schedule that could give a boost to the small and medium enterprises sector.

According to PTI, Food Processing Secretary Jagdish Prasad Meena said the corpus for the non-banking financial institution — tentatively called the agro-processing financial institution — will be Rs 2,000 crore with the government contributing 20% or Rs 400 crore.
The government is ready with the draft policy on ‘Operation Green’ scheme which will be launched next month. Under this scheme, a group of farmers would be encouraged to form clusters in key growing areas to boost production and marketing of tomato, onion and potato said Harsimrat Kaur Badal, Union Minister fir Food Processing Industries while addressing the Press Conference.

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