<h3 “”=”” id=”yui_3_16_0_1_1404206059054_21581″>The FISME Factor, June 28, 2014
 
 
 

FISME

To Me
 
Jun 30 at 5:50 PM

 

 

If you are unable to view this mailer, click here.

 

  The FISME Factor  

 

President’s Message
” Both government and associations are busy pondering over problems and challenges faced by MSMEs. Hopefully, solutions to some of the problems would emerge. I feel emphasis is also required in equal measure on how MSMEs could exploit opportunities. There is a need to try out new models of marketing as scale of our MSME units is small and their number large. I think it is time we studied, experimented and tried out different models of collective marketing. “

Dr. D. Gandhikumar, President, FISME
Vol IV, Issue 61: June 28, 2014
Activities

Flipkart – FISME join hands to give MSMEs e-marketplace access
Interactive Session on Intellectual Property Rights (IPRs)
Delegation from Nottingham City, U.K. visits FISME 

Business Banter: Lessons from Entrepreneurs

Growth to Greatness: Smart Growth for Entrepreneurial Businesses

Macro Metre

Companies can provide power 24X7 without tariff hike
Iraqi crisis to hit economy; SMEs may feel pressure of high cost Knowledge and News Network (KNN)

Domestic Digest

Government in process of framing separate policy for MSMEs: Kalraj Mishra
German agency, MSME Ministry developing support steps for small units Knowledge and News Network (KNN)
Now, Google searches for SME advertisers in India

State Scan

152 MSME clusters to generate jobs in West Bengal Knowledge and News Network (KNN)
Help desk on commercial taxes to help small scale entrepreneurs Knowledge and News Network (KNN)

World Watch

India, Russia to explore free trade agreement
Pharma trade can help boost Indo-Pakistan ties: Icrier 

Knowledge Store

What financiers do when funding an SME, and what they can do better Knowledge and News Network (KNN)

…And A Lot More

Activities

Flipkart – FISME join hands to give MSMEs e-marketplace access

Two of India’s largest bodies have come together to bring thousands of micro and small enterprises (MSMEs) on board of e-market place. Flipkart and Federation of Indian Micro and Small & Medium Enterprises (FISME) have entered into an understanding through which they will jointly train and equip MSMEs in clusters to be e-marketplace ready and then Flipkart will provide access to its e-market platform. FISME is a network of over 740 MSME associations spread all over the country. “In the first phase, 50,000 MSMEs will be targeted to be on board Flipkart ”, said Anil Bhardwaj Secretary General of FISME.

Interactive Session on Intellectual Property Rights (IPRs)s

Department of Electronic & Information Technology (Deity) along with FISME organized an Interactive session on IPRs on Wednesday 18th June 2014 at Department of Electronics & Information Technology (DeitY), Ministry of Communications & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi covering Service cum Manufacturing sectors. The programme was attended by senior Executives from SMEs, IP professionals. The programme showcased IP Panorama, an e-learning modules, an initiative of Department of Electronics and Information Technologies (Deity), Government of India, in collaboration with World Intellectual Property Organization (WIPO) with an aim to address various aspects of intellectual property and related issues in Indian scenario.

Delegation from Nottingham City, U.K. visits FISME

A delegation from Nottingham City Council visited FISME secretariat on 19th June 2014. The delegation led by Mr. David Bishop, Corporate Director-Development, Nottingham City Council and Mr. Chris Henning, Director for Economic Development, Nottingham City Council, were keen to develop a Trading Platform between Nottingham and India which will help Nottingham eventually help any business from India not just in Nottingham but also to expand throughout UK and Europe with the help of City’s other initiatives. Nottingham, one of the eight “core cities” of Britain outside London with a large number of big corporates in transport, aerospace and clean technology, wants to ambitiously engage with India. Significantly, the city which has access to 90 per cent of British population within two hours of journey would like Indian SMEs to become part of the supply chain of the global companies located in and around Nottingham.

BJP government has completed a month. From economic point of view, how do you rate the new government on the steps it has announced/ taken?
 
  •  Excellent
  •  Good 
  •  Average
  •  Poor 
 
Business Banter: Lessons from Entrepreneurs

Growth to Greatness: Smart Growth For Entrepreneurial Businesses

In most cases it takes good people to grow a business, and for an entrepreneur, this means delegating and trusting others to deliver the results that will grow the firm. Hiring the right people, engaging them in the pursuit of their dreams and giving meaning to the employees who are building the business requires different skills than those needed to launch a business. Readers will learn what those skills are and how the entrepreneur can use them to achieve smart growth. Business growth is one of the most talked about subjects in the entrepreneurial world. Unfortunately, much of that talk is based on faulty assumptions or erroneous beliefs about business growth. For the past ten years, I have been on a journey, along with some of my colleagues, trying to discover the “science” of business growth. The purpose of this article is to share with you some of what we have found.

Read More   Bach to Top
Writing on the Wall

Lots to do on labour laws

The Rajasthan government has proposals to amend the Industrial Disputes Act (IDA), raising the threshold for state permission to fire workers from 100 to 300. It also wants changes to the Contract Labour Act (CLA) and Factories Act. Trade unions aren’t happy. There is too much generalization on labour “laws” and the expression needs pinning down Under Article 246 of the Constitution, the Seventh Schedule sets out a Union List, a State List and a Concurrent List. Consider Entry 55 in the Union List. This concerns “regulation of labour and safety in mines and oilfields”. Similarly, Entry 61 in the List is about “industrial disputes concerning Union employees”.

 

Media Monitor

Macro Metre

Government clears investment hurdles, gives go ahead to seven projects worth Rs 21,000 crore

The Narendra Modi government has cleared seven big-ticket investment projects worth Rs. 21,000 crore, some of whom have been held up for decades, because of hurdles ranging from environmental issues to financing problems. The oldest among them, which has been on the drawing board for over 30 years, is a 235 kilometre railway line that is critical to tap Chhattisgarh’s second largest iron ore reserves and ensure the survival of the Bhilai Steel Plant whose current iron ore sources are expected to run out in a few years.

Read More   Bach to Top

Iraqi crisis to hit economy; SMEs may feel pressure of high cost

The Iraq crisis leading to fears of disruption in oil supplies had a huge negative impact on the Indian economy with the Rupee coming under pressure against US dollar. While it could be a good news in short term for exporters, the prolonged problems in Iraq could dent the prospects of economic revival in India. The rupee has hit a low of 60.16 against the US dollar with intensification of Iraqi crisis. The stock market has also come under pressure. Higher import costs could exert pressure on the raw material and hit the revival efforts of the new NDA government.

Read More   Bach to Top

Electronic goods makers to get boost with 8 new clusters

India will soon have eight new electronic manufacturing clusters as the new government gets going with its agenda of making India a hub for indigenous goods and reducing dependence on imports, telecom and law minister Ravi Shankar Prasad said at an industry event organised by The Economic Times in collaboration with AMCHAM. “Eight clusters for electronic manufacturing have been approved,” Prasad said at an interaction between the government and the American Chamber of Commerce in India, Wednesday.

Companies can provide power 24X7 without tariff hike

There is enough scope for utilities to ensure uninterrupted power supply without tariff shocks but consumers too need to do their bit by willing to pay for getting 24X7 service and actively help stop electricity theft, minister for power and coal Piyush Goyal told ToI in an interview on Wednesday. Goyal, a chartered accountant and former investment banker, said every entity involved in the electricity chain — generators, transmission and distribution utilities as well as coal companies — have to improve their operations instead of covering inefficiencies by raising a debate over inadequate tariffs or absence of tariff revisions.

Read More   Bach to Top

Macroeconomic uncertainties major concern for investors in India: UNCTAD

India’s macroeconomic uncertainties remain a major concern for investors even as the country saw a 17% increase in foreign direct investment (FDI) to $28 billion in 2013, the United Nations Conference on Trade and Development (UNCTAD) has said in its latest World Investment Report. “India experienced a 17% increase in FDI inflows in 2013… but macroeconomic uncertainties remain a major concern for investors. The opening up of multibrand retail in 2012 has not generated the results that were expected,” the report released on Tuesday said. India has slipped from the second most favoured investment destination in 2005 to fourth position in 2014. The country’s ranking as a FDI recipient has, however, remained unchanged, at 14. s

Read More   Bach to Top

Domestic Digest

Government in process of framing separate policy for MSMEs: Kalraj Mishra

To improve the condition of micro, small and medium enterprises, the government is working on simplifying processes to facilitate such entrepreneurs and a separate policy for this sector is on the anvil. “If work is done properly, effectively and on priority basis in this sector, then we can see that a person with minimum income can get employment. He can feel self-reliant,” Union MSME Minister Kalraj Mishra told reporters here today. He said the MSME ministry is encouraging small entrepreneurs by which they can stand strongly.

Read More   Bach to Top

German agency, MSME Ministry developing support steps for small units

German Development Agency, GIZ along with the MSME Ministry and Small Industries Development Bank of India (SIDBI) is developing a range of support measures for MSMEs – both financial and non-financial. Commissioned by German Federal Ministry for Economic Cooperation and Development (BMZ), the measures are being developed and delivered under the Umbrella programme for the promotion of micro, small and medium enterprises. “At the policy level, GIZ is introducing internationally tested business promotion practices and project management techniques to help the ministry improve its policy processes. One aspect of the programme draws on German experiences in capacity development for small business associations. It is building networks of service providers specialised in meeting the needs of small businesses, thereby strengthening businesses’ entrepreneurial and innovative capacities,” GIZ said.

Now, Google searches for SME advertisers in India

After support to build websites, internet giant gears up for selling ad platform; expects to have same number of SME advertisers in India as it has globally Google, which has one million small and medium enterprise (SME) advertisers globally, expects to soon bring the same number of advertisers on its platforms in India. In 2013, Google’s total advertisement revenue stood at $50.58 billion against overall revenue of $55 billion. “Globally, Google has a more than 1 million advertisers who are small and medium businesses. India is critical for Google in terms of the number of merchants and SMEs,” said Kodukulla Suryanarayana, head of small and medium business at Google India.

Read More   Bach to Top

Banks flouting Rs 1 cr collateral-free loan norm for micro, small units

Banks continue to insist on collateral from micro, small and medium enterprises (MSMEs) despite clear provisions for providing collateral-free loans to MSMEs of up to Rs 1 crore, even as the demand for raising the limit to Rs 5 crore has come up at RBI-sponsored town hall meetings with industry associations, Knowledge & News Network – a media platform for MSMEs – reported in its latest fortnightly e-newsletter RBI officials recently met officials of the Federation of Indian Micro, Small and Medium Enterprises (FISME) and public and private sector banks to discuss issues faced by MSMEs with banks.

Read More   Bach to Top

MSME sales soar in south India

Crisil has analysed the performance of 5,890 micro, small, and medium enterprises (MSMEs) across India from 2010-11 to 2012-13 (refers to the financial year April 1 to March 31). The analysis reveals that the average sales of these CRISIL-rated enterprises grew to Rs 2,243.43 lakh in 2012-13, from Rs 1,506.83 lakh in 2010-11, at a compound annual growth rate (CAGR) of 22.02 per cent over this three-year period. This in turn was surpassed by the 32.87 per cent CAGR of the nearly 1,200 CRISIL-rated MSMEs in south India – i.e., Tamil Nadu, Kerala, Karnataka and Andhra Pradesh (including Telangana). Average MSME sales in these states grew to Rs 3,299.53 lakh in 2012-13, from Rs 1,882.83 lakh in 2010-11

Read More   Bach to Top

Easier loan norms, single-window clearance for MSMEs on anvil

The government is working on simplifying procedures related to obtain loans, raw material, marketing, labour laws, and acquiring approvals through a single-window clearance mechanism to encourage participation of small entrepreneurs in the MSME sector. “As has been advised by the Prime Minister (Narendra Modi), we will put in place a single-window clearance mechanism for the MSMEs and make all efforts to address the significant issues of raw material, marketing, capital and others in a specific timeframe,” Union MSME Minister Kalraj Mishra today said here at an Assocham conference.

Read More   Bach to Top

NSIC Rapid Incubation programme creates opportunities for self-employment

Union Minister for MSMEs, Kalraj Mishra has applauded the efforts of the National Small Industries Corporation (NSIC) that provides training in more than 200 manufacturing trades, for its Rapid Incubation programme, that creates opportunities for self-employment. “Rapid incubation programme of NSIC is the right step in transforming unemployment to self-employment by providing support services to unemployed and unskilled persons including training on machines/projects, helping in preparation of project reports, seeking government approvals, facilitating credit from financial institutions, sourcing of technology and providing market support including raw material sourcing etc,”

Read More   Bach to Top

SBI’s Budget wishlist: Target job creation, MSMEs, infra

Arundhati Bhattacharya, chairman and managing director, State Bank of India says the Finance Minister Arun Jaitley should announce such a Budegt on July 10 that leads to tremendous amount of job creation. Speaking to CNBC-TV18, Bhattacharya says job creation is one mean to ensure the economy starts moving and this growth will help both public as well as private banks. One of the sector that can generate lot of employment, she says, is the medium and small enterprises (MSMEs). “However, the sector is plagued by lack of capital and an inability to receive payments on time. So, if the FM can address these issues, it could help revive the economy,” she further adds.

Read More   Bach to Top

Niesbud’s consulting cell launched

The National Institute for Entrepreneurship and Small Business Development (Niesbud), an autonomous organisation under the Union ministry of micro, small and medium enterprises, has announced the opening of a coaching, mentoring and consultancy cell for entrepreneurs. The objective of the cell is to help and guide both prospective and existing entrepreneurs. Consultancy and guidance will be provided in six areas: Idea generation, planning, formulation and implementation; financial challenges and solutions; marketing of both new and existing ventures; human resource challenges (hiring, recruitment, training, retrenchment, motivation); expansion of ventures; and strategic planning and intervention.

Read More   Bach to Top
State Scan

Odisha    

Odisha introducing new policy to boost exports

Odisha government has proposed to introduce a new set of incentives in the form of an Export Development Assistance Scheme (EDAS) be floated on the lines of Market Development Assistance (MDA) of the Central Government to improve its export share in the country. Towards this, the state government will launch Exporters Card on the lines of Green Card to provide passage of consignment at the government check gates on priority basis. The Exporters Card will be issued to only select firms which are 100 per cent export oriented units, those designated as export houses, star export house and premier trading house as per the Directorate General of Foreign Trade (DGFT), it said.

West Bengal    

152 MSME clusters to generate jobs in West Bengal

West Bengal government has set up around 152 micro, small and medium enterprise (MSME) clusters in the state to generate over four lakh jobs, according to Chief Minister Mamata Banerjee. “Over the three years of our government, more than 35,000 new units in the sector of MSME had been set up in West Bengal, providing employment to almost 3,20,000 people,” she said on Sunday.

Karnataka    

Help desk on commercial taxes to help small scale entrepreneurs

Karnataka Small Scale Industries Association (KASSIA) has set up a help desk on commercial taxes here to help small scale entrepreneurs deal with tax-related issues. The move is certainly timely, as getting commercial tax-related queries clarified is a regular source of nuisance for small scale entrepreneurs since many of them have hardly any appropriate manpower support staff and also because of lackadaisical response of the tax officials, KASSIA send in a statement today. On the need for such a facility, President KASSIA, Chidananda M Rajamane said, “Responding to the concerns of the small scale entrepreneurs the Karnataka Small Scale Industries Association (KASSIA) has opened a Help Desk on Commercial Taxes to help sort out their tax-related issues.”

Karnataka    

Karnataka to spend Rs 1000 crore on 10 tier two cities

The Karnataka Government will spend Rs 100 crore each on 10 tier-two cities like Mysore, Mangalore, Belgaum and Gulbarga for upgrading urban infrastructure with the help of the municipal bodies. In all, Rs 1,000 crore will be spent on the initiative. The Urban Development Department, Government of Karnataka intends to take up Nagarothana Phase-3 project for upgradation of urban infrastructure and civic amenities in Mysore, Mangalore, Davanagere, Hubli-Dharwad, Belgaum, Gulbarga, Bellary, Tumkur, Shimoga and Bijapur City Corporation at a cost of Rs 100 crore for each corporation”, the state Directorate of Municipal Administration said in a press notification today.

World Watch

Pakistan    

Pharma trade can help boost Indo-Pakistan ties: Icrier

Pharma sector, which has trade potential of $1.63 billion between India and Pakistan, can be an ideal area to improve bilateral relations, says a study by economic think-tank Icrier. Allaying apprehensions among small players in Pakistan over the influx of drugs from India, it said the competition will eventually lead to survival of best quality pharma items in that country. “Consultations with stakeholders on both sides have revealed that pharmaceutical firms realise the possibility of huge benefits from increased trade and investment,” said the Icrier working paper – India-Pakistan Trade: An Analysis of the Pharmaceutical Sector’.

Read More    Back to Top

Afghanistan    

Afghanistan keen on opening Chabahar port in Iran for transit to India, bypassing Pakistan

Afghanistan is keen on opening the Chabahar port in Iran for transit to India, bypassing Pakistan, and is expecting a trilateral agreement to be signed soon. The Chabahar port in Iran is likely to significantly boost the trade volume between India and Afghanistan by providing a shorter route for transporting goods between the two countries. Besides, the port will help India obtain a direct access to Central Asia and facilitate import of minerals from Afghanistan. “We are expecting an alternative trade route to Afghanistan which will be sustainable and long term, that is the Chabahar port.

Read More    Back to Top

Bangladesh    

India – Bangladesh trade can double to USD 10 billion by 2018

India-Bangladesh trade could double to USD 10 billion by 2018, provided trading irritants like non-tariff barriers and infrastructure related issues are resolved, said an industry body. Commenting on visit of External Affairs Minister, Sushma Swaraj to Bangladesh, Director General, Confederation of Indian Industry, (CII) Chandrajit Banerjee feels that economic cooperation will get a boost and further intensify trade and Investment between the two countries. “Two-way trade between India and Bangladesh stood at USD 6.6 billion in 2013-14 with India’s exports at USD 6.1 billion and imports from Bangladesh at USD 462 million. This represents more than double the value of USD 2.7 billion five years ago. However, the trade imbalance in favour of India and decline in Bangladesh exports to India are of concern. Skewed trade could be redressed with greater investment participation of Indian companies in Bangladesh,” it said.

Read More    Back to Top

Russia    

India, Russia to explore free trade agreement

Even as the new government of Prime Minister Narendra Modi has made known its intention to review the impact of different free trade agreements on the Indian industry, India has agreed to explore another such pact with Russia. The two countries have agreed to set up a joint study group to look at the feasibility of a free trade agreement between India, the Customs Union of Russia, Belarus and Kazakhstan. This was agreed at the meeting between visiting Russian Deputy Prime Minister Dmitry O Rogozin and External Affairs Minister Sushma Swaraj here yesterday.

Read More    Back to Top
Other Events

India Material Handling & logistics Show

Date: 08th July – 10th July 2014
Venue: Pragati Maidan, New Delhi, India
See Details

Matlab Expo

Date: 10th July 2014
Venue: Nimhans Convention Centre, Bangalore, India
See Details

India Jewellery Show

Date: 11th July – 13th July 2014
Venue: YMCA Club, Ahmedabad, India
See Details
IPR Exchange
Your Views

Prime Minister Modi will take tough measures to reign in inflation and budget deficit in the forthcoming Union Budget

According to the FISME Factor, 63 per cent of the Micro, Small and Medium Enterprises (MSMEs), think that Prime Minister Narendra Modi will cut expenditure, disinvest as well as increase taxes to reign in inflation and budget in the forthcoming Union budget.
KNN News Subscribe for FREE
Knowledge Store

HR Heuristics

HR leaders must evolve to tackle talent crunch: ManpowerGroup

#Human resource leaders need to evolve themselves in three critical ways like becoming supply and demand experts, marketers and designers, to tackle talent shortages, a ManpowerGroup report says. Workforce solutions major ManpowerGroup identified three distinct roles human resources (HR) leaders must play to ensure talent sustainability for their organisations. “Macroeconomic forces continue to decrease margins, creating a need for organisations to do more with less and to have a workforce that is more agile and productive,” ManpowerGroup CEO Jonas Prising said.

Finance Fundamentals

5 Things to consider while choosing financial planner

In process of searching the right advisor, you also need to clench to areas, where you seek he

This message has been truncated.

Show Full Message

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s