Editorials
by Rajen Kumar
No Escaping Social Media
Running a magazine concentrating on issues of small and medium enterprises and managing with limited resources is a like living life on the edge. In this rush of meeting deadlines,...
More
Special Reports
Apr 2012EMRC, Brussels Associates with SME WORLD as its New Media Partner
EMRC has promoted business partnerships with the developing world and has organised dozens of business forums in key decision-making cities, such as Amsterdam, Rome,...
More
Top Stories
CII MSME Council Proposes - 10-Point Agenda for SMEs
Jan 2009
1. Launch of Visionary SMEs programme on breakthrough and innovation, targeting about 800 SMEs over a period of 4 years with 80 to come up as the future 'Hondas and Toyotas'.
2. Establishment of the SME exchange to create an effective market for raising of equity funds by the SMEs located in remote parts of the country, especially by those which are excellent in performance, but need infusion of fresh capital for expansion of business. There is a strong need for an SME Exchange, which can enable such SMEs to raise small capital from public. This would provide an exit route to investors such as Venture Capitalists & facilitate the growth of MSMEs.
3. Promotion of Climate Friendly Energy Technologies to enhance self-reliance on energy and increase responsibility towards the environment. CII strongly advocates the need to create a Central Climate Friendly Technology Fund to help MSMEs to adopt Climate Friendly technologies.
4. Implementation of the MSMED Act at state levels, in close cooperation with the Central, State Governments & local bodies. Simultaneously, there is also a need for a reduction in the number of litigations through simplification of fiscal & operational regulatory framework for the MSMEs.
5. The Indian diaspora is an important source of Foreign Direct Investment (FDI) in the SMEs, therefore there is a need for Single window of information, maintenance of comprehensive statistics on all FDI in SME sector, and policy guidelines to encourage FDI participation by NRIs in the SME sector this would include no export obligation, continuing SSI status even if FDI is more than 24%, separate platform for facilitation, automatic approval for 100% FDI from NRIs, and other promotional measures.
6. Information & Communication Technology (ICT) should be promoted among MSMEs, Cluster interventions through the various CII Centres for Excellence would be undertaken to address issues related to internal efficiency and productivity of MSMEs, through IT applications.
To improve IT consumption in SMEs, it is recommended that the Government considers according 100% depreciation, once in a block of three financial years, for an annual investment in IT equipment and software up to a limit of Rupees Twenty Five Lakhs, to the MSMEs,
7. To enhance competitiveness and linkages with the large industry for the MSMEs, capacity building assumes priority. CII through its L M Thapar Centre for Competitiveness for SMEs would work upon launching 5 lean manufacturing clusters impacting 50 MSMEs and also take the number of clusters from 133 to 150. CII would also supplement this effort with the establishment of an Academy of Counsellors, with support from the National Skill development programme.
8. The enactment of the Limited Liability Partnership (LLP) Act will limit the liability of the partners to their equity contribution as well as facilitate bringing in external equity participation for the MSMEs.
9. To identify and recognize MSMEs that have excelled on a broader horizon of business performance and to integrate them with the Global Value Chains (GVCs), CII would institutionalize SME Excellence Awards in partnership with GE. This would help in showcasing the highest level of performance set / achieved by SMEs in India, which can serve as benchmark for others within and outside the industry sector.
10. To share and disseminate information and implement a-state- of-the-art virtual market place in a holistic eco-system where SMEs and their supporting institutions would participate for problem solving, share best practices and facilitate B to B and B to C activities for MSMEs. CII proposes to launch a unique MSME portal this year.
1 Comments >>
Ramesh S. Bhide
18 Jan 2012 (07:16:47)
I take this opportunity to introduce you as 67 years young Consulting Engineer in the field of Reverse Engineering and Geo-physicist( Engineering Geo-physics and earthquake prediction system development. I am a True Mentor by heart of BYST with high honor to Late Shree JRD TATA I am keen to guide young entrepreneurs through SME workshops organized by CII in Maharashtra and Goa as BYST Mentor
Ramesh S. Bhide.
Post Box No.784, Pune 411030
M.No.8149113185
Our Achievements
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
More
The Last Word
More Learned than Educated, You were!
I was speechless. Rather hesitatingly I asked him, “So, what have you decided, Sominder ?” His reply was curt and candid, “I have told the doctors that I don’t want to live life as dumb. Only...
More
Contribute
You can also write for SME WORLD
We are looking for writers and experts to contribute original stories and articles. Send an email to smeworld@gmail.com with your story idea and lets get talking.
Some of our valued contributors are...