Activities Round Up

Date : 29 Oct to 29 Oct 2012
Place : New Delhi
Organised by : FISME

FISME jointly organised the launch of Businessworld SME Whitebook 2012-13


Businessworld’s fourth edition of the SME Whitebook 2012-13, a handbook for Small and Medium Enterprises was launched on Oct 29, 2012, at Le Meridien, New Delhi. The book provides a sectoral analysis of industry verticals and latest data crucial for SMEs. The Federation of Indian Micro and Small & Medium Enterprises was the SME partner and jointly organised the event.

The SME Whitebook is considered as the guideline for the SMEs as it also consists of expert’s view on the sector. “The SME Whitebook 2012-13 will be very useful for SMEs in the globalised environment and the information will help their transformation from small to big,” said, Mr K V Srinivasan, CEO-Reliance Commercial Finance.  

The event started with the welcome address of Rajeev Dubey, Executive Editor, Businessworld followed by the panel discussion on “the New World Order” which gave the insight knowledge about the SME sector. The panellists were Mr Anil Bhardwaj, Secretary General-FISME, Mr Manish Pant, Managing Director Luminous Technologies Pvt Limited, Mr Dinesh Agarwal, CEO-IndiaMART, Mr KV Srinivasan, CEO-Reliance Commercial Finance, Ramesh Pandey, IFS and Mr Rajeev Dubey, Executive Editor, Businessworld.

Highlighting the contribution of SMEs, Mr Dinesh Agarwal, CEO, IndiaMart, said, “SMEs contribute 14%-17% to GDP and they achieved it in adverse market scenario. They would have contributed more, if the government has provided them with better infrastructure and financial support.” 

The panel discussed about Cloud Computing-its usefulness, global slowdown-its effects, FDI in retail, depreciation of money and how it is beneficial for exporters, financial constraints-the biggest challenge for the growth of SMEs, the newly opened Bombay Stock Exchange & National Stock Exchange SME exchange and Information Communication Technology-usefulness & adoption by SMEs.

Comparing India’s growth with that of China, Mr Anil Bhardwaj, Secretaryu General, FISME, said, “China is making progress, as they are driven by exports, and India can also achieve the same with better strategy to fulfil the domestic consumption.”

Talking about FDI in retail, Mr Bhardwaj said, “We need to bargain with foreign countries in a better way, so that SMEs can make use of technology and foreign investment.”

At the end of the discussion, MSME entrepreneurs got an opportunity to interact one-to-one with the various panellists, network and get their doubts cleared. The event concluded with launch of the most awaited SME Whitebook.