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BIMTECH SME Conclave Calls for SME Growth

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Birla Institute of Management Technology organised a SME (Small and Medium Enterprises) Conclave at the PHD Chamber of Commerce, New Delhi on 19th of February.The theme of the conclave was to show a way to the SME sector to surge their way across the global scenario and enter into the galleries of MNEs (Multi-National Enterprises).

The morning session began with the welcome address by Dr Chaturvedi, the Director of the institute. The chief guest of the event was Mr Virbhadra Singh- minister for MSME Govt of India. He addressed the two most important factors that can affect the growth rates of the SMEs- technology, and availability of finance. He also urged the corporate sector to come forward and collaborate with the Government to enhance their growth prospects. The session was also addressed by Dr HP Kumar, Chairman-cum Managing Director, NSIC (National Small Industries Corporation), and Mr Rajesh Khosla, Managing Director MMTC- PAMP.

 

The key issues addressed by Dr Kumar were the need to be cost effective, and access to information in order to take the right decisions. Mr Rajesh Khosla emphasised the need of technology for the success of any industrial ventures. He termed the present age to be going through an exponential change, and laid the school of thought on the ‘Knowledge creation and Dissemination’.
 
Eminent speakers like Mr. Ajay Sahai; director general of FIEO, Mr. Alejandro Palaez; director of Pro Export Columbia commercial office, Mr. K.K Duggal; regional director of GJEPC, Mr. O P. Garg; entrepreneur and chairman of CEPC etc participated in the session“Exports as a growth strategy- Governmental infrastructure and institutional framework for export generation”. The session was moderated by Prof K.K. Sinha, BIMTECH.

Mr. Sahai started the session with precise and specific statistics about the Indian economy and the present export scenario. Citing the recent volatility in the foreign exchange market, he opined that the government should intervene and protect the interest of the Indian exporters. Mr. Alejandro Palaez shed light on the attractiveness of the Columbian market for those SMEs aspiring to become MNEs. Mr. Duggal gave a non-conventional outlook to the role of SMEs by stating that they can contribute to the nation by means of import substitution rather than merely focusing on the exports. The chairman of CEPC, Mr. O P. Garg emphasised on the problems of the Indian exporters: high transaction costs and interest rates which make them less competitive in the international market.

The Post lunch session brainstormed on the importance of new emerging markets, the means to entry, the different initiatives and the opportunities in these markets. The session was moderated by Prof. Arun Sahay, and the eminent speakers on the panel were Mr. Philippe Jauffret- Associate Director, Ernst and Young Pvt Ltd; Mr D.S. Gangawar from STC; and Dr. Surinder P.S. Puthi, Chairman Emeritus. The key highlight of the session was the discussion on the Pendulum of Power shifting through various Economies of the World throughout the times immemorial, as laid out by Dr. Pruthi. Further, Mr. Jauffret presented the observations of Ernst and Young regarding the top companies that have emerged from the growing economies- i.e. Brazil, Russia, India and China. The session ended with an open forum with the speakers addressing the issues raised by various delegates and the students.

The last session discussed the monetary issues and the financial solutions for the MSME sector. The distinguished panellists Mr. Raman Roy; Chairman and MD of Quatrro, Mr. N.K. Sharma; general manager of SIDBI’s northern zonal office, Mr. Ranjit Shastri; executive director of IVCA and Prof. Jagdish Shettigar; chairman ICPP-BIMTECH discussed about the possibilities of a separate exchange for the SMEs, various funding options to expand their operations and rehabilitation. The session was moderated by Prof. Ashok Malhotra, BIMTECH. Mr. Raman Roy gave an exclusive picture of the entrepreneurial traits and its importance in the SME sector. The day ended with a summary and vote of thanks by Dr. Anupam Varma; deputy director- BIMTECH.

 

Last Updated ( Wednesday, 23 February 2011 21:57 )  

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