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  The FISME Factor  

 

President's Message
Dr. Sangam Kurade, President, FISME " The recent electoral victory of BJP in Uttar Pradesh and Uttarakhand has been unprecedented. It may have huge political as well as economic repercussions. It has been widely agreed that one of the chief reasons for tardy economic reforms in India has been coalition governments since 1991. The motley group of parties with different ideologies would make change in status quo impossible. The NDA II broke the jinx and won the Lok Sabha with clear majority in 2014. Yet majority still eludes in the Rajya Sabha. The UP verdict would eradicate this handicap too. Therefore, now for the first time in the recent history we have a party in power having majority in both houses of the Parliament. And as is evident after recent demonetization exercise, masses are also behind the Prime Minister Modi ready to swallow the bitter pill in larger national interests. Therefore, there is no excuse for not unleashing second generation of economic reforms beginning with Banking and Labour. It is historical moment indeed and should not be allowed to go waste. We, the stakeholders should also do our homework and be ready with what we seek to change. In order to not just survive, but Prosper. And so we march on….. "
Dr. Sangam Kurade, President, FISME
Vol V, Issue 127: March 15, 2017
Activities
FISME’s presentation before Members of Parliament
FISME organizes 16 awareness programmes on ZED in Tamil Nadu, Andhra Pradesh, West Bengal and Kerala
FISME ‘MSME Defence Suppliers’ Group organises Interactive session in Bangalore on the trillion rupee defence market
FISME organises MSME delegation to TIMTOS, Taiwan
National Board for Quality Promotion reconstituted; FISME to represent MSMEs
Business Banter: Lessons from Entrepreneurs
Startup lessons: How to enter foreign markets and deal with bribery
Macro Metre
Delhi economy booms, per capita income rises
Banks must increase lending to MSME sector: Kalraj Mishra Knowledge and News Network (KNN)
Finance Bill would be passed by the Parliament before the 31st March: Jaitley Knowledge and News Network (KNN)
Domestic Digest
MSMEs looking for Justice in early recovery of delayed payment; SC ruling awaited Knowledge and News Network (KNN)
MSMEs can now update or edit their info on UAM: MoMSME
State Scan
Karnataka has Rs 10 crore for women entrepreneurs Knowledge and News Network (KNN)
Three Mega Food Parks to come up in Maharashtra
World Watch
Commerce Minister sees scope for ties with Africa in pharma, food security
US’ first trade salvo to hit India’s export sops
Knowledge Store
Ease of doing business: Big changes by Modi Govt will allow you to start a business in 6 days
...And A Lot More
Activities

FISME’s presentation before Members of Parliament

Anil Bhardwaj, Secretary General of Federation of Indian Micro and Small & Medium Enterprises (FISME) was invited to make a presentation before a section of Members of the Parliament on the challenges faced by Indian MSMEs. Elucidating on various initiatives taken by successive governments to protect and promote MSMEs, he sought assistance of MPs in resolving four major issues namely continuously rising cost of compliance of Labour laws, problems in MSMEs’ access to finance, Public Procurement related issues and the need for a Grievance redressal cum feed-back mechanism at all levels of government.

FISME organizes 16 awareness programmes on ZED in Tamil Nadu, Andhra Pradesh, West Bengal and Kerala

A series of programmes has been scheduled across the country to create awareness among MSMEs on ZED (Zero Effect and Zero Defect) Certification process. Tamil Nadu, Telangana, Andhra Pradesh and Kerala are the few states where these programmes were held recently. TANSTIA, LSLSI, FOSMI, KSSIA were the partner associations in their respective states.

FISME ‘MSME Defence Suppliers’ Group organises Interactive session in Bangalore on the trillion rupee defence market

FISME, the leading federation of Indian MSMEs, recently organised a meeting of its ‘MSME Defence Suppliers’ Group’ in Bangalore. With the launching of the ‘Make in India’ mission by Manohar Parikkar, the till recent Defence Minister, the multibillion dollar defence procurement market was opened to Indian Industry, including MSMEs. To make an early start, FISME formed the ‘MSME Defence Suppliers’ Group’ (MDSG) in 2015 which was launched at a National Seminar on Opportunities in defence procurement for MSMEs’ by the Defence Minister.

FISME organises MSME delegation to TIMTOS, Taiwan

A large Indian delegation comprising of fifty eight micro, small and medium enterprises (MSMEs) is visiting the 26thTaipei International Machine Tool Show (TIMTOS) to look out for the latest manufacturing technologies. The delegation, being coordinated by India’s premier industry body Federation of Indian Micro and Small & Medium Enterprises (FISME), is visiting the Trade Fair and also participating in Business to Business meetings from 7~9 Match 2017 in Taipei.

National Board for Quality Promotion reconstituted; FISME to represent MSMEs

The National Board for Quality Promotion (NBQP), a constituent Board of Quality Council of India, is being reconstituted and would now include industry body FISME as one of its members. Roping in Federation of Indian Micro and Small & Medium Enterprises (FISME), the apex body for MSME associations across the country, as its member, NBQP said, “FISME is a premier MSME sector association which is actively engaged in promoting Quality. The Board has thus decided to invite FISME to join NBQP Board as a member.”
Business Banter: Lessons from Entrepreneurs

Startup lessons: How to enter foreign markets and deal with bribery

The CEO of a small tech startup from India is sitting opposite table with the head of a Malaysian trade association, with which he is trying to forge a deal. The client is essential for the sustainability of the startup’s revenues. The CEO has spent days in Malaysia being the only sales guy from the 8-member startup based in India. The association head asks for a bribe straight away. He said it could be delivered to him through his man in India. The CEO refuses.
Writing on the Wall


Back to business: Assembly poll verdict is Modi's best chance for reforms

“Prime Minister Narendra Modi’s stunning performance in the recent Assembly elections puts him in the sweet spot to pursue economic and administrative reforms that can substantively boost investments and jobs, his core poll promise since 2014. Several of these reforms are low-hanging fruit, and others may be tougher and demand a longer term agenda….”



Media Monitor

Macro Metre

Delhi economy booms, per capita income rises

Delhi's economy grew at 8.34 per cent in 2015-16, with the per capita income rising to three times the national level, Lt Governor Anil Baijal said on Monday. Addressing the Delhi assembly at the start of the budget session, Baijal said Delhi's per capita income in fiscal 2015-16 as per advance estimates of Gross State Domestic Product (GSDP) was Rs 280,142, compared to Rs 93,293 at the national level. Delhi's per capita income "is three times higher than the per capita income at national level", he said.

Banks must increase lending to MSME sector: Kalraj Mishra

Union MSME Minister Kalraj Mihra has asked the banks to increase lending to the sector as it is the largest employment generating sector and the growth engine of the economy. Mishra also asked the banks to further lend towards helping SC (scheduled class) and ST (scheduled tribes) segment. He was addressing at the women's entrepreneurs convention on Wednesday. He said the government was providing support through SIDBI and efforts are being taken to prevent MSME units from turning sick.

Finance Bill would be passed by the Parliament before the 31st March: Jaitley

The Finance Bill would be passed by the Parliament before the 31st March, 2017, therefore, the different Ministries should be in a stage of readiness as the funds for various schemes would be available with effect from 1st April, 2017, said Union Finance Minister Arun Jaitley. Jaitley was addressing all the Financial Advisors in the different Central Ministries/Departments after releasing the Revised General Financial Rules (GFRs) – 2017 at the Conference of the Financial Advisors (FAs) in the national capital on Tuesday.

Domestic Digest

MSMEs looking for Justice in early recovery of delayed payment; SC ruling awaited

One of the key problems forcefully turning the MSME suppliers into NPAs is the vicious cycle of bad payments by their large buyers and their run against time to fight the cases in the court and at the same time struggle to repay loans to the banks before they term them as ‘bad loans’. While the Government has made adequate legal provisions under the MSME Development Act, 2006 to enforce payment to micro and small enterprises on time, very few entrepreneurs ask for the legal measures due to the enormous delay in the legal process.

Govt is open to changing definition of a 'startup': DIPP Secy

The government is inviting feedback from various sectors to modify the definition of Indian businesses that can be classified as ‘startups’. DIPP secretary Ramesh Abhishek said that the definition of startups in its current form needs to undergo a change. “We would be happy to make it even more broad-based. We are not hung up on definition. For example, startups working in biotech, nothing happens before eight years. Maybe we can have different periods for different kinds of startups...to be much more inclusive on the ground reality,” Abhishek said at an event on Monday.

MSMEs can now update or edit their info on UAM: MoMSME

In a move to improve ease of doing business for micro, small and medium enterprises (MSMEs), the Ministry of MSME has introduced a new provision to enable applicants edit the Udyog Aadhar Memorandum. The applicants can now Edit or Update their information in Udyog Aadhaar. They will get a One Time Password to either mobile linked to Aadhar or the mobile number given during UAM filing or will be sent via email to the applicant.

Paytm opens platform for entrepreneurs for recurring payment services

Digital wallet Paytm has started recurring billing service for companies which work on a digital-subscription model of revenue. The feature provides services, utilities, and media, among others. The feature will allow developers and entrepreneurs utilise Paytm as a channel for recurring payments. After one-time authorisation, subscription amount will be autodebited from their Paytm wallet periodically. “Our easy-to-integrate subscription billing service would make payments easier and seamless than ever before while allowing newage entrepreneurs to offer innovative services at an aggressive pricing.
State Scan

Karnataka    

Karnataka has Rs 10 crore for women entrepreneurs

The Karnataka government has launched a Rs 10-crore fund for women entrepreneurs, through which the Department of Information Technology, Biotechnology and Science & Technology can sanction upto Rs 50 lakhs for any woman innovator looking for funds for proof of concept validation, certification, and for other purposes such as to cover costs in manufacturing pilot devices. The state government announced the new Idea2POC (Idea to Proof of Concept) fund on the occasion of International Women's Day this week. Karnataka already has three other Idea2POC funds, one for all technology sectors (Rs 10 crore), one focused on agriculture (Rs 2.5 crore) and another focused on tourism (Rs 2.5 crore).

Telangana    

TSIIC to develop industrial parks, upgrade old parks under Centre’s MSE-CDP

The Telangana State Industrial Infrastructure Corporation Ltd (TSIIC) has decided to develop new industrial parks as well as upgrade old industrial parks under the Central Government’s Micro & Small Enterprises - Cluster Development Programme (MSE-CDP). In a meeting held by the corporation, the officials discussed development of at least one park in each district with at a cost of Rs 10 crore. The Industrial Area Local Authority (IALA) will be investing Rs 2 crore for the project while the Central Government will release Rs 8 crore.

Uttar Pradesh    

BJP wins UP: MSMEs happy with the change; say it’s an end of dynasty & caste politics and beginning of industrialization

With BJP's remarkable victory in Uttar Pradesh Assembly Elections, the micro, small and medium enterprises (MSMEs) have expressed immense happiness with the change and believe that the state will finally see development of sectors other than just real estate. Talking to KNN, the UP MSMEs have welcomed the public’s decision to choose development rather that go for dynasty and caste based politics.
World Watch

AFRICA    

Commerce Minister sees scope for ties with Africa in pharma, food security

With growth in the developed world still shaky, India and Africa have a great opportunity to increase trade as equal partners, said Commerce Minister Nirmala Sitharaman. “There has been an increase in India-Africa trade over the past few years,” Sitharaman said speaking at the ‘India-Africa Project Partnership’ conclave on Monday, adding that it could grow manifold in the future. The conclave, jointly organised by the Centre, Exim Bank, and industry body CII, is a platform to bring together Indian and African entrepreneurs and decision makers.
Read More    Back to Top

UNITED STATES OF AMERICA    

US’ first trade salvo to hit India’s export sops

Doing business with the Trump regime is not going to be easy for Delhi. If the H-1B visa row was not enough, serious troubles lie ahead on the trade and investment fronts, too. The first indication of the trouble comes from the 2017 Trade Policy Agenda unveiled by the Trump administration. This document says ominously that the US will come down on India’s export subsidy programmes, and push for a stricter regime for intellectual property rights and patents.
Read More    Back to Top

CANADA    

India and Canada stresses on need to conclude CEPA in a time bound manner

Both India and Canada agreed that the present trade between the two countries which is in the range of $ 8 billion is much below its potential and there is a need to conclude CEPA in a time bound manner for ensuring higher levels of trade in goods and services. During the bilateral meeting held on Friday between visiting Canadian Minister of International Trade, François-Philippe Champagne and Commerce and Industry Minister Nirmala Sitharaman, both the Ministers directed the respective Chief Negotiators on both sides to agree on a time line and conclude it as per the agreed time line.
Read More    Back to Top

VIETNAM    

Ban on Vietnam coffee imports will hit India’s re-exports

India’s move to ban farm product imports from Vietnam on phytosanitary issues will hurt the exports of value-added instant coffees from the country, exporters said. Instant coffee makers in India such as Tata Coffee, CCL Products and Nestle India, among others, depend on Vietnam for cheaper robusta imports and re-export the same after value-addition here. Vietnam is a major producer of the robusta variety.
Read More    Back to Top
Upcoming Events
Seminar on Trade Facilitation
Date: 27th March 2017
Venue: Hyderabad
Zed Events
Awareness programme on ZED Certification Scheme
March 2017
Tamil Nadu
Telangana
Kerala
Andhra Pradesh
FISME’s official Twitter handle
@fisme
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
@knnindia
Anil Bhardwaj, Secretary General
@abhardwaj_fisme
Other Events

Startupreneurs Chennai

Date: 17th March 2017
Venue: SMS Convention Hall, Jaipur
See Details

India Engineering Sourcing Show

Date: 16th – 18th March
Venue: Chennai Trade Centre
See Details

Tea Festival India

Date: 18th – 19th March 2017
Venue: JW Marriott Hotel, Bengaluru
See Details

Optic Expo

Date: 18th – 20th March 2017
Venue: Gujarat University Exhibition Hall, Ahmedabad
See Details

Chemicals and Plastic Exhibition

Date: 21st – 22nd March 2017
Venue: Bombay Convention and Exhibition Centre, Mumbai
See Details

Business Opportunities Show Agra

Date: 23rd March 2017
Venue: Hotel Howard Plaza The Fern, Agra
See Details
IPR Exchange
Your Views

Do you think the tax relief offered by Arun Jaitley to the individual taxpayer is enough to cushion the note ban blow?

According to the FISME Factor, 59 percent of Micro, Small & Medium Enterprises are of the opinion that the tax relief offered in the budget to the individual taxpayer is sufficient to cushion the note ban blow while 25 percent think otherwise.
Knowledge Store

HR Heuristics

Only 8% of companies manage to scale. Here's their secret

It is a dumbfounding piece of statistic that 92% businesses fail to scale. You would think that in line with the popular adage 'change is the only constant', this number would get better too. And yet, it is one that has defied norms, and stayed constant through the times.

Finance Fundamentals

How UPI, online accounting software can help you collect payments on time

How often do you hear your customers say, 'I lost your invoice' or 'We already sent a cheque through the post, you just haven't received it'?

Marketing Mantras

From Indore to hitting the big league, snack brand Yellow Diamond has come a long way!

In the early 90s, Indore-born Amit Kumat was a young student in the US and an important part of his food-routine was a potpourri of daal and rice with Lays chips (as a replacement for the desi papad). His belief in the power and potential of snacks as a sunrise category firmed up then itself, he recalls. It was in 2004 that Yellow Diamond was launched as a home-grown snack offering by founders, Amit Kumat, MD & CEO, Prataap Snacks, along with Apurva Kumat and Arvind Mehta.

Policy Polemic

As entry into the crorepati club halves in startups, restructuring claims its new victims

For Indians, eight figure pay packages traditionally announced their entry into an exclusive club: This year, its membership more than halved at bulge-bracket startups, where packages are fast dropping a digit to the right. Technical or operational leaders aren’t the sole victims of restructuring or diminished fund flows to the sector where CXO pay, too, is headed south.

SME Special

Ease of doing business: Big changes by Modi Govt will allow you to start a business in 6 days

In a major push by the Government to improve ease of doing business in India, by March-end you will be able to start a business in India in six days, compared to the current 26 days. The number of procedures will also be halved from the current 12 to only six.

Success Story

How an unsuccessful attempt at Olympics and entrepreneurship led Deepinder Singh to start 75F

Minneapolis-based 75F makes building management solutions which they claim would make a building's heating, ventilation and air conditioning smarter, energy efficient and affordable. They launched their operations in India in 2016.

Stockpile

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Consumer Price Index numbers on base 2012=100 for rural, urban and combined for the month of June 2016

Quotable Quotes

“ Too little confidence and you’re unable to act; too much confidence and you’re unable to hear. ”
– John Maeda, is an American Executive, designer, technologist. He is Global Head, Computational Design and Inclusion at Automattic.
 
Country Chronicles
 
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Starting a New Venture
 
Coming August, K J Somaiya Institute of Management Studies and Research located in Vidyavihar, Mumbai is launching a certificate programme on Creating New Ventures.
New Members

4 New Members Join FISME

During the period from 01st January 2017 to 15th January 2017 a total of 4 new MSME became member of FISME

Reader Reactions

Write and Win prize!

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Opportunities
Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Simmi Nagpal
Types setting & websdesigning: Sanjay Sachan  
Video & Photography:  Vipul Kumar Chettry

 

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