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President's Message
Prime Minister Modi announced 12 key initiatives for MSMEs earlier this month. A few of them are substantive too. One with immediate impact would be of hiking mandatory target for central agencies to procure from MSEs from 20% to 25%. Secondly, all companies with a turnover more than Rs. 500 crore, must now compulsorily come on Trade Receivables e-Discounting System (TReDS). The latter when functional could address working capital problem of large number of MSEs. A few of the announcements, like interest subvention, simplification in labour laws etc are fine but would have little impact. But the biggest announcement, approving loan up to Rs. 1 Crore in 59 min, trivialises the whole exercise somewhat. It is true that MSMEs are starved of funds and they do face enormous hardships in accessing loans. But directing banks to sanction loans in 59 min will result in two outcomes: either nobody would follow the directive and it would remain a paper announcement where bank would handover a chit to loanee with ‘in principle sanction’ with conditions or loans would be disbursed indiscriminately putting large chunks of public money in jeopardy because due diligence is impossible in such a short time. Either way, the loser would MSME sector. What is needed is to see that markets work in a fashion that lending to MSMEs becomes a solid business case. It becomes attractive because for sound economic reason than a directive. The experience of last 50 years of priority sector lending (including to MSME sector) proves directed lending is doomed.
"
In line with its vision of transforming the way India buys & sells, Amazon India today announced a partnership with FISME (The Federation of Indian Micro and Small & Medium Enterprises) to empower Micro, Small & Medium Enterprises (MSMEs) to leverage growth opportunities in the e-commerce sector. As per the MoU, Amazon.in in collaboration with FISME will conduct various events and workshops across the country that will enable and encourage the MSMEs in India to sell their products to millions of consumers from India and across the globe by leveraging e-commerce marketplace solutions.
“Just do it” “Move fast, break things” “Vague but cool quote from the show Silicon Valley”, these are 3 of the most common posters you’re likely to find at an early stage start-up office across the country, hung right above a fast-paced CEO, a zealous techie & 3 cans of Red-Bull. It also happens to be the basic extent of translating company vision/goals in some form of communication to external/internal stakeholders. Cliches aside, as an early stage entrepreneur & a communications professional, in conversations with young entrepreneurs who believe that investing in communication is ‘expensive’ ‘tiresome’ & ‘deserved for a more evolved stage’.
If anything, this data revision by the government, which shows that the growth during the UPA years is even lower than the growth in the past four years, is hard to reconcile for one reason -- the first UPA government witnessed tremendous economic tailwinds. The GDP growth controversy is unlikely to die out any time soon. How otherwise do you explain such radically different growth numbers, while doing the back calculation after the new series? Especially as the National Statistical Commission calculations, which had been briefly released by accident and then were hastily withdrawn, had worked out very different growth numbers.
The New Industrial Policy, which will replace the 27-year-old existing policy, has been sent for the Union Cabinet’s consideration, said Suresh Prabhu, Commerce and Industry Minister.
Prabhu said "For the industrial policy, the cabinet note has been sent. We were putting in place an action plan on how to implement it and that is why it took time." The new industrial policy aims to resolve bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.
Prabhu proposed the new regime that aims to create jobs for the next two decades and attract $100 billion foreign direct investment (FDI) annually.
The targets for the year 2018-19 for assistance under PMEGP have been increased by more than 50% due to increased budget allocation for PMEGP, the Parliament was informed.
In a reply to a question in the Rajya Sabha today, the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh said budgetary allocation for PMEGP, was increased to Rs.1800.64 crore for 2018-19 as against Rs.1024.49 crore during the year 2017-18.
The targeted number of units to be set up during 2018-19 is 66,700 as against the target of 50,784 in 2017-18.
On the basis of an assessment of the current and evolving macroeconomic situation, Reserve bank of India (RBI) has maintained status quo by keeping the repo rate unchanged as per market expectations.
In the fifth bi-monthly monetary policy statement, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
On April 1, 2019, the new simplified GST return forms will be rolled out, said Ajay Bhushan Pandey, Revenue Secretary.
This step has been taken as the current GST forms had been criticized for being extremely complex and riddled with problems.
In July, the Central Board of Indirect Taxes and Customs (CBIC) had put up in public domain draft GST return forms Sahaj and Sugam and sought public comments.
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from the GST.
As many as 17 Business Incubators from across the country developed strategic business plan for their incubators. These plans were developed in the 2-day strategy workshop of incubators on innovation services in New Delhi on 11th & 12th December 2018. The workshop was organized under the ambit of MSME INNO, an Indo-German bilateral project to promote innovation in MSMEs. MSME INNO is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the Ministry of MSME.
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Tata Technologies Ltd will work together to bring the innovation in the DNA of work culture, said Vikrant Gandhe, Company Secretary and Head- Corporate Sustainability, Tata Technologies Limited.
GIZ inked pact with Tata Technologies Limited during a conclave titled ‘Collaborate to Innovate’ organized recently to promote innovation in Small and Medium Enterprises (SMEs). Speaking with KNN India, he said that the objective of MoU is to focus on institutes and industry collaboration to change the mindset in order to bring innovation as a part of work culture.
Ministry of MSME is devising policies in such a way that support system will be developed to provide innovation support to MSMEs, said PM Parlewar, Director, DC MSME, while talking to KNN India.
He said this on the sidelines of a conclave 'Collaborate to Innovate' held in Pune last week. The innovation conclave was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Mahratta Chamber of Commerce and Industries (MCCIA) with the support of MSME Ministry, Government of India.
A MSME support and outreach programme was organized in Ludhiana, for apparel and handloom sector at the MSME Development Institute.
The programme was organized by Ministry Of MSME, Development Institute (MSME-DI), Ludhiana, for enhancing the productivity and competitiveness as well as capacity building of the MSMEs and their collectives in the country.
Since the digital portal of granting Rs. 1crore loan in 59mins was launched, around 343 applicants have been sanctioned a loan amount Rs.9,919 crore while loan amount of Rs.9.18 crore has been disbursed to more than 130 applicants, said Nisar Ahmad Khan, Deputy lead district manager, Punjab and Sind Bank.
In the last one year, the Non-Performing Assets (NPAs) in Gujarat have risen by over 25% to Rs 39,289 crore and both Micro, Small, Medium enterprises (MSMEs) and corporates have contributed to this rise of bad loans, according to State Level Bankers’ Committee (SLBC) report.
The gross NPAs of banks in the state, at the end of September 30, 2018, stood at Rs 39,289 crore which is 6.88% of the total loans amounting to Rs 5,60,870 crore, stated the latest report during a meeting.
The District Industries Promotion Committee, in a meeting this week, has decided to allocated as many as 120 plots in the industrial park at Gurrampalem near Pendurty in the city for the 75 new MSME units.
During the meeting, presided over by the Collector and Chairman of the Committee Pravin Kumar, the new proposals submitted by the entrepreneurs were accepted by the committee. The committee has allocated four plots at the Narsipatnam-Rachapalli Industrial Park for a new MSME unit. The committee screened 30 claims submitted for the industrial promotion incentives.
The meeting has accepted 23 claims and ordered to release Rs 82 lakh to the 23 units. The committee has rejected 7 claims.
After approving one time settlement scheme to revive sick industrial units in Punjab, the state government has decided to refund value added tax (VAT) by March 2019.
Minister for Industries Sunder Sham Arora said the state government would refund value added tax (VAT) by March 2019.
Earlier, specific dates were given twice by Arora to the industrialists, whose VAT refunds amounting to several crores were still pending.
The Minister for Industries who was in the city to inaugurate the 5th MACHMA Expo-2018 along with other dignitaries said the one-time settlement policy of the government would revive sick industrial units as most of their interest amount would be waived-off.
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MoU) here today to strengthen the innovation ecosystem in Small and Medium Enterprises (SMEs).
The MoU was signed during an innovation conclave organized by MCCIA and GIZ with the support of Ministry of Micro, Small and Medium Enterprises, Government of India.
A memorandum of understanding has been signed between Andhra Pradesh Economic Development Board (APEDB) and Daiki Aluminium Industry of Japan under which Daiki will invest up to USD 30 million (about Rs.225 crore) in AP to build an aluminium alloy unit with a capacity of 84,000 tonnes per year.
The project is expected to generate direct employment for 600 people.
The company has submitted the detailed project report and will apply for pre-establishment approvals and clearances soon.
The foundation stone is planned to be laid in early February.
US Commerce Secretary Wilbur Ross has said that he will visit India in February to attend the bilateral commercial dialogue and the Trump administration is sending a major trade mission to the country next year.
"I'm happy to report that I'm scheduled to visit India this coming February. I'll be co-chairing the US-India Commercial Dialogue and the US- India CEO forum with my Indian counterpart, (commerce and industry) minister (Suresh) Prabhu," Ross said at a farewell reception organised for the outgoing Indian Ambassador to the US, Navtej Singh Sarna.
China is now keen to import pomegranate, grapes, soyameal, fish oil and fish meal from India apart from non-basmati rice and sugar it had decided to buy earlier. Beijing will send teams to inspect pomegranate and grape orchards, and soy processing units this month.
In a meeting last week with Chinese vice minister Hu Wei, India also pushed for exporting okra, sapota (chikoo), milk and bovine meat to China while Beijing made a case for New Delhi to resume imports of milk and dairy products, apples and pears.
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. Do you think that the economy is coming back to the track?
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. According to FISME factor 100 per cent of MSMEs think that the economy is coming back to the track.
How can employers ensure positive employee experience?
Considering that experiences matter way more than money to people today, it is not without reason that organisations are giving serious thought to creating ideal employee experiences. Today’s employees expect great experiences at work. And these experiences provide a competitive edge. So how do organisations provide them? Through their leaders and workplace practices of course!
Are you a disciplined person who does not miss on any credit card bill payments, ensures payment of the entire monthly outstanding and within the stipulated time. Are you disciplined enough not to overspend your credit limit buying those attractive toys and services, just because you couldn't resist the urge and it's so easy to use that credit card.
Marketing strategies that can help small businesses succeed
Cutting-edge technologies today are disrupting the digital world. These technologies are being used along with digital marketing strategies by organizations of all sizes to stay ahead of the market. The ultimate objective of businesses across industries is to maximize their sales and returns on investment (ROI) while spending the least on cost-per-acquisition (CPA).
Reduction in drawback rates on garments might have negative impact on exports
For several textile items, the Indian government has marginally increased duty drawback rates applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
“The reduction in drawback rates on garments might have negative impact on exports,” said P Nataraj, chairman, Southern India Mills Association (SIMA), in a release.
How innovating has helped these 3 youngsters generate a turnover of Rs 1 crore in 8 months
In a world where Alexa can order a cab for you and Siri can give you a weather update, can’t daily-use products around the home simplify your life? Eventuate Innovations works on that premise. Founded by in 2016, the Mumbai-based startup is the brainchild of three young engineers - Ritu Malhotra, 23; Prateek Malhotra, 26; and Pratik Harde, 27. The innovations it offers include an aquarium that can clean itself and feed your fish and a self-watering and fertilising planter.
Freight logistics startup Vaahika uses tech to bring vendors and transporters on same platform
Deepinder Singh owns 15 trucks and has over 100 registered as affiliates. Every day he has a little book in which he jots down details and manages the companies that contact him to take stock and deliver goods from Jaipur to Gandhidham.
However, his truck utilisation is only 60 percent. He is not able to increase it because he lacks the technology to track his own ecosystem and their availability.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released a Press release on the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2018 (Base 2011-12=100)
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:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
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Prime Minister Modi announced 12 key initiatives for MSMEs earlier this month. A few of them are substantive too. One with immediate impact would be of hiking mandatory target for central agencies to procure from MSEs from 20% to 25%. Secondly, all companies with a turnover more than Rs. 500 crore, must now compulsorily come on Trade Receivables e-Discounting System (TReDS). The latter when functional could address working capital problem of large number of MSEs. A few of the announcements, like interest subvention, simplification in labour laws etc are fine but would have little impact. But the biggest announcement, approving loan up to Rs. 1 Crore in 59 min, trivialises the whole exercise somewhat. It is true that MSMEs are starved of funds and they do face enormous hardships in accessing loans. But directing banks to sanction loans in 59 min will result in two outcomes: either nobody would follow the directive and it would remain a paper announcement where bank would handover a chit to loanee with ‘in principle sanction’ with conditions or loans would be disbursed indiscriminately putting large chunks of public money in jeopardy because due diligence is impossible in such a short time. Either way, the loser would MSME sector. What is needed is to see that markets work in a fashion that lending to MSMEs becomes a solid business case. It becomes attractive because for sound economic reason than a directive. The experience of last 50 years of priority sector lending (including to MSME sector) proves directed lending is doomed.
"
In line with its vision of transforming the way India buys & sells, Amazon India today announced a partnership with FISME (The Federation of Indian Micro and Small & Medium Enterprises) to empower Micro, Small & Medium Enterprises (MSMEs) to leverage growth opportunities in the e-commerce sector. As per the MoU, Amazon.in in collaboration with FISME will conduct various events and workshops across the country that will enable and encourage the MSMEs in India to sell their products to millions of consumers from India and across the globe by leveraging e-commerce marketplace solutions.
“Just do it” “Move fast, break things” “Vague but cool quote from the show Silicon Valley”, these are 3 of the most common posters you’re likely to find at an early stage start-up office across the country, hung right above a fast-paced CEO, a zealous techie & 3 cans of Red-Bull. It also happens to be the basic extent of translating company vision/goals in some form of communication to external/internal stakeholders. Cliches aside, as an early stage entrepreneur & a communications professional, in conversations with young entrepreneurs who believe that investing in communication is ‘expensive’ ‘tiresome’ & ‘deserved for a more evolved stage’.
The New Industrial Policy, which will replace the 27-year-old existing policy, has been sent for the Union Cabinet’s consideration, said Suresh Prabhu, Commerce and Industry Minister.
Prabhu said "For the industrial policy, the cabinet note has been sent. We were putting in place an action plan on how to implement it and that is why it took time." The new industrial policy aims to resolve bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.
Prabhu proposed the new regime that aims to create jobs for the next two decades and attract $100 billion foreign direct investment (FDI) annually.
The targets for the year 2018-19 for assistance under PMEGP have been increased by more than 50% due to increased budget allocation for PMEGP, the Parliament was informed.
In a reply to a question in the Rajya Sabha today, the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh said budgetary allocation for PMEGP, was increased to Rs.1800.64 crore for 2018-19 as against Rs.1024.49 crore during the year 2017-18.
The targeted number of units to be set up during 2018-19 is 66,700 as against the target of 50,784 in 2017-18.
On the basis of an assessment of the current and evolving macroeconomic situation, Reserve bank of India (RBI) has maintained status quo by keeping the repo rate unchanged as per market expectations.
In the fifth bi-monthly monetary policy statement, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
On April 1, 2019, the new simplified GST return forms will be rolled out, said Ajay Bhushan Pandey, Revenue Secretary.
This step has been taken as the current GST forms had been criticized for being extremely complex and riddled with problems.
In July, the Central Board of Indirect Taxes and Customs (CBIC) had put up in public domain draft GST return forms Sahaj and Sugam and sought public comments.
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from the GST.
As many as 17 Business Incubators from across the country developed strategic business plan for their incubators. These plans were developed in the 2-day strategy workshop of incubators on innovation services in New Delhi on 11th & 12th December 2018. The workshop was organized under the ambit of MSME INNO, an Indo-German bilateral project to promote innovation in MSMEs. MSME INNO is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the Ministry of MSME.
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Tata Technologies Ltd will work together to bring the innovation in the DNA of work culture, said Vikrant Gandhe, Company Secretary and Head- Corporate Sustainability, Tata Technologies Limited.
GIZ inked pact with Tata Technologies Limited during a conclave titled ‘Collaborate to Innovate’ organized recently to promote innovation in Small and Medium Enterprises (SMEs). Speaking with KNN India, he said that the objective of MoU is to focus on institutes and industry collaboration to change the mindset in order to bring innovation as a part of work culture.
Ministry of MSME is devising policies in such a way that support system will be developed to provide innovation support to MSMEs, said PM Parlewar, Director, DC MSME, while talking to KNN India.
He said this on the sidelines of a conclave 'Collaborate to Innovate' held in Pune last week. The innovation conclave was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Mahratta Chamber of Commerce and Industries (MCCIA) with the support of MSME Ministry, Government of India.
A MSME support and outreach programme was organized in Ludhiana, for apparel and handloom sector at the MSME Development Institute.
The programme was organized by Ministry Of MSME, Development Institute (MSME-DI), Ludhiana, for enhancing the productivity and competitiveness as well as capacity building of the MSMEs and their collectives in the country.
Since the digital portal of granting Rs. 1crore loan in 59mins was launched, around 343 applicants have been sanctioned a loan amount Rs.9,919 crore while loan amount of Rs.9.18 crore has been disbursed to more than 130 applicants, said Nisar Ahmad Khan, Deputy lead district manager, Punjab and Sind Bank.
In the last one year, the Non-Performing Assets (NPAs) in Gujarat have risen by over 25% to Rs 39,289 crore and both Micro, Small, Medium enterprises (MSMEs) and corporates have contributed to this rise of bad loans, according to State Level Bankers’ Committee (SLBC) report.
The gross NPAs of banks in the state, at the end of September 30, 2018, stood at Rs 39,289 crore which is 6.88% of the total loans amounting to Rs 5,60,870 crore, stated the latest report during a meeting.
The District Industries Promotion Committee, in a meeting this week, has decided to allocated as many as 120 plots in the industrial park at Gurrampalem near Pendurty in the city for the 75 new MSME units.
During the meeting, presided over by the Collector and Chairman of the Committee Pravin Kumar, the new proposals submitted by the entrepreneurs were accepted by the committee. The committee has allocated four plots at the Narsipatnam-Rachapalli Industrial Park for a new MSME unit. The committee screened 30 claims submitted for the industrial promotion incentives.
The meeting has accepted 23 claims and ordered to release Rs 82 lakh to the 23 units. The committee has rejected 7 claims.
After approving one time settlement scheme to revive sick industrial units in Punjab, the state government has decided to refund value added tax (VAT) by March 2019.
Minister for Industries Sunder Sham Arora said the state government would refund value added tax (VAT) by March 2019.
Earlier, specific dates were given twice by Arora to the industrialists, whose VAT refunds amounting to several crores were still pending.
The Minister for Industries who was in the city to inaugurate the 5th MACHMA Expo-2018 along with other dignitaries said the one-time settlement policy of the government would revive sick industrial units as most of their interest amount would be waived-off.
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MoU) here today to strengthen the innovation ecosystem in Small and Medium Enterprises (SMEs).
The MoU was signed during an innovation conclave organized by MCCIA and GIZ with the support of Ministry of Micro, Small and Medium Enterprises, Government of India.
A memorandum of understanding has been signed between Andhra Pradesh Economic Development Board (APEDB) and Daiki Aluminium Industry of Japan under which Daiki will invest up to USD 30 million (about Rs.225 crore) in AP to build an aluminium alloy unit with a capacity of 84,000 tonnes per year.
The project is expected to generate direct employment for 600 people.
The company has submitted the detailed project report and will apply for pre-establishment approvals and clearances soon.
The foundation stone is planned to be laid in early February.
US Commerce Secretary Wilbur Ross has said that he will visit India in February to attend the bilateral commercial dialogue and the Trump administration is sending a major trade mission to the country next year.
"I'm happy to report that I'm scheduled to visit India this coming February. I'll be co-chairing the US-India Commercial Dialogue and the US- India CEO forum with my Indian counterpart, (commerce and industry) minister (Suresh) Prabhu," Ross said at a farewell reception organised for the outgoing Indian Ambassador to the US, Navtej Singh Sarna.
China is now keen to import pomegranate, grapes, soyameal, fish oil and fish meal from India apart from non-basmati rice and sugar it had decided to buy earlier. Beijing will send teams to inspect pomegranate and grape orchards, and soy processing units this month.
In a meeting last week with Chinese vice minister Hu Wei, India also pushed for exporting okra, sapota (chikoo), milk and bovine meat to China while Beijing made a case for New Delhi to resume imports of milk and dairy products, apples and pears.
As India's retail inflation eases to 3.31% in Oct, industrial output marginally rose to 4.5% in September. According to FISME factor 100 per cent of MSMEs think that the economy is coming back to the track. 
Considering that experiences matter way more than money to people today, it is not without reason that organisations are giving serious thought to creating ideal employee experiences. Today’s employees expect great experiences at work. And these experiences provide a competitive edge. So how do organisations provide them? Through their leaders and workplace practices of course!
Are you a disciplined person who does not miss on any credit card bill payments, ensures payment of the entire monthly outstanding and within the stipulated time. Are you disciplined enough not to overspend your credit limit buying those attractive toys and services, just because you couldn't resist the urge and it's so easy to use that credit card.
Cutting-edge technologies today are disrupting the digital world. These technologies are being used along with digital marketing strategies by organizations of all sizes to stay ahead of the market. The ultimate objective of businesses across industries is to maximize their sales and returns on investment (ROI) while spending the least on cost-per-acquisition (CPA).
For several textile items, the Indian government has marginally increased duty drawback rates applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
“The reduction in drawback rates on garments might have negative impact on exports,” said P Nataraj, chairman, Southern India Mills Association (SIMA), in a release.
In a world where Alexa can order a cab for you and Siri can give you a weather update, can’t daily-use products around the home simplify your life? Eventuate Innovations works on that premise. Founded by in 2016, the Mumbai-based startup is the brainchild of three young engineers - Ritu Malhotra, 23; Prateek Malhotra, 26; and Pratik Harde, 27. The innovations it offers include an aquarium that can clean itself and feed your fish and a self-watering and fertilising planter.
Deepinder Singh owns 15 trucks and has over 100 registered as affiliates. Every day he has a little book in which he jots down details and manages the companies that contact him to take stock and deliver goods from Jaipur to Gandhidham.
However, his truck utilisation is only 60 percent. He is not able to increase it because he lacks the technology to track his own ecosystem and their availability.
“
If you are not willing to risk the usual, you will have to settle for the ordinary.
”
