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  The FISME Factor  


President's Message
Mr. Dinesh Chandra TripathiE-commerce is booming in India. But below the massive growth lies some unpleasant truth. News reports cite that huge quantities of products are being imported through courier as gifts. Legal imports are also becoming ubiquitous as people are ordering all kind of goods online from international websites/ apps. However, Indian exporters encounter numerous problems when shipping goods through small consignments. It is not a level playing field. Firstly, beyond a limit goods cannot be exported through courier. Secondly, they can be shipped only through a few airports as most of others are not equipped to handle large number of small shipments. Thirdly, exporters cannot claim refund of taxes paid on inputs, the facility given to merchandise exporters because of which exports become uncompetitive. Also, due to uncertainties of delivery- hamstrung by regulatory and infrastructural constraints, most international large e-commerce platforms discourage Indian exporters from putting their wares on their websites. FISME is determined to reverse the status quo. We recently entered into agreement with Amazon to on-board over 100,000 MSMEs on Amazon and equip them both for domestic market as well as for exports. FISME and Amazon will jointly work on facilitating improvement in the hard and soft infrastructure for e-commerce and building capacities of willing MSMEs. "
Mr. Dinesh Chandra Tripathi, President, FISME
Vol VI, Issue 169: Dec 15, 2018
FISME-Amazon agreement to help on-board 100,000 MSMEs through e-commerce
Business Banter: Lessons from Entrepreneurs
5 Communication Hacks for the Early Stage Entrepreneur
Macro Metre
RBI keeps repo rate under LAF unchanged at 6.5%
New simplified GST return forms will roll out on April 1, 2019: Revenue Secretary
Domestic Digest
17 Business Incubators develop Strategy to accelerate Innovation commercialisation Knowledge and News Network (KNN)
Ministry of MSME devising policies to provide innovation support to MSMEs: MoMSME
Amount of Rs.9,919 crore sanctioned to 343 MSMEs through 59mins digital portal: Expert
State Scan
Gurrampalem Industrial Park at Vizag Knowledge and News Network (KNN)
Punjab govt to refund VAT by March 2019: Industries Minister
MCCIA and GIZ sign MOU to strengthen Innovation Ecosystem in Pune
World Watch
Daiki Aluminium Industry to invest $30 million in AP to build an aluminium alloy unit
US Commerce Secretary to visit India in February for commercial dialogue
Knowledge Store
How can employers ensure positive employee experience?
...And A Lot More

FISME-Amazon agreement to help on-board 100,000 MSMEs through e-commerce

Secretary to the Govt of India, Dr. Arun Kumar Panda inaugurated the FISME-Amazon Digital Utsav in New Delhi on 13th Dec 2018. FISME and Amazon have entered into agreement to on-board 100,000 MSMEs in next few months. The agreement was signed by Shri Gopal Pillai (Director, Amazon) and Mr. Anil Bhardwaj (Secretary General, FISME). Shri Sudhanshu Pandey, Additional Secretary, Ministry of Commerce, Govt of India chaired panel discussion with panellists Shri Sachin Chaturvedi, Director General-RIS, Shri Deepak Bagla, CEO-Invest India, Shri Animesh Saxena, Vice-President, FISME. It was moderated by Shri Goldie Dhama, Partner, PwC.
Business Banter: Lessons from Entrepreneurs

5 Communication Hacks for the Early Stage Entrepreneur

“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’.
Writing on the Wall

Indian state- bully or ally for MSMEs?

by Manish Sabharwal and Sandeep Agarwal, in The Mint

Our 60,000-plus employer compliance universe that changes 5,000-plus times a year makes India a hostile habitat for MSME job creation The progress made in Ease of Doing Business (EODB) rankings is real, but it’s time for another exercise that takes a ground-up look at our current regulatory frameworks. A new book by Cass Sunstein called The Cost-Benefit Revolution is useful reading and also attractive for its intellectual honesty in highlighting three challenges for technocratic policymakers using cost-benefit analysis:

Media Monitor

Macro Metre

New Industrial Policy to boost business environment sent for Cabinet's approval: Prabhu

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.

Targets for 2018-19 for assistance under PMEGP increased by more than 50%, 66,700 units to be set up: MSME Minister

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.

RBI keeps repo rate under LAF unchanged at 6.5%

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.

New simplified GST return forms will roll out on April 1, 2019: Revenue Secretary

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.

Domestic Digest

17 Business Incubators develop Strategy to accelerate Innovation commercialisation

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.

MoU between GIZ & Tata Tech aims to expose MSMEs and students to latest technologies

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 devising policies to provide innovation support to MSMEs: MoMSME

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.

Amount of Rs.9,919 crore sanctioned to 343 MSMEs through 59mins digital portal: Expert

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.
State Scan


Rising of NPAs in Gujarat due to MSMEs and corporates

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. Executive director of Dena bank, Ramesh Singh said, “Close to Rs 30,000 crores of NPAs in Gujarat are corporate loans. This also includes all loans over Rs 5 crore taken by MSMEs who fall in the priority-sector for the banks.” “Many times an account goes bad because there are factors beyond the control of the borrower. There are equal number of people in the market who also misuse this facility,” Singh said, He added, “In Gujarat, the highest number of defaulters is in the MSME sector.”

Andhra Pradesh    

District Industries Promotion Committee allocates 120 plots for new MSME units in Gurrampalem Industrial Park at Vizag

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.


Punjab govt to refund VAT by March 2019: Industries Minister

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.


MCCIA and GIZ sign MOU to strengthen Innovation Ecosystem in Pune

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.
World Watch


Daiki Aluminium Industry to invest $30 million in AP to build an aluminium alloy unit

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.
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United States of America    

US Commerce Secretary to visit India in February for commercial dialogue

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. Some 200 guests, including top officials of the Trump administration, diplomats, eminent Indian Americans and top corporate executives attended the farewell reception for the top Indian diplomat, who is retiring later this month. Highly appreciative of the role played by Sarna in strengthening the US-India relationship during his tenure as the Indian envoy, Ross said that Sarna has laid the ground work for more to come. "Thank you for your efforts to improve our bilateral relat ..
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After long years of skewed trade, China agrees to import more from India

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. “To achieve balance of trade, they are looking at high quality agricultural products and have agreed to look positively at India’s demands,” said an official aware of the details. India’s exports to China touched $33 billion in 2017-18 while imports from that country stood at $76.2 billion.
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Upcoming Events

TIMTOS 2019 – 27th Edition
(Taipei International Machine Tool Show)

Date: 3 – 7 March 2019
Venue: Taipei, TAIWAN

See Details
FISME’s official Twitter handle
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
Anil Bhardwaj, Secretary General
Other Events

India International Mega Trade Fair-Kolkata

Date: 14-25 Dec 2018
Venue: Science City, Kolkata
See Details

Plast Show

Date: 16-19 Dec 2018
Venue: Race Course Ground, Rajkot
See Details

China Machinex India

Date: 17-19 Dec 2018
Venue: Mumbai Exhibition Centre, Mumbai
See Details

Global MSME Business Summit

Date: 19-20 Dec 2018
Venue: Hyatt Regency Delhi, New Delhi
See Details

Cement Expo

Date: 20-21 Dec 2018
Venue: Hitex Exhibition Center, Hyderabad
See Details

Industrial Expo Tarapur

Date: 20-23 Dec 2018
Venue: TIMA (Tarapur Industrial Manufacturer's Association) Hall, Boisar
See Details

Mumbai Jewellery & Gem Fair

Date: 21-23 Dec 2018
Venue: Hotel Sahara Star, Mumbai
See Details


Date: 21-23 Dec 2018
Venue: Pragati Maidan, New Delhi
See Details


Date: 21-25 Dec 2018
Venue: Parade Ground, Chandigarh
See Details

Coimbatore Shopping Festival

Date: 22 Dec 2018-01 Jan 2019
Venue: CODISSiA, Coimbatore
See Details

Hyderabad Kids Fair

Date: 28-30 Dec 2018
Venue: Hitex Exhibition Center, Hyderabad
See Details

AgriTalk India

Date: 28-31 Dec 2018
Venue: Race Course Ground, Rajkot
See Details
Your Views

Do you think that Government's plans to unveil new industrial policy is a good step to boost domestic manufacturing and accelerate economic growth?

According to FISME factor 80 % of MSMEs think that Government's plans to unveil new industrial policy is a good step to boost domestic manufacturing and accelerate economic growth while 20 % think it is not.
Knowledge Store

HR Heuristics

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!

Finance Fundamentals

The intelligent use of credit cards by SMEs

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 Mantras

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).

Policy Polemic

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.

SME Special

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.

Success Story

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)

Quotable Quotes

“ If you are not willing to risk the usual, you will have to settle for the ordinary. ”
– Jim" Rohn - An American Entrepreneur
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:
New Members

1 New Member Join FISME

1 New Member Join FISME during 1st December 2018 to 15th December 2018
Reader Reactions

Write and Win prize!

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


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