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  The FISME Factor  


President's Message
Mr. Dinesh Chandra TripathiIndia jumped 23 notches in World Bank’s ranking ‘Ease of Doing Business’ this year. Now India ranks 77. Prime Minister Modi coaxed the policy makers to improve India’s ranking from 142 (2015) to 50 within 5 years. To many it looked like another boastful rhetoric then. But concerted and targeted efforts through DIPP (Ministry of Commerce and industries) have paid off. Now India is in striking range of 50. In the last two years the country has climbed 53 notches! However, while celebrating let’s keep our feet on ground. Ranking is dynamic and each year as other nations improve their business environment, it triggers change in rankings. Secondly, while we jumped 23 notches, our main competitor China jumped 32 points from 76 (2018) to 46 (2019) and entered into league of top 50 nations. We continue to perform abysmally on the front of starting a business, construction permits and enforcing contracts. But the moot point is whether it has become really easy to conduct business in India? Those who started their business in 70s would vouch that situation has improved. But, it is not good and attractive enough for the young generation majority of which do not want to get into business or manufacturing. They still shun business because of the hassles involved and look at it as a vocation ‘not worth the trouble’. Which means, there is so much more regulations need to be eased and not just in Delhi and Mumbai (where currently the survey is done) but in hundreds of towns and cities across India. "
Mr. Dinesh Chandra Tripathi, President, FISME
Vol VI, Issue 166: Nov 1, 2018
FISME welcomes delegation from Xuchang (Henan, China)
Business Banter: Lessons from Entrepreneurs
How Entrepreneurs Can Make a Real Change?
Macro Metre
Pepper consortium wants to limit imports under SAFTA from Sri Lanka
Govt working on scheme to incentivize exporters to partially compensate for disadvantage they are facing: DGFT
Domestic Digest
MSMEs need the required attention of investors Knowledge and News Network (KNN)
IAMAI creates industrial expert committee to develop startup ecosystem and skill
Up-gradation of ‘Institute for Auto Parts and Hand Tools Technology’ to benefit MSMEs
State Scan
Punjab govt to earmark 100 acres land for industrial park at cycle valley Knowledge and News Network (KNN)
'Make in Odisha' to host sectoral session on aerospace, defence manufacturing, chemicals and petrochemicals
Haryana govt to set up ‘Pharma Park’ in Karnal; framing pharmaceutical policy to facilitate pharma companies in state
World Watch
India, Italy to fast-track trade, two-way investments
India to create a vibrant startup eco-system and Russia will actively partner in setting up incubation centers
Knowledge Store
Banks or FinTechs - Who Does a Better Job for Business Loans?
...And A Lot More

FISME welcomes delegation from Xuchang (Henan, China)

A multi-sector delegation from Xuchang, Henan province (China) visited FISME on 30th October 2018. The delegation was led by Mr. Wang Wen Jie, Vice Mayor of Xuchang. Besides the government officials, the delegation comprised of members from trade bodies and private companies such as Heavy industrial machinery, pharmaceuticals, Biotechnology, Filter Equipment etc. Mr. Pankaj Bansal, Treasure, FISME received the delegation. Purpose of the visit was to faster trade relation between Xuchang and India. The deputy Mayor invited FISME to bring a business delegation to Xuchang.
Business Banter: Lessons from Entrepreneurs

How Entrepreneurs Can Make a Real Change?

Entrepreneurs, dressed with curiosity and ardour to make a change, are proactive thinkers. This spirited thinking is what sets them apart from routine job seekers and organizational managers. The world in which we are currently living alters every minute because of enthused demand and supply of goods and services. Continuous technological advancement only adds to this refashioning dynamics, and these fluxing advents offer us multifarious opportunities, challenges, and problems. If given a chance, entrepreneurs around the world, could take to rooftops and proclaim themselves as persistent “solution finders” and “solution providers”. Needless to say, such jovial tags in fact in all seriousness are justified as we owe an unpayable debt to such innovators and thinkers.
Writing on the Wall

Jump in Ease of Doing Business: Fruits of persistent efforts

Every year, the Doing Business report of World Bank Group ranks economies on the basis of their performance on 10 indicators spread across the business lifecycle of a Small and medium size enterprise. In 2014, our Prime Minister shared his vision of taking India amongst the top 50 countries of the World Bank’s Doing Business report. At the time, India was ranked 142 out of 189 economies, last among the BRICS nations and sixth among the eight South Asian economies. His objective was to make India easy and simple and enhance the ease of living of citizens. Today, India’s stands at 77 in Doing Business 2019...

Media Monitor

Macro Metre

Pepper consortium wants to limit imports under SAFTA from Sri Lanka

The consortium of pepper traders and growers has appealed to the Centre to limit the quantity of pepper that can be imported under south Asian free trade agreement (SAFTA) from Sri Lanka at concessional duty of 8% at 2500 tonnes. India, earlier this year, had imposed a minimum import price of Rs 500 per kg on pepper to protect domestic pepper farmers. The Kerala chapter of Indian Pepper and Spices Traders, Growers, Planters Consortium said Sri Lanka has circumvented this by buying Vietnam pepper at low prices, adding value and dumping it in India as its own pepper.

Govt working on scheme to incentivize exporters to partially compensate for disadvantage they are facing: DGFT

The Ministry of Commerce is working on a scheme to incentivize the exporters of the country in order to partially compensate for the disadvantage that they are facing with respect to the competing countries, said Director General of Foreign Trade (DGFT) Alok Chaturvedi. While addressing the CII’s Export Summit, Chaturvedi said, "We are thinking of having some kind of incentives, where exporters are at disadvantage with respect to our competing countries where they are having some kind of free trade agreement with common export markets.

5 more rice mills cleared for exports to China; ban on rapeseed meal from India dropped by China

As many as five more rice mills have been cleared for exporting non-basmati rice, from India to China, taking the total to 24 rice mills, the Ministry of Commerce & Industry said today. The first consignment of non-basmati rice, of 100 tonnes, was shipped to China, from Nagpur, in September this year. In May this year, officials from China inspected rice mills that are capable of exporting non-basmati rice to China and 19 rice mills and processing units were registered for export to China.

Domestic Digest

M1 exchange transacts with NTPC to facilitate financing of MSME vendors in power sector

To facilitate financing between NTPC and its MSME vendors, M1 exchange, one of the foremost exchanges dealing in Trade Receivables Discounting System (TReDS), has started transacting with NTPC limited. With conjunction of M1xchange and NTPC Limited, the financing concerns of MSMEs in the power sector would be taken care off. In a press statement, M1xchange said “The use of TReDS is aimed at improving the flow of funds to MSMEs by reducing the realization cycle of receivables.”

MSMEs need the required attention of investors

The Micro Small and Medium Enterprises (MSME), despite being the real drivers of economy, are not getting the required attention of investors, said Conrad K Sangma, Meghalaya Chief Minister while speaking at a conclave. Sangma said the MSME sector provides maximum employment and makes significant contributions towards the country's growth. He quoted, "There are six crore listed and unlisted units in the country, employing almost 11 crore people. They are the real drivers of economy. The sector gets an investment of USD 120 billion as against the requirement of around USD 320 billion."

IAMAI creates industrial expert committee to develop startup ecosystem and skill

The Internet and Mobile Association of India (IAMAI) has formed a new industry expert committee, under its Emerging Technology Council, focused on Augmented and Virtual Reality (AR/VR), to help India’s AR/VR ecosystem, in partnership with government, industry and startups. The AR/VR Committee is the latest step in its efforts to evangelize AR/VR technology to drive economic growth, job creation, and skill development in the country. On the agenda of this committee will be a) nurturing India’s AR/VR technology and talent ecosystem, in particular by driving Skill Development b) engaging with business, industry

Up-gradation of ‘Institute for Auto Parts and Hand Tools Technology’ to benefit MSMEs

Up-gradation of ‘Institute for Auto Parts and Hand Tools Technology’ would benefit the MSMEs especially hand tool and auto component manufacturers, said Punjab Industries Minister, Sham Sunder Arora. He said “there is a need to upgrade institute for auto parts & hand tools technology as it would transform the state into a global manufacturing and export hub.” Owing to the persistent efforts of the Punjab government, the institute for auto parts and hand tools technology at Ludhiana has been upgraded under the ASIDE scheme with an investment in plant and machinery worth Rs 12 crores, he added. Now, the MSMEs will have access to world class research and development, testing and manufacturing facilities within the state of Punjab, said Arora.
State Scan


Punjab govt to earmark 100 acres land for industrial park at cycle valley

For the development of state-of-the-art industrial park to boost the cycle and light engineering industry, Punjab government has decided to earmark 100 acres of land in the upcoming hi-tech cycle valley at Dhanansu village in Ludhiana. Within the project, the government has already approved the project for setting up of the cycle valley through the Punjab Small Industries and Export Corporation (PSIEC) in over 380 acres of panchayat land. The key objective behind setting up industrial park is to create an eco-system for hi-tech bicycles and engineering products in a way to give stimulus to the local industry with upgrading technology and also to make them globally competitive, as industrial growth of Ludhiana significantly relies on cycle and small-scale manufacturing industry.


'Make in Odisha' to host sectoral session on aerospace, defence manufacturing, chemicals and petrochemicals

A sectoral session on aerospace, defence manufacturing, chemicals and petrochemicals, will be hosted during the second edition of 'Make in Odisha', the flagship biennial investors' meet. The sector has been identified as emerging sectors for investments in the state. The summit will be held from November 11-15. The objective of session on ‘Chemicals and Petrochemicals’ is to provide a platform to discuss the opportunities for creating a conducive ecosystem for the creation of downstream value chain in petrochemicals and chemicals sector.


Meghalaya CM exploring the food processing market at SIAL in Paris

To devise a strategy for innovative food processing product startups in Meghalaya, the state Chief Minister, Conrad K. Sangma is exploring the market at SIAL (Salon International de l'alimentation) in Paris. The Chief Minister, Sangma along with Agriculture Minister Banteidor Lyngdoh led a delegation to SIAL- one of the world’s biggest food innovation exhibitions to engage with different companies and explore potential to market their products. Speaking at the SIAL, Sangma said “Meghalaya is looking at options for technology and machinery to build an efficient supply chain as well on development of product and branding to establish its unique identity.”


Haryana govt to set up ‘Pharma Park’ in Karnal; framing pharmaceutical policy to facilitate pharma companies in state

Giving a major boost to pharma sector in Haryana, state government is planning to establish a pharma park over 100 acres at Haryana’s Karnal. The above statement was made by Industries and Commerce Minister, Vipul Goel while speaking at the Stakeholder Consultation for formulation of Pharma Policy, Haryana
World Watch


India, Italy to fast-track trade, two-way investments

India and Italy on Tuesday agreed to fast-track bilateral trade and investments and set up a bilateral industrial development and cooperation mechanism at a meeting between Prime Minister Narendra Modi and his Italian counterpart Guiseppe Conte here. "In order to give an impetus to enhanced economic cooperation between India and Italy, it was decided to set up a CEO Forum guided by a Joint Commission on Economic Cooperation (JCEC)," Modi tweeted following the meeting. "To increase two-way investments, we have decided to create a fast-track mechanism," he said. The Indian Prime Minister said both sides have decided to boost ties in key sectors such as lifestyle accessories design, transportation and automobile design, energy, and life sciences.
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India to create a vibrant startup eco-system and Russia will actively partner in setting up incubation centers

India intends to create a vibrant startup eco-system and Russia can actively partner by providing technology, assistance in setting up incubation centers and by actively investing in startups, said the Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu during his meeting with a high level Russian business delegation in New Delhi. They discussed about increasing investments and business engagements between India and Russia. There is immense potential for the two countries to further expand economic ties and move beyond buyer – seller relationship, the Minister said this adding that in order to facilitate this India has set up a one stop shop for Russian companies in Invest India called Russia Plus, which will fast track investments.
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India and Singapore to form a joint working group on fintech

In a move to develop fintech solutions for business and financial sectors, government of India has approved a Memorandum of Understanding (MoU) between India and Singapore. Under this pact, a joint working group (JWG) on financial technology (fintech)will be constituted that will encourage collaboration of entrepreneurs and startups of both countries and develop fintech solutions for business and financial sectors. The decision got the approval during a cabinet meeting chaired by Prime Minister Narendra Modi. As per the pact, both countries will improve their regulatory connect to exchange best practices by sharing experience on policies and regulations related to fintech, according to statement.
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China to resume Indian rapeseed meal imports after six years

After opening doors to Indian non-Basmati rice, China has removed the ban on exports of rapeseed meal from India, a move which will aid reduce the burgeoning trade deficit between the two countries. Indian rapeseed and soybean meal were banned in China in 2012 due to detection of contamination. Since then, India has been pursuing China to do away with the ban. “China has now removed the ban as there is growing acceptance to use Indian rapeseed meal as sources of protein used in animal feed,” said an official in the know of the details. Indian exporters see a major opportunity arising out of china’s efforts to reduce dependence on American soybean due to the ongoing trade war.
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India to set up technology demonstration centre in Tanzania to facilitate entrepreneurs

With an intent to promote technologies, India will set up a Technology Demonstration Centre (TDC) in the Tanzania with the support of NRDC, an enterprise under the Ministry of Science & Technology. To facilitate this, a Memorandum of Understanding was signed recently between the National Research Development Corporation (NRDC) and the Tanzania Industrial Research and Development Corporation (TIRDO). Under this MoU, NRDC will set up the TDC to exhibit or demonstrate the functioning of technologies and machines which are typically suitable for Tanzania, said H Purushotham, Chairman & Managing Director of NRDC. Earlier this week, during the ninth session of India-Tanzania Joint Commission Meeting (JCM)-2018 which was chaired by External Affairs Minister, Sushma Swaraj, the MoU was signed between two parties.
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FISME’s official Twitter handle
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
Anil Bhardwaj, Secretary General
Other Events

Fashionista Exhibiton

Date: 02-04 Nov 2018
Venue: Hotel Centre Point, Nagpur
See Details

The Haat - Raipur

Date: 02-04 Nov 2018
Venue: Hotel Celebration Raipur, Raipur
See Details

Lifestyle Exivision

Date: 02-05 Nov 2018
Venue: Welkom Palace, Ludhiana
See Details


Date: 05-07 Dec 2018
Venue: Pragati Maidan, New Delhi
See Details

LED Expo Delhi

Date: 06-08 Dec 2018
Venue: India Exposition Mart, Greater Noida
See Details

International Conference on Robotics, Automation and Communication Engineering

Date: 11 Nov 2018
Venue: Grand Sarovar Premiere, Mumbai
See Details


Date: 15 Nov 2018
Venue: Kohinoor Continental, Mumbai
See Details

Gartner Symposium ITxpo India

Date: 13-16 Nov 2018
Venue: Grand Hyatt Goa, Goa
See Details

NASSCOM Design & Engineering Summit

Date: 15-16 Nov 2018
Venue: The Leela Palace, Bengaluru
See Details
Your Views

Do you think that increase in the import duty on several items is a correct move to curb Indian rupee depreciation?

According to FISME factor 50% of MSMEs think that increase in the import duty on several items is not a correct move to curb Indian rupee depreciation, 25% think it is a correct move while 25% can’t say.
Knowledge Store

HR Heuristics

Should employee engagement only focus on retaining employees?

Engaged employees are definitely happier, not just at the workplace but also at home. How many times have we heard this? Employee engagement has become very important to organisations today. Companies across the world have become aware of and are opening up to employee engagement tools. But what exactly is the goal? Employee engagement is described as the extent to which employees are passionate about their work, are committed to the organisation, and put in extra effort into their work. So, when companies become serious about employee engagement, is it only because they wish to retain their employees?

Finance Fundamentals

Banks or FinTechs - Who Does a Better Job for Business Loans?

Budding entrepreneurs with revolutionary business ideas (usually) need financing to keep their operations running. Banks have encouraged the growth of small-scale industries with access to credit, but the supply cannot keep up with the demand. Enter: Financial technology companies, aka FinTechs. The global FinTech industry is maturing rapidly - with over $41.7bn invested in just the first half of 2018. Part of those deals was for FinTech lenders, who have supported the trend of industrialisation by granting business financing to those who were denied from traditional banks.

Marketing Mantras

Here are five marketing mistakes to avoid

The right marketing campaign can not only connect you with the right target audience, it also gets people talking about your brand. However, if marketing was all that easy, you wouldn’t need professionals to handle it for you! A properly developed marketing plan requires a lot of thought and research. And even then, there are no guarantees that you will always get it right. However, to create a successful marketing plan, experts have pin-pointed a few all-too-common mistakes that you must avoid. Creating a marketing plan that isn’t effective enough could mean a lot of wasted money. Furthermore, you will need to invest more money, time, as well as resources to get it right the second time round.

Policy Polemic

Aluminium scrap recycling MSMEs oppose import duty hike on aluminium scrap from 2.5% to 7.5%

The aluminium scrap recycling industry, which mainly comprises of micro, small and medium enterprises (MSMEs), has opposed the proposed increase in import duty on aluminium scrap from 2.5 per cent to 7.5 per cent. The All India Non Ferrous Metal Association (AINFMA) has said the move would result into shutting down of 3,500 MSME units and in turn would lead to job lost of approximately 1.5 lakh workers employed in the sector.

SME Special

Two sisters working towards reviving Odisha’s handicrafts are also skilling prisoners in Baripada jail

Ecommerce platform KalaGhar works with artisans to adapt to trends and helps them find a market for their beautiful, timeless products. If you love handicrafts and art, Odisha is the place for you. From appliqué works of Pipili, intricately patterned pattachitra paintings, delicate silver filigree jewellery, horn work of Paralakhemundi, to the tribal dhokra figurines or the baskets made from sabai grass weaving, there is plenty to choose from.

Success Story

Passion becomes career, and life turned into Entrepreneur

I Ashik Saxena, I am a software & website developer. I have started my own IT Company in 2010, named "SEVENI INTERNET SERVICES" and deals in Web Development, Cloud Computing Consultant, Security Adviser, Dedicated Server, and Server Management. I did my schooling from Leonard Higher Secondary School from Jabalpur and the college I did in Bachelor in Computer Application (B.C.A.) from M.C.R.P. University.


The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has been bringing out the employment related statistics in the formal sector since April, 2018 covering the period September 2017 onwards.

Quotable Quotes

“ I really believe that entrepreneurship is about being able to face failure, manage failure and succeed after failing. ”
– Kiran Mazumdar Shaw - An Indian entrepreneur and MD of Biocon Limited
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

2 New Members Join FISME

During the period from 1st October 2018 to 15th October 2018 2 new MSME became members of FISME
Reader Reactions

Write and Win prize!

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


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