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President's Message
“The election fever is full-on. Day in and day out, politicians of all hues are making scandalous allegations on each other and promising moon to electorates. Anybody who can think would be deeply scared of the consequences of the omissions and commissions of politicians in the run up to elections. It is not difficult for many citizens especially the elites and the educated class to become cynical in such an environment. But we cannot give up on politics. There is no choice. We have to perform a dharma- a sacred duty, to choose the best leader among the ones on offer and also help others to choose the better person. And, if we are disappointed by all candidates, even then we should exercise our choice of NOTA. We should also give feedback to politicians- they are most receptive during election time, as to what is the right path for country and economy, why MSMEs are important for job creation and how they can be helped to grow. By not voting, we give up the moral right to criticize the politicians.”
"
The Paris based International Chamber of Commerce (ICC) has helped set-up a ‘Global Alliance for Trade Facilitation (The Alliance) to facilitate implementation of WTO’s Trade Facilitation Agreement. Two senior representatives each from ICC, Paris and GATF, Washington along with ED, ICC India had a detailed discussions with FISME to initiate a work programme. Mr. Animesh Saxena, President FISME welcomed the delegation and shared his experience of participating in Standing Committee under TFA in India.
One of China’s largest manufacturers of Robots, KINGER, is keenly looking for opportunities in India. A team from KINGER visited FISME in a bid to understand the Indian market especially the opportunities for Robotisation of manufacturing processes in highly precision manufacturing. Mr. Zhang Jianwei, General Manager and Zhang Weiqiang, Regional Manager along with their Indian colleagues held discussions with FISME team led by Mr. Pankaj Bansal, Treasurer, Anil Bhardwaj, Secretary General and Mukesh Kalra, Joint Secretary.
It’s wonderful when everything in your business runs smoothly. You know those days -- sales targets get smashed, you win new business and an IT upgrade actually finishes on time. But, we often learn more about ourselves and our businesses in times of trouble. I sincerely hope your crisis never happens. But if it does, here are my tips for handling a crisis like a boss.
International Monetary Fund (IMF) on Tuesday released its latest take on the prospects for global economic growth. The highlight of its World Economic Outlook is that there is a slowdown in economic activity in 2019 for 70% of the world economy. The bad news is this includes India. Global growth is expected to drop 0.3% this year, to 3.3%. The main reason is trade friction between the world’s largest economies and its cascading impact on business sentiments. Trade friction between the US and China has a negative fallout on the global economy. However, one consequence of the tension is a partial relocation of production sites out of China as multinational companies hedge risks. This is where India has an opportunity to reverse its declining export intensity of growth. Over the last few years India’s share of global merchandise export has been stagnant at about 1.7%. As a proportion of GDP, exports have declined from 17% in 2012 to about 11.9% in 2019. This will slow down the country’s climb towards prosperity.
India's annual wholesale price inflation in March accelerated to 3.18% from 2.93% in February, according to the data released by Ministry of Commerce & Industry.
The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.2 percent to 124.3 from 124.5 for the previous month due to lower price of newsprint, paper carton/box and pulp board (2% each) and corrugated sheet box, kraft paper and corrugated paper board (1% each).
India's exports of agricultural and processed food products have dipped by 2.27% to USD 16.27 billion during the April-February period of 2018-19, according to data from Agricultural and Processed Food Products Export Development Authority (APEDA).
Buffalo meat, wheat and non-basmati rice exports dipped by 11.32%, 48.79% and 19.33%, respectively, during the 11-month period of 2018-19. The other products that recorded negative growth include fresh fruits and vegetables, processed fruits and juices, sheep and goat meat, ground nuts, cereal preparations, and alcoholic beverages.
With just 3 more days to go for polling for General Elections 2019, Prime Minister Narendra Modi along with the BJP President Amit Shah today released the ruling Bharatiya Janata Party’s (BJP's) manifesto. The "Sankalp Patra" of BJP promises to establish 'National Traders Welfare Board’ for Micro and Small Enterprises (MSEs).
The party promises to create a National Policy for Retail Trade for the growth of retail businesses and also promises pension for small traders.
The government has allowed import of feed grade maize at a concessional import duty of 15% in order to meet the shortage of poultry feed in India.
According to the notification by Directorate General of Foreign Trade (DGFT) the shortage occurs mainly because of drought, pest attack and significant reduction in cultivable areas as in Bihar.
DGFT through a notice said that “Keeping in view the necessity, the feed grade maize is proposed to be imported under the tariff rate quota (TRQ)” with certain relaxations and conditions.
The national public procurement portal, Government e Marketplace (GeM) has witnessed 42 % of transactions by volume with Micro Small and Medium Enterprises (MSMEs) registered on the platform in fiscal year (FY) 2018-19.
According to the Ministry of Commerce and Industry release, GeM which offers end to end solution for all procurement needs of Central and State government departments and PSUs has closed the FY 2018-19 on a high note.
The Micro Small and Medium Enterprises (MSME) units in Sivakasi involved in manufacturing of fire crackers to get a sigh of relief as the Supreme Court has recently directed the Centre to approve chemical composition of green crackers by May 15.
The top court directed the Petroleum and Explosives Safety Organization (PESO), a statutory body under the Ministry of Commerce and Industries to approve the green cracker formulation and submit its report to the Centre to grant approval by May 15.
The Ministry of Micro, Small and Medium Enterprises (MSME) has approved revisions to the Micro and Small Enterprises Clusters Development Program (MSE-CDP).
According to an Office Memorandum of the DC MSME, the revised scheme would promote green and sustainable manufacturing technology for the clusters so as to enable units switch to sustainable and green production processes and products. Besides this, the other objectives of the scheme would remain same as before which includes to support the sustainability and growth of MSEs; to build capacity of MSEs for common supportive action through formation of self-help groups, consortia, upgradation of associations, etc.; to create/upgrade infrastructural facilities in the ne/existing industrial areas/ clusters of MSEs and to set up common facility centres.
The Ministry of Micro, Small and Medium Enterprises (MSME) has released new guidelines for the “Digital MSME" Scheme for promotion of Information & Communication Technology in MSME Sector.
This scheme is a component of Credit Linked Capital Subsidy Scheme for Technology Up-gradation (CLCS- TU).
The previous Digital MSME scheme had provision to provide subsidy to MSEs for using Cloud Based software. In order to make maximum number of MSMEs digitally empowered, the present version of the scheme has been conceived keeping in mind the diverse digital needs of the sector.
Delhi government has been slammed by National Green Tribunal (NGT) for not taking action against illegal scrap industries in Mayapuri causing pollution.
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel directed the chief secretary and the Chairman and Member Secretary, Delhi Pollution Control Committee to respond why they should not be jailed and be prosecuted if illegal activities are not stopped and people remain suffering on account of illegal activities.
The two-day per week ban on movement of civilian vehicles on Jammu-Srinagar-Baramulla national highway for facilitating safe passage of security convoys would affect the business environment of the region badly, said Kashmir Traders and Manufacturers Federation.
While condemning the move, Acting President of Kashmir Traders and Manufacturers Federation, Bashir Ahmed told KNN India that restrictions on traffic movement will disturb the movement of traffic as lakhs of transporters use this highway for movement of goods.
To promote traditional products of Telangana, there is a dire need for the state government to create marketing opportunities to explore skilful potential of the state at various platforms like trade fairs, exhibitions in different places both at domestic and international markets, said Abul Fateh Syed Bandagi Badesha Quadri, , Director, Telangana Chamber of Trade and Industries Promotions (TECTIP).
He said this during an interaction with the media in city, while listing out the huge potential of Telangana.
Pitney Bowes Inc, a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance, and data, and Shyplite, a logistics technology company that provides a multi-carrier integrated SaaS platform have entered into a strategic partnership to launch a multicarrier shipping platform for small businesses in India.
This partnership will simplify office shipping and provide cost savings for small and medium sized businesses in India by optimizing parcel delivery. This new shipping solution will reduce shipping costs for both retailers and office shippers and speeds accurate delivery to Indian customers and online shoppers. Customers will be able to select the most efficient shipping option at the best price creating an improved customer experience with each parcel delivery.
By removing the complexity of everyday shipping, small businesses and e-commerce retailers can focus on delighting customers and growing their business.
Country Director, Pitney Bowes India, Venkat Rao said “For nearly 100 years, Pitney Bowes has been removing the complexity of mailing for our clients. Now, we are focused on doing the same for shipping.”
A protocol dealing with cooperation in the field of small and medium entrepreneurship (SMEs) has been signed between India and Ukraine, according to an official release.
The protocol has been signed in the 4th meeting of India-Ukraine Working Group on Trade and Economic Cooperation (IU-WGTEC), under the India-Ukraine Inter-Governmental Commission on Trade, Economic, Scientific, Technical, Industrial and Cultural Cooperation here.
The protocol also deals with review of trade, cooperation in the field of technical regulation (standardization, metrology, certification, conformity assessment), public-private partnership (PPP) and investment, agriculture, facilitating the access of Ukrainian food products to the market of India, energy sector, finance, granting Ukraine market economy status within the framework of anti-dumping investigations, and banking and cooperation in tourism.
Indian Side informed Ukrainian Side regarding the National Small Industries Corporation’s (NSIC) activities and requested Ukrainian Side for identifying a nodal agency which can cooperate with NSIC in Small and Medium Enterprises (SME) sector.
Do you think that RBI's another rate cut will have a significant impact on the cost of borrowing for MSMEs?
According to FISME factor, 100 percent of MSMEs can’t say that RBI's another rate cut will have a significant impact on the cost of borrowing for MSMEs.
How to retain top talent with the right engagement
How does a company classify its top talent? What specific measures do companies take to retain it? Top talent most likely comprises the people who are high performers, are self-motivated and goal-achievers.
Small Businesses and Big Opportunities- Here's How Credit is Available for All
Today, 55-60 million micro, small and medium-sized enterprises (MSMEs) operate in India today, as per ‘Credit Disrupted’ a report by Omidyar Network and the Boston Consulting Group.
Why New-Age Marketers and Entrepreneurs Should Emphasize on Investing in Experiential Marketing
Marketing is a complex activity and needs cautious scheduling, a point of view and well set defined goals. It’s a multi-level way to optimize and attract more eyeballs which in turn results in increased sales.
Twin problem of power & land scarcity obstructing growth of MSMEs in Jharkhand
The twin problems of electricity and land scarcity constitute a major development challenge for Micro, Small and Medium Enterprises (MSMEs) in Jharkhand, said Jharkhand Small Industries Association (JSIA).
Meet Divya Shetty, the Indian Superhero who is changing the lives of farmers, one innovation at a time
Divya Shetty was a young girl in Class II when her maternal grandfather passed away. His was not an ordinary death. A farmer hailing from Udupi district in Karnataka, he was already into a lot of debt when he was diagnosed with throat cancer.
With an annual turnover of Rs 310 Cr, Himachal Pradesh-based Aishwarya Healthcare is one of India’s leading IVF manufacturers
In 2018, the pharma industry in India recorded a turnover of Rs 1,29,015, growing 9.4 percent every year. The pharmaceutical manufacturing companies in India form one of the largest in the world producing generic drugs, and meeting 50 percent of the global demand.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015.
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.
send mail to: newsletter@fisme.org.in
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This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
“The election fever is full-on. Day in and day out, politicians of all hues are making scandalous allegations on each other and promising moon to electorates. Anybody who can think would be deeply scared of the consequences of the omissions and commissions of politicians in the run up to elections. It is not difficult for many citizens especially the elites and the educated class to become cynical in such an environment. But we cannot give up on politics. There is no choice. We have to perform a dharma- a sacred duty, to choose the best leader among the ones on offer and also help others to choose the better person. And, if we are disappointed by all candidates, even then we should exercise our choice of NOTA. We should also give feedback to politicians- they are most receptive during election time, as to what is the right path for country and economy, why MSMEs are important for job creation and how they can be helped to grow. By not voting, we give up the moral right to criticize the politicians.”
"
The Paris based International Chamber of Commerce (ICC) has helped set-up a ‘Global Alliance for Trade Facilitation (The Alliance) to facilitate implementation of WTO’s Trade Facilitation Agreement. Two senior representatives each from ICC, Paris and GATF, Washington along with ED, ICC India had a detailed discussions with FISME to initiate a work programme. Mr. Animesh Saxena, President FISME welcomed the delegation and shared his experience of participating in Standing Committee under TFA in India.
One of China’s largest manufacturers of Robots, KINGER, is keenly looking for opportunities in India. A team from KINGER visited FISME in a bid to understand the Indian market especially the opportunities for Robotisation of manufacturing processes in highly precision manufacturing. Mr. Zhang Jianwei, General Manager and Zhang Weiqiang, Regional Manager along with their Indian colleagues held discussions with FISME team led by Mr. Pankaj Bansal, Treasurer, Anil Bhardwaj, Secretary General and Mukesh Kalra, Joint Secretary.
It’s wonderful when everything in your business runs smoothly. You know those days -- sales targets get smashed, you win new business and an IT upgrade actually finishes on time. But, we often learn more about ourselves and our businesses in times of trouble. I sincerely hope your crisis never happens. But if it does, here are my tips for handling a crisis like a boss.
India's annual wholesale price inflation in March accelerated to 3.18% from 2.93% in February, according to the data released by Ministry of Commerce & Industry.
The index for ‘Manufacture of Paper and Paper Products’ group declined by 0.2 percent to 124.3 from 124.5 for the previous month due to lower price of newsprint, paper carton/box and pulp board (2% each) and corrugated sheet box, kraft paper and corrugated paper board (1% each).
India's exports of agricultural and processed food products have dipped by 2.27% to USD 16.27 billion during the April-February period of 2018-19, according to data from Agricultural and Processed Food Products Export Development Authority (APEDA).
Buffalo meat, wheat and non-basmati rice exports dipped by 11.32%, 48.79% and 19.33%, respectively, during the 11-month period of 2018-19. The other products that recorded negative growth include fresh fruits and vegetables, processed fruits and juices, sheep and goat meat, ground nuts, cereal preparations, and alcoholic beverages.
With just 3 more days to go for polling for General Elections 2019, Prime Minister Narendra Modi along with the BJP President Amit Shah today released the ruling Bharatiya Janata Party’s (BJP's) manifesto. The "Sankalp Patra" of BJP promises to establish 'National Traders Welfare Board’ for Micro and Small Enterprises (MSEs).
The party promises to create a National Policy for Retail Trade for the growth of retail businesses and also promises pension for small traders.
The government has allowed import of feed grade maize at a concessional import duty of 15% in order to meet the shortage of poultry feed in India.
According to the notification by Directorate General of Foreign Trade (DGFT) the shortage occurs mainly because of drought, pest attack and significant reduction in cultivable areas as in Bihar.
DGFT through a notice said that “Keeping in view the necessity, the feed grade maize is proposed to be imported under the tariff rate quota (TRQ)” with certain relaxations and conditions.
The national public procurement portal, Government e Marketplace (GeM) has witnessed 42 % of transactions by volume with Micro Small and Medium Enterprises (MSMEs) registered on the platform in fiscal year (FY) 2018-19.
According to the Ministry of Commerce and Industry release, GeM which offers end to end solution for all procurement needs of Central and State government departments and PSUs has closed the FY 2018-19 on a high note.
The Micro Small and Medium Enterprises (MSME) units in Sivakasi involved in manufacturing of fire crackers to get a sigh of relief as the Supreme Court has recently directed the Centre to approve chemical composition of green crackers by May 15.
The top court directed the Petroleum and Explosives Safety Organization (PESO), a statutory body under the Ministry of Commerce and Industries to approve the green cracker formulation and submit its report to the Centre to grant approval by May 15.
The Ministry of Micro, Small and Medium Enterprises (MSME) has approved revisions to the Micro and Small Enterprises Clusters Development Program (MSE-CDP).
According to an Office Memorandum of the DC MSME, the revised scheme would promote green and sustainable manufacturing technology for the clusters so as to enable units switch to sustainable and green production processes and products. Besides this, the other objectives of the scheme would remain same as before which includes to support the sustainability and growth of MSEs; to build capacity of MSEs for common supportive action through formation of self-help groups, consortia, upgradation of associations, etc.; to create/upgrade infrastructural facilities in the ne/existing industrial areas/ clusters of MSEs and to set up common facility centres.
The Ministry of Micro, Small and Medium Enterprises (MSME) has released new guidelines for the “Digital MSME" Scheme for promotion of Information & Communication Technology in MSME Sector.
This scheme is a component of Credit Linked Capital Subsidy Scheme for Technology Up-gradation (CLCS- TU).
The previous Digital MSME scheme had provision to provide subsidy to MSEs for using Cloud Based software. In order to make maximum number of MSMEs digitally empowered, the present version of the scheme has been conceived keeping in mind the diverse digital needs of the sector.
Delhi government has been slammed by National Green Tribunal (NGT) for not taking action against illegal scrap industries in Mayapuri causing pollution.
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel directed the chief secretary and the Chairman and Member Secretary, Delhi Pollution Control Committee to respond why they should not be jailed and be prosecuted if illegal activities are not stopped and people remain suffering on account of illegal activities.
The two-day per week ban on movement of civilian vehicles on Jammu-Srinagar-Baramulla national highway for facilitating safe passage of security convoys would affect the business environment of the region badly, said Kashmir Traders and Manufacturers Federation.
While condemning the move, Acting President of Kashmir Traders and Manufacturers Federation, Bashir Ahmed told KNN India that restrictions on traffic movement will disturb the movement of traffic as lakhs of transporters use this highway for movement of goods.
To promote traditional products of Telangana, there is a dire need for the state government to create marketing opportunities to explore skilful potential of the state at various platforms like trade fairs, exhibitions in different places both at domestic and international markets, said Abul Fateh Syed Bandagi Badesha Quadri, , Director, Telangana Chamber of Trade and Industries Promotions (TECTIP).
He said this during an interaction with the media in city, while listing out the huge potential of Telangana.
Pitney Bowes Inc, a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance, and data, and Shyplite, a logistics technology company that provides a multi-carrier integrated SaaS platform have entered into a strategic partnership to launch a multicarrier shipping platform for small businesses in India.
This partnership will simplify office shipping and provide cost savings for small and medium sized businesses in India by optimizing parcel delivery. This new shipping solution will reduce shipping costs for both retailers and office shippers and speeds accurate delivery to Indian customers and online shoppers. Customers will be able to select the most efficient shipping option at the best price creating an improved customer experience with each parcel delivery.
By removing the complexity of everyday shipping, small businesses and e-commerce retailers can focus on delighting customers and growing their business.
Country Director, Pitney Bowes India, Venkat Rao said “For nearly 100 years, Pitney Bowes has been removing the complexity of mailing for our clients. Now, we are focused on doing the same for shipping.”
A protocol dealing with cooperation in the field of small and medium entrepreneurship (SMEs) has been signed between India and Ukraine, according to an official release.
The protocol has been signed in the 4th meeting of India-Ukraine Working Group on Trade and Economic Cooperation (IU-WGTEC), under the India-Ukraine Inter-Governmental Commission on Trade, Economic, Scientific, Technical, Industrial and Cultural Cooperation here.
The protocol also deals with review of trade, cooperation in the field of technical regulation (standardization, metrology, certification, conformity assessment), public-private partnership (PPP) and investment, agriculture, facilitating the access of Ukrainian food products to the market of India, energy sector, finance, granting Ukraine market economy status within the framework of anti-dumping investigations, and banking and cooperation in tourism.
Indian Side informed Ukrainian Side regarding the National Small Industries Corporation’s (NSIC) activities and requested Ukrainian Side for identifying a nodal agency which can cooperate with NSIC in Small and Medium Enterprises (SME) sector.
According to FISME factor, 100 percent of MSMEs can’t say that RBI's another rate cut will have a significant impact on the cost of borrowing for MSMEs. 
How does a company classify its top talent? What specific measures do companies take to retain it? Top talent most likely comprises the people who are high performers, are self-motivated and goal-achievers.
Today, 55-60 million micro, small and medium-sized enterprises (MSMEs) operate in India today, as per ‘Credit Disrupted’ a report by Omidyar Network and the Boston Consulting Group.
Marketing is a complex activity and needs cautious scheduling, a point of view and well set defined goals. It’s a multi-level way to optimize and attract more eyeballs which in turn results in increased sales.
The twin problems of electricity and land scarcity constitute a major development challenge for Micro, Small and Medium Enterprises (MSMEs) in Jharkhand, said Jharkhand Small Industries Association (JSIA).
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Divya Shetty was a young girl in Class II when her maternal grandfather passed away. His was not an ordinary death. A farmer hailing from Udupi district in Karnataka, he was already into a lot of debt when he was diagnosed with throat cancer.
In 2018, the pharma industry in India recorded a turnover of Rs 1,29,015, growing 9.4 percent every year. The pharmaceutical manufacturing companies in India form one of the largest in the world producing generic drugs, and meeting 50 percent of the global demand.
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Many of life's failures are people who did not realize how close they were to success when they gave up."
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