If you are unable to view this mailer, click here.


  The FISME Factor  


President's Message
Mr Animesh SaxenaAfter a prolonged period of gloom and doom under Covid I & II, spate of good news has uplifted sentiments across India during festivities. Exports are booming, GST collection is on record highs and Sensex is climbing historic peaks. United States, world’s most important buyer, has decided to open doors and is going to allow flights soon. But all this should not fool us: Covid is not going to disappear. It has reappeared in China even after almost every citizen being vaccinated there. It may come back here too. Second, withdrawal of monetary stimulus by the US Federal Reserve may have an indirect but substantive impact especially on flow of funds. As Indian recovery is largely based on mobilization of massive investment in infrastructure, the tailwinds in global flows can derail economic growth. So while we celebrate let’s not forget realities. Let’s stay alert and not lower guards as yet. Happy Diwali to you all. "
Animesh Saxena, President, FISME
Vol VIV, Issue 239: Nov 1, 2021
Business Banter: Lessons from Entrepreneurs
The Right Way to Build Your 2022 Business Plan
Macro Metre
India sees big opportunity amidst chip crisis
India Rating cautions on export growth on H1 in FY22
Domestic Digest
Amazon Business records 360,000 MSME customers this festive season Knowledge and News Network (KNN)
Govt unveils ODOP ‘Dilli Bakes’ under PMFME Scheme
MSME Ministry launches ‘SAMBHAV’ programme with 1300 colleges to spread entrepreneurship
State Scan
MoS for Electronics Chandrasekhar launches first Internet Exchange of Uttarakhand in Dehradun Knowledge and News Network (KNN)
ADB to lend USD 100 mn for Agribusiness support in Maharashtra
UHBVN surcharge waiver scheme brings relief to MSMEs in Haryana
World Watch
Indian & Italian leaders to strengthen ties with renewable energy
Dubai to invest in infrastructure, help industrialization of J&K
Knowledge Store
The 7 Ps of Marketing
...And A Lot More
Business Banter: Lessons from Entrepreneurs

The Right Way to Build Your 2022 Business Plan

As the last couple months of 2021 approach, it's time to start thinking about how to reach even greater heights next year. One thing that never changes is the fact that having a great plan for your organization is essential. Even after you open your doors, you’ll continue to analyze, tweak and perfect that plan in order to improve operations. With the pandemic creating so much uncertainty, building a plan for 2022 may feel more difficult than in the past. However, there's some good news. Sticking to a few key points will take some of the edge off.
Writing on the Wall

Small, medium issue: Economic recovery gaining steam

High-frequency economic data suggests the Indian economy has crossed an important milestone. It weathered the intense second Covid wave better than expected, largely because governments avoided harsh lockdowns. The appropriate benchmark, however, is pre-pandemic performance and not year-on-year comparisons. By that measure, India is likely to exceed the pre-pandemic output by the end of the financial year. RBI’s October Bulletin indicated that its economic activity

Media Monitor

Macro Metre

India sees big opportunity amidst chip crisis

The chip deficit has stormed various sectors such as electronics, appliances, and automobile industries and has disrupted the supply chain globally. As per prominent global microchip providers, Qualcomm and Intel, the shortage is estimated to last up to 2 years which creates timely opportunity for India to venture into chip manufacturing. This also calls for the government to emphasize on the framing of semiconductor design-linked incentive policy which will offer financial and infrastructure assistance to MSMEs throughout various stages, as per government official sources.

India Rating cautions on export growth on H1 in FY22

As per India Ratings, it will be difficult for exports from India to see a substantial growth in the first half of FY22. It has recommended for a combination of policy support and strategies to tap opportunities of manufactured products for exports among developed and developing markets. The report pointed out that due to the aging population in developed markets, the demand for goods and products is different than what the emerging economies are exporting to them.

Centre releases Rs 44,000 cr to States towards GST Compensation

The Ministry of Finance has released INR 44,000 crore today to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. After taking into account earlier release of INR 1,15,000 crore (INR 75,000 crore released on 15th July, 2021 and INR 40,000 crore released on 07th October, 2021), total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is INR 1,59,000 crore.

Domestic Digest

Amazon Business records 360,000 MSME customers this festive season

The Vice President of Amazon India, Manish Tiwary said that this festive season the e-commerce platform has witnessed great participation fr0m over 360,000 MSME buyers on Amazon Business. Amazon’s Great Indian Festival started during midnight of October 2 with Prime Early Access and went live for all customers on October 3. There was access to the crores of product selection fr0m sellers on Amazon including unique products fr0m lakhs of Small and Medium Businesses (SMBs).

Govt unveils ODOP ‘Dilli Bakes’ under PMFME Scheme

The Ministry of Food Processing Industries, in association with the National Agricultural Cooperative Marketing Federation of India (NAFED), launched the first ‘One District, One Product’ ‘Dilli Bakes’ in the bakery products category of the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme today at Panchsheel Bhawan, New Delhi. It was launched in the presence of Union Minister for Food Processing Industries, Pashupati Kumar Paras, Minister of State for Food Processing Industries, Prahlad Singh Patel and Sanjeev Kumar Chadha, MD, NAFED.

MSME Ministry launches ‘SAMBHAV’ programme with 1300 colleges to spread entrepreneurship

Union Minister of MSME, Narayan Rane today presented “SAMBHAV”, a National Level Awareness Programme-2021 being organised by Ministry of Micro, Small & Medium Enterprises, Government of India, in New Delhi. He called for engagement of the youth in promoting entrepreneurship leading to the economic development of the country and emphasized that new products and services created by budding entrepreneurs can give a cascading effect, for stimulating related businesses or sectors.

MSMEs has key role in achieving $ 100 bn textiles and garments export target

The Ministry of Textile has set a target of USD 100 billion exports of textiles and garments over next five years. This move comes as a strategic response to the ongoing commotion in the Chinese economy, as they lose their share in the textile market with buyers not depending on China anymore. For India this is a perfect opportunity to tighten its grip in the textile industry. MSMEs constitute majority share of businesses involved in the textile sector, hence the Government should facilitate MSMEs in being a significant part of achieving this goal by further boosting manufacturing units and other key areas.
State Scan


MoS for Electronics Chandrasekhar launches first Internet Exchange of Uttarakhand in Dehradun

Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development and Entrepreneurship, inaugurated the first Internet Exchange in the state of Uttarakhand, hosted at Dehradun, through a virtual inaugural ceremony from Delhi today. The inauguration of the 10th internet exchange of National Internet Exchange of India (NIXI) in India will help in enhancing and improving the quality of Internet and Broadband services in Uttarakhand. Speaking on the occasion, Minister Chandrasekhar, said that 6 years back, in the year 2015, Our PM laid the foundations of Digital India with the objectives of bringing efficiency, ensuring corruption free governance, promoting entrepreneurship, creating jobs and developing competencies in certain strategic areas of technology by increasing the size of the digital economy.


ADB to lend USD 100 mn for Agribusiness support in Maharashtra

The Asian Development Bank (ADB) and the Government of India has signed a USD100 million loan to promote agribusiness in Maharashtra to boost farm incomes and reduce food losses. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance signed for the Government of India, the agreement for the Maharashtra Agribusiness Network (MAGNET) Project, while Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB. After the signing of the loan agreement, Mishra stated that the project supports agribusiness development in Maharashtra with holistic support to on-farm improvement in productivity, up-gradation of post-harvest facilities, and establishing efficient marketing structures to benefit horticulture producers. “The project will help small and marginal farmers in Maharashtra improve their post-harvest and marketing capacity, reduce food losses, and increase incomes through access to finance, capacity building, and horticulture value chain infrastructure development,” said Konishi. “The project interventions also align with ADB’s ongoing support to rural sector transformation in the state through mutually complementary projects for improving irrigation efficiency through rural electrification and for enhancing rural connectivity,” added Konishi.


UHBVN surcharge waiver scheme brings relief to MSMEs in Haryana

The Uttar Haryana Bijli Vitran Nigam (UHBVN) has introduced surcharge waiver scheme by the sum amounts or in installmnents, which is valid till Novemeber 30, 2021. Customers will be able to take a new connection by paying the entire amount of their billing amount either as a lump. The announcement regarding the launch of this scheme was made by the Haryana Power Minister Ranjit Singh. Power Minister Singh said that the income of the common people had been affected due to the first and second wave of Covid, hence, the UHBVN to ease the suffering of the people has introduced this scheme to provide concessions to consumers.
World Watch


Indian & Italian leaders to strengthen ties with renewable energy

On the sidelines of the G20 Leaders’ Summit hosted by Italy in Rome on October 30-31, 2021, Prime Minister Narendra Modi and Mario Draghi, President of the Council of Ministers of the Italian Republic had a bilateral meeting. The two Leaders acknowledged significant progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They expressed their resolve to strengthen cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue of accelerating the clean energy transition to fight climate change, central to both the G20 Leaders Summit in Rome and the COP26 in Glasgow. They also recalled the India-EU Leaders’ Meeting held in Porto on May 8, 2021, where the European Union and India highlighted the urgency of addressing the interdependent challenges of climate change, biodiversity loss and pollution and agreed to deepen cooperation for accelerating the deployment of renewable energy, including deployment of innovative renewable technologies such as offshore wind energy and exploiting the potential of green hydrogen, promoting energy efficiency, developing smart grids and storage technologies, modernizing the electricity market.
Read More    Back to Top

United Estates of Emirates    

Dubai to invest in infrastructure, help industrialization of J&K

Jammu and Kashmir (J&K) administration signed a Memorandum of Understanding (MoU) with the Government of Dubai for real estate development, industrial parks, IT towers, multipurpose towers, logistics, medical college, super specialty hospital and more. Union Minister for Commerce and Industry Piyush Goyal said that with the signing of the MoU with Dubai Government, the world has started to recognize the pace with which J&K is traversing on the development bandwagon. “This MoU is a milestone after which the investment will pour in from entire globe and is a big developmental push. Different entities from Dubai have shown keen interest in investment. Development has to be aspired on all fronts and we are on track,” he added. Commerce Minister Goyal thanked Prime Minister Narendra Modi and Home Minister Amit Shah for their focus and commitment towards the development of UT of Jammu & Kashmir. Recent industrial package of INR 28,400 crore is a testimony towards ensured development.
Read More    Back to Top
FISME’s official Twitter handle
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
Anil Bhardwaj, Secretary General
Other Events

Indian Wedding Expo

Date: 08 - 09 Nov 2021
Venue: JW Marriott Mumbai Juhu, Mumbai
See Details

International Conference on Renewable, Environment and Agriculture (ICREA)

Date: 05 Nov 2021
Venue: Novotel: 5 Star Hotel, Guwahati
See Details

India International Trade Fair

Date: 14 - 27 Nov 2021
Venue: Pragati Maidan, New Delhi
See Details


Date: 18 - 20 Nov 2021Add To Calendar
Venue: India Knit Fair Complex, Tiruppur, India
See Details
Your Views

The IMF has projected that India will grow at 9.5% this fiscal year. Do you think that the economy is coming back to the track?

The MF has projected that India will grow at 9.5% this fiscal year. According to the FISME factor, 100% of the MSMEs think that the economy is coming back to the track.
Knowledge Store

HR Heuristics

9 Tips for Startup Hiring

Nothing will slow your startup down like having the wrong people in place. What’s the most challenging part of starting a company? Some would say it’s finding co-founders. Others might complain about the hassles of legal formation or state regulations. Still, others will insist that it’s gathering seed capital. My answer is simple: finding and hiring great people.

Finance Fundamentals

Why founders neglect finance functions and why they shouldn’t

Most startup entrepreneurs keep finance in low esteem. The rationale behind it is that finance is a back-office, non-revenue generating function that is not crucial in the early stages of the business. But this can be a big mistake. It is far from the truth that finance is a pure back-office function and does not generate revenue.

Marketing Mantras

The 7 Ps of Marketing

Once you've developed your marketing strategy, there is a "Seven P Formula" you should use to continually evaluate and reevaluate your business activities. These seven are: product, price, promotion, place, packaging, positioning and people. As products, markets, customers and needs change rapidly, you must continually revisit these seven Ps to make sure you're on track and achieving the maximum results possible for you in today's marketplace.

Policy Polemic

MSEs in Karnataka seek extension of Karasamadhana Scheme

The Karnataka Small Scale Industries Association (KASSIA) has appealed to the State government to extend the Karasamadhana Scheme for at least micro and small scale enterprises (MSEs), from Oct 31, 2021 to March 31, 2022. This plea comes in wake of MSMEs slow recovery from the impact of pandemic and the second wave of Covid-19 in particular which drastically hit the sector.

SME Special

How Resham Sutra is making the lives of rural silk weavers better

Delhi-based agritech startup Resham Sutra makes solar energy-based machines that empower rural silk weavers, women, and their families to improve productivity, increase their income, and lead better lives.

Success Story

This entrepreneur left his job in the US to start a Surat-based clothing brand; sells 3 lakh units a month

When the COVID-19 pandemic hit, people preferred to wear comfortable clothes at home as they didn’t have anywhere to go amid the lockdown. This is corroborated by the rapid growth India’s innerwear brands saw amid the lockdown, growing at 18-20 percent annually.


The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has been bringing out the employment related statistics in the formal sector covering the period September 2017 onwards, using information on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme and the National Pension Scheme (NPS).

Quotable Quotes

“Try not to become a person of success, but rather try to become a person of value. ”
– - Albert Einstein- German-born theoretical physicist
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 MSME became members of FISME during the period from 1st October to 15th October 2021
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.
send mail to: newsletter@fisme.org.in
   Bach to Top
Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Kalpana Sharma
Types setting & websdesigning: Sanjay Sachan  


You are receiving this Newsletter because you are included in our mailing list of recipients who are involved or interested in FISME or Indian MSMEs. You are welcome to partly or fully reproduce and disseminate the contents of this publication provided that you acknowledge the source.

To subscribe/unsubscribe to this Newsletter
click subscribe or unsubscribe

This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
Federation of Indian Micro and Small & Medium Enterprises (FISME)
Headquarter: B – 4 / 161, Safdarjung Enclave, New Delhi – 110029
Telephone: +91 11 26187948, +91 11 26712064, +91 11 46023157   Fax: +91 – 11 – 26109470
Email: info@fisme.org.in ,   Website: www.fisme.org.in
57/5, Family YMCA Building,
Millers Road, Benson Town,
Bangalore - 560046
Tel: +91-80-23543589
Email: bangalore@fisme.org.in
H. No. 6-3-569 / 1/2/4
2nd floor, Rockdale Compound, Somajiguda
Hyderabad – 500082
Tel: +91- 40- 23322117 Fax: +91 -40- 23312116
Email: hyderabad@fisme.org.in
Tel: +91- 11- 4364 2013
Email: chamber.jw@fisme.org.in
Tel: +91 -11- 46035866
Email: chamber.mpur@fisme.org.in
Tel: +91 -11- 4106 8644
Email: kalkaji@fisme.org.in