If you are unable to view this mailer, click here.
President's Message
Among the MSME universe the announcement of National Monetisation Pipeline (NMP) by the Finance Minister Nirmala Sitharaman a few weeks ago, has largely gone unnoticed. It should not have been. It is the first serious effort by the NDA government to redeem its pledge: Govt has no business to be in business. Thanks deep socialist moorings across the political spectrum, it is impossible to make a move towards ‘privatization’. Which is quickly branded by political parties as sell off’. The mid way is leasing out the assets to private sector and monetise. Two successive Covid relief packages, requirement of massive amount of funds to help restart the economy and geo-political developments of last two years have exacerbated the need to raise resources through asset monetization. To rest the frayed nerves of opposition the FM clarified that land will not be monetised under NMP only brownfield assets to be monetised. The NMP can indeed create a positive trigger for the economy as it is all about better realization of revenue through completed assets using private sector energies and plough the money back in creation of more infrastructure. Roads, railways and power sector assets will comprise over 66% of the total estimated value of the assets to be monetised, with the remaining upcoming sectors including telecom, mining, aviation, ports, natural gas and petroleum product pipelines, warehouses and stadiums. This is no less significant than the privatization process of Vajpayee Government which created a cycle of investment boom.
"
Right now, most businesses are focused on establishing a "new normal." Leaders are mulling over the return to work and weighing the benefits of in-person, remote and hybrid models. Others are considering the pros and cons of vaccine mandates. And certainly, every CEO needs to take decisive action one way or the other. But beyond these hot-button issues, there’s still one facet of running a business that has demanded attention all along — growth.
The government has unveiled a four-year National Monetisation Pipeline worth an estimated Rs 6 lakh crore. What is the government's plan, which are the assets listed, and will there be challenges?
The NMP has been announced to provide a clear framework for monetisation and give potential investors a ready list of assets to generate investment interest. The government has stressed that these are brownfield assets, which have been “de-risked” from execution risks, and therefore should encourage private investment. ...
The retail sales in August 2021 were at 88% of the pre-pandemic levels (August 2019), as against 72% in July 2021, the Retailers Association of India (RAI) said in the 19th edition of the Retail Business Survey.
Speaking about festive season sales, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “As the festive season approaches and the inoculation drive picks up pace across the country, we are hopeful that the festive shopping this year will drive positive growth for most retailers, with the possibility of some retailers doing even better sales than the pre-pandemic levels. Though recovery at the moment looks encouraging across categories, retailers continue to maintain cautious optimism due to the possibility of a third wave of the pandemic.”
The Central government has revised "Transport and Marketing Assistance" (TMA) scheme for Specified Agriculture Products. The scheme has been extended till March 31, 2022.
Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs, the government said in a statement. In February 2019, the Department of Commerce had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ to provide assistance for the international component of freight, to mitigate the disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
To enhance India’s manufacturing capabilities, the central government has approved the Production Linked Incentive (PLI) Scheme worth ₹ 26,058 crore for Auto Industry and Drone Industry.
The Government led by Hon’ble Prime Minister, Narendra Modi, has approved the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of ₹ 26,058 crore, the Ministry of Heavy Industries said in a statement.
The PLI scheme for the auto sector will incentivize high-value Advanced Automotive Technology vehicles and products. It will herald a new age in higher technology, more efficient and green automotive manufacturing.
The government has approved major reforms in the telecom sector to boost employment, growth, competition and consumer interests and reduce the regulatory burden on Telecom Service Providers (TSPs).
The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved a number of structural and process reforms in the Telecom sector, the government said in a statement. These are expected to protect and generate employment opportunities, promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers (TSPs).
With the aim to provide modern infrastructure facilities for Food Processing Industries along the value chain from farm to the market, 21 food processing projects costing Rs 416.59 crores inaugurated during "Food Processing Week".
The Union Minister for Food Processing Industries, Pashupati Kumar Paras and Minister of State for Food Processing Industries, Prahlad Singh Patel inaugurated the projects. The Ministry of Food Processing Industries organized "Food Processing Week" from 6th September 2021 to 12th September 2021 as part of the Azadi Ka Amrit Mahotsav.
The Ministry of MSME is considering a new scheme in place of the recently closed CLCSS scheme. Credit Linked Capital Subsidy Scheme (CLCSS) was the flagship scheme of the Ministry to financially assist small and micro enterprises, to the extent of 15% of the cost of new plant and machinery, to adopt state of the art technology.
After running for nearly 20 years and supporting about a lakh of units in modernization with a total grant of more than 8000 crores, the scheme has been recently wound up. FISME led the MSME fraternity in appealing to the Government for continuation of the highly successful scheme. In response, the Ministry of Industry has informed their intention to start a new scheme and has requested suggestions from Associations on its framework.
There is a huge gap between expectations of Industries and present level of knowledge & Skill in Fresh Engineering Graduates, Diploma Holders and MBA’s. It is a fact that Industries have a lot of requirements, but they are not able to find suitable candidates. Its main the reason is that during their studies, they are not made aware of concepts being followed in Industries.
To bridge this Gap, CICU is going to start a Finishing School to make them aware of the latest concepts & industry expectations. A 3 month course will be run for fresher Engineering Graduates, Diploma Holders, MBAs.
With more and more services being added in the ambit of 'Right to Service', the entrepreneurs in Haryana are getting warmed up to the prospects of timely delivery of services by the State Government departments.
The Chairman of Haryana Right To Service Commission, T.C. Gupta informed during a meeting with entrepreneurs from Sonipat's Rai Industrial Area that the Commission under Section 17 of the Act could take Suo Moto notice of failure to deliver services.
"The Commission is empowered to carry out inspections of offices entrusted with the delivery of the Services and recommend departmental action against the erring officers and can also impose penalty upto a sum of Rs.20,000/- and can also allow compensation up to Rs. 5,000/-, to be paid to the eligible person by the defaulter", he said.
The government aims to start all industrial clusters in the state by 2022, said Madhya Pradesh MSME minister Omprakash Saklecha.
The minister while addressing a one-day workshop for local cluster developers and industrialists organized by the Micro, Small and Medium Enterprises Department of the government here on Friday, said, ''In order to encourage industrialists, efforts are being made to reduce the cost of production through cluster development in the state.'' Under this, various schemes are being run by the government to bring down the cost of energy, transportation, inventory, land etc, he added. He also said that recycling is very important to reduce the cost of production.
“Through recycling, we can recycle the waste by industrial units and use it in the production. We have to make India -- the largest manufacturing country -- for which we have to establish such industrial units, which will reduce our imports and increase exports'', he opined.
To strengthen the quality of Ayurvedic and other Indian Traditional Medicine products globally, the Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) signed a Memorandum of Understanding (MoU) with and American Herbal Pharmacopoeia, USA on Monday.
The MoU was signed virtually and the Ministry of Ayush has entered this MOU with the specific purpose of strengthening, promotion, and development standards in the field of Ayurveda and other Indian Traditional systems of medicine between the two countries on the basis of equality and mutual benefits, an official statement said.
How personalised & curated digital learning is the recipe for successful L&D
Personalised and curated digital learning can help create time-efficient, relevant and targeted corporate training programmes.
In an evolving business landscape, learning and development (L&D) and human resources (HR) teams are continually exploring newer approaches to manage workforce development and help businesses stay ahead of competition. Given the many changes in recent times, the need to improve L&D is higher than ever today.
Here’s the fundraising roadmap early-stage startup founders must keep in mind
Despite the economic slowdown across the globe and COVID-19 induced challenges attached to fundraising, the Indian startup ecosystem has witnessed numerous startups being added to the coveted $1 billion valuation in 2021. Some of these startups, which have emerged as ground-breaking businesses, have showcased an exemplary ability to overcome crises and build thriving and successful ventures.
10 Marketing Strategies to Fuel Your Business Growth
Growing a business isn't easy. First, you need a viable idea. From there, you need to discover a profitable niche, define a target demographic and have something of value to sell them. Whether you're peddling products, services or information, getting the word out has become increasingly burdensome. And without the right marketing strategies to fuel your growth, churning a profit and staying afloat is virtually impossible.
Tiruppur Knitwear units seek help to sail through COVID-induced crisis
Knitwear units in the city have approached the Central government requesting them to hasten up the reimbursement of the Rebate of State and Central Taxes and Levies (ROSCTL) to get rid of issues like COVID-19, non-availability of containers and ships to export the finished products and the economic slowdown.
How Jharkhand-based LFYD is helping local businesses compete with retail giants
Satyajeet Patnayak always wanted to be an entrepreneur. “I wanted to work hard towards solving a problem and thought why not do it myself,” he tells YourStory.
After graduating, he joined electric vehicle startup EGreen Vision as a co-founder but exited due to operational issues.
Focus on holistic lifestyle helped this Ayurvedic skincare startup grow amid the pandemic
The COVID-19 pandemic trained the spotlight on Ayurveda like never before. Across India, people turned to one of the world’s oldest holistic healing systems in an effort to stay healthy and fit. Alongside, more and more people jumped on to the online bandwagon – entertainment, bill payment, shopping, everything took a digital twist.
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation
(MoSPI) has released All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of August 2021 (Provisional)
“ Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step.
”
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
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.
This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
Among the MSME universe the announcement of National Monetisation Pipeline (NMP) by the Finance Minister Nirmala Sitharaman a few weeks ago, has largely gone unnoticed. It should not have been. It is the first serious effort by the NDA government to redeem its pledge: Govt has no business to be in business. Thanks deep socialist moorings across the political spectrum, it is impossible to make a move towards ‘privatization’. Which is quickly branded by political parties as sell off’. The mid way is leasing out the assets to private sector and monetise. Two successive Covid relief packages, requirement of massive amount of funds to help restart the economy and geo-political developments of last two years have exacerbated the need to raise resources through asset monetization. To rest the frayed nerves of opposition the FM clarified that land will not be monetised under NMP only brownfield assets to be monetised. The NMP can indeed create a positive trigger for the economy as it is all about better realization of revenue through completed assets using private sector energies and plough the money back in creation of more infrastructure. Roads, railways and power sector assets will comprise over 66% of the total estimated value of the assets to be monetised, with the remaining upcoming sectors including telecom, mining, aviation, ports, natural gas and petroleum product pipelines, warehouses and stadiums. This is no less significant than the privatization process of Vajpayee Government which created a cycle of investment boom.
"
The retail sales in August 2021 were at 88% of the pre-pandemic levels (August 2019), as against 72% in July 2021, the Retailers Association of India (RAI) said in the 19th edition of the Retail Business Survey.
Speaking about festive season sales, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “As the festive season approaches and the inoculation drive picks up pace across the country, we are hopeful that the festive shopping this year will drive positive growth for most retailers, with the possibility of some retailers doing even better sales than the pre-pandemic levels. Though recovery at the moment looks encouraging across categories, retailers continue to maintain cautious optimism due to the possibility of a third wave of the pandemic.”
The Central government has revised "Transport and Marketing Assistance" (TMA) scheme for Specified Agriculture Products. The scheme has been extended till March 31, 2022.
Enhanced assistance under the revised scheme is expected to help Indian exporters of agricultural products to meet rising freight and logistics costs, the government said in a statement. In February 2019, the Department of Commerce had introduced ‘Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme’ to provide assistance for the international component of freight, to mitigate the disadvantage of higher freight costs faced by the Indian exporters of agriculture products.
To enhance India’s manufacturing capabilities, the central government has approved the Production Linked Incentive (PLI) Scheme worth ₹ 26,058 crore for Auto Industry and Drone Industry.
The Government led by Hon’ble Prime Minister, Narendra Modi, has approved the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of ₹ 26,058 crore, the Ministry of Heavy Industries said in a statement.
The PLI scheme for the auto sector will incentivize high-value Advanced Automotive Technology vehicles and products. It will herald a new age in higher technology, more efficient and green automotive manufacturing.
The government has approved major reforms in the telecom sector to boost employment, growth, competition and consumer interests and reduce the regulatory burden on Telecom Service Providers (TSPs).
The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday approved a number of structural and process reforms in the Telecom sector, the government said in a statement. These are expected to protect and generate employment opportunities, promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers (TSPs).
With the aim to provide modern infrastructure facilities for Food Processing Industries along the value chain from farm to the market, 21 food processing projects costing Rs 416.59 crores inaugurated during "Food Processing Week".
The Union Minister for Food Processing Industries, Pashupati Kumar Paras and Minister of State for Food Processing Industries, Prahlad Singh Patel inaugurated the projects. The Ministry of Food Processing Industries organized "Food Processing Week" from 6th September 2021 to 12th September 2021 as part of the Azadi Ka Amrit Mahotsav.
The Ministry of MSME is considering a new scheme in place of the recently closed CLCSS scheme. Credit Linked Capital Subsidy Scheme (CLCSS) was the flagship scheme of the Ministry to financially assist small and micro enterprises, to the extent of 15% of the cost of new plant and machinery, to adopt state of the art technology.
After running for nearly 20 years and supporting about a lakh of units in modernization with a total grant of more than 8000 crores, the scheme has been recently wound up. FISME led the MSME fraternity in appealing to the Government for continuation of the highly successful scheme. In response, the Ministry of Industry has informed their intention to start a new scheme and has requested suggestions from Associations on its framework.
There is a huge gap between expectations of Industries and present level of knowledge & Skill in Fresh Engineering Graduates, Diploma Holders and MBA’s. It is a fact that Industries have a lot of requirements, but they are not able to find suitable candidates. Its main the reason is that during their studies, they are not made aware of concepts being followed in Industries.
To bridge this Gap, CICU is going to start a Finishing School to make them aware of the latest concepts & industry expectations. A 3 month course will be run for fresher Engineering Graduates, Diploma Holders, MBAs.
With more and more services being added in the ambit of 'Right to Service', the entrepreneurs in Haryana are getting warmed up to the prospects of timely delivery of services by the State Government departments.
The Chairman of Haryana Right To Service Commission, T.C. Gupta informed during a meeting with entrepreneurs from Sonipat's Rai Industrial Area that the Commission under Section 17 of the Act could take Suo Moto notice of failure to deliver services.
"The Commission is empowered to carry out inspections of offices entrusted with the delivery of the Services and recommend departmental action against the erring officers and can also impose penalty upto a sum of Rs.20,000/- and can also allow compensation up to Rs. 5,000/-, to be paid to the eligible person by the defaulter", he said.
The government aims to start all industrial clusters in the state by 2022, said Madhya Pradesh MSME minister Omprakash Saklecha.
The minister while addressing a one-day workshop for local cluster developers and industrialists organized by the Micro, Small and Medium Enterprises Department of the government here on Friday, said, ''In order to encourage industrialists, efforts are being made to reduce the cost of production through cluster development in the state.'' Under this, various schemes are being run by the government to bring down the cost of energy, transportation, inventory, land etc, he added. He also said that recycling is very important to reduce the cost of production.
“Through recycling, we can recycle the waste by industrial units and use it in the production. We have to make India -- the largest manufacturing country -- for which we have to establish such industrial units, which will reduce our imports and increase exports'', he opined.
To strengthen the quality of Ayurvedic and other Indian Traditional Medicine products globally, the Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H) signed a Memorandum of Understanding (MoU) with and American Herbal Pharmacopoeia, USA on Monday.
The MoU was signed virtually and the Ministry of Ayush has entered this MOU with the specific purpose of strengthening, promotion, and development standards in the field of Ayurveda and other Indian Traditional systems of medicine between the two countries on the basis of equality and mutual benefits, an official statement said.
As India's GDP growth accelerates to 20.1% in Q1 for FY22, according to the FISME factor, 100% of MSMEs can’t say that the growth is sustainable. 
Personalised and curated digital learning can help create time-efficient, relevant and targeted corporate training programmes.
In an evolving business landscape, learning and development (L&D) and human resources (HR) teams are continually exploring newer approaches to manage workforce development and help businesses stay ahead of competition. Given the many changes in recent times, the need to improve L&D is higher than ever today.
Despite the economic slowdown across the globe and COVID-19 induced challenges attached to fundraising, the Indian startup ecosystem has witnessed numerous startups being added to the coveted $1 billion valuation in 2021. Some of these startups, which have emerged as ground-breaking businesses, have showcased an exemplary ability to overcome crises and build thriving and successful ventures.
Growing a business isn't easy. First, you need a viable idea. From there, you need to discover a profitable niche, define a target demographic and have something of value to sell them. Whether you're peddling products, services or information, getting the word out has become increasingly burdensome. And without the right marketing strategies to fuel your growth, churning a profit and staying afloat is virtually impossible.
Knitwear units in the city have approached the Central government requesting them to hasten up the reimbursement of the Rebate of State and Central Taxes and Levies (ROSCTL) to get rid of issues like COVID-19, non-availability of containers and ships to export the finished products and the economic slowdown.
Satyajeet Patnayak always wanted to be an entrepreneur. “I wanted to work hard towards solving a problem and thought why not do it myself,” he tells YourStory.
After graduating, he joined electric vehicle startup EGreen Vision as a co-founder but exited due to operational issues.
The COVID-19 pandemic trained the spotlight on Ayurveda like never before. Across India, people turned to one of the world’s oldest holistic healing systems in an effort to stay healthy and fit. Alongside, more and more people jumped on to the online bandwagon – entertainment, bill payment, shopping, everything took a digital twist.
:max_bytes(150000):strip_icc()/laozilaotzu-56afcaa25f9b58b7d01d19c5.jpg)
“ Do the difficult things while they are easy and do the great things while they are small. A journey of a thousand miles must begin with a single step.
”
