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  The FISME Factor  


President Message
Mr Animesh SaxenaPublic Procurement is a very important subject especially for MSMEs. That is why FISME has identified it as one of the three issues under focus. I was invited to speak on the issue recently in a seminar organized by Central Public Sector Undertakings (CPSUs) and FICCI in Ahmedabad. I highlighted many difficulties that MSMEs face, in spite of 25% set-aside for MSEs in PP, at all levels of procurement starting from pre-tendering, tendering to post tendering. There are high participation which act as a barrier such as Ernest money, Bank Guarantees etc. Then there are bigger barriers in the form of hard to comply pre-qualification criteria such as very high turnover requirement, brand specification, in house testing requirement etc. MSMEs are also seldom given advantage of purchase preference policy. But post tendering difficulties are no less: Payments are routinely delayed. MSMEs are compelled to file cases in Facilitation Councils where even if the they get the Order in their favour, their Orders are seldom executed. The exclusion of Medium enterprises from Public Procurement Policy for MSMEs also needs review. At least in cases where there are MSE bidder, Medium could be allowed to covered under the MSME policy. But it is the dispute resolution that needs greatest attention. Arbitration has become a lengthy and costly process than legal process. After having lost at Arbitration Departments file cases in higher courts which take decades to resolve. Therefore, below a threshold if the Department appointed Arbitrator has given a verdict Department must not challenge it. Similarly, below a threshold, the departments should not go to higher court unnecessarily. The Finance Minister has also suggested the same in eth Budget 2022-23. We intend to pursue these suggestions to improve public procurement. "
Prashant Patel, President, FISME
Vol VIV, Issue 254: June 15, 2022
Business Banter: Lessons from Entrepreneurs
5 Harsh Realities Entrepreneurs Rarely Expect (and How to Overcome Them)
Macro Metre
Merchandise export rose by 20% to $38.94 bn in May
Industrial production index jumps from 1.9% in March to 7.1% in April
Domestic Digest
Google launches Startups India Accelerator for Women Knowledge and News Network (KNN)
MSMEs struggling with low-carbon transition
Indian Industrial sector adds 5 mn jobs in Apr-May 2022
State Scan
TN launches Valar 4.0 collaborative platform for MSMEs, experts & service providers Knowledge and News Network (KNN)
Punjab Govt partners with SIDBI to develop MSMEs
Rajasthan offers incentives upto 15% & 1% interest subsidy to ZED certified MSMEs
World Watch
Kannauj MSME perfumers eye Egyptian market
UP strives for greater access to Japanese market for ODOP & traditional products
Knowledge Store
3 Ways to Attract the Customers You Deserve
...And A Lot More

Business Banter: Lessons from Entrepreneurs

5 Harsh Realities Entrepreneurs Rarely Expect (and How to Overcome Them)

When you begin a new venture, some pitfalls are expected — from a technology learning curve to the challenge of cracking the profitable customer acquisition code. However, it's often the obstacles you least expected that will sneak up and wreak havoc at your most vulnerable moments. As an entrepreneur who's experienced all of the below firsthand (sometimes with staggering consequences), I'd urge you to heed my warnings and prepare to face the unexpected, starting with these five harsh realities that may infiltrate your business at a moment's notice.
Writing on the Wall

Is the Indian economy truly resilient?

Whether it is the CAD, capital flows, inflation, credit offtake or growth, the outlook isn’t all that great The Indian economy is in facing some unprecedented challenges. A protracted war in Europe has introduced new strains even before the impact of Covid-19 has fully waned. Together, these two significantly weaken the backbone of the world economy, impacting both the advanced and emerging markets....

Media Monitor

Macro Metre

Merchandise export rose by 20% to $38.94 bn in May

The merchandise export in May 2022 marked at USD 38.94 billion compared to USD 32.30 Billion in May 2021.The service export were USD 23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 (USD 17.86 Billion). The overall exports combining Merchandise and Services estimated to be USD 62.21 billion in May 2022, exhibiting a jump of 24 per cent over the same period last year, said the Ministry of Commerce and Industry.

Industrial production index jumps from 1.9% in March to 7.1% in April

India’s Industrial growth, as per the Index of Industrial Production (IIP), accelerated by 7.1 per cent in April as against 1.9 per cent in March 2022. According to the data released on Friday by the Ministry of Statistics and Programme, the growth in IIP data is led by all the sectors. At 7.1 per cent, the April industrial growth rate is the highest in eight months, although it has been aided by a favourable base effect. The sharp rise in IIP growth comes after data released last month showed India's eight core sectors grew 8.4 percent in April, up from 4.9 percent in March.

India’s growth the fastest among G20 economies: PM Modi

Addressing the Ground Breaking Ceremony @3.0 of the UP Investors Summit at Lucknow on Friday, Prime Minister Narendra Modi said India is the fastest growing of the G20 economies and is at number two in the Global Retail Index. During the Ground Breaking Ceremony, he laid the foundation stone of 1406 projects worth more than Rs 80,000 crores. The projects encompass diverse sectors like Agriculture and Allied, IT and Electronics, MSME, Manufacturing, Renewable Energy, Pharma, Tourism, Defence & Aerospace, Handloom & Textiles etc.

Domestic Digest

Google launches Startups India Accelerator for Women

In an effort to ensure equal representation of women in the startup ecosystem, Google has launched the 'Startups India Accelerator — Indian women founder'. The tech giant said on Tuesday that the Accelerator is an attempt to correct the balance of how only 15 per cent of Indian unicorns have one or more women founders. "As Indian startups look to reinvent more sectors of the economy through technology, equal representation of women at the helm of this wave is critical to ensure that the promised changes are universally relevant and helpful," Google said.

MSMEs struggling with low-carbon transition

MSMEs are facing a challenge to move towards a low carbon transition given the dearth of roadmaps to help them decarbonize, said Ruchika Drall, Deputy Secretary, Ministry of Environment, Forest and Climate Change. She was speaking at the roundtable conference organised by the energy and resources institute on tuesday. The theme of the conference was “Financing Low Carbon Transitions for India's MSME Sector.” “The financial needs of this sector need innovation, such as using incentive-based finance and digital means of finance” , drall added.

Indian Industrial sector adds 5 mn jobs in Apr-May 2022

The industrial sector in India has increased 5.5 million employment in the last two months, as per the Centre for Monitoring Indian Economy (CMIE). While agriculture sector saw a fall in employment by 5.2 million and services added 6.7 million. “Net employment, therefore, increased this time by a relatively modest 1 million,” MD and CEO Mahesh Vyas of CMIE said. “Industry and services harness labour more productively than agriculture and therefore there is reason to cheer this recent transition,” he added.

Tyre exports record 50% jump in FY21-22

According to the data released by the Ministry of Commerce, the tyre exports from India witness a jump of 50 per cent. The exports reached an all-time high of Rs 21,178 crore in FY 2021-22. As compared to FY21, it has increased from Rs 14,101 crore and Rs 12,844 crore as against FY20. Currently, Indian manufactured tyres are being exported to over 170 countries including markets in North America and Europe. The top 5 export markets for Indian manufactured tyres in FY22 were US (19 per cent), Germany (7 per cent), Brazil (6 per cent), UK and France (4 per cent each). Traditionally the largest exported tyre categories from India are the farm/ agri and industrial tyres but the recent trends have shown an increase in the truck & bus radial (TBR) tyre.
State Scan

Tamil Nadu    

TN launches Valar 4.0 collaborative platform for MSMEs, experts & service providers

The Tamil Nadu government on Wednesday launched Valar 4.0, a website featuring information technology (IT) and service providers for micro, small and medium enterprises (MSME). It is developed by the Tamil Nadu e-Governance Agency on behalf of the Department of Information Technology and Digital Services. T.M. Anbarasan, MSME Ministera and Mano Thankaraj, Minister of Information Technology formally launched the website today. Its aim is to enhance the capabilities of MSMEs in Tamil Nadu, increase productivity, use state-of-the-art technology, exchange ideas, address issues and challenges and achieve the target of USD 1 trillion economy.


Punjab Govt partners with SIDBI to develop MSMEs

For the development of MSME ecosystem in the state, the Punjab government has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) on Monday. The pact has been signed for a period of three years to launch an umbrella programme ‘Mission Swavalamban’. Under this programme, SIDBI will set-up a project management unit (PMU) to work closely to facilitate the development of the MSME network in the state.


Rajasthan offers incentives upto 15% & 1% interest subsidy to ZED certified MSMEs

The new Rajasthan MSME policy proposes additional incentives of 15 per cent and 1 per cent interest subsidy for MSMEs having Zero defect, zero effect (ZED) certificate. The policy received the green signal from the industries department and is currently waiting for a clearance from the finance division. With the aim to achieve global competitiveness and development of MSMEs, specific industrial areas and clusters, skill development centres park development through PPP or private players have been included in the policy


AIC-GIM foundation to fund startups in Goa

To build a vibrant startup ecosystem in goa and across the country, Startup India has partnered with Goa Institute of Management’s incubator, the Atal Incubation Centre (AIC), to fund early stage startups. A sum of Rs 5 crore will be disbursed to about 16 certified startups. AIC-GIM will disburse up to Rs 20 lakh as a one-time grant or as much as Rs 50 lakh through debt instruments to each startup. The incubator chief executive officer Rajesh Joshi said that “while aside from the Rs 5 crore that Startup India has allocated as seed funding, an additional Rs 3.2 crore is on offer through the ministry of electronics and information technology’s MeitY SAMRIDH scheme.”
World Watch


Kannauj MSME perfumers eye Egyptian market

Perfume traders from Uttar Pradesh’s Kannauj district discussed trade opportunities with importers of Egypt at a virtual buyer-seller meet. The meet was jointly organised by the department of micro, small and medium enterprises (MSME) and export promotion of the state government and the Indian Embassy in Egypt. Speaking at the event, Navneet Sehgal, Additional Chief Secretary, MSME apprised participants of the ODOP products, including “attar” (perfume) of Kannauj.
Read More    Back to Top


UP strives for greater access to Japanese market for ODOP & traditional products

In a bid to increase exports of produce from Uttar Pradesh to Japan, the state government organised a virtual conference with the Embassy of India in Japan on Tuesday. The meeting was attended by Sanjay Verma Ambassador of India to Japan; Navneet Sehgal, Additional Chief Secretary, MSME, C Rajasekhar, OSD (State), Ministry of External Affairs and Arvind Kumar, Infrastructure and Industrial Development Commissioner. The discussion focused on how greater quantity of handicrafts, food, electronics, apparel, carpet, leather and ODOP products could be exported to Japan.
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

India International Garment Fair

Date: 20 - 22 Jun 2022
Venue: India Exposition Mart, Greater Noida
See Details

Medical Expo Kolkata

Date: 24 - 26 Jun 2022
Venue: Biswa Bangla Convention Centre, Kolkata
See Details


Date: 24 - 26 Jun 2022
Venue: BIEC Bengaluru International Exhibition Centre, Bengaluru
See Details

Compack Chennai

Date: 24 - 26 Jun 2022
Venue: Chennai Trade Centre, Chennai
See Details

Textile Utsav Exhibition & Fashion Show

Date: 27 - 28 Jun 2022
Venue: Surat International Exhibition & Convention Centre (SIECC), Surat
See Details

Ceramic & Bath Industry Show

Date: 30 Jun - 02 Jul 2022
Venue: Jio World Centre - Gate 6, Mumbai
See Details
Your Views

Despite global challenges, Indian exports rose by 24 per cent to USD 38.19 billion in April 2022. Do you think that the growth will continue in upcoming months?

Indian exports rose by 24 per cent to USD 38.19 billion in April 2022. According to the FISME factor, 100% of MSMEs think that the growth of Indian exports will continue in upcoming months.
Knowledge Store

HR Heuristics

Reskilling & upskilling will help employees navigate the new normal

The COVID-19 pandemic has had lasting implications on the future of work. The way most organisations used to operate has changed dramatically as more employees are now working remotely. One big change that most organisations have seen and will adopt in the future is the hybrid work model; which is a combination of remote work and office collaboration with a particular focus on wellness and employee experience.

Finance Fundamentals

Tips For Building And Growing Your Finance Team Effectively

Digitalism and evolving consumer behavior have dramatically changed the finance department's contribution toward business growth and transformation. Once primarily viewed as the company coffers' stewards, their role's scope and complexity have broadened.

Marketing Mantras

3 Ways to Attract the Customers You Deserve

If you've yet to read 2020's, The Connector Effect by Dr. Ivan Misner, Graham Weihmiller and Robert Skrob (or the current podcast it spawned), below is a crash course on all that these networking gurus preach when it comes to corralling the ideal customer.

Policy Polemic

Unending public procurement disputes dragging MSMEs: FISME

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 May 2022 (Provisional).

SME Special

This ex-techie-turned-social entrepreneur is on a mission to save a dying handloom village

Techie-turned-entrepreneur Anjali Chandran spent the last decade building her social enterprise Impresa, a Calicut-based venture that she is now proud to call “an ode to India’s traditional handloom sector.” Back in 2012, she did not fathom treading on this journey. She had just resigned from her job as a software engineer at Wipro and was looking forward to some quieter days of raising her daughter in her hometown of Thiruvangoor village in Kerala.

Success Story

Bootstrapped EV logistics startup Howdyy is helping Amazon, Bigbasket switch to green deliveries

While working in the engineering division of a diesel sales supplier, Aashirwad Deshmukkh had to send engine spare parts from one place to another. He says, “I realised that the process of booking a logistics vendor, getting driver details, loading and unloading, procuring documents like e-way bill, proof of delivery, and invoicing was a tedious and cumbersome process.”


Since April, 2018 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 EPF, ESI and NPS.

Quotable Quotes

“ When you work, work as if everything depends on you. When you pray, pray as if everything depends on God. ”
– - J.R.D. Tata- Industrialist, Entrepreneur & Chairman of Tata Group
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:
Reader Reactions

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Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Kalpana Sharma
Types setting & websdesigning: Sanjay Sachan  


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