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President's Message
" For a nation that does not want to compete purely on labour costs, but wants to thrive on innovation and knowledge, having an effective framework for Intellectual Property is an absolute necessity. While India signed the IPR framework at WTO, a national guiding framework was missing. With the Union Cabinet approving the National IPR Policy, a long felt need is fulfilled. The speed of creation of new knowledge has accelerated tremendously. The IPR framework needs to be continuously upgraded. The Policy provides for creation of such an institutional set-up. It also aims to address many of the prevailing ills and vows to support MSMEs. What is particularly commendable is that the Govt. has not bowed down under pressure and refused ‘ever-greening’ of patents (a loop hole through which some companies keep getting their patents renewed/ extended infinitely citing incremental improvements). Through our three IP Facilitation Centers (Delhi, Bangalore and Hyderabad), it will be our endeavour at FISME, that benefits of the National IPR policy reach to MSMEs and start-ups.
"
During a high-profile meeting called by Raksha Mantri Shri Manohar Parrikar to discuss the Atre Committee recommendations on selection of Strategic partners, FISME demanded that 60% procurement should be done from Indian vendors and at least 20% procurement from MSMEs.
FISME delegation was led by Shri Anil Agarwal, Sr. Vice President.
A new concept of Strategic partner in Defence procurement was mooted by the Dhirendra Singh Committee which was formed to review the defence procurement procedure. It involves identification and selection of Indian private sector defence manufacturers as “strategic partners” to develop “complex and strategic systems” within the country, or receive technology transferred from foreign suppliers in large defence contracts. Such systems could be aircrafts, ships, submarines etc.
Should you insist on sky-high standards and be ruthless about improving your product? Yup, but balance that drive with a little gentleness toward yourself. Starting up is hard, so you won't make it through unless you keep your spirits up, suggest several entrepreneurial veterans. "Mistakes will be made so don't beat yourself up over these but learn, adapt, move forward and persevere with your vision and those lessons learned," Liu reminds founders.
Notwithstanding delays in domestic policy reforms, India's economy is "slowly gaining momentum" and is projected to grow by 7.3 per cent this year, a UN report today forecast.
The World Economic Situation and Prospect report, in its mid-2016 update, said India is expected to achieve a 7.5 per cent GDP growth in 2017 and the economic prospects of the South Asian region will be "contingent" on the growth trajectory of India and Iran.
The Rajya Sabha, on Wednesday, passed the major economic reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code, 2016’. The Lok Sabha had earlier passed the Bill on 5th May, 2016.
“This is considered as the biggest economic reform next only to GST,” Ministry of Finance said in a statement.
The objective of the new law is to promote entrepreneurship, availability of credit, and balance the interests of all stakeholders by consolidating and amending the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner and for maximization of value of assets of such persons and matters connected therewith or incidental thereto.
In a move that would weave in strengths of the corporate entities including MSMEs, the Union Cabinet yesterday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India.
The Policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all.
The Department of Industrial Policy & Promotion (DIPP) has begun an exercise for issuance of Unique Business Identification Number (UBIN) for budding entrepreneurs to start off their new businesses without any delay, said DIPP Secretary, Ramesh Abhishek.
“This number would automatically be moved on to MCA portal after it is issued to the intended beneficiary and subsequently sent on to the CBDT which would nomenclature it as PAN for Unique Business Identification Number”, said Abhishek.
In an initiative that will make it easier for exporters to claim incentives, the Centre has decided to extend the market coverage under the Merchandise Export from India Scheme (MEIS) to all countries.
This means that the notified benefits for exports of the identified 2787 categories of items (tariff lines) will be provided for shipping to all countries and not specific ones. “Henceforth, landing certificates shall not be required under MEIS with effect from May 4, 2016,” an official release said.
With the view to promote clean technology innovations amongst Indian MSMEs, entries have been sought from small and medium enterprises (SMEs) as well as emerging start-ups for the third Global Cleantech Innovation Programme (GCIP).
GCIP is run by United Nations Industrial Development organization (UNIDO) in association with world's largest clean technology accelerator (Cleantech Open USA). The Ministry of MSME in partnership with UNIDO launched GCIP in 2013 for promoting Innovations in the Indian SMEs in clean technologies.
As many as 23 small and medium enterprises have lined up their initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE's SME platform, are expected to float IPOs in the coming months.
The exchange has already given go-ahead to 10 SMEs, while another 13 have filed their draft offer documents with BSE and are awaiting its approval, the bourse said in a statement.
Despite the government’s clear instruction to follow the mandatory 20% procurement policy from the Micro, Small and Medium Enterprises (MSMEs), some of the big departments like Railways are allegedly flouting the norms ignoring repeated requests made by the small entrepreneurs to include them in the tenders for which they are fully entitled and qualified.
One such issue has been raised by H S Arora, Managing Director, Data Technosys (Engineering) Pvt Ltd.
Insolvency and Bankruptcy Code 2016 will be an enabler for start-ups and small and medium enterprises (SMEs) to complete the resolution process in 90 days (extendable to 45 days in deserving cases), Ministry of Finance said in a release.
History was created on 11th May, 2016 when the Rajya Sabha passed the major Economic Reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code,2016’. With the passing of this Bill, India has crossed an important milestone in becoming a world class economy.
Kutch is one of the areas in the country facing the high scarcity of water. As a result of this, the Gujarat Ministers’ Sub-Committee for Drought Relief, at its meeting chaired by Chief Minister Anandiben Patel here today, declared 121 villages in seven talukas of Kutch, Jamnagar and Banaskantha districts as drought-hit.
Now the total number of drought hit and semi drought hit villages is 1,115 in the state.
With an objective to train the unemployed youth for getting job in industry, the Micro, Small and Medium Enterprises (MSME) Development Institute, Bengaluru is conducting a skill development programme.
The training on ‘Programming and Operation of Computer Numerical Control (CNC) Lathe and Machining Centre’ would be conducted from May 16, 2016.
Engineering graduates/diploma holders/ITI (mechanical trades) or technically experienced people are eligible for the training.
The Jammu MSMEs have hailed the state government’s initiatives for growth of industrial sector in the state, but at the same time the MSMEs highlighted the need for Central Package of Incentives without which, they say, the investors would not be wooed.
The Bari Brahmana Industrial Association (BBIA) held an urgent meeting of its members under the chairmanship of Lalit Mahajan, President, BBIA.During the meeting the members appreciated the Initiatives taken by Chief Minister Mehbooba Mufti and Industries and Commerce Minister Chander Parkash for speedy industrial growth in the state which will open the employment opportunities for local unemployed youths.
Giving a platform to the businesses from the food sector, a Restaurant & Catering Show 2016 is being organized in Mumbai from September 28-30, 2016.
It is a national fair for the Restaurant and Catering professionals in which the institutional buyers from the food sector take part.
Restaurant & Catering Show also known as the RECA Show is the only event in India exclusively serving the restaurant and foodservice industry.
Country's tea export to Pakistan jumped 47.50 per cent to Rs 184.56 crore in 2015-16.
The overall shipments of tea rose 10 per cent to Rs 4,200.46 crore in the same fiscal.
In 2014-15, tea exports to Pakistan had stood at Rs 125.12 crore and the overall exports were at Rs 3,823.64 crore. In volume terms, outward shipments from India to Pakistan increased to 18.94 million kg in 2015-16 as against 15.20 million kg in the preceding fiscal, according to Tea Board's data.
India's imports from China has jumped sixfold to $61.71 billion in 2015-16 from $10.87 billion in 2005-06, Parliament was informed today.
Increasing imports from China can be attributed to the fact that these are mostly manufactured items required to meet India's demand for fast expanding sectors like telecom and power, which China, due to variety of reasons, is able to export at competitive prices, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.
Mauritius is set to lose its sheen as a conduit for investments into India with both countries modifying their double taxation avoidance pact as part of efforts to clamp down on treaty abuse.
The two countries on Tuesday signed a protocol at Port Louis to amend the Double Taxation Avoidance Agreement (DTAA), under which capital gains earned by a Mauritian entity will be taxable in India at the full domestic tax rate from financial year 2019-20 onwards.
In India, retail borrowers don’t get benefits of a good credit score. Do you agree?
According to the FISME Factor, about 38 percent of Micro, Small and Medium Enterprises (MSMEs) think that retail borrowers don’t get benefits of a good credit score while 50 percent think otherwise.
Lessons from nature to spring yourself - and your company forward
Spring is the perfect time to connect with the illuminating growth in nature and courageously expand our own beings beyond what we thought was the limit of our form. Witness visual cues of buds bursting to be born again as flowers, after defending themselves against the foes of winter for so long.
Let's seize this springtime opportunity to consciously peek within our beings and businesses. Let's connect with and amplify our life/business conditions.
10 reasons why SMEs must seek listing on stock exchanges
During last few years, a lot has been written and said about Small and Medium Enterprises (SMEs), their size and contribution to the economy and the ways of providing fund-raising options to them. Various Government bodies are on the job for the same.
Effective relationship management: The ABCDE of SCRAM
The Man from SPIT (Sales Performance Improvement Technologies) stared at the gathering of Account Managers with a look of distaste and suspicion as if he smelt ripe manure but couldn't quite locate the offending source.
"I want you to forget everything you know about selling" he sneered " because let's be frank - since 75% of you are below 50% of your sales quota there isn't much you need to forget...right?"
Ludhiana cycle industry was already suffering due to cheap Chinese imports; why invite them: MSMEs
The bicycle industry in Ludhiana, which mostly consists of the micro, small and medium enterprises (MSMEs), has asked the state government not to promote Chinese industry in Ludhiana.
The reaction came after the Deputy Chief Minister Sukhbir Singh Badal Sunday met the Chinese Bicycle Association (CBA) in Shanghai and invited them to invest in Ludhiana, where, he said 300 acres of land has been set aside for manufacturing high-end bicycles.
Kraft Festival: Entrepreneurs get together to create online market
Innovation has helped turn Ruchi Kanwar, a 40-year-old with a hobby of making organic soaps in her kitchen, into a successful homeprenuer- an entreprenuer who works from home.
From basic 'haldi-besan', 'neem' and 'aloe-vera' to ingenious 'coffee' soaps, Kanwar, who quit a full time job in the media industry to pursue her passion has produced 100 types of skin friendly organic soaps, most of which were part of the 'The Kraft Festival' held in Noida's DLF Mall recently.
A techie’s ready-to-cook food start-up is steaming
She holds a Master’s degree in Computer Science and has worked in the US for a pharmaceutical company, managing its database.
When she wanted to move back to India with her family, the pharmaceutical company wanted her to continue working for it from India, since technology had advanced enough for her to remotely manage work. She did that for a couple of years before calling it quits and starting a venture that she was passionate about.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of September 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.
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" For a nation that does not want to compete purely on labour costs, but wants to thrive on innovation and knowledge, having an effective framework for Intellectual Property is an absolute necessity. While India signed the IPR framework at WTO, a national guiding framework was missing. With the Union Cabinet approving the National IPR Policy, a long felt need is fulfilled. The speed of creation of new knowledge has accelerated tremendously. The IPR framework needs to be continuously upgraded. The Policy provides for creation of such an institutional set-up. It also aims to address many of the prevailing ills and vows to support MSMEs. What is particularly commendable is that the Govt. has not bowed down under pressure and refused ‘ever-greening’ of patents (a loop hole through which some companies keep getting their patents renewed/ extended infinitely citing incremental improvements). Through our three IP Facilitation Centers (Delhi, Bangalore and Hyderabad), it will be our endeavour at FISME, that benefits of the National IPR policy reach to MSMEs and start-ups.
"
During a high-profile meeting called by Raksha Mantri Shri Manohar Parrikar to discuss the Atre Committee recommendations on selection of Strategic partners, FISME demanded that 60% procurement should be done from Indian vendors and at least 20% procurement from MSMEs.
FISME delegation was led by Shri Anil Agarwal, Sr. Vice President.
A new concept of Strategic partner in Defence procurement was mooted by the Dhirendra Singh Committee which was formed to review the defence procurement procedure. It involves identification and selection of Indian private sector defence manufacturers as “strategic partners” to develop “complex and strategic systems” within the country, or receive technology transferred from foreign suppliers in large defence contracts. Such systems could be aircrafts, ships, submarines etc.
Should you insist on sky-high standards and be ruthless about improving your product? Yup, but balance that drive with a little gentleness toward yourself. Starting up is hard, so you won't make it through unless you keep your spirits up, suggest several entrepreneurial veterans. "Mistakes will be made so don't beat yourself up over these but learn, adapt, move forward and persevere with your vision and those lessons learned," Liu reminds founders.
Notwithstanding delays in domestic policy reforms, India's economy is "slowly gaining momentum" and is projected to grow by 7.3 per cent this year, a UN report today forecast.
The World Economic Situation and Prospect report, in its mid-2016 update, said India is expected to achieve a 7.5 per cent GDP growth in 2017 and the economic prospects of the South Asian region will be "contingent" on the growth trajectory of India and Iran.
The Rajya Sabha, on Wednesday, passed the major economic reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code, 2016’. The Lok Sabha had earlier passed the Bill on 5th May, 2016.
“This is considered as the biggest economic reform next only to GST,” Ministry of Finance said in a statement.
The objective of the new law is to promote entrepreneurship, availability of credit, and balance the interests of all stakeholders by consolidating and amending the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner and for maximization of value of assets of such persons and matters connected therewith or incidental thereto.
In a move that would weave in strengths of the corporate entities including MSMEs, the Union Cabinet yesterday approved the National Intellectual Property Rights (IPR) Policy that will lay the future roadmap for intellectual property in India.
The Policy recognises the abundance of creative and innovative energies that flow in India, and the need to tap into and channelise these energies towards a better and brighter future for all.
The Department of Industrial Policy & Promotion (DIPP) has begun an exercise for issuance of Unique Business Identification Number (UBIN) for budding entrepreneurs to start off their new businesses without any delay, said DIPP Secretary, Ramesh Abhishek.
“This number would automatically be moved on to MCA portal after it is issued to the intended beneficiary and subsequently sent on to the CBDT which would nomenclature it as PAN for Unique Business Identification Number”, said Abhishek.
With the view to promote clean technology innovations amongst Indian MSMEs, entries have been sought from small and medium enterprises (SMEs) as well as emerging start-ups for the third Global Cleantech Innovation Programme (GCIP).
GCIP is run by United Nations Industrial Development organization (UNIDO) in association with world's largest clean technology accelerator (Cleantech Open USA). The Ministry of MSME in partnership with UNIDO launched GCIP in 2013 for promoting Innovations in the Indian SMEs in clean technologies.
As many as 23 small and medium enterprises have lined up their initial public offers (IPOs) to fund business expansion and meet working capital requirements. These companies, which are planning to list on BSE's SME platform, are expected to float IPOs in the coming months.
The exchange has already given go-ahead to 10 SMEs, while another 13 have filed their draft offer documents with BSE and are awaiting its approval, the bourse said in a statement.
Despite the government’s clear instruction to follow the mandatory 20% procurement policy from the Micro, Small and Medium Enterprises (MSMEs), some of the big departments like Railways are allegedly flouting the norms ignoring repeated requests made by the small entrepreneurs to include them in the tenders for which they are fully entitled and qualified.
One such issue has been raised by H S Arora, Managing Director, Data Technosys (Engineering) Pvt Ltd.
Insolvency and Bankruptcy Code 2016 will be an enabler for start-ups and small and medium enterprises (SMEs) to complete the resolution process in 90 days (extendable to 45 days in deserving cases), Ministry of Finance said in a release.
History was created on 11th May, 2016 when the Rajya Sabha passed the major Economic Reform Bill moved by the Government i.e. ‘Insolvency and Bankruptcy Code,2016’. With the passing of this Bill, India has crossed an important milestone in becoming a world class economy.
Kutch is one of the areas in the country facing the high scarcity of water. As a result of this, the Gujarat Ministers’ Sub-Committee for Drought Relief, at its meeting chaired by Chief Minister Anandiben Patel here today, declared 121 villages in seven talukas of Kutch, Jamnagar and Banaskantha districts as drought-hit.
Now the total number of drought hit and semi drought hit villages is 1,115 in the state.
With an objective to train the unemployed youth for getting job in industry, the Micro, Small and Medium Enterprises (MSME) Development Institute, Bengaluru is conducting a skill development programme.
The training on ‘Programming and Operation of Computer Numerical Control (CNC) Lathe and Machining Centre’ would be conducted from May 16, 2016.
Engineering graduates/diploma holders/ITI (mechanical trades) or technically experienced people are eligible for the training.
The Jammu MSMEs have hailed the state government’s initiatives for growth of industrial sector in the state, but at the same time the MSMEs highlighted the need for Central Package of Incentives without which, they say, the investors would not be wooed.
The Bari Brahmana Industrial Association (BBIA) held an urgent meeting of its members under the chairmanship of Lalit Mahajan, President, BBIA.During the meeting the members appreciated the Initiatives taken by Chief Minister Mehbooba Mufti and Industries and Commerce Minister Chander Parkash for speedy industrial growth in the state which will open the employment opportunities for local unemployed youths.
Giving a platform to the businesses from the food sector, a Restaurant & Catering Show 2016 is being organized in Mumbai from September 28-30, 2016.
It is a national fair for the Restaurant and Catering professionals in which the institutional buyers from the food sector take part.
Restaurant & Catering Show also known as the RECA Show is the only event in India exclusively serving the restaurant and foodservice industry.
Country's tea export to Pakistan jumped 47.50 per cent to Rs 184.56 crore in 2015-16.
The overall shipments of tea rose 10 per cent to Rs 4,200.46 crore in the same fiscal.
In 2014-15, tea exports to Pakistan had stood at Rs 125.12 crore and the overall exports were at Rs 3,823.64 crore. In volume terms, outward shipments from India to Pakistan increased to 18.94 million kg in 2015-16 as against 15.20 million kg in the preceding fiscal, according to Tea Board's data.
India's imports from China has jumped sixfold to $61.71 billion in 2015-16 from $10.87 billion in 2005-06, Parliament was informed today.
Increasing imports from China can be attributed to the fact that these are mostly manufactured items required to meet India's demand for fast expanding sectors like telecom and power, which China, due to variety of reasons, is able to export at competitive prices, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.
Mauritius is set to lose its sheen as a conduit for investments into India with both countries modifying their double taxation avoidance pact as part of efforts to clamp down on treaty abuse.
The two countries on Tuesday signed a protocol at Port Louis to amend the Double Taxation Avoidance Agreement (DTAA), under which capital gains earned by a Mauritian entity will be taxable in India at the full domestic tax rate from financial year 2019-20 onwards.
According to the FISME Factor, about 38 percent of Micro, Small and Medium Enterprises (MSMEs) think that retail borrowers don’t get benefits of a good credit score while 50 percent think otherwise.
Spring is the perfect time to connect with the illuminating growth in nature and courageously expand our own beings beyond what we thought was the limit of our form. Witness visual cues of buds bursting to be born again as flowers, after defending themselves against the foes of winter for so long.
Let's seize this springtime opportunity to consciously peek within our beings and businesses. Let's connect with and amplify our life/business conditions.
During last few years, a lot has been written and said about Small and Medium Enterprises (SMEs), their size and contribution to the economy and the ways of providing fund-raising options to them. Various Government bodies are on the job for the same.
The Man from SPIT (Sales Performance Improvement Technologies) stared at the gathering of Account Managers with a look of distaste and suspicion as if he smelt ripe manure but couldn't quite locate the offending source.
"I want you to forget everything you know about selling" he sneered " because let's be frank - since 75% of you are below 50% of your sales quota there isn't much you need to forget...right?"
The bicycle industry in Ludhiana, which mostly consists of the micro, small and medium enterprises (MSMEs), has asked the state government not to promote Chinese industry in Ludhiana.
The reaction came after the Deputy Chief Minister Sukhbir Singh Badal Sunday met the Chinese Bicycle Association (CBA) in Shanghai and invited them to invest in Ludhiana, where, he said 300 acres of land has been set aside for manufacturing high-end bicycles.
Innovation has helped turn Ruchi Kanwar, a 40-year-old with a hobby of making organic soaps in her kitchen, into a successful homeprenuer- an entreprenuer who works from home.
From basic 'haldi-besan', 'neem' and 'aloe-vera' to ingenious 'coffee' soaps, Kanwar, who quit a full time job in the media industry to pursue her passion has produced 100 types of skin friendly organic soaps, most of which were part of the 'The Kraft Festival' held in Noida's DLF Mall recently.
She holds a Master’s degree in Computer Science and has worked in the US for a pharmaceutical company, managing its database.
When she wanted to move back to India with her family, the pharmaceutical company wanted her to continue working for it from India, since technology had advanced enough for her to remotely manage work. She did that for a couple of years before calling it quits and starting a venture that she was passionate about.
“ Whatever the mind can conceive and believe, the mind can achieve. ”
Buy our one-of-a-kind guide to all industrial testing laboratories in India. Find the one most convenient for getting your products tested and certified. An invaluable compendium for all industrial units and exporters.
