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  The FISME Factor  


President's Message
Dr. Sangam Kurade, President, FISME " Defence sector has always been shrouded in mystery. Forget MSMEs, even India’s largest companies were seldom given an opportunity to leverage the prowess of their engineering capabilities in design and manufacturing for India’s defence needs. We have had the dubious distinction of being the largest importer of defence equipment- meeting 80% of our defence needs through imports, in the world for long! But now winds of change are blowing. First, Defence Procurement Procedures were re-tuned to allow private sector participation. Further, a for specific platforms strategic partnership has been mooted. FISME has been part of the process of dialogue and leveraging this to ensure MSMEs’ access to defence procurement. I have personally met the Defence Minister couple of times. We have now launched MSME Defence Suppliers’ Group to build capacities of MSMEs and bring the buyers and sellers together. It’s time MSMEs also contributed to nation building directly through partnerships in defence. "
Dr. Sangam Kurade, President, FISME
Vol IV, Issue 105: May 1, 2016
FISME President addresses International Mushroom Forum, China
FISME launches Defence Suppliers Group of MSMEs
Training programme for MSMEs in Bangalore and Chennai on Credit Information Bureaus by World Bank Group and FISME
Business Banter: Lessons from Entrepreneurs
The money is not the bottom line
Macro Metre
Indian economy likely to grow over 8% in FY17: Arvind Panagariya
India achieves 2nd highest volume Growth rate in Manufacturing Knowledge and News Network (KNN)
Domestic Digest
Chinese exports to India rely strongly on manufactured items: Sitharaman
Removal of subsidies on cotton to benefit Indian exports: Government Knowledge and News Network (KNN)
Companies will have unique ID no. to carry out business
State Scan
‘AP to have new website to help job seekers find employment opportunities in MSMEs Knowledge and News Network (KNN)
100% placement of trainees of MSME Samsung Technical School, Chennai
Rajasthan plans readymade manufacturing facilities
World Watch
India, Mongolia explore ways to deepen bilateral ties
India-Singapore urban management programme launched
Knowledge Store
From the streets to the upmarket
...And A Lot More
Join FISME’s
MSME Defence Suppliers’ Group
(for Defence Offsets and Strategic Partner Business)

FISME President addresses International Mushroom Forum, China

Dr. Sangam Kurade- food technologist, entrepreneur and President FISME, was invited to address an international forum organized concurrently with 'China International Mushroom New Products and Equipment Expo' 2016. The expo and international symposium was held at Anhui International Conference Center, Hefei, China from April 22 to 24, 2016. Dr. Kurade presented an overview of the processed food sector in India especially of mushrooms. He highlighted that in spite of global slow down the processed food sector in India continues to clock a double digit growth. 'What is heartening is that growth of Indian food sector is broad based and all segments are growing at rapid pace', he said.

FISME launches Defence Suppliers Group of MSMEs

Ministry of Defence has recently invited the apex body for MSME associations, FISME, to recommend MSMEs who can develop Defence Items not made in India so far. To develop a collaborative effort of MSMEs in defence supplies Federation of Indian Micro and Small & Medium Enterprises (FISME) has announced launching of ‘MSME Defence Suppliers Group’ and has invited all MSMEs, already supplying to Defence or are interested, to join the Group. FISME is the only MSME body invited to participate in the ‘Make in India’ mission of the Defence Ministry.

Training programme for MSMEs in Bangalore and Chennai on Credit Information Bureaus by World Bank Group and FISME

The World Bank Group joined hands with Federation of Indian Micro and Small & Medium Enterprises (FISME) to organise a 5 city campaign wherein experts from WBG would talk the growing importance of credit information in today’s global business operations and about the functioning of the credit information bureaus operating in India. After the success of the first programme in Faridabad, similar events were organized in Bangalore and Chennai. The programme in Bangalore was organised in association with Federation of Karnataka Chambers of Commerce & Industry (FKCCI) Sri. Tallam R. Dwarakanath, President, FKCCI in his inaugural address referred to the developed economies and said overseas credit information is not only an important tool for sourcing credit but also plays an important role in deciding the rate of interest. He further urged the participants to maintain a good credit score for easy processing of their loan applications.
Business Banter: Lessons from Entrepreneurs

The money is not the bottom line.

Many people start businesses for the money. But hopefully that’s not the only reason. Marie Forleo, founder of Marie TV and B-School, shared the secret of entrepreneurial success: “The money is not the bottom line. The people who I see that are the most successful -- there’s something deeper that drives them. There’s this strong burning desire to make a difference.”
Writing on the Wall

Decoding India’s jobless growth

We often say that manufacturing should take greater responsibility of job creation as agriculture already employs over half of India’s workforce, and services can’t absorb the million youth who are joining it every month. The Centre is trying its best to push manufacturing through the Make in India initiative. But that doesn’t seem to be working, at least when it comes to job creation.

Media Monitor

Macro Metre

Indian economy likely to grow over 8% in FY17: Arvind Panagariya

The economy is expected to grow over 8 per cent this fiscal with the forecast of above-normal monsson raising hopes of the agriculture sector's revival after two successive drought years, Niti Aayog vice-chairman Arvind Panagariya said today. "The economic growth rate will be more than 8 per cent during the current fiscal. There is a forecast of above-normal monsoon this fiscal," Panagariya said after delivering a lecture organised by the Central Vigilance Commission here.

India achieves 2nd highest volume Growth rate in Manufacturing

India realized outsized growth in physical volume in manufacturing, reported by a survey conducted by MAPI foundation, USA jointly with the United Nations, with manufacturing value-added increasing 10.5% a year during the decade 2003-13. China is the ‘Numero Uno’ with physical volume growth at a very strong 11.0% annual rate during the same period.However in the share of global manufacturing, India remained at distant 10th position with China holding the pole position. Even Brazil remained ahead of India. India’s share of global manufacturing value added has been reported at just 2% by the report while China achieved 23.2% share.

DGFT amends procedure for implementation of Track & Trace system for export of pharma, drug consignments

The Directorate General of Foreign Trade (DGFT) has amended the procedure for implementation of the Track and Trace system for export of pharmaceutical and drug consignments. In a notification dated January 5, 2016, DGFT had amended Para 2.89A of Handbook of Procedure, 2015-20, for laying down the procedure for implementation of the Track and Trace system for export consignments of drug formulations. The notification stated that the manufacturer or the exporter of drug formulations will print the barcode as per GS1 Global Standard at different packaging levels to facilitate tracking and tracing of their products.

India’s growth to get ‘La Nina’ boost

The probability is improving for a La Nina event leading to a good monsoon in India which could provide a major boost to consumption, investment and GDP growth, says a Deutsche Bank report. According to the global financial services firm, this year could throw up positive surprises for the country. “In order to alleviate rural distress, India needs bountiful rainfall, with proper spatial and temporal distribution. Consequently, a La Nina event could provide a major boost to consumption, investment and GDP growth,” Deutsche Bank said in a research note.

Domestic Digest

Chinese exports to India rely strongly on manufactured items: Sitharaman

India's increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power, Commerce & Industry Minister Nirmala Sitharaman has said. In a reply to the Parliament today, she said India's exports to China are characterized by primarily and intermediate products. The Minister said India's trade deficit with China stood at $48.68 billion during 2015-16 (April-February) and the total bilateral trade was $65.16 billion during the period.

Removal of subsidies on cotton to benefit Indian exports: Government

The decision taken at the World Trade Organisation's 2015 Nairobi Ministerial to eliminate export subsidies on cotton will benefit Indian shipments of the crop, the government said on Wednesday. "...it will create a level playing field for our farmers, who were not entitled for it but other developed countries were providing the same as scheduled, as per the rules," the commerce department said. The Nairobi Ministerial decision on cotton and export competition resulted in a commitment by developed countries to immediately eliminate their export subsidies, while developing countries were required to do so by January 1, 2017.

DIPP moves cabinet note on 100% FDI in food processing

The final cabinet note on allowing 100% FDI in food processing sector has been moved by the Department of Industrial Policy and Promotion (DIPP). Finance Minister Arun Jaitley had said in his budget speech, "100% FDI will be allowed through FIPB route in marketing of food products produced and manufactured in India. This will benefit farmers, give impetus to the food processing industry and also create vast employment opportunities.

Startup India: IIT incubation plans on fast track to boost new business ideas

In January, Indian Institute of Technology (IIT), Mandi, was selected as one of 18 sites across the country for setting up technology business incubators under the government's 'Start-Up India' initiative. The premier institute is now working on its new technology business incubator, named IIT Mandi Catalyst.IIT Patna recently received a total Rs 47.1 crore from the central government's department of electronics and information technology and the Bihar government to set up an incubation centre for electronics system design and manufacturing (ESDM).

Companies will have unique ID no. to carry out business

Companies will soon have one unique identification number to carry out all business transactions. The Central Board of Direct Taxes (CBDT) and the ministry of corporate affairs are integrating their back-end operations to provide one simple identity to companies, doing away with the multiplicity of numbers currently being used by them, a senior government official told. "While this will be implemented at Centre's level, states will have a unique number under the Goods and Service Tax," the official said. Corporate entities will no longer require a battery of identity numbers including corporate, employer and tax payer identification numbers once this exercise is done.
State Scan

Andhra Pradesh    

AP to have new website to help job seekers find employment opportunities in MSMEs

Linking the job seekers with the micro, small and medium enterprises (MSMEs) sector directly, a mobile employment-cum-skill development centre is being inaugurated in Andhra Pradesh. State chief minister N Chandrababu Naidu will inaugurate the portal called ‘Udyoga Ratham’ here today. The portal will provide information on employment opportunities in MSMEs in order to help the youth of the capital region and neighbouring cities to find jobs.


100% placement of trainees of MSME Samsung Technical School, Chennai

The MSME-Samsung Technical School in Chennai has attained 100 per cent placement of the 4th Batch of HHP ARISE - 2 (Advanced Repair & Industrial Skills Enhancement) course. “There has been 100% placement of 4th batch of HHP ARISE-2 (Advanced Repair & Industrial Skills Enhancement) course at MSME-Samsung Technical School,” the Ministry of MSME wrote in its Facebook post. As many as 17 students certified from the schools and had 100 per cent placement with 11 employed at Samsung partners while 6 employed by other companies.


Mysore MSMEs seek cooperation from trade unions, workers for economic development

Mysore MSMEs, a day before May Day that marks the unity of world working communities, have sought cooperation from all the trade unions and workers for smooth functioning of the industries. “Mysore Industries Association greets all Trade Unions ,Leaders & workers on the occasion of May Day which marks the unity of world working community,” according to a press statement. On the era of inviting Global Investors to put up their Industries in Mysore, industrialists are facing acute shortage of committed skilled man power, MIA said in a release.


Rajasthan plans readymade manufacturing facilities

Rajasthan plans to soon offer ready to move in manufacturing facilities in the state under its plug and play policy. This is yet another measure to boost industrial development in the state which has been at the forefront of reforms in labour laws and changes in land policy aimed at attracting investments. "A number of investors, especially smaller players, do not want to go through the whole process of land acquisition, building a factory," Veenu Gupta, principal secretary for industries in Rajasthan government told ET.
World Watch


India, Mongolia explore ways to deepen bilateral ties

An agreement to utilise India's line of credit of USD 1 billion to Mongolia for developing railways and infrastructure projects was signed between the two countries after they held extensive talks covering entire gamut of ties. Minister of State for External Affairs V K Singh and Mongolian Foreign Minister L Purevsuren, at the 5th meeting of India-Mongolia Joint Committee on Cooperation, deliberated on range of issues and agreed to further step up engagement. The USD 1 billion credit was announced by India during Prime Minister Narendra Modi's visit to that country in May last year.
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India-Singapore urban management programme launched

With an eye on improving urbanisation process in the country with assistance from Singapore an urban management program organised by Temasek Foundation (TF) and Singapore Cooperation Enterprise (SCE) and NITI Aayog got underway here on Wednesday for over 50 participants from seven Indian states. This is in accordance with an MoU which was signed during PM Narendra Modis visit to Singapore last year. Officials from 7 States (Tamil Nadu, Andhra Pradesh, Gujarat, Maharashtra, Delhi, Uttar Pradesh & Assam) are participating in this Programme that would cover areas of Urban Planning & Governance, Water, Waste Water & Solid Waste Management and Public Financing (PPP) of Urban Infrastructure.
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South Africa    

ITPO organizing India pavilion during Saitex and Africa Big Seven in Johannesburg

The India Trade Promotion Organization (ITPO) will be organizing India pavilion in the 23rd edition of Saitex and 11th edition of Africa Big Seven (AB 7) to be held from June 19-21 at Midrand, Johannesburg, South Africa. Saitex and Africa Big Seven offer biggest business opportunities in the continent and provide a forum to meet new business partners, explore new markets, enhance market and sales, share and cultivate new business opportunities.
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Parag Milk Foods set to export cheese to Russia

With Russia agreeing to import cheese from India after relaxing conditions, private dairy players in India have an ocean of opportunity to sell cheese in the Russian market. According to industry players, opening of cheese exports would boost cheese production in India and also fetch better prices for milk. It is learnt that the Union Commerce Ministry has finalised the proposed protocol drafted by Russia and signed the same. “Russia’s annual cheese demand is estimated at 200,000 tonnes. After the signing of the draft protocol by the Centre, cheese exports to Russia can start anytime,” said Devendra Shah, Chairman of Pune-based Parag Milk Foods.
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Upcoming Events

IP Awareness
“Introduction to IPRs: Tools to Growth"

Date: 16 May 2016
Venue: Mangalore
For further details please see link ………

Multilateral Trade Delegation to Bangladesh

Meeting on:
Easy flow of credit to MSMEs
(An initiative of World Bank. To be chaired by experts from World Bank)

Date: May, 2016
Venue: Mumbai
FISME’s official Twitter handle
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
Anil Bhardwaj, Secretary General
Other Events

Waptema Water Expoy

Date: 04th – 06th May 2016
Venue: Pragati Maidan, New Delhi
See Details

Trade Fair Exhibition Valsad

Date: 01st – 08th May 2016
Venue: Bai Avabai School Ground, Valsad
See Details

Business Opportunities Show Visakhapatnam

Date: 03rd May 2016
Venue: Hotel Dolphin, Visakhapatnam
See Details

Vasai Industrial Expo

Date: 02nd – 04th May 2016
Venue: YMCA Ground, Vasai
See Details


Date: 06th – 08th May 2016
Venue: Hotel Gulmor, Ludhiana
See Details

Screen Print India

Date: 06th – 08th May 2016
Venue: Bombay Exhibition Centre, Mumbai
See Details
Your Views

Will entry of foreign players eat into the share of Indian retail players?

According to the FISME Factor, about 90 percent of Micro, Small and Medium Enterprises (MSMEs) think that entry of foreign players will eat into the share of Indian retail players while only 10 percent disagree.
Knowledge Store

HR Heuristics

7 things to get right when working with parents in a family-run business

Succession in family businesses is a challenging issue; and the one critical milestone in this journey is "inducting the next generation into the business". When it is done well, it builds the right mindset and capabilities in the next generation. However, if it is done poorly, then it can take many years to recover from and sometimes, it can even lead to the demise of the enterprise. The induction is frequently driven from the perspective of the senior generation, as the younger generation is too inexperienced to have a point of view.

Finance Fundamentals

Tips to secure a bank loan for your business

Getting a bank loan for your business is often considered difficult, but the process can be simplified if you follow a few basic guidelines. Every bank has its own set of criteria for giving out loans. Some are bank specific, while others are across the banking industry. The first step to securing a loan is to get a basic level of homework done on what banks look for when giving out credit. Most of the information is available on the Internet and it would be a good starting point for any research.

Marketing Mantras

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?"

Policy Polemic

Falling Exports: Textile exporters feel the need for review of trade pacts to make them competitive

India's merchandise exports have been contracting for the last 15 months. India's 40% of the total exports are handled by the MSME sector which feels that it's the country's trade agreements which are not helping them much for competing globally.

SME Special

Start-up ‘ZoFind’ comes out with an app to locate small businesses

Just in line with the IT giant Google and Apple which has made navigation faster and easier, ZoFind has come up with an app which can locate the small businesses in an area. In the era of start-ups, Zofind has come up with the idea to make the already existing technologies useful for the local businesses.

Success Story

This R2D2 can get you up and keep going

From light-weight prosthetics to a standing wheelchair, the IIT-Madras lab develops affordable assistive devices for the disabled Walking into Sujatha Srinivasan’s lab in IIT-Madras is like entering a sci-fi movie set, with futuristic looking prosthetics models on table-tops and assistive devices in various stages of design and development. The Associate Professor, who heads the Rehabilitation Research and Device Development Lab (R2D2) at IIT-Madras, leads a team of researchers / engineers of the Department of Mechanical Engineering.


The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the CPI (Rural, Urban, Combined) on Base 2012=100 for the month of March 2016.

Quotable Quotes

“ If we were motivated by money, we would have sold the company a long time ago and ended up on a beach. ”
– – Larry Page,an American computer scientist and Internet entrepreneur who co-founded Google Inc. with Sergey Brin, and is the CEO of Google's parent company, Alphabet Inc.
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:
Starting a New Venture
Coming August, K J Somaiya Institute of Management Studies and Research located in Vidyavihar, Mumbai is launching a certificate programme on Creating New Ventures.
New Members

3 New Members Join FISME

During the period from 15th April 2016to 30th April 2016 a total of 3new MSME became members of FISME.
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
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Book Store

Directory of Testing Laboratories in India

Directory of Testing Laboratories in India 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.
PP: 894, Hard Cover.
Price: Rs 900.
50% discount for members.
Free Publications

Identification & Valuation of IPRs in MSMEs  

Identification & Valuation of IPRs in MSMEs
Identification & Valuation of IPRs in MSMEs - Selected Research Papers.
Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Simmi Nagpal
Types setting & websdesigning: Sanjay Sachan  
Video & Photography:  Pramod Poddar


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