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  The FISME Factor  


President's Message
Dr. Sangam Kurade, President, FISME " With 12 Mn people coming out in the job market every year, India needs employment creation at war footing. The data shows the large companies are not hiring. The Government is already too bloated to absorb more. The only sustainable solution is creation of small enterprises at a mass scale. The mantra is self-employment. Prime Minister Modi recognized this early in NDA-II and he initiated ambitious programmes for improving ‘ease of doing business’, ‘stand-up India’, ‘start-up India’ etc. There is traction of different degree in them too. But what is frustrating is to see that different arms of government work on different purposes just to placate their narrow political interests. Delhi Government increased the minimum wages in Delhi overnight by 50%! The Ministry of Labour moved to increase the paid Maternity leave for women employees from 12 to 26 weeks. As there is marked difference between prevalent market rates and the official rates, the former decision will push more workers from formal to informal employment. And, the latter decision will discourage people from hiring women. This is sad. Indian needs more formal employment and more women in our workforce. But the policies will achieve just the opposite. "
Dr. Sangam Kurade, President, FISME
Vol IV, Issue 114: Sep 1, 2016
Training programme for MSMEs in Mumbai on Credit Information Bureaus by World Bank Group and FISME
Business Banter: Lessons from Entrepreneurs
Build your personal brand as well as your company brand.
Macro Metre
Nirmala Sitharaman meets industry leaders to discuss manufacturing and energy issues
‘Export sops may go, post GST implementation’ Knowledge and News Network (KNN)
Domestic Digest
Govt sets up incubation centre at Delhi varsity for electronic start-ups Knowledge and News Network (KNN)
FISME Defence Suppliers’ Group synergises with CODISSIA for participation in ‘Make in India’ of defence equipment
MSME Ministry approves scheme for setting up National SC/ ST Hub to boost procurement Knowledge and News Network (KNN)
State Scan
India's first textile city likely to come up in AP Knowledge and News Network (KNN)
Haryana Govt to set up tool rooms at IMT Rohtak, Saha
World Watch
India-US discusses measures to increase bilateral trade
With Israel trade talks, startups to make a debut in India’s free trade agreements
Knowledge Store
Five questions to ask before doing business in a new global market
...And A Lot More

Training programme for MSMEs in Mumbai 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 previous programmes in Faridabad, Bangalore and Chennai, similar event was organized in Mumbai on 24th August 2016. The programme in Mumbai was organised in association with Bombay Industries Association.
Business Banter: Lessons from Entrepreneurs

Build your personal brand as well as your company brand.

Many entrepreneurs make the mistake of focusing on building their company brand to the exclusion of building their personal brand. However, your personal brand will differentiate you from your competitors, give you authority and credibility in your field, and stick with you in the event your company ultimately experiences failure.
Writing on the Wall

Incentivise intellectual property: How to strike right balance

In a move designed to incentivise intellectual property and its commercial exploitation, the government (DIPP) recently enunciated the National Intellectual Property Rights Policy (IPR Policy).

Media Monitor

Macro Metre

Nirmala Sitharaman meets industry leaders to discuss manufacturing and energy issues

Ahead of the India-US CEO Forum meeting, Commerce Minister Nirmala Sitharaman discussed energy and manufacturing among other issues with top industry leaders including Tata Sons Chairman Cyrus Mistry, Bharti Airtel Chairman Sunil Bharti Mittal; and Mahindra Group Chairman Anand Mahindra. "Lot of areas have been specifically looked into for greater cooperation between India and the US commercial matters whether you talk about energy and manufacturing of certain items," the minister said after meeting the industry captains.

‘Export sops may go, post GST implementation’

Some exemptions and incentives given for promoting exports may be done away with once the Goods and Services Tax (GST) comes into effect, Union Commerce Secretary, Rita A Teaotia, said here on Saturday. The Commerce Secretary was speaking to the exporters community at a joint session organised by EEPC, FIEO, GJEPC, Bengal Chamber of Commerce and Industry and Assocham. According to her, exemptions and incentives and GST do not go hand-in- hand with one another. It was a basic contradiction.

Consumption to boost fiscal growth to 7.8% after a slow Q1

India's growth may have slowed marginally in the first quarter of the fiscal from the preceding three months but the full year is expected to be better than the last, thanks to consumption boost fuelled by a good monsoon and higher salaries and pensions owing to the 7th pay commission award. April-June growth was pegged at 7.4 per cent, according to the median of estimates in a 7-7.8 per cent range by economists and research agencies polled by ET, less than 7.9 per cent in the fourth quarter of the previous fiscal. Full-year growth is seen at 7.8 per cent, faster than 7.6 per cent in FY16.

Electronic Funds transfer have reached record high for 2015-16: RBI

AThe total amount of payments and settlements for the year 2015-16 done electronically has reached a record high according to data released by the Reserve Bank of India in its Annual Report on Monday. Proving the fact that India is taking baby steps towards a less cash economy payments made through National Electronic Funds Transfer (NEFT), Immediate Payments Service (IMPS) along with card and wallet based transactions have all shown a steady rise. According to data released by RBI, the number of transactions via IMPS showed an almost 3 time jump to Rs 22 crore from around Rs 7.8 crore a year ago. The total value of transactions jumped to Rs 1.6 lakh crore from Rs 58,200 crore.

Domestic Digest

Govt sets up incubation centre at Delhi varsity for electronic start-ups

Union Minister of Electronics and Information Technology Ravi Shankar Prasad on Saturday inaugurated the Electropreneur Park — an incubation centre to supportstart-ups in electronics — at University of Delhi’s South Campus to support the government’s aims to promote manufacturing in the sector. The park will incubate 50 early stage start-ups and create at least five global companies over a period of five years. “We have decided to make India a big hub of electronics manufacturing including mobile phones. In the last one year, we have manufactured 11 crore mobile phones in India,” Prasad said at the launch here.

DC-MSME comes up with new scheme to promote ICT in MSMEs

The Office of Development Commissioner (MSME), Ministry of MSME is operating a new scheme called “Promotion of Information & Communication Technology (ICT) in MSME Sector”. Under the scheme financial support in the form of subsidy of upto maximum Rs. 3 Lakhs would be given to MSMEs in three years on yearly basis. The prime objective of the scheme is to motivate MSMEs to adopt ICT Tools and applications in their production and business processes mainly through Cloud Computing Services with a view to improve their competitiveness in National & International Market.

FISME Defence Suppliers’ Group synergises with CODISSIA for participation in ‘Make in India’ of defence equipment

FISME Defence Suppliers’ Group (FDSG) initiated a programme in collaboration with Coimbatore District Small Scale Industries Association (CODISSIA) for creating awareness about the opportunities lying for MSMEs in the ‘Make in India’ programme of the defence ministry. FDSG is a dedicated forum of Federation of Indian Micro and Small & Medium Enterprises (FISME) for capacity building, hand holding and facilitating MSMEs for participation in the ‘Make in India’ programme of defence ministry.

MSME Ministry approves scheme for setting up National SC/ ST Hub to boost procurement

The Ministry of MSME has approved the scheme for setting up of National Schedule Caste and Schedule Tribe Hub to provide professional support to SC & ST entrepreneurs to fulfil the obligation under the Central Government/ procurement policy for micro and small entrepreneurs order 2012 adopt and applicable business practice and leverage to stand up India initiative. However, the Ministry said this issue with the approval of Hon'ble Minister (MSME).

Mandatory on GeM to make payment to vendors within 10 days of receipt of goods/services: Lavasa

Hoping that the Government e-Marketplace (GeM) will make process of procurement of goods and services by government buyers more transparent, accountable and efficient, Finance Secretary Ashok Lavasa highlighted it has been made mandatory on GeM to make payment to the vendors within 10 days of receipt of goods/services. He said efforts should be made to further reduce this time span as time is money and ultimately the cost of delayed payment is born by the Government.
State Scan

Andhra Pradesh    

India's first textile city likely to come up in AP

India’s first integrated textiles city is likely to come up in Andhra Pradesh. The central government has already initiated the process of identifying land, technology and expertise for the same. According to sources, Textiles Minister Smiriti Irani has spoken to Andhra Pradesh Chief Minister N Chandra Babu Naidu for providing land and other facilities. With Naidu’s Telugu Desam Party being an ally of the ruling National Democratic Alliance at the Centre, the proposal, mooted by the NITI Aayog, is likely to be accepted.


Haryana Govt to set up tool rooms at IMT Rohtak, Saha

Haryana Government is planning to set up tool rooms at IMT Rohtak and Saha within next two years. Also, Quality Making Centres will be converted into Quality Certification and Skill Development Centres with the assistance of Union Ministry of MSME. The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) said this in a recently released handbook giving glimpse of interventions taken by the state government in order to woo investors.


Odisha Government to develop salt cluster in Ganjam district

The Odisha Government is set to develop a salt cluster in Ganjam district of coastal Odisha. According to a media report, the State Additional Secretary of MSME Department, BB Behera, said the government will first identify the problems of salt industries before taking any final steps to develop infrastructure for cluster development. Behera said the proposal to set up slat cluster was recently discussed at a meeting chaired by Micro Small and Medium Enterprises (MSME) department secretary, GK Dhal, who directed the director of industries to take immediate steps to develop a salt cluster.


Ludhiana MSMEs soon to get exhibition centre in city

During an interaction with traders of micro, small and medium enterprises (MSME) in Ludhiana, Deputy Chief Minister of Punjab Sukhbir Singh Badal has announced to establish an exhibition centre on November 1, a long-pending demand of industrialists in Ludhiana. During the interaction, Upkar Ahuja, Chairman, Small Industry Development Board, lauded the efforts of recently proposed Focal Point at Dhanansu as it is more than two decades since, a Focal Point was built in Ludhiana.
World Watch

United State of America    

India-US discusses measures to increase bilateral trade

Union Finance Minister Arun Jaitley said many Indian States are growing at the rate of 10-11 per cent and the trade dialogue between the states and the US investors and companies can help in giving boost to the bilateral trade between India and US. He said that the Central Government has created a National Infrastructure Invest Fund (NIIF) in which various U.S. based insurance and pension funds, endowment funds can invest especially in infrastructure sector which has great potential in India.
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With Israel trade talks, startups to make a debut in India’s free trade agreements

Startups may be set to debut in India's free trade agreements. In trade pact talks with Israel, India has expressed interest in the transfer of knowhow from that country's defence and security startups. "Israel is very keen to have a trading arrangement with us," said a commerce department official with knowledge of the matter. "Startups are Israel's strength. They've advanced technology in defence. If some kind of transfer happens, it can be a seeding input for our startups."
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United Kingdom    

UK to strengthen trade, business relations with India

The United Kingdom will continue to strengthen trade, business and tourism relations with India even during post Brexit period, British Deputy High Commissioner in Chennai Bharat Joshi said here today. "We are the largest investor in India and we want to continue to strengthen the trade and industrial relationship with the country," Joshi told reporters here while detailing the various scholarship programmes offered by Britain. "India is the second largest investor in London and India is on the top of the list for the partnership with UK. Our relation with India is already firm and we will continue to strengthen it," he said.
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FISME’s official Twitter handle
Knowledge and News Network (KNN)
KNN India’s official Twitter handle
Anil Bhardwaj, Secretary General

Tender on Supply of Advanced Electricity Metering System

It may be of interest to you to know that Uzbekistan’s Joint Stock Company “Uzbekenergo” has released a tender for “supply, installation and implementation of AEM System “. The Notice states that the financing for the project “ Advanced Electricity Metering Project” has been received from the Islamic Development Bank and that a part of it will be utilized for procurement of meters.
Other Events

Eastern Print Pack

Date: 01st-04th Sept 2016
Venue: Milan Mela Complex, Kolkata
See Details

UNIVASSIST Fall India Fairs

Date: 03rd Sept 2016
Venue: Bangalore
See Details

The Interior Show Surat

Date: 01st – 04th Sept 2016
Venue: The Southern Gujarat Chamber Of Commerce & Industry, Surat
See Details

Business Opportunities Show Jamnagar

Date: 04th Sept 2016
Venue: Hotel Fortune Palace, Jamnagar
See Details

Business Line CAI

Date: 02nd – 04th Sept 2016
Venue: Chennai Trade Centre, Chennai
See Details

Dairy Livestock and Poultry Expo

Date: 02nd – 04th Sept 2016
Venue: Mahatma Mandir, Ahmedabad
See Details
Your Views

Did govt’s radical FDI policy impede growth of Indian e-commerce firms?

According to the FISME Factor, 100 percent of Micro, Small and Medium Enterprises (MSMEs) think that India’s startup sector is finally seeing some reinforcement.
Knowledge Store

HR Heuristics

In hiring war, internal talent pool is often under-leveraged & neglected

As the war for talent scales unprecedented heights, organisations are looking for newer and better ways of attracting, developing and retaining talent. Dichotomous as it may sound, the internal pool of talent still continues to be grossly under-leveraged. Often, in large complex organisations, while the recruiters are struggling to find the right candidate externally, the most qualified internal employee might be looking for a similar job.

Finance Fundamentals

Lendingkart: Banking on small-town enterprises

If you run a small business in a remote village what are your options for raising working capital? The nearest bank or non-banking financial company (NBFC), perhaps. Now, with a smartphone and a credible transaction history, a loan of up to Rs 10 lakh could come to you wherever in the country you are. That is the service offered by Lendingkart, an online lending start-up to small and medium enterprises (SMEs).

Marketing Mantras

Five questions to ask before doing business in a new global market

Entering a new global market often requires radically re-thinking your communication strategy based upon cultural differences, local perceptions of your product category, and stereotypes about your company's country of origin.

Policy Polemic

UP MSMEs blame Akhilesh Govt for manufacturing activity slowdown, policy paralysis in state

The MSME entrepreneurs from across Uttar Pradesh, which is set to go on Assembly polls next year, feel that there is hardly any manufacturing activity taking place in the state mainly due to failure of the state government in implementation of the policies effectively. More than 150 entrepreneurs from all over Uttar Pradesh participated in a recently concluded two day Annual General Meeting of Indian Industries Association (IIA) at Mussoorie.

SME Special

Lendingkart ties up with Unicommerce for easy credit to SMEs

Lendingkart Group has tied up with with Delhi-based multichannel order fulfillment platform Unicommerce. The partnership will enable Unicommerce's consumer base to get access to collateral-free working capital loans through Lendingkart Group's NBFC within 72 hours of application at a discounted rate.

Success Story

Successful entrepreneurs must have a God-complex: Naveen Jain, Moon Express co-founder s

Naveen Jain's company Moon Express recently became the first private outfit to receive US regulatory approval to land on the lunar surface.


The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Consumer Price Index numbers on base 2012=100 for rural, urban and combined for the month of June 2016

Quotable Quotes

“ The secret of joy in work is contained in one word: excellence. To know how to do something well is to enjoy it. s ”
– - Pearl Buck, was an American writer and novelist
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

5 New Members Join FISME

During the period from 15th August 2016 to 31st August 2016 a total of 5 new MSMEs became member 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.
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Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Simmi Nagpal
Types setting & websdesigning: Sanjay Sachan  
Video & Photography:  Pramod Poddar


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