If you are unable to view this mailer, click here.


The FISME Factor


President's Message
Dr. Sangam Kurade, President, FISME " The Modi Government has completed one year. An year ago no body knew who was in control; today everybody knows where the buck stops! Hon. Prime Minister has firm grip on the government and created positive vibes among large industrial sector, within India as well as investors abroad. The policy initiatives taken in Mining, Telecom, Petroleum, Defence, infrastructure and in social sphere are signaling that India is on move. 'Elephant' has been replaced by the 'Lion' and 'Make in India' seems to be the new mantra everywhere. However, the MSMEs are yet to see the impact of the dynamism visible in other sectors. Except the announcement of Mudra Bank (for very small borrowers), MSME sector has remained by and large at periphery in the Government’s scheme of things. We do hope the trend will change and MSMEs will occupy the center stage that they deserve as the largest non-farm employment creators. It’s time that ‘MSME First’ is adopted as the new mantra to bring focus on ‘ease of doing business’ and to create an environment where million enterprises bloom every year. Looking forward..... "
Dr. Sangam Kurade, President, FISME
Vol IV, Issue 83: June 1, 2015
Workshop on how SMEs can leverage innovation, finance & technology
UNIDO delegation visits FISME
Wuzhou (China) Mayor leads delegation to FISME
Business Banter: Lessons from Entrepreneurs
Define your success metrics and assign accountability
Macro Metre
Women entrepreneurship session on venture for social enterprise Knowledge and News Network (KNN)
Govt announces Rs 325 cr projects for Northeast
Domestic Digest
MSME training programme on testing for metal, building materials Knowledge and News Network (KNN)
Hassle free financial assistance up to Rs 50 lakhs for K'taka MSMEs
Small and medium enterprises' count gains, see 7.5% rise in turnover in 2 years
State Scan
Haryana launches online services for registration, necessary permissions for MSMEs
First handloom development cluster in J&K Knowledge and News Network (KNN)
W Bengal govt to invest Rs 26,000 crore in MSMEs to create employment Knowledge and News Network (KNN)
World Watch
India pavilion at Bangladesh Power and Energy Trade Show
Knowledge Store
Six common branding mistakes
...And A Lot More

Seminar on Opportunities for MSMEs in Defence Sector
Inaugration by Shri Manohar Parrikar
Date: 11th June 2015 For Participation contact Mr. Mukesh Kalra (mukesh.kalra@fisme.org.in)

Workshop on how SMEs can leverage innovation, finance & technology

Financial daily Mint, a part of HT media, and Federation of Indian Micro and Small & Medium Enterprises (FISME) jointly organised an interaction session on how small and medium enterprises (SMEs) can leverage innovation, finance and technology. The SME workshop on ‘Gaining the Edge – Insights for SMEs’ was held on Friday here at India Habitat Centre. Experts from different arenas including Zonal Head – Retail Banking, Delhi NCR, ICICI Bank, Bijith Bhaskar; Partner Manager, Google India, Vidyasagar Baliyara and CEO and Founder, The Personnel Lab, Rajiv Khurana address the session on the topics - Getting the Financial Support; Technologies to Make Businesses Simpler and Innovation.

UNIDO delegation visits FISME

Following on the declaration of BRICS Summit (2012) to consolidate trade and economic ties between member countries namely Brazil, Russia, India, China and South Africa, UNIDO facilitated an official delegation from the UNIDO Center for Industrial Cooperation (UCIIC), Moscow to India. President FISME Dr. Sanga Kurade welcomed the delegation.The UCIIC with support of UNIDO is building BRICS Technology and innovation platform. The delegation comprising of Mr. Sergey Korotkov, Director UCIIC (Russia), Mr. Andres Isaksson, Sr. Industrial Development Officer, I&TS Branch, UNIDO HQrs (Vienna) and Ms. Olesya Maltseva, National Expert at UCIIC (Russia) visited FISME on 21st May 2015. FISME shared the findings of the study it conducted for BRICS summit. The delegation members invited FISME to participate in BRICS meeting on the SMEs to be organized in July in Moscow. FISME president accepted the invitation and he would be visiting Moscow in July.

Wuzhou (China) Mayor leads delegation to FISME

A high profile delegation led by Mr. Zhu Xueqing- the Mayor of Wuzhou city visited FISME and presented the business and investment opportunities his city offered. Wuzhou is a large city in the east of Guangxi Zhuang Autonomous Region, People's Republic of China. Though, traditionally the city is considered as a global hub of artificial jewelry, it is increasingly promoting hitech industries. Less than 2 hours away from Guagzhou, the city government offers very attractive investment terms.
Business Banter: Lessons from Entrepreneurs

Define your success metrics and assign accountability

Entrepreneurs need to be able to clearly define what makes their business successful upfront and hold themselves and their people accountable. The ability to assign accountability -- to predict, measure and assess the results of each metric with reliability and regularity -- is key. Keep in mind that success metrics are only as good as management’s ability to identify the right ones. One of the biggest mistakes a startup can make is failing to link the metrics they are measuring to what it really takes to be successful.
Writing on the Wall

Ajit Balakrishnan: India's economic theory fashion cycles

A good place to start understanding that economic theories are subject to fashion cycles as fickle as choli sleeve lengths is in India's attitude to its public sector enterprises. For the first decade after independence, public sector enterprises were seen as the only way a poor, Third-World country with a low savings rate and under-developed capital markets could modernise. These new publicly owned enterprises in electricity, petrochemicals, telecommunications, machine tools and so on would take us into the modern industrial world.


Media Monitor

Macro Metre

Improved coordination between Centre & State could avoid delays, cost overruns in projects: PM

While chairing the third interaction through Pragati, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, Prime Minister Narendra Modi reviewed the progress of key infrastructure projects and stressed how improved coordination between the Centre and States could help avoid delays and cost overruns in projects. The Prime Minister, on Wednesday, reviewed the progress of key infrastructure and related projects in various states, including Uttar Pradesh, Bihar, Madhya Pradesh, Maharashtra, Gujarat, Haryana, Chhattisgarh, Assam, Arunachal Pradesh, Manipur and Uttarakhand. Projects were reviewed in the sectors of road and rail connectivity, bridges, power transmission lines, coal, atomic energy, and industrial infrastructure.

Women entrepreneurship session on venture for social enterprise

With an objective to empower the members with the right information towards contributing meaningfully to economic and social development, FICCI Ladies Organisation (FLO) is arranging an entrepreneurship session on venture for social enterprise. The session on “Venture for Social Enterprise - Designing, Implementing and Scaling Social Enterprise/CSR Solutions for the Benefit of Marginalised Populations” will be held at FICCI premises on May 28. The programme aims to explore and develop the idea for a social enterprise, identifying the right target group and formulate successful approaches to build stakeholder relationships and highlight on the basic elements of a potential business plan.

Govt announces Rs 325 cr projects for Northeast

Government announced Rs 325 crore worth projects for Northeast, out of which Rs 200 crore will be meant for projects in the State of Assam and Rs 125 crore for "Organic Farming Mission" for the entire North-Eastern region. While addressing a public rally organised in Guwahati on Wednesday on the occasion of completion of one year of Narendra Modi government, Union Minister Jitendra Singh made the announcement. Earlier, addressing a press conference soon after his meeting with Assam Chief Minister, Tarun Gogoi, Singh said, some of the projects got stuck up for certain reasons, but moving the Ministry on a fast track, these projects have been once again revived and the work will begin very soon.

New National Textiles Policy likely to be announced in mid-July

The new National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25 and create additional 35 million jobs, is likely to be announced in mid-July, post Cabinet’s approval, according to Textiles Secretary S K Panda. Panda, recently told a news agency, that the new National Textiles Policy will be announced in mid-July. Panda also said the Ministry has sought Rs 13,000 crore for the Technology Up-gradation Fund (TUF) scheme for the 12th Five Year Plan (2012-17).

Domestic Digest

MSME training programme on testing for metal, building materials

With an aim to test raw materials, engineering products and building material conforming MSMEs to Indian and international standards, the MSME-Technology Development Centre, Agra is conducting a certificate course on chemical, metallurgical and non-destructive testing of ferrous and non-ferrous metals and engineering components. The course content will cover the topics like chemical analysis of metal, TMT/TOR, test bar, wire tube, hardness, magnetic cracks detectors, machining charges for sample and service tax.

Hassle free financial assistance up to Rs 50 lakhs for K'taka MSMEs

Micro and small scale enterprises in Karnataka can now avail financial assistance up to Rs 50 lac without any hassle. Unveiling this small industry friendly facility, Karnataka Small Scale Industries Association (KASSIA) and KASSIA Credit Cooperative Society Ltd signed a MOU with SIDBI to help the small industrial units to meet their capital expenditure. The MOU was signed by CGM, SIDBI, Ram Nath; President, KASSIA, Chidananda M. Rajamane and President, KCCSL, Vishwanathaiah, in the presence of C&MD, SIDBI, Kshatrapathi Shivaji on Friday.

Bhubaneswar, Indore, Ahmedabad, Kochi are India's new startup destinations

At least 90% of India's startups are in six cities: Bengaluru, NCR, Mumbai, Hyderabad, Pune and Chennai, according to Nasscomm (see map). The statistics are skewed as they deal with only information technology companies, but the overall trend has been unmistakable in the past decade: startups form in a few big cities in the country. There also clear signs that this is going to change.The immediate followers to the big cities are Kochi and Ahmedabad, but those like Mohali and Jaipur are beginning to do well too. ET spotted two cities with immense potential: Bhubaneswar and Indore. Both have a high concentration of high tech institutions, an immense amount of problems to be solved in the region, and unlimited entrepreneurial enthusiasm.

Small and medium enterprises' count gains, see 7.5% rise in turnover in 2 years

Small and medium enterprises (SMEs) remain optimistic about the domestic economy and expect their turnover to expand at 7.5 per cent over the next 1-2 years, a report said. According to a study by American Express and Jet AirwaysBSE 0.20 % carried out in association with CrisilBSE -0.65 %, a majority of the respondents see economic growth rebounding, albeit at a moderate pace. "Around 69 per cent of the respondents expect their turnover to expand at 7.5 per cent over the next 1-2 years, with large and established SMEs anticipating a double-digit growth in the same period," the study noted.

Why GST rollout will be a boon for B2B Ecommerce in India

GST, or Goods and Services Tax, is finally set to arrive in India. It has been passed by the Lok Sabha and is pending approval in the Rajya Sabha. The new indirect tax structure will most likely be rolled out from April 2016. It is being hailed as one of the most vital reforms of recent times, which will not only simplify India's indirect taxation system, but also be the much-awaited magic wand that will have extremely positive ripple effects on India's growth story. It is seen as having the potential to transform the country into a global trading hub, as it would make import-export a lot more transparent and competitive.

Decline in contribution of MSMEs to GDP; Govt says is aware of the problems being faced by the sector

Acknowledging that government is aware of the problems being faced by the MSME sector, Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh informed the Upper House that the estimated contribution of manufacturing MSME sector to country’s GDP has come down from 7.52 per cent in 2008-09 to 7.04 per cent in 2012-13. On the basis of the data on GDP published by Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MoSPI) and final results of the latest Census (Fourth Census), conducted (with base reference year 2006-07), wherein the data was collected till 2009 and results published in 2011-12, the estimated contribution of manufacturing MSME sector to GDP during 2008-09, 2009-10, 2010-11, 2011-12 & 2012-13 are 7.52 per cent, 7.45 per cent, 7.39 per cent, 7.27 per cent & 7.04 per cent respectively, as per the revised methodology suggested by CSO, MoSPI.
State Scan


Mega Food Park inaugurated in Assam will generate turnover of Rs 450-500 cr annually

A Mega Food-Park has been inaugurated today in Nalbari in Assam, and the project has facilities of fully operational industrial sheds for SMEs, developed industrial plots for lease to food processing units, Dry Warehouse, Cold Storages, Common Effluent Treatment plant, Quality Control Labs and more. Apart from providing direct and indirect employment to 6000 people, the Mega Food Park will leverage an additional investment of about Rs 250 crore in 30-35 food processing units and generate a turnover of about Rs 450-500 Crore annually.


Haryana launches online services for registration, necessary permissions for MSMEs

Haryana's Finance and Industries Minister Abhimanyu has launched online registration and regulation of societies, registration of boilers and renewal and filing of annual return by MSMEs. While launching the online services on Wednesday here, he said that the workflow of all the services would be visible online. The services offered online are registration, renewal and clearance for setting up of boilers, new industries under the Micro Small and Medium Enterprises (MSME) and registration of records of cooperatives societies across the state.

Jammu & Kashmir    

First handloom development cluster in J&K

Jammu and Kashmir has established its first handloom development cluster under the comprehensive Handloom Development Scheme of National Handloom Development Programme, Ministry of Textiles. The State Minister for Industries and Commerce, Chander Parkash on Tuesday inaugurated the project in presence of Minister of State for Finance and Information Technology, Pawan Kumar Gupta and MLA Chenani Dina Nath Bhagat at Panchayat Ghar, Chenani.


Food subsidy reforms to roll out from Puducherry

In the next few weeks, about 330,000 ration cardholders in Puducherry could receive Rs 300-400 a month each in their bank accounts in lieu of their monthly quota of rice but only after the lists are validated and their bank accounts seeded with Aadhaar. Beneficiaries will be free to spend the money on anything, not necessarily grain, as the Centre embarks on one of its most ambitious programmes in the Union Territory, to distribute cash in place of grain to streamline the public distribution system and plug leaks.

Tamil Nadu    

Tamil Nadu MSMEs protest de-reservation, urge Centre to take back order

Manufacturers and members of various micro, small and medium enterprises from the southern districts of Tamil Nadu protested against the central government’s decision on de-reservation of 20 items from the sectors and urged the Centre to take back the order. According to a media report, President of Madurai District Tiny and Small Scale Industries Association (MADITSSIA), VS Manimaran said the de-reservation of these products will cost losses to many crores for the small scale sector the southern districts in particular, where many of them are engaged in manufacturing operations.

Uttar Pradesh    

Akhilesh Yadav to ink pact with France to boost UP's perfume industry

Akhilesh Yadav led UP Government wants to promote India’s traditional perfume, ‘Itr’, business in the state for which he is very close to signing a twin city agreement with Grasse, world’s perfume capital. According to an official statement by the UP Government, Yadav, who made his political debut in Kannauj in 2000, said, “UP Government wants to promote the ‘Itr’ business as one of the primary businesses in the state. “France can play a major role in this regard,” he said adding that the bilateral relation between India and France would be strengthened further through this business.

West Bengal    

W Bengal govt to invest Rs 26,000 crore in MSMEs to create employment

West Bengal Chief Minister Mamata Banerjee on Friday announced that her government had initiated a plan to invest over Rs 26,000 crore for the development of MSME and textile sector to create employment opportunities for six lakh people in the state. The project will be taken up in joint ventures or through PPP model. Replying to a question in the state Assembly, Banerjee said the state government had earlier generated employment of 4.56 lakh people in the MSME sector in the last four years. With this initiative there will be a massive improvement in the MSME sector and definitely the units like handloom, hosiery, zari and many other units, she said.
World Watch


India pavilion at Bangladesh Power and Energy Trade Show

With the view to give opportunity to the entrepreneurs to access the global market, Confederation of Indian Industry (CII) with the support of the Ministry of Commerce and Industry and High Commission of India, Bangladesh is organising the ‘India Pavilion’ at Bangladesh power and energy exhibition. The fifteen edition of Power Bangladesh will be held from December 3 to 5, 2015 at Bashundhara Convention City Kuril, Dhaka, Bangladesh. The exhibition will focus on various topics on power sector such as transmission and distribution of electrical energy, renewable energy, conversion and storage of electrical energy, alternative sources of electrical energy, industrial power engineering, fans, blowers & accessories, power generation equipment, fire prevention, equipment & systems, power transmission, switches, technologies of energy efficiency and energy saving and many more.


Personal luxury goods to be cheaper in China now

In order to encourage citizens for domestic consumption from the local markets, China has drastically cut down tariffs levied on the import of personal luxury items. Starting from June 1, import tariffs on suits and sneakers will be brought down from 14-23 per cent to 7-10 per cent and 22-24 per cent to 12 per cent respectively, according to a report. According to the adjusted policy, import tariffs on cosmetics and diapers will be cut from 5 per cent to 2 per cent, and 7.5 per cent to 2 per cent respectively, state-run Xinhua news agency reported.


Germany has strong interest in the Make in India mission now, says German Defence Minister

India's participation in the Hannover Trade Fair as Partner Country and Prime Minister Narendra Modi's presence at the inauguration had made a visible impact in Germany, said German Defence Minister Ursula von der Leyen adding that there was a strong interest now in the Make in India mission. German Defence Minister had called upon PM Modi on Wednesday, where she mentioned that German Chancellor Angela Merkel was looking forward to her visit in October 2015 for the Inter-Governmental Commission meeting as an opportunity to deepen cooperation across all areas of bilateral relations.

Saudi Arabia    

India-Saudi Arabia Joint Commission meet focuses on enhancing bilateral cooperation

In the two day meeting of the 11th India-Saudi Arabia Joint Commission, both sides discussed a wide range of issues, including trade and commerce, and acknowledged the need to explore investment opportunities in both countries. India –Saudi Arabia Joint Commission focuses on enhancing the bilateral cooperation, knowledge exchange and economic ties between the two countries. The two-day meeting of 11th India –Saudi Arabia Joint Commission concluded here on Friday followed by the signing of the conclusions.
Upcoming Events

Seminar on Opportunities for MSMEs in Defence Sector

Inaugration by Shri Manohar Parrikar
Date: 11th June 2015
For Participation contact Mr. Mukesh Kalra (mukesh.kalra@fisme.org.in)
Participation contact
Other Events


Date: 05th – 09th June 2015
Venue: CODISSIA Trade Fair Complex, Coimbatore, India
See Details

Hi-Tech Office Expo

Date: 05th – 07th June 2015
Venue: NSIC Exhibition Complex, New Delhi, India
See Details

India Machine Tools & Automation Expo

Date: 06th – 08th June 2015
Venue: NSIC Trade Centre – ECIL, Hyderabad, India
See Details

India International Cable & Wire Expo Baddi

Date: 08th – 10th June 2015
Venue: Nimantran Resorts, Baddi, India
See Details

India Logistics Show

Date: 10th – 13th June 2015
Venue: Pragati Maidan, New Delhi, India
See Details
Your Views

Do you support opening up of FDI in e-commerce?

According to the FISME Factor, 100 percent of Micro, Small and Medium Enterprises (MSMEs) support opening up of FDI in e-commerce.
Knowledge Store

HR Heuristics

Perks of being a startup employee

Among other things, India Inc’s biggies can learn the art of pampering employees from startups. The red carpet treatment ranges from picking up your laundry to buying your groceries as Talview.com, a video interview platform, offers to its employees. Sanjoe Jose, Co-Founder and CEO of the company, says this is basically to ensure that employees feel at home in the workplace.

Finance Fundamentals

The role of employee benefit insurance schemes in SMEs

Small companies should start looking at group insurance schemes for their employees owing to the extra benefits that accumulate over and above the features available against an individually bought insurance scheme.

Marketing Mantras

Six common branding mistakes

Branding as a subject is often confused with marketing and advertising, thus leading to some avoidable mistakes. A look at six such branding mistakes that companies often commit. The biggest mistake Indian companies make when it comes to branding is their very fragmented approach to the subject. When a company says they need branding, for most it may mean anything from a website to a logo, giving a name or simply creating a brochure or a print campaign. However, branding is a fairly structured and linear process that needs to be carried out in a scientific manner. Elements like a logo, name or advertising are important but very small blocks in the brand puzzle.

Policy Polemic

Punjab farm machinery units hit by unseasonal rain

Unseasonal rainfall in March and April, accompanied by hailstorms, has not only hit farmers but also hurt the prospects of over 2,000 units in Punjab engaged in the manufacture of farm machinery and components, whose sales had already gone into a decline over the past year. Manufacturers want the state and central governments to encourage the farm mechanisation industry by reducing VAT on purchase of steel and increased allocation of subsidy for the purchase of farm equipment under the Rashtriya Kisan Vikas Yojna (RKYS). They also want a R&D centre in Punjab for upgradation of agricultural machinery.

SME Special

SMEs adopting technology for better financial management

Nearly all of India’s small businesses believe they could have been more successful with better financial management. Those are among the findings revealed in a new whitepaper released by Intuit Inc. In the study, titled “Financial Management - An Essential Tool for a Healthy Business,” 94 percent of the entrepreneurs surveyed said they could improve their financial skills. Given that India has the second largest number of small businesses in the world - a total of 48 million - the whitepaper sheds light on the important role that financial management plays in the life cycle of a small business. The start of the new financial year is an appropriate time for small businesses in the country to take stock of their business’s financial health.

Success Story

Two of Indian-origin among richest self-made US women: Forbes

Two Indian-origin women have made it to Forbes' inaugural list of America's 50 richest self-made women, sharing the honour with high-achievers such as Facebook COO Sheryl Sandberg, media mogul Oprah Winfrey and singer Beyonce. India-born Neerja Sethi, with a net worth of USD 1.1 billion, has been ranked 14th on the list of the most successful self-made women in the US while London-born Jayshree Ullal comes in at the 30th spot with a USD 470 million net worth.


The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2014-15 and quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2014-15.

Quotable Quotes

“Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it's about trading: buying and selling.”
— Anita Roddick, Founder, The Body Shop
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

11 New Members Join FISME

During the period from 15th May 2015 to 31st May 2015 a total of 11 new 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
   Bach to Top
Editorial Team:
Hon. Editor: Anil Bhardwaj
Asstt. Editor: Simmi Nagpal
Types setting & websdesigning: Sanjay Sachan  
Video & Photography:  Pramod Poddar


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.

To subscribe/unsubscribe to this Newsletter
click subscribe or unsubscribe

This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
Federation of Indian Micro and Small & Medium Enterprises (FISME)
Headquarter: B – 4 / 161, Safdarjung Enclave, New Delhi – 110029
Telephone: +91 11 26187948, +91 11 26712064, +91 11 46023157   Fax: +91 – 11 – 26109470
Email: info@fisme.org.in ,   Website: www.fisme.org.in
57/5, Family YMCA Building,
Millers Road, Benson Town,
Bangalore - 560046
Tel: +91-80-23543589
Email: bangalore@fisme.org.in
H. No. 6-3-569 / 1/2/4
2nd floor, Rockdale Compound, Somajiguda
Hyderabad – 500082
Tel: +91- 40- 23322117 Fax: +91 -40- 23312116
Email: hyderabad@fisme.org.in
No. 17/22, 1st floor,
4th Main Road, New Colony, Chromepet
Chennai – 600044
Tel: +91-44-43848805
Email: chennai@fisme.org.in
Tel: +91- 11- 4364 2013
Email: chamber.jw@fisme.org.in
Tel: +91 -11- 46035866
Email: chamber.mpur@fisme.org.in
Tel: +91 -11- 4106 8644
Email: kalkaji@fisme.org.in