Trivandrum: Micro, Small and Medium Enterprises should access capital markets, explore opportunities and prosper for their growth. This was the key takeaway at the Kerala MSME Business Meet organised by the Confederation of Indian Industry (CII) on the theme ‘Prospering in Challenging Times’, the other day in Thiruvananthapuram.
The inaugural session saw Nandakumar K, Chairman, CII Thiruvananthapuram Zone and President & CEO, SunTec Business Solutions; P Ganesh, Past Chairman, CII Kerala and CEO, Glass & Glazing Systems; P S Rawat, Executive Director, Canara Bank, and G Vijayaraghavan, Member, Kerala State Planning Board, share their insights into the tremendous opportunities available for the MSMEs to grow to the next level, scale up from small to medium and medium to big to create employment opportunities and boost the economy. Jorn Rohde, the Consul General of the Federal Republic of Germany in Bangalore, was the Guest of Honour.
In his session on Best practices to improve SME’s Competitiveness, J M Nayyar, GM – Integrated Materials Management, Hindustan Aeronautics Ltd. asked the participant companies to be visible as MSMEs as most PSUs gave preferential treatments to MSMEs during their procurement process. He also asked MSMEs to identify niche segments especially in the defence sector and be vendors for manufacturing precision equipments.
Sachin Kotangale, Director – Marketplace, Flipkart said that e-Commerce offered tremendous opportunities for MSME as their products could be sold on e-Com sites directly without middlemen. He asked MSMEs to get on board e-Com to showcase their products. He gave examples of how Flipkart supported MSMSs with product strategy, analytic support, advertising, packaging and shipping. Even though Flipkart offers direct seller platforms for MSME, there were less than 50 sellers from Kerala, as of now.
Giving details about the SME exchange ‘EMERGE’, V Badri, Head – Southern Region National Stock Exchange of India explained how the NSE SME exchange offers investment opportunities in emerging companies and funding options for MSMEs.
R Madhusudhan, General Manager (MSME), Canara Bank; spoke about the finance options for MSME’s. He asked MSMEs to make good business plans and get finance by accessing the markets.
Rajesh Nair, Associate Director – Markets, Ernst & Young gave an overview about the emerging areas in Kerala for MSME like R & D, as Kerala has the largest number of institutions and central research organisations. Agriculture, Low asset manufacturing, Cluster manufacturing and Healthcare are some of the other areas.
The session was chaired by Ajay George Varghese, Chairman, CII Kottayam Zone and Managing Director, Bipha Drug Laboratories.
Kerala Biz News