|
|
Marketing Mantras
SMEs yet to embrace the social media
Despite the fact that the social media is taken as an
effective tool for engaging customers, it is yet to be embraced by
small and medium enterprises (SMEs).
SME advice: 5 tips for better sales
Selling can be a neglected part of a company but with
proper planning and execution, your work can start to reap dividends.
Finance Fundamentals
Why people are sceptical when it comes to financial planning?
Financial planning is important before the start of
any exercise and people have started seeking professional advice to
build the road map. But they are reluctant when it comes to implement
the recommendations of the plan.
Right credentials help SMEs access bank finance with ease
For the Small and Medium Enterprises (SMEs) accessing
bank finance is not that tough if it has the right credentials.
Policy Polemic
Credit tap runs dry for small biz
The RBI’s move to keep lending to NBFCs out of
priority sector has, in turn, hit small entrepreneurs’ access to
finance.
|
Stockpile
Industries in 2013
The Economist Intelligence Unit surveyed 405
executives in November 2012 on their expectations for business
conditions in 2013.
India's Foreign Trade: latest figures
Ministry of Commerce has come up with latest figures
on exports, imports, crude oil & non-oil imports and trade balance.
|
Quotable Quotes
" Innovation has nothing to do with how many R&D
dollars you have. When Apple came up with the Mac, IBM was spending at
least 100 times more on R&D. It's not about money. It's about the
people you have, how you're led, and how much you get it. "
- -STEVE JOBS, Former CEO, Apple
|
|
|
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.
Handbook for Managing Export Payment Risks
If you are an exporter you simply cannot do without
this unique publication which tells you how to manage payment and other
risks arising from exports.
PP: 78.
Price: Rs 300.
50% discount for members.
Free Publications
FISME Policy Paper
FISME Policy Paper SME Exchanges in India: Review and Suggestions
Fertilizer quality control in India: Need for change
This monograph argues for a systemic change in
fertiliser quality control. Essential reading for those in policy-making
positions.
|
|
|
|
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:
|
|
|
 |
Activities
Business Banter: Lessons from Entrepreneurs
Macro Metre
Domestic Digest
World Watch
Knowledge Store
...And A Lot More
|
|
 |
 FISME
is coming up with a distinctive platform to bring together various MSME
Associations and Institutions for sharing knowledge and reaching out to
media through ‘Knowledge and News Network (KNN)’. The process of
briefing and feedback sessions in major cities for MSME associations,
initiated last month, reached to Ahmedabad, Indore and Kolkata.
The briefing sessions were organised in Ahmedabad on December 1, 2012
followed by Indore and Kolkata on December 4 and 5, 2012 respectively.
KNN will not only be an MSME focused news agency but will also run an
internet based portal to be information clearing house for MSMEs,
associations and institutions. KNN will disseminate information through
all formats: text, audio and video (through VoD/IPTV).
 KNN
is being established with assistance from GIZ (German International
Development Cooperation). MSME associations working with SIDBI in credit
delivery, associations being assisted under GIZ / SEQUA programme for
capacity building of MSME associations and FISME partner associations
form the core of over 100 associations that have joined the network.
Over 75 prestigious institutes of management and engineering besides
Universities have also joined.
|
 |
Policy of FDI in multi-brand retail is
endorsed by the Parliament too but don't we need a statutory autonomous
regulator to ensure fair deal to farmers, their MSME vendors and
consumers?
|
|
|
|
|
 |
‘The Best Advice I Got’
- Y M Deosthalee, CMD, L & T Finance Holding Ltd
Risk management is the identification, assessment, and
prioritization of risks followed by coordinated and economical
application of resources to minimize, monitor, and control the
probability and impact of unsuccessful events or to maximize the
realization of opportunities. It is a rigour of improving the
probability of survival and success, mostly in an uncertain and complex
condition.
|
|
 |
Macro Metre
Spurred by robust growth in manufacturing,
industrial output bounced back to 16-month high of 8.2 per cent in
October raising hopes of economic recovery in the coming months. "I am
very encouraged by the indications of the green shoots in economy in
terms of production. IIP figures are very encouraging," Finance Minister
P Chidambaram told reporters while commenting on surge in Index of
Industrial Production (IIP) to 8.2 per cent, as against contraction of
0.7 per cent in September.
|
 Rising
for the second consecutive month, retail inflation surged 9.90 per cent
in November driven mainly by rising prices of food items such as sugar,
vegetables, edible oil and clothing. The retail inflation was 9.75 per
cent in October and 9.73 per cent in September. The highest price rise
in November was seen in the oil and fats segment with an annual
inflation of 17.67 per cent, as per the Consumer Price Index (CPI) data
released recently.
The Comprehensive online Patent filing services of
the Office of the Controller General of Patents, Designs and Trade Marks
was recently inaugurated. Shri Saurabh Chandra IAS, Secretary,
Department of Industrial Policy and Promotion, Ministry of Commerce and
Industry, Government of India inaugurated it and the function was held
at Boudhik Sampada Bhawan, senior officers of the Department, officials
of the Patent office, officials of National Informatics Centre and
Patent Attorneys attended the event.
 The
labour ministry is working to curb administrative inefficiencies and
end manual intervention in the registration and withdrawal of retirement
funds managed by the Employees’ Provident Fund Organisation (EPFO). The
move is likely to encourage more establishments, especially micro,
small and medium enterprises (MSMEs), to join the social security net,
said two ministry officials, requesting anonymity. There are about
700,000 units registered with the EPFO and this number can double in the
next few years if SMEs join it in a big way, one of them said.
|
Market regulator SEBI has allowed 12 entities to set up
Alternative Investment Funds (AIFs), a newly created class of pooled-in
investment vehicles for real estate, private equity and hedge funds, in
the last two months. The 12 AIFs that have been registered with SEBI
since October 10 included India Realty Fund, Dar Mentorcap Film Fund,
Capaleph Indian Millennium Small & Medium Enterprises Fund and
Capaleph Indian Millennium Private Equity Fund.
 Faridabad
industrial units have been reeling under a power crisis for many years.
This has resulted in players either moving out or closing down their
production units in the city. Seeing the situation worsening, Faridabad
Small Industrial Association (FSIA), with the help of Bosch - a German
firm, ministry of new and renewable energy (MNRE) and Small Industrial
Development Bank of India (SIDBI), have taken an initiative to reduce
the power deficit through solar energy.
 BRICS
countries have agreed to institute a platform for creating
opportunities for exchange of technologies among themselves. The
decision on the platform that would also serve for exchange of
experiences and good practices for enterprise among member countries was
taken at a meeting earlier this week of the BRICS Contact Group on
Economy Trade and Investment. The Contact Group also decided to create
data bases of exports and imports, as well as a data base and platform
for exchange of information for small and medium enterprises (SMEs) of
BRICS countries.
The Micro, Small and Medium Enterprise (MSME) sector
reported a growth of 19.06 per cent in 2011-12, in terms of
Entrepreneurs’ Memoranda (EMs), filed at the all-India level. The number
of EMs filed in 2011-12 was 282,496, compared to 237,263 in 2010-11 and
213,894 in 2009-10. Growth in 2011-12 was almost twice the rate posted
in 2010-11 (10.93 per cent) and 2009-10 (10.78 per cent), according to a
written reply by K H Muniyappa, minister of state for MSME, to a
question in the Lok Sabha.
 West
Delhi's 3,000 printing units have good news to share. The government's
Public Procurement Policy might open new business avenues for them. It
will benefit particularly, the smaller units that fall under the
category of micro, small and medium industries Under the said policy,
public sector majors such as Delhi Book Trust (DBT), Central Board of
Secondary Education (CBSE), Indira Gandhi National Open University
(IGNOU) and National Council of Educational Research and Training
(NCERT) have committed to procure about 20 percent of their printed
material from the MSMEs.
The Bombay Stock Exchange (BSE) recently launched a
Small and Medium Enterprises (SMEs) index that aims at tracking the
current primary market conditions in the Indian capital market and
measure the growth in investors' wealth over a period. The index will be
constituted by SMEs listed on the BSE SME platform. So far, there are
11 companies listed on the SME platform and this index will have
features similar to the BSE IPO index.
 K.H.
Muniyappa, Minister of State for Micro, Small, and Medium Enterprises
in a written reply to a question recently asked in Rajya Sabha, said
MSME sector has achieved satisfactory growth over the last decade. On
the basis of the fourth census for MSMEs, we have seen steady growth in
number of MSMEs. The number has increased from 105.21 lakhs to 361.76
lakhs during the period of 2001-02 to 2006-07. Employment in the MSME
sector increased more than 200% in the last decade, as per third All
India Census of SSIs (Small Scale Industries) 2001-02, fourth All India
Census 2006-07 and Economic Census 2005, the employment figure jumped
from 249.33 lakhs to 805.24 lakhs.
|
|
 |
Andhra Pradesh
Expensive, regular power for industry consumers mooted
With industries crying for uninterrupted power, the
Commissionerate of Industries has now mooted the expensive power
purchase scheme (EPPS) for those industrial consumers keen on a
round-the-clock (RTC) power supply. The commissioner of industries has
initiated moves to ascertain the willingness of HT/LT (high tension/ low
tension) consumers from the MSME (micro small and medium enterprise)
sector that are fed through either dedicated feeders or express feeders
to opt for EPPC.
Haryana
In search of uninterrupted power supply, easy
availability of labourers and transport facilities, Sonipat-based small
scale enterprises have started migrating to Bawana and Narela. They say
it will step up their profitability by 12 percent to15 percent.
FDI jumps in Haryana after new industrial policy
 Exports
from Haryana have crossed Rs 48,530 crore during the year 2010-11 and
the State has so far received Foreign Direct Investment (FDI) of Rs
13,128.81 crore, of which an investment of Rs 9628.81 crore has come up
after implementation of the Industrial Policy, 2005. A spokesman of
Haryana Industries and Commerce Department said that having catalysed an
investment of about Rs61, 000 crore since 2005 and an investment of
about Rs 97,000 crore being in the pipeline, Haryana has more than 1,000
projects with foreign technical or financial collaboration.
Karnataka
Karnataka Chief Minister Jagadish Shettar
recently said 248 projects in large and medium industries segment, which
were committed in the Global Investors Meet (GIM) in June, have been
implemented. "We have implemented 248 projects in large and medium
industries sector committed during the last GIM Meet. These projects
invited investment worth of Rs 1, 74,000 crore and created 8, 13,125
jobs in the state," Shettar said after releasing the 'GIM 2012' progress
report in Karnataka.
|
Excellence awards for SMEs
Quality, innovation in corporate governance,
information technology, information technology communication, financial
management, exports and corporate social responsibility are a few areas
of excellence for which the awards will be given. To encourage women
entrepreneurs, a special award for women in the SME sector has been
instituted. “One can find many awards instituted to encourage and
promote multi-national companies. However, there are not many
opportunities for small and medium enterprises to showcase their
achievements.
Kerala
Giving a major fillip to small-scale industries,
the district Panchayat will start industrial estates in three taluks in
the district during 2012-14. According to the recently presented plan
document of the local body, 10 acres of land in the taluks of Kozhikode,
Vadakara and Koyilandy will be taken over for the purpose and
infrastructure facilities will also be provided for starting industrial
units to interested persons. For this, the Kozhikode district Panchayat
has set aside an initial fund of `51 lakh. “The decision to start more
industrial units in the district was taken after the successful
functioning of the Industrial estate at Cheruvannur-Nallalam.
|
Kerala IT Company to go public
Addressing reporters at the College of Engineering,
from where it all began, the young entrepreneurs said they bunked
classes, raised capital by selling mobile SIM cards and recharge coupons
to friends and dreamt big by floating MobME - which develops mobile
application software - from the campus. Six years back when their
classmates were filling up application forms for their examinations,
these students were filling up documents to officially register a
technology start-up with the registrar of companies and Technopark
Incubator in Kerala.
Tamil Nadu
Acute power crisis to force industries to shift to other areas
With almost 16 hours of power cuts crippling the
industrial sector in Tamil Nadu, industrial associations held an
emergency meeting in Coimbatore to discuss the likely solution of
shifting their units to other areas in the country. Over 140 industrial
associations convened a meeting in the city recently to discuss the
various problems faced by them. Balasundaram, a member of the Tamil Nadu
Power Consumers Joint Association, said units are being forced to run
without power and are facing a crisis situation in the state.
Sivaganga focuses on clusters, skill development
An industrial profile of Tamil Nadu’s Sivaganga
district says the development plan for the district includes initiatives
to support the growth of SMEs, such as more cluster-specific
allocations, support for skill development at the unit level,
capacity-building, business incubation in selective engineering colleges
and polytechnics, and creation of more techno-entrepreneurs. The plan
envisions linkages between SMEs and research and development (R&D)
institutions, government support for venture capital providers for
high-end R&D-based start-ups, and creation of a technology bank in
the district.
Orissa
Separate Corporation under MSME demanded
Entrepreneurs in the micro, small and medium
enterprise (MSME) sector recently called upon the State Government to
form a separate corporation under the MSME Department that will
specifically cater to their needs. A dedicated regulatory and
facilitation body for the MSME sector has become imperative as the IDCO
has deviated from its avowed objectives of working for MSME sector and
focused all its efforts on the large industries and profit-making, they
alleged.
Uttarakhand
 When
it comes to employment generation, the Micro, Small and Medium
Enterprises (MSME) sector is a clear winner in Uttarakhand, as compared
to large companies. Though Tata Motors, Ashok Leyland, Hero Motocorp,
Hindustan Unilever and other leading large companies have invested
heavily in the hill state over the past few years, the jobs have been
generated mainly by the MSME sector, a new report by the department of
industries has revealed.
West Bengal
Investors see West Bengal bonds as risky: RBI
Reserve Bank of India governor Duvvuri Subbarao said
West Bengal's financial condition is tight before he stepped in the
Writers' Buildings to meet chief minister Mamata Banerjee recently. The
meeting was arranged hurriedly by the state government as the CM's
refusal to meet the governor had sent wrong signals to investors.
"Public finance in West Bengal is tight," Subbarao said. "It is tighter
than many other states," he said while interacting with the media at
RBI's local head office.
|
|
 |
UK 
Measures announced in the Autumn statement to boost
SMEs and spur economic growth should provide much needed seasonal cheer,
say business organisations. Some of the measures Chancellor George
Osborne announced include extending the small business rates relief
scheme to April 2014. This will mean 350,000 businesses nationally will
pay no business rates until 2014. He also announced a one per cent
reduction in corporation tax to 21 per cent and a new business bank
intended to help lending to SMEs and UK business and will provide it
with £1bn of extra capital.
Indonesia 
Blair is the founder of the Cherie Blair Foundation
for Women, a foundation that provides support for entrepreneurial
efforts by women in developing countries through capacity- and
capital-building projects. The foundation runs a mobile technology
programme, which aims to create economic opportunities for women
entrepreneurs through the use of mobile phones and services.
UAE 
SME, the agency of the Department of Economic
Development (DED) mandated to develop the small and medium enterprise
(SME) sector, and NASDAQ Dubai, the region’s international exchange
recently signed an agreement to guide SMEs towards suitable financing
options to fund their growth, including carrying out an initial public
offering (IPO). The agreement underlines the commitment of Dubai SME and
NASDAQ Dubai to promoting the expansion of high-quality SMEs, whose
potential for rapid growth is set to play a critical role in the
continuing expansion of Dubai’s economy.
|
China 
Small- and medium- sized enterprises have contributed
more than 50 percent to China's annual economic growth over the past
years. And yet, the global economic crisis is putting the squeeze on the
profitability and overall outlook for SMEs, especially in the foreign
trade sector. The 2012 APEC SME Summit wrapped up in Chengmai in China's
island province of Hainan recently. Participants are vowing to step up
their cooperation and meet the challenges ahead.
|
|
 |
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
|
|
 |
There are business opportunities available for Indian
companies in Turkey. The interested candidates can check details.
There are business opportunities available for Indian
companies in Canada. The interested candidates can check details.
|
|
 |
During the period from December 1 to December 15, 2012 a total of 3 new MSMEs became members of FISME.
|
|
|
No comments:
Post a Comment