MSME - Innovation, Growth and Transformation
Friday, 14th June 2019
Auditorium, Ni-MSME, Yousufguda, Hyderabad
Hon. Chairman
Institute of Directors (Hyderabad Region) & Chairman Emeritus, Phoenix Group, and Honorary Consul General, Republic of Korea in Hyderabad
Hon. Chairman
Telangana & AP, Institute of Directors
President
Institute Of Directors, New Delhi.
Hon. Secretary
IOD, Telangana & AP
CEO
Telangana Academy for Skill and Knowledge, Hyderabad
Zonal Lead
Product Excellence, Tally Solutions Pvt. Ltd, Bengaluru.
National Stock Exchange
Hyderabad
Director
National Institute for Micro, Small and Medium Enterprises (ni-msme), Hyderabad
Additional Industry Advisor
MSME-DI, Hyderabad
General Manager
Small Industries Development Bank of India, Hyderabad
Independent Director
The National Small Industries Corporation Ltd, New Delhi
CEO
Sr. Innovation Exchange, Warangal
CEO
Cybersecurity Centre of Excellence, Telangana DSIC, Hyderabad
Micro Small & Medium Enterprises (MSMEs) play an important and strategic role in the economic growth and equitable development of a country. Worldwide, the Micro Small & Medium Enterprises (MSMEs) have been accepted as prime drivers for employment generation and growth of GDP, besides contributing to the balanced regional development. MSMEs are in a unique position to become global players attracting partners with technology and funds. These enterprises impart the resilience to withstand economic upheavals and maintain a reasonable growth rate since being indigenous is the key to sustainability and self sufficiency.
The vibrancy of the Micro, Small and Medium Enterprise (MSME) sector in the macroeconomic context cannot be overstated as it accounts for 7% of India's GDP, 45% of total manufacturing output, and 40% of Indian exports while employing over 117 million people. Given the critical importance of the sector, due attention from the financial system must be accorded to address the challenges inherent in servicing this segment.
Though there is plethora of growth opportunities and the initiatives being taken both by the Centre and the State Government, there are multiple numbers of challenges the MSMEs continue to face. The major ones being ease of doing business, easy access to credit, impact of major policy reforms, technology upgradation etc. Time is ripe for all the stakeholders to come together to create an enabling ecosystem for the growth of the MSMEs in the state.