Mumbai, July 03: Tefla’s which is known for conceptualizing, planning and organizing research based industry specific conference & Exhibition in tandem with industry leaders & Associations, organized ‘India SME Conclave & Awards & CEO (Commodities & Equities Outlook) 2019 on 26th and 27th June at Renaissance Mumbai Convention Centre Hotel, Powai.
India SME Conclave & Awards 2019 witnessed phenomenal success with the coming together of thought leaders, young entrepreneurs, brand representatives and Government representatives to discuss trends shaping the SME space and also covered outlook for crude oil, gold and silver, select base metals and major agri-commodities (vegoil, sugar, cotton). Domain experts examined the global and Indian market drivers and shared their outlook for the year.
There are about 45 million SMEs in India employing about 120 million people or 40% of workforce, they contribute to 45% of India’s manufacturing output and have a growth rate of 10%. Yet SMEs face challenges like compliance requirements imposed by governments, maintaining a healthy balance sheet, credit finance and regulatory compliances. In view of this a large number of reforms have been implemented by the central government and State Governments.
Speaking at the conclave Mr. Ajay Thakur said “SMEs are the largest employment creators in India and 300 companies listed SME stock exchange in India with a turnover of 20000 crores. BSE and the NSE launched their platform for small and medium enterprises to list on the BSE and the NSE and later migrate to the main board of the BSE and NSE without the need to make an initial public offering. The BSE SME and NSE Emerge are a new source for SME IPOs and provide a listing opportunity to the SMEs with minimum compliances and cost compared to the main board. SMEs are spread across diverse sectors and are fast emerging as an alternate asset class for investors. All small and medium enterprises can be listed based on some basic guidelines and BSE and the NSE launched their platform for small and medium enterprises to list on the BSE and the NSE and later migrate to the main board of the BSE and NSE without the need to make an initial public offering. The BSE SME and NSE Emerge are a new source for SME IPOs and provide a listing opportunity to the SMEs with minimum compliances and cost compared to the main board. SMEs are spread across diverse sectors and are fast emerging as an alternate asset class for investors.”
The inaugural keynote speaker, Mr. Vijay Sardana – International Agri business value chain expert & member CDAC, SEBI, Public interest Director MSE said, “Today with technology playing an important role in the business landscape and the Government introducing favorable policies for SME’s, the SMEs are having a great opportunity to leverage their agility to compete in the changing landscape as the customer loyalty is reducing and new local brands are being welcomed by customers as long as their products or services are good and value for money.
Large companies have a large fixed cost and different departments which makes it difficult to make decisions. The focus of SME’s should be innovation based on feedback from the customers and not by reports from high cost consultant companies. In fact the SMEs should ask for criticism and use it as an incentive.
Every disruption is an opportunity you have to use it as a stepping stone to success and not see it as a stumbling blocks”
Speaking on the occasion Ms. Shweta Shalini – Advisor to CM (Maharashtra) and Executive director Maharashtra Village Social transformation foundation (VSTF) said “The new Government is doing everything possible to nurture and support the SME sector as it recognizes its participation to the job creation is this sector. The Government is receptive to suggestions and willing to work with associations to provide hand-holding for the new upcoming startups, SMEs and MSMEs.”
The Government has already done a lot by way of providing infrastructure to the masses. Improved the ranking in ‘Ease of doing business’ and removed the barriers which were detrimental to the businesses and is striving towards providing an umbrella of single window clearance for businesses. The Government is serious on providing all means to the innovators and there is huge capacity building at every level, Cottage industries and small scale industries are being provided means to grow and fortunately with the opening up of the online marketplace the new generation entrepreneurs can set up shop on the various internet sites which will take care of marketing and also logistic support. I being a serial entrepreneur myself understand the challenges and therefore I am committed to support all entrepreneurs.”
Speaking on the occasion, Guest of Honor, Mr. Rajesh Kshirsagar -Executive Chairman – State planning commission, Government of Maharashtra said “Our Government has been taking all possible steps to promote businesses we have abolished LBT and done away with the license raj, in fact a business had to procure about 60 licenses from different departments of the Government and now it has been reduce to just 15.”
Dr. Anil Bonde – Hon. Minister of Agriculture – Government of Maharashtra was of the view that, “The New India is transforming and the new Government is bringing in transparency through technology, all proposals and schemes are made online the mantra is that only the honest officials will survive. We are fortunate to get Hon Minister Nitin Gadkari who is very innovative and supports ideas. The Government also committed to supporting the farmers who contribute to 11% of the GDP. Even the Maharashtra Government is supporting entrepreneurship with various schemes announced by CM Davendra Fadnavis during the Make in India campaign.”
There was a high voltage presentation on the Value provided by the Mumbai Dabbawalas by Dr. Pawan Agrawal on how the uneducated Dabbawalas have been providing 100% accurate logistic support to deliver home-cooked lunch to office goers in Mumbai since 127 years braving all odds of the city challenges.
Hon. Mayor, Mr. Vishwanath Mahadeshwar was also present at the event. He said “We are now poised to take our Nation from developing to ‘Developed Nation’ and to achieve this the Business sector support is critical. Organizations like BIA and others are providing a platform for people to take their issues to the Government which is bent on providing support to all the sectors particularly the SME as they generate employment opportunities for the unemployed. The Central and State Government is doing all it can to provide all support for this cause.”
Mr. Ajay Bonde, Joint Commissioner State Tax (GST) and Mr. Vivek Salve, Deputy Commissioner State Tax (GST) spoke on GST – Compliance & Growth for SMEs
“GST has its challenges due to the manual paperwork is now being taken over by technology and that too with linkup with other GST payers. GST is now applicable on a turnover of over 40 lakhs, but GST number and payment can be had even though the turnover is less because in some cases it is required like in e-commerce or import export etc.
All your places of business have to be mentioned or added or amended in the GST portal against your name, this is important and is causing many issues, it is very easy and can be done online by uploading the required documents. this will help in Insurance claims and also e-way bills interstate transactions etc.
The challenges are mainly due to the technological change and ignorance. All you have to do is understand the system, we have online training’s, hold seminars and training’s on ground to educate people but a lot needs to be done by the people themselves.”
Dr. Sarat Kumar Malik, SEBI said “We at SEBI understand the contribution of SMEs to the Indian economy and want SMEs to grow and if they want to get listed we are there for them, The IGP, earlier known as Institutional Trading Platform, has been created to facilitate listing of startups or new-age ventures in sectors such as ecommerce, biotechnology, and data analytic.
In fact In the new ICDR regulations we have reduced the minimum application size from 10 crores to only 2 Crores to make the platform more accessible to companies in view of the evolving start-up ecosystem in the country. SEBI has reviewed the existing framework in order to increase the ease of doing business and getting listed in different stock exchange.”
Apart from this, there were presentations given by Entrepreneurs Mr. Jagdeep Kapoor the Brand Guru who gave his brand Mantras to the delegates on the importance of Brand Value and its trust.
Mr. O.P. Gupta spoke on the importance of Intellectual Property rights (IPR)
Real Estate Tycoon Mr. Amit Bhagwan Wadhwani, Co-Founder, SECCPl spoke about the challenges of SMEs in procuring Capital.
Mr. Kamlesh Mehta – Arjuna Awardee and Table Tennis Champion for 8 Times, Spoke about the relativity of competence in sports with business. Qualities like team spirit, Taking advantage of Government support, Vision Excellence and hard work.
Actress Perizaad Zorabian, Chief Marketing Officer, Zorabian Chicken spoke on the challenges faced in building up the enterprise and how need based product can help an enterprise to survive and excel.
The event also awarded some top SMEs for their valuable contribution-
India SME of the Year – Marquee Developer 2019.
Mr. Himanshu Kanakia, Managing Director, Kanakia Spaces Reality P.Ltd.
India SME Award for Technology & Innovation 2019 –
Mr. Tejas Goenka, Managing Director, Tally Solutions.
Young Entrepreneur (SME) of the Year –
Mr. Siddharth De, Vice-President, Hindustan Motor Mfg. Co.
India SME Award for Idea Innovation –
Dr. Evan Luthra, Founder, StartupStudio.
Social Entrepreneur of the Year & Brand Ambassador of India SME Conclave –
Mohit Bharatiya, CEO, KBJ Group.
For Outstanding Contribution towards Healthcare –
Dr. A.Velumani, Founder & CEO, Thyrocare Technologies Limited.
CEO Award for Top Equity Broker of the Year 2019 –
Axis Securities Ltd.
CEO Award for Most Consistent Portfolio Manager of the Country 2019 –
Narnolia Financial Advisors Limited.
CEO Award for Digital First Organization of the year 2019 –
Angel Broking Pvt Ltd.
CEO Award for Best Marketing Campaign of the year 2019 –
Angel Broking Pvt Ltd.
CEO Award for Fastest Growing Diversified Group –
Abans Securities Pvt Ltd.
There was a fashion show by Sparsh by Seema Kalavadia and Richa Singh. TV actor Dheeraj Dhoopar was show stopper for the show. Singer Parul Mishra performed live on various songs in this grand event.
For more information: www.ceoweekend.com or www.indiasmeconclave.com