The Federation of Associations of Small Industries (FASII) in association with Confederation of Indian Micro, Small and Medium Enterprises celebrated its Business Accelerator Summit with special emphasis on MSME: The Pathfinder of INDIA NEXT at the ICCR Auditorium, Kolkata. Mr Sadhan Pande, Minister of Consumer Affairs and Self-Help Group and Self Employment, Government of West Bengal, inaugurated the Summit. FASII is a Delhi-based apex body for small industries in the country since 1959, also conferred excellency awards on successful MSME entrepreneurs at the Summit. Confederation of Indian Micro, Small and Medium Enterprises is youngest confederation with greater focus on MSMEs across India.

Author - Shri. Satyen Trivedi, CEO, Sunnovis Capital. Advisory Member, CIMSME

Everyone has a dream in a life to live life of Late Shri Dhirubhai Ambani, from Small unknown men to Giant Business Empire known as Reliance Group. How this transformation of small micro enterprise to Giant Business Group happened? We herewith share some of the principle of Environment, Social & Governance (ESG) Business Models which will make your company to Large Corporate.

Vision: Shri Dhirubhi has always dream big but dreaming big will not make you Big. Being entrepreneur we shall need to understand macroeconomic environment of our economy, micro management of our company, business models, and need to understand likely changes happening among people, society or business.

Author - Shri. Jitendra Singh, CIO, JK Cement Ltd; National Advisory Member, CIMSME

With the continuous increase in people getting connected through Online Channel including Websites, Portals and Mobile Apps, it has become a necessity for the Smallest of business to have their presence in Digital Space.

More often than not, we face this question that how is Digital going to make difference in the MSME space, especially Micro and Small setup. By asking this, we conveniently miss the fact that having an online presence has direct impact on New and repeat business. Worldwide, various statistics have indicated that businesses who have opted for Digital have higher Revenue and profits compared to their peers in the same industry, as much as 19% more business than the setup who are not Digital.

Author - Shri. Rahoul Joshii, Director Elementz People Systems

Corus acquisition by Tata Steel in 2006 was a trend setter in many ways. This was India’s first major overseas acquisition of that nature and stature. It announced India’s global aspiration to the world in no uncertain terms. While it took 15 years coming after opening our economy, since that landmark acquisition, India Inc has consistently been acquiring businesses worth $ 6.25 billion per annum globally and has invested another $ 500 billion on international expansions in since then.

The Ministry of Micro, Small and Medium Enterprises (MSME) organised UdyamSamvad Workshop today in which eleven sessions were held with different ministries and financial organizations like Ministry of Development of North Eastern Region (DoNER), SIDBI, ASSOCHAM, CII,FICCI,FISME, PHD Chamber of Commerce and MSME Foundation.

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