UUddyyaammii BBaannggllaa MSME-Development Institute Kolkata 2nd Year, Vol: XII, November 2020 Udyami Bangla 2nd Year, Vol: XII, November 2020 This page is left blank intentionally 2 Udyami Bangla 2nd Year, Vol: XII, November 2020 From the Desk of Director In-Charge: Shuva Vijaya!! Hope all our friends have enjoyed the Durga Puja well with families and near ones and are safe and healthy. With the onset of this festive season, life is again rolling back to new- normalcy. The active Covid cases, which crossed a million in mid- September have come down to 5 lakhs. Discussions are going on to open up railways for passenger transport. Opening of Schools are also under consideration. Union Finance Minister Nirmala Sitharaman on 27th of October said the growth rate of the country’s gross domestic product (GDP) might be “near zero” this fiscal year. However, with signs of economic revival, India might well be one of the fastest-growing large economies in the next fiscal year, she said, while addressing an international business forum. Sitharaman’s comments come at a time when the International Monetary Fund (IMF) has projected India’s GDP to contract 10.3 per cent this fiscal year, revised from its forecast of a 4.5 per cent decline in June. However, the IMF expects India’s growth to overtake China’s next year because it (India) is predicted to expand 8.8 per cent, while the latter is expected to see 8.2 per cent growth. The finance minister also pinned hopes on the festive season to drive India’s revival. “Indicators show that primary sectors, related sectors of agriculture and rural India, are all doing very well. As a result, the consumption of durable goods, agricultural equipment and vehicles -- all are going up. The festive season has commenced in India. As a result of this, I expect demand to grow and could be sustainable,” she said. Measures have been taken to Stimulate Consumer Spending through LTC Cash Voucher Scheme and Special Festival Advance Scheme for Central Government employees. It is expected that by the end of this fiscal, the Indian economy will again return to the growth path. With this hope in mind, I wish a very happy Diwali to all our friends. Let the light eradicate the darkness! Krishnadas Bhattacharya Content A. Director’s Message 03 B. Editorial 04 C. AV Space 05 D. CHAMPIONS Success Story 07 E. From the Districts 09 F. Focus District – Darjeeling & Kalimpong 12 G. News & Views 26 H. Special Feature 29 I. Igniting Ideas 35 3 Udyami Bangla 2nd Year, Vol: XII, November 2020 Editorial: With the pandemic outbreak and resultant economic fallout, employees from MSMEs are becoming anxious and stressed about job security and the safety of the organisation. During such situations, employers who show empathy to their employees would be the ones which any employees would prefer in an upbeat market. There were times when candidates were choosing employers basis the compensation offered, but going forward job security in times of economic meltdown would be considered Moving ahead, ‘cost optimisation’ and ‘rationalisation’ would be the keywords reverberating across organisations. The direct impact of the outbreak will fall on Productivity. – an activity which used to be an annual exercise would evolve into a quarterly exercise wherein bottom performers and outliers would be informed to improve their deliverables. The future people managers are the one who can manage a remote workforce and engage them remotely, and this calls for leading by example the most. The coronavirus outbreak has reigned in a new set of challenges for the entire business ecosystem. Navigating through such a crisis requires businesses to respond quickly to the evolving landscape to maintain continuity and ensure seamless operations. While the immediate future may seem uncertain, there seems to be much to look forward to in due course as the pandemic shapes a new way of thinking. We, as a part of this ecosystem, are gradually gripping over our schemes and policies with their neo normal contributions . Reaching you as fast as we can through digital mode, acting fast through Champions, Refurbishing EDCs, Inviting all to furnish authenticated data and participating in Cluster activities are our prime concern. We are very close to complete our 2nd year journey and we are infusing some new features in this Newsletter. Explore this and send your feedback. Hope we can present a new look E newsletter for you in our next Bi-Annual issue. Wish you all a very Enlightened Deepavali. Debabrata Mitra Editor : Sri Debabrata Mitra, Deputy Director (G&C) Sub Editor : Sri Chitresh Biswas, Asstt. Director (Stat) Cover : Meeting with Industry Association by Sh. Vinamra Mishra Back Cover : Integrity Pledge at MSME-DI, Kolkata 4 Udyami Bangla 2nd Year, Vol: XII, November 2020 AV SPACE Ujjale in Ummedon ke – Brightness of Hope! Ministry of MSME launched an AV campaign to promote several cottage and handicrafts industry in the wake of Diwali in the nation. The campaign includes pottery, bamboo craft, khadi etc. Click on the glitter to view the twitter videos. Fragrance and flavour industry in India India has always been a land of olfactory indulgence, where aromatherapy, incense and ittar have existed since ancient times, where essential oil perfume were a part of the ancient royal lore. The earliest scents used were the healing scents introduced through Ayurveda, which recommended the use of aromatic herbs and fragrant plants for mental well-being, beauty, treatment of ailments, hygiene and age-control which are well known even today. This traditional fragrance industry in India has seen vast changes in the recent years with the introduction of technology and wider usage. The Indian fragrance industry is one of the largest in terms of production, consumption and at present, the fragrance market is set to grow and offer innumerable opportunities for new entrants to grow in this market. India being the leading country in the world with rich diversity in flora and fauna with its 15 Geo- climatic zone. India can produce organic fragrant raw materials which have great demand in the world. Considering its close linkages with grass-root economics, it can reboot Indian economy from ground level. Global fragrance & flavour industry is worth $24.10 Billion and India contributes approximately $500 million. However, growth rate in India is approximately 11% in the last few years but is projected to grow exponentially in the upcoming years due to rising personal care, brand awareness, increasing disposable income, growing demand in middle class people and affordable price of fragrance in the form of mass perfumes & deodorants. Click here 5 Udyami Bangla 2nd Year, Vol: XII, November 2020 India-Korea Technology Exchange Centre On 10 July, 2018, the Minister of State (Independent Charge) Micro Small & Medium Enterprises, Mr Giriraj Singh and Minister of SMEs (Small and Medium Enterprises) and Start-ups of the Republic of Korea, Mr Hong Jong- haak inaugurated an India-Korea Technology Exchange Centre in New Delhi. The establishment of the Centre is a step towards bolstering bilateral cooperation between the two countries in the Micro, Medium and Small Enterprises (MSME) sector. According to a press statement released by the Indian Ministry of Micro Small & Medium Enterprises, Mr. Giriraj Singh said that the purpose of the Technology Exchange Centre is to build a platform for and provide assistance to the micro, small and medium enterprises of India and Korea where they will be able to identify and exchange the latest technologies, share management expertise and technology applications for product development. To encourage and promote co-operation in capacity building for developing policy and institutional framework for the development of MSMEs in both countries on mutually agreed terms and to facilitate technology transfers on demand and on mutually agreed terms for realization of industrial partnerships between MSMEs of both countries; National Small Industries Corporation (NSIC) of India, a premier public sector organisation engaged in promoting, assisting and fostering the growth of Micro, Small and Medium Enterprises in India & Small & medium Business Corporation hereinafter called (SBC), a Korean government agency joined hands. Click Here for Details Mjunction: Mjunction Services Limited is a 50:50 joint venture of two Indian steel conglomerates – the Steel Authority of India Ltd (SAIL) and Tata Steel. It started operating in 2001 and was initially called metaljunction.com. Headquartered in Kolkata, West Bengal, it primarily facilitated the online sale of steel. Subsequently, it moved into new areas of business and now offers e- selling, e-sourcing, e-finance, e-retail and knowledge services across diverse industry verticals. Click Here for Details Govt looks to scale up MSME exports: Hon’ble Minister Minister of Micro, Small and Medium Enterprises, Shri Nitin Gadkari said the Centre has set a target of adding 50 million jobs for micro, small and medium enterprises. Click Here for Details 6 Udyami Bangla 2nd Year, Vol: XII, November 2020 CHAMPIONS’ SUCCESS STORY M/s Andaman Bottling Company, Port Blair, A&N Islands Description of Grievance M/s Andaman Bottling Company, Port Blair is a franchise of Bisleri and is in the production of Package drinking water. The unit made grievance on 10.06.2020 on via champions portal on expediting the financial assistance under Emergency Credit Line Guarantee Scheme (ECLGS). Support provided The officer in charge of A&N Champions Control Room had a telephonic conversation with Shri Taufeeq Rehman on the grievance and the entrepreneur himself visited this office 12.06.2020 to apprise on the issue. Accordingly email communication and hard copy was sent on 12.06.2020 to Canara Bank, Port Blair and Lead District Manager, Port Blair with a request to look into the matter and expedite the same.