CO NNECT An Initiative of SME CHAMBER OF INDIA www.smeconnect.in Volume 6 | Issue 24 | August 2016 | Mumbai |` 50 Shri CH. Vidyasagar Rao – Hon’ble Governor, Maharashtra launching theMUMBAI BUSINESS FORUM . Others (L to R) Shri Deepak Kesarkar – Hon’ble Minister of State for Finance & Planning,Shri Subhash Desai – Hon’ble Minister for Industries and Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Maharashtra Industrial and Economic Development Association (MIEDA) as well as Founder of Mumbai Business Forum SME BUSINESS MANAGEMENT INSTITUTE ACTIVITIES OBJECTIVES Ü Training Programs, seminars, workshops Ü To educate and train SMEs from manufacturing and Ü Conferences, Conclaves, Deliberations service sector Ü Courses and Programs Ü To integrate business tycoons and promising Ü Mentoring Sessions entrepreneurs - Young and Women Entrepreneurs Ü Ü Interactive Sessions Toempower entrepreneurs to become competitive Ü Ü Project, Plants and Factory Visits Toaccomplish India's inclusive growth Ü Ü Study tours Toimpart business management skills & concepts Ü Ü Awareness programs Toidentify training needs of prospective and existing entrepreneurs Ü Research Programs and Initiatives Ü Toenhance business performance Ü Consultancy Programs and Initiatives Ü Publish periodicals and magazines SUPPORT SERVICES Ü Preparation of Project Reports Ü Private Equity and Venture Capital Ü Financial and Business Proposals Ü Survey Reports on Potential Markets Ü Conduct sector-wise market surveys and reports Ü NPAs & Sick Industrial Units Revival / Re-structuring Ü Schemes and Incentive facilities Ü Logistics and supply-chain Management Ü Financial Management Services Ü Cloud Computing Ü Project Management Consultancy Ü Online and Internet Marketing Ü Set up new enterprises or industrial units Ü Group Marketing Strategy Ü Export Documentation and Procedures Ü Franchises and Business partnerships Ü Joint Ventures and TechnologyTransfers Education | Knowledge | Competence | Empowerment For More Information and Details Please Contact Mr. Rohit Salunkhe - Director Tel: +91 – 22 – 6150 9800 / 6667 4444 | Fax: +91 – 22 – 2825 0414 / 2927 1750 Email: [email protected] | Website: www.smebschool.com Registered & Head Office: 3, Upper Ground Floor, Samruddhi Venture Park, Marol MIDC Industrial Estate, Andheri (E), Mumbai – 400 093. CO NNECT Foreword An Initiative of SME CHAMBER OF INDIA Volume 6 | Issue 24 | August 2016 | 52 pgs Dear Fellow SMEs, The last three months have seen a number of significant events that impact and will in different ways shape the Indian SME sector. The passage of the long awaited GST Bill in Parliament brought some cheer to an increasingly easing paradigm. Of course the road ahead is hard still with various issues to be cleared and sorted as the states debate their adoption of the bill and make it a reality, but the first steps have been taken. India’s 7.5%+ growth projection remains the beacon of hope in a world that is staring at economic stagnancy in more developed markets. The panacea stimulus of lower interest rates does not seem to be working well across large parts of the planet and regulators will be forced to examine growth issues more critically as well as creatively. But one thing remains starkly underlined – this is now India’s time. Our economic future is ours to build or fritter away depending on how innovative, agile and flexible we choose to be. I am certain in my mind that we need to change the lens of our perspective. Instead of looking to developed economies to send us business we need to aggressively expand our footprint in those markets and create business for ourselves. At this time we must look at acquisitions, of businesses, assets, infrastructure and goodwill and leverage these to drive our economic impact globally. This is the time to focus on capital creation for leverage to grow business rather than merely for safe Chandrakant Salunkhe assimilation. Founder & President Small & Medium Business Development China’s growing interest in investing in Indian entities is a weathervane that we must track. That till Chamber of India recently Chinese capital – Chinese businesses remain the world’s most ardent capitalists – was more keen on opportunities elsewhere, but now has a sharper India focus should help us believe that they Email: [email protected] believe the next surge of economic growth will happen here. We must gear up to utilize it for India’s benefit. On the home front, your Chamber put together two summits that focused on two critical areas for Indian business. The Electronic Payment Facilitation Summit in July spotlighted the need for easing liquidity for business through adoption of fintech plays. It was a valuable initiative that threw up deep insights. The SME Manufacturers & Exporters Summit combined with the Maharashtra Business Excellence Awards celebrated value creation and excellence as the foundation stones for future growth. The Awards also threw up some outstanding stories of inspirational achievement including Badve Engineering, Supriya Lifesciences, Microscan, AD’s Finance and Sri Saigan Industries. To all SMEs who are troubled by what seems a less than conducive paradigm, I would like to say, these success stories have come from amongst us and their path can be emulated. I am delighted to announce the appointment of Mr.Shrikant Badve of Badve Industries as the Brand Ambassador for Maharashtra Business Excellence 2016-17. I am sure his energies, experience and passion will bring value to the entire ecosystem. In the coming months we will maintain focus on stimulating manufacturing, skill pool creation for SMEs, creation of a more easily accessible digital business framework, transparency, the working capital logjam and diversity in SME business. I hope you will reach out to us with not only your problems and issues but also your ideas and suggestions, so that everyone may benefit from your thought process and learnings. My sincerest gratitude to our members, well-wishers,contributors, guest speakers, event sponsors and of course, our gracious advertisers. © SMALL & MEDIUM BUSINESS DEVELOPMENT CHAMBER OF INDIA (SME CHAMBER OF INDIA). The concepts, activities and events have been designed by us and are exclusively the property of SMALL & MEDIUM BUSINESS DEVELOPMENT CHAMBER OF INDIA (SME CHAMBER OF INDIA). No part of the titles and contents or images should be used, reproduced, stored in a retrieval system or transmitted, in any form or by any means or discussed with any third party without prior written consent of SME CHAMBER OF INDIA. SMALL & MEDIUM BUSINESS Views and opinions expressed in this magazine are not necessarily those of SME CONNECT,its publisher, printer, owner and DEVELOPMENT CHAMBER OF INDIA / or editors. We (SME CONNECT) do our best to verify the information published but do not take any responsibility for the absolute accuracy of the information. SME Connect does not accept responsibility for any investment or other decision taken by readers on the basis of information provided herein. SMECONNECT– bi monthly Owner Printer Publisher Editor Mr.Mahesh Balasaheb Salunkhe, Printed at Hindustan Packaging, Unit No1,Kembros Industrial Estate, Sonapur Lane, Off L.B.S Marg, Bhandup (W), Mumbai - 400 078, Published at 101, Murlidhar Baldev Estate, Near Vikas Estate, Off Aarey Road, Goregaon (E),Mumbai-400063. Maharashtra. Editor - Mahesh Balasaheb Salunkhe. RNI No : MAHENG / 2011 / 48842 www.smeconnect.in gh03 Volume 6 | Issue 24 | August 2016 | CO NNECT Contents Events £ SME Manufacturers & Exporters Summit | Maharashtra Industry and SME Meet 6 £ Maharashtra Business Excellence Awards 12 £ Electronic Payment Facilitation Summit 19 £ Netherlands India Business Meet 2016 42 £ Interactive Meeting with Dignitariesduring visit to UNITES STATESOF AMERICA 44 £ Interactive Meeting with Dignitariesat EUROPEAN BUSINESS SUMMIT 2016 46 £ Interactive Meeting with Dignitariesduring visit to BRUSSELS & SOUTH WALES 48 Success Story £ Badve EngineeringLimited, Pune 13 £ Supriya Lifescience Ltd., Mumbai 24 £ AD's Finance, Mumbai 33 £ Shree Saigan Industries, Aurangabad 38 £ Microscan Computers Pvt. Ltd., Mumbai 40 Articles / Interview £ An Exclusive Interview with Shri Suresh Khatanhar - CGM, IDBI Bank Ltd. 15 £ Indian ‘SME Enterprises Confidence Index’ & ‘State of Indian SME Sector’ Study 17 £ SIDBI’s pioneeringrole in Promoting & FinancingMSMEs 27 £ Key Developments in the MSME Space – MSME Minister’s Overview 30 £ Welcome Chinese Investors in India 31 £ SMEs & The Changed Financial Context 34 £ Marvelous Melbourne 35 £ Insight Germany 36 £ The Science and Art of Forex Risk Management 37 £ 5 Reasons for Start-ups to embrace RFID technologies 43 £ Factoring in India 45 £ Forex Risk and SMEs 47 £ GST: Road Map to Acche Din 49 £ International Commerce Made Easier – The Maersk Way 50 CO NNECT | Volume 6 | Issue 24 | August 2016 gh04 www.smeconnect.in MUMBAI BUSINESS FORUM An Interactive Bridge for Business Connectivity & Growth “Entrepreneurs, Industrialist, CEOs of Corporate, MNCs & FIs, SMEs and Start-ups” Launching of Forum Shri CH. Vidyasagar Rao – Hon’ble Governor, Maharashtra launching the MUMBAI BUSINESS FORUM. Others (L to R) Shri Rajeev Kumar Agrawal – Whole Time Member, Securities and Exchange Board of India (SEBI),Shri Deepak Kesarkar – Hon’ble Minister of State for Finance & Planning,Shri Subhash Desai – Hon’ble Minister for Industries, Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Maharashtra Industrial and Economic Development