Small and Medium-sized Enterprises (SMEs) including startups and microenterprises, are the vital sector of Indian Economy. They are the driving force behind a large number of innovations and contribute to the national growth through employment generation, investments and exports. It is estimated that in terms of value, the MSME sector accounts for about 45 per cent of the manufacturing output and 40 per cent of the total exports of the country. The sector is estimated to employ about 595 lakh persons in over 261 lakh enterprises throughout the country. Further, this sector has consistently registered a higher growth rate than the rest of the industrial sector. There are over 6,000 products ranging from traditional to high-tech items, which are being manufactured by the MSMEs in India. It becomes imperative to give special attention for growth of MSMEs since they have the potential to provide highest wage employment for the labor force next only to agriculture but also provides goods and services at a lower cost.
In today’s environment, the MSME sector in India is facing huge challenges to be able to play their due role in the economy as well to remain competitive in the era of globalization and liberalization. MSME’s are at the cross – roads today considering the growing global competition and liberal imports as a result of FTAs (Free Trade Agreements) with various countries and trading blocks alongwith massive imports from China on the one hand and pressure of Multinationals in marketing their branded products backed by intensive promotion on the other hand. Hence, many micro and small businesses have buckled under the pressure of imports and market their products by reinventing themselves. Lot of MSMEs have collaborated with large companies as sub – contractors and component suppliers or product manufacturers for exports.
In the present environment, it is tough being an MSME in India despite the fact that this sector contributes nearly half of the country’s industrial output and exports besides creating a large number of jobs. Lack of size hurts when it comes to getting funding, hiring talent or accessing markets. Starting a new business and scaling up a small business are challenging issues. Also, the inability of the MSME’s to organize themselves for collective bargaining continues to affect them when it comes to formulation of national economic policies.
In this context, AIMA has been spearheading its efforts to enhance the competitiveness of MSMEs through Entrepreneurial capacity building programmes and have been conducting MSME Conventions to address these issues and more. These Conventions have been held previously in Delhi, Ahmedabad, Chennai and Guwahati and have helped MSME’s to come together, appreciate their place and role in the national economy, and formulate the agenda for progress.
The 6th AIMA MSME Convention on the theme "Make in India: Growth Opportunities for MSME's" was successfully conducted, in partnership with Ahmedabad Management Association, on 11th June 2016, at H T Parekh Auditorium, AMA Campus, Ahmedabad.
The Convention was inaugurated by Mr. G S Aloria , Chief Secretary, Govt. of Gujarat.
Mr. Arvind Agarwal, Additional Chief Secretary( Industries & Mines),Govt. of Gujarat; Mr. Ravi Vastupal, Past President ,AIMA & CMD ,Rajiv Petrochemicals ; Dr. J S Juneja, Chairman, AIMA MSME Committee and Mr. Tushar Patel, President ,Ahmedabad Management Association also addressed the Convention during the Inaugural session.
The other speakers who addressed the Convention included Mr. S.N. Tripathi, Additional Secretary & Development Commissioner, Ministry of MSME; Prof. Pankaj Chandra, Chairman, Board of Management, Ahmedabad University; Ms. S. Uma Shanmukhi, DGM(SME),State Bank of India; Mr. Viranchi Shah, President-elect, Indian Drugs Manufacturers Association; Mr. Shailesh Patwari, Vice President, Gujarat Chamber of Commerce; Mr. Pramod Vijayvarghia, DGM, SIDBI; Dr Vipin Kumar, Chief Innovation Officer ,National Innovation Foundation; Mr. Ashok Bhatia, President-Emerging Markets, Zydus Cadila; Mr. Rajiv Gandhi, CEO & MD, Hester Biosciences Ltd; Dr. Sunil Shukla, Director, EDI; Mr. Rajendra Shah, Chairman, Harsha Engineers Ltd; Mr. Parag Desai, Executive Director, Wagh Bakri Group; Mr. Sanjay Rai, MD, Kandla Energy & Chemicals Ltd; Prof. Yoginder K Alagh, Chancellor, Central University of Gujarat & Nagaland University; Dr. Jaimin Vasa, MD, Vasa Pharmachem; Mr Sunil Parekh, Corporate Advisor & Member , Vibrant Gujarat Advisory Board and Mr. Sunil Kumar, President, India SME Forum.
The Convention included sessions on Make in India: Opportunities & Challenges; Transforming Healthcare; Sectoral Success Stories. The Convention concluded with a Panel Discussion on the proposed New MSME Policy which was chaired by Mr S N Tripathi, Additional Secretary & Development Commissioner, Ministry of MSME. The deliberations were well received by the audience and the Convention was attended by 225 people.