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Vol II, Issue 24: December 15, 2012 Activities News Members Contact Print Version

President's Message

" With the states being the finalarbiters, ‘FDI in Retail’ will beushered in only in a few of the

states. Hopefully this will give smallindustry and agriculturists in rest of

the country, a chance to wait andwatch the results of this tectonicexperiment. As a representative

body of MSMEs we should now bedemanding a comprehensive

regulatory mechanism that takescare of their interests; simply

because small vendors to largeorganized retail will be up against a

set of globally powerful andformidable players in this new

game. The trade bodies could also startdialogue with interested globalplayers to serve as links and

communicators between them andthe small vendors. Government of

India should actively encourage andsupport such initiatives. "

- Shri V.K. Agarwal, President FISME

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ActivitiesFISME’s Briefing Sessions on KNN in three cities

Business Banter: Lessons from EntrepreneursMinimise risks, but don’t hesitate to take bold decisions

Macro MetreIIP soars to 8.2% in Oct, raises hopes of economic recovery

Domestic DigestComprehensive Online Services for Patents inauguratedGovt to facilitate entry of more SMEs into EPFO

State Scan248 GIM projects have been implemented: ShettarBig boost for small-scale industries

World WatchDubai SME and NASDAQ Dubai sign agreement

Knowledge StoreCredit tap runs dry for small biz

...And A Lot More

Briefing on 'KNN' reached Ahmedabad, Indore & Kolkata

FISME is coming up witha distinctive platform tobring together variousMSME Associations andInstitutions for sharingknowledge and reachingout to media through ‘Knowledge and NewsNetwork (KNN)’. Theprocess of briefing andfeedback sessions in

major cities for MSME associations, initiated last month, reached toAhmedabad, Indore and Kolkata.

The briefing sessionswere organised inAhmedabad onDecember 1, 2012followed by Indore andKolkata on December 4and 5, 2012 respectively.KNN will not only be anMSME focused newsagency but will also runan internet based portalto be information clearing house for MSMEs, associations and institutions.KNN will disseminate information through all formats: text, audio and video(through VoD/IPTV).

KNN is beingestablished withassistance from GIZ(German InternationalDevelopmentCooperation). MSMEassociations working

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AIFPA Show 2012

Date: Dec 13-15, 2012 Venue: New Delhi

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PLASTO 2012

Date: Dec 20-23, 2012 Venue: Pune

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Increasing FDI limit willbenefit MSME sector: Survey

According to The FISME Factorsurvey, 71% of Indian MSMEs feel

with SIDBI in creditdelivery, associationsbeing assisted underGIZ / SEQUA

programme for capacity building of MSME associations and FISME partnerassociations form the core of over 100 associations that have joined thenetwork. Over 75 prestigious institutes of management and engineeringbesides Universities have also joined.

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Policy of FDI in multi-brand retail is endorsed by theParliament too but don't we need a statutory autonomous

regulator to ensure fair deal to farmers, their MSMEvendors and consumers?

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‘The Best Advice I Got’

“Minimise risks, but don’t hesitate to take bold decisions”

- Y M Deosthalee, CMD, L & T Finance Holding Ltd

Risk management is the identification, assessment, and prioritization of risksfollowed by coordinated and economical application of resources to minimize,monitor, and control the probability and impact of unsuccessful events or tomaximize the realization of opportunities. It is a rigour of improving theprobability of survival and success, mostly in an uncertain and complexcondition.

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Macro Metre

IIP soars to 8.2% in Oct, raises hopes of economic recovery

Spurred by robust growth in manufacturing, industrial output bounced back to16-month high of 8.2 per cent in October raising hopes of economic recoveryin the coming months. "I am very encouraged by the indications of the greenshoots in economy in terms of production. IIP figures are very encouraging,"Finance Minister P Chidambaram told reporters while commenting on surgein Index of Industrial Production (IIP) to 8.2 per cent, as against contraction of0.7 per cent in September.

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Consumer price inflation at 9.9% in November

Rising for the second consecutivemonth, retail inflation surged 9.90 percent in November driven mainly by risingprices of food items such as sugar,vegetables, edible oil and clothing. Theretail inflation was 9.75 per cent inOctober and 9.73 per cent in September.

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that increasing FDI limit from 24%to 100% will be beneficial forthem.

Marketing Mantras

SMEs yet to embrace the socialmedia

Despite the fact that the socialmedia is taken as an effective toolfor engaging customers, it is yet tobe embraced by small andmedium enterprises (SMEs).

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SME advice: 5 tips for bettersales

Selling can be a neglected part ofa company but with properplanning and execution, your workcan start to reap dividends.

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Finance Fundamentals

Why people are scepticalwhen it comes to financial

planning?

Financial planning is importantbefore the start of any exercise andpeople have started seekingprofessional advice to build the

October and 9.73 per cent in September.The highest price rise in November was

seen in the oil and fats segment with an annual inflation of 17.67 per cent, asper the Consumer Price Index (CPI) data released recently.

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Domestic Digest

Comprehensive Online Services for Patents inaugurated

The Comprehensive online Patent filing services of the Office of the ControllerGeneral of Patents, Designs and Trade Marks was recently inaugurated. ShriSaurabh Chandra IAS, Secretary, Department of Industrial Policy andPromotion, Ministry of Commerce and Industry, Government of Indiainaugurated it and the function was held at Boudhik Sampada Bhawan, seniorofficers of the Department, officials of the Patent office, officials of NationalInformatics Centre and Patent Attorneys attended the event.

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Govt to facilitate entry of more SMEs into EPFO

The labour ministry is working to curbadministrative inefficiencies and endmanual intervention in the registrationand withdrawal of retirement fundsmanaged by the Employees’ ProvidentFund Organisation (EPFO). The moveis likely to encourage moreestablishments, especially micro, small and medium enterprises (MSMEs), tojoin the social security net, said two ministry officials, requesting anonymity.There are about 700,000 units registered with the EPFO and this number candouble in the next few years if SMEs join it in a big way, one of them said.

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SEBI allows 12 more Alternative Investment Funds

Market regulator SEBI has allowed 12 entities to set up Alternative InvestmentFunds (AIFs), a newly created class of pooled-in investment vehicles for realestate, private equity and hedge funds, in the last two months. The 12 AIFs thathave been registered with SEBI since October 10 included India Realty Fund,Dar Mentorcap Film Fund, Capaleph Indian Millennium Small & MediumEnterprises Fund and Capaleph Indian Millennium Private Equity Fund.

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Solar power solution for Faridabad industry

Faridabad industrial units have beenreeling under a power crisis for manyyears. This has resulted in playerseither moving out or closing down theirproduction units in the city. Seeing thesituation worsening, Faridabad SmallIndustrial Association (FSIA), with thehelp of Bosch - a German firm, ministryof new and renewable energy (MNRE)

and Small Industrial Development Bank of India (SIDBI), have taken an initiativeto reduce the power deficit through solar energy.

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BRICS to set up platform for tech, information exchange

BRICS countries have agreed to institutea platform for creating opportunities forexchange of technologies amongthemselves. The decision on theplatform that would also serve forexchange of experiences and goodpractices for enterprise among member

countries was taken at a meeting earlier this week of the BRICS Contact Groupon Economy Trade and Investment. The Contact Group also decided to createdata bases of exports and imports, as well as a data base and platform forexchange of information for small and medium enterprises (SMEs) of BRICScountries.

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road map. But they are reluctantwhen it comes to implement therecommendations of the plan.

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Right credentials help SMEsaccess bank finance with ease

For the Small and MediumEnterprises (SMEs) accessingbank finance is not that tough if ithas the right credentials.

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Policy Polemic

Credit tap runs dry for smallbiz

The RBI’s move to keep lending toNBFCs out of priority sector has, inturn, hit small entrepreneurs’access to finance.

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Stockpile

Industries in 2013

The Economist Intelligence Unitsurveyed 405 executives inNovember 2012 on their

expectations for businessconditions in 2013.

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India's Foreign Trade: latestfigures

Ministry of Commerce has comeup with latest figures on exports,

imports, crude oil & non-oilimports and trade balance.

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Quotable Quotes

Filings to set up MSMEs grow 19% in 2011-12

The Micro, Small and Medium Enterprise (MSME) sector reported a growth of19.06 per cent in 2011-12, in terms of Entrepreneurs’ Memoranda (EMs), filed atthe all-India level. The number of EMs filed in 2011-12 was 282,496, comparedto 237,263 in 2010-11 and 213,894 in 2009-10. Growth in 2011-12 was almosttwice the rate posted in 2010-11 (10.93 per cent) and 2009-10 (10.78 per cent),according to a written reply by K H Muniyappa, minister of state for MSME, to aquestion in the Lok Sabha.

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Naraina printers hail govt. support policy

West Delhi's 3,000 printing units havegood news to share. The government'sPublic Procurement Policy might opennew business avenues for them. It willbenefit particularly, the smaller units thatfall under the category of micro, smalland medium industries. Under the saidpolicy, public sector majors such asDelhi Book Trust (DBT), Central Board ofSecondary Education (CBSE), Indira Gandhi National Open University (IGNOU)and National Council of Educational Research and Training (NCERT) havecommitted to procure about 20 percent of their printed material from the MSMEs.

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Bombay Stock Exchange launches SME index

The Bombay Stock Exchange (BSE) recently launched a Small and MediumEnterprises (SMEs) index that aims at tracking the current primary marketconditions in the Indian capital market and measure the growth in investors'wealth over a period. The index will be constituted by SMEs listed on the BSESME platform. So far, there are 11 companies listed on the SME platform andthis index will have features similar to the BSE IPO index.

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200% employment growth in MSME sectors: Muniyappa

K.H. Muniyappa, Minister of State forMicro, Small, and Medium Enterprises ina written reply to a question recentlyasked in Rajya Sabha, said MSMEsector has achieved satisfactory growthover the last decade. On the basis of thefourth census for MSMEs, we have seensteady growth in number of MSMEs. The number has increased from 105.21lakhs to 361.76 lakhs during the period of 2001-02 to 2006-07. Employment inthe MSME sector increased more than 200% in the last decade, as per third AllIndia Census of SSIs (Small Scale Industries) 2001-02, fourth All India Census2006-07 and Economic Census 2005, the employment figure jumped from249.33 lakhs to 805.24 lakhs.

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Andhra Pradesh

Expensive, regular power for industry consumers mooted

With industries crying for uninterrupted power, the Commissionerate ofIndustries has now mooted the expensive power purchase scheme (EPPS) forthose industrial consumers keen on a round-the-clock (RTC) power supply. Thecommissioner of industries has initiated moves to ascertain the willingness ofHT/LT (high tension/ low tension) consumers from the MSME (micro small andmedium enterprise) sector that are fed through either dedicated feeders orexpress feeders to opt for EPPC.

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Haryana

Sonipat SMEs are shifting to Bawana and Narela

In search of uninterrupted power supply, easy availability of labourers and

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" Innovation has nothing to do withhow many R&D dollars you have.

When Apple came up with the Mac,IBM was spending at least 100

times more on R&D. It's not aboutmoney. It's about the people youhave, how you're led, and how

much you get it. "

- -STEVE JOBS, Former CEO, Apple

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transport facilities, Sonipat-based small scale enterprises have startedmigrating to Bawana and Narela. They say it will step up their profitability by 12percent to15 percent.

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FDI jumps in Haryana after new industrial policy

Exports from Haryana have crossed Rs48,530 crore during the year 2010-11and the State has so far receivedForeign Direct Investment (FDI) of Rs13,128.81 crore, of which an investmentof Rs 9628.81 crore has come up afterimplementation of the Industrial Policy,2005. A spokesman of HaryanaIndustries and Commerce Departmentsaid that having catalysed an investment of about Rs61, 000 crore since 2005and an investment of about Rs 97,000 crore being in the pipeline, Haryana hasmore than 1,000 projects with foreign technical or financial collaboration.

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Karnataka

248 GIM projects have been implemented: Shettar

Karnataka Chief Minister Jagadish Shettar recently said 248 projects in largeand medium industries segment, which were committed in the GlobalInvestors Meet (GIM) in June, have been implemented. "We haveimplemented 248 projects in large and medium industries sector committedduring the last GIM Meet. These projects invited investment worth of Rs 1,74,000 crore and created 8, 13,125 jobs in the state," Shettar said afterreleasing the 'GIM 2012' progress report in Karnataka.

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Excellence awards for SMEs

Quality, innovation in corporate governance, information technology, informationtechnology communication, financial management, exports and corporatesocial responsibility are a few areas of excellence for which the awards will begiven. To encourage women entrepreneurs, a special award for women in theSME sector has been instituted. “One can find many awards instituted toencourage and promote multi-national companies. However, there are notmany opportunities for small and medium enterprises to showcase theirachievements.

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Kerala

Big boost for small-scale industries

Giving a major fillip to small-scale industries, the district Panchayat will startindustrial estates in three taluks in the district during 2012-14. According tothe recently presented plan document of the local body, 10 acres of land in thetaluks of Kozhikode, Vadakara and Koyilandy will be taken over for the purposeand infrastructure facilities will also be provided for starting industrial units tointerested persons. For this, the Kozhikode district Panchayat has set asidean initial fund of `51 lakh. “The decision to start more industrial units in thedistrict was taken after the successful functioning of the Industrial estate atCheruvannur-Nallalam.

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Kerala IT Company to go public

Addressing reporters at the College of Engineering, from where it all began, theyoung entrepreneurs said they bunked classes, raised capital by selling mobileSIM cards and recharge coupons to friends and dreamt big by floating MobME -which develops mobile application software - from the campus. Six years backwhen their classmates were filling up application forms for their examinations,these students were filling up documents to officially register a technology start-up with the registrar of companies and Technopark Incubator in Kerala.

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FISME Policy Paper

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FISME regularly receives monthlyreports on the economies ofvarious countries from theirmissions in India. These reportsprovide information on keyeconomic parameters, traderelated information and all newsrelevant for importers andexporters. In this edition you cantake a look at reports on:

Bahrain

Tamil Nadu

Acute power crisis to force industries to shift to other areas

With almost 16 hours of power cuts crippling the industrial sector in TamilNadu, industrial associations held an emergency meeting in Coimbatore todiscuss the likely solution of shifting their units to other areas in the country.Over 140 industrial associations convened a meeting in the city recently todiscuss the various problems faced by them. Balasundaram, a member of theTamil Nadu Power Consumers Joint Association, said units are being forced torun without power and are facing a crisis situation in the state.

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Sivaganga focuses on clusters, skill development

An industrial profile of Tamil Nadu’s Sivaganga district says the developmentplan for the district includes initiatives to support the growth of SMEs, such asmore cluster-specific allocations, support for skill development at the unit level,capacity-building, business incubation in selective engineering colleges andpolytechnics, and creation of more techno-entrepreneurs. The plan envisionslinkages between SMEs and research and development (R&D) institutions,government support for venture capital providers for high-end R&D-based start-ups, and creation of a technology bank in the district.

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Orissa

Separate Corporation under MSME demanded

Entrepreneurs in the micro, small and medium enterprise (MSME) sectorrecently called upon the State Government to form a separate corporation underthe MSME Department that will specifically cater to their needs. A dedicatedregulatory and facilitation body for the MSME sector has become imperative asthe IDCO has deviated from its avowed objectives of working for MSME sectorand focused all its efforts on the large industries and profit-making, theyalleged.

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Uttarakhand

SMEs generate more jobs in U'khand than large players

When it comes to employmentgeneration, the Micro, Small andMedium Enterprises (MSME) sector is aclear winner in Uttarakhand, ascompared to large companies. ThoughTata Motors, Ashok Leyland, HeroMotocorp, Hindustan Unilever and otherleading large companies have investedheavily in the hill state over the past few

years, the jobs have been generated mainly by the MSME sector, a new report bythe department of industries has revealed.

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West Bengal

Investors see West Bengal bonds as risky: RBI

Reserve Bank of India governor Duvvuri Subbarao said West Bengal's financialcondition is tight before he stepped in the Writers' Buildings to meet chiefminister Mamata Banerjee recently. The meeting was arranged hurriedly by thestate government as the CM's refusal to meet the governor had sent wrongsignals to investors. "Public finance in West Bengal is tight," Subbarao said. "Itis tighter than many other states," he said while interacting with the media atRBI's local head office.

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UK

SME's welcome measures to stimulate growth

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Measures announced in the Autumn statement to boost SMEs and spureconomic growth should provide much needed seasonal cheer, say businessorganisations. Some of the measures Chancellor George Osborne announcedinclude extending the small business rates relief scheme to April 2014. This willmean 350,000 businesses nationally will pay no business rates until 2014. Healso announced a one per cent reduction in corporation tax to 21 per cent and anew business bank intended to help lending to SMEs and UK business and willprovide it with £1bn of extra capital.

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Indonesia

Empowering Indonesian women

Blair is the founder of the Cherie Blair Foundation for Women, a foundation thatprovides support for entrepreneurial efforts by women in developing countriesthrough capacity- and capital-building projects. The foundation runs a mobiletechnology programme, which aims to create economic opportunities forwomen entrepreneurs through the use of mobile phones and services.

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UAE

Dubai SME and NASDAQ Dubai sign agreement

SME, the agency of the Department of Economic Development (DED)mandated to develop the small and medium enterprise (SME) sector, andNASDAQ Dubai, the region’s international exchange recently signed anagreement to guide SMEs towards suitable financing options to fund theirgrowth, including carrying out an initial public offering (IPO). The agreementunderlines the commitment of Dubai SME and NASDAQ Dubai to promotingthe expansion of high-quality SMEs, whose potential for rapid growth is set toplay a critical role in the continuing expansion of Dubai’s economy.

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China

APEC economies vow to boost SME development

Small- and medium- sized enterprises have contributed more than 50 percentto China's annual economic growth over the past years. And yet, the globaleconomic crisis is putting the squeeze on the profitability and overall outlook forSMEs, especially in the foreign trade sector. The 2012 APEC SME Summitwrapped up in Chengmai in China's island province of Hainan recently.Participants are vowing to step up their cooperation and meet the challengesahead.

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Write and Win prize!

Write your comments on the FISME Factor. Share your views and suggestionson MSME issues. Win prize! The best mail will get a special book every fortnight.send mail to: newsletter@fisme.org.in

Business Opportunities for India in Turkey

There are business opportunities available for Indian companies in Turkey. Theinterested candidates can check details.

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Business Opportunities for India in Canada

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There are business opportunities available for Indian companies in Canada.The interested candidates can check details.

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3 new members join FISME

During the period from December 1 to December 15, 2012 a total of 3 newMSMEs became members of FISME.

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