IndiaMART.com Triggers Global Growth Prospects for SMEs

Business Standard,

– In association with TiE organises SME Conference 2011 on “Going Beyond India — Competing in a Globalized Economy”
– Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com says competitive & resilient SMEs are quintessential for economic growth
– Prof. Suresh Tendulkar shares macro perspective on enhancing global competitiveness in SMEs
– Hon’ble Secretary Ministry of MSMEs Mr. Uday Kumar Varma says the new decade belongs to SMEs
– Packed hall acclaims the Conference

“It is time for Indian Small and Medium Enterprises (SMEs) to go beyond India, explore ‘Bharat’.” This statement by Professor Suresh Tendulkar gave a whole new dimension to the SME Conference 2011 organised by IndiaMART.com in association with TiE Delhi NCR recently at Hotel Sheraton, New Delhi. This year’s Conference was centered around the theme of “Going Beyond India – Competing in a Globalized Economy”, underlining critical elements which vitalize SMEs for global competitiveness. Presence of dignitaries from various fields such as Mr. Uday Kumar Verma, Honourable Secretary, Ministry of MSME; Prof. Suresh Tendulkar, Chairman, Indian SME Knowledge Forum, Director, Central Board of RBI & Former Chairman, Economic Advisory Council to PM; Mr. Pradeep Gupta, Chairman & Managing Director, CyberMedia Group; Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com; Mr. Pavan Vaish, CEO, IBM Global Services; Mr. Brijesh Agrawal, COO, IndiaMART.com; Mr. Ajay K Koul, Vice President – Business Alliances, FIIT JEE among sever l others multiplied the significance of the Conference.

Opening the session with his encouraging words, Mr. Dinesh Agarwal, welcomed the distinguished guests. Reiterating on the important role of SMEs in the growth and development of the economy, he said, “Our SMEs have created immense employment opportunities for over 60 million people in the country. They account for approximately 45% of the manufacturing output and 40% of the total exports of the country. Certainly huge numbers but still leave a lot of room to achieve their full potential. These figures can grow manifolds if they possess competitive advantage over their counterparts in global markets.” He added, “At IndiaMART.com, we believe globally competitive and resilient SMEs are quintessential for further growth and development process of the Indian economy. Our association with TiE for the SME Conference is a step towards readying the Indian SMEs with such competitiveness.”

Chaired by Mr. Pradeep Gupta, the inaugural session saw Mr. Suresh Tendulkar share macro perspective on making SMEs competitive in today’s globalised economy. He said, “Being globally competitive depends upon SMEs’ ability to take up challenges and tackle them.” He also highlighted that developed countries have aging population while developing nations have a working population and added, “In the coming times, growth rate in emerging markets will be much higher as compared to developed economies.” He concluded by bringing focus back to the country, saying, “Competitiveness needs to be built not only global markets but also for domestic. It is time for Indian SMEs to go beyond India, explore ‘Bharat’.”

Upbeat about the growth of the MSMEs in the times to come, Mr. Uday Kumar Verma, said, “I am extremely happy and privileged to share my thoughts here… Of late, MSMEs are getting lot of attention. The decade which has started rightfully belongs to them. We need to aggressively push their agenda.” He also elaborated on the challenges that prevailed in this sector such as credit, technology, infrastructure, marketing and skill development.”

The next session focused on ‘SMEs – Expanding your horizon (setting up for a globalised economy)’. While Mr. Mritunjay Kapur, Country Managing Director, chaired the second session on ‘SMEs – Expanding Your Horizon (Setting up for a Globalised Economy)’, Mr. Pavan Vaish, CEO, IBM Daksh Business Process Services, talked about the importance of operational excellence and a strong value system in a business as prerequisites to take one’s business to a global level. The other eminent speaker Mr. Somenath Ghosh, Chairman & Managing Director, NRDC also presented his views.

Another session ‘Scaling up – Practitioner’s Perspective’ chaired by Mr. R. Narayan, CEO, Denave India Pvt. Ltd. proved to be truly insightful and interactive session for the audience where Mr. Brijesh Agrawal and Mr. Ajay Koul shared their business perspectives. From the mindset of an entrepreneur, market identification & development, technology, conviction of the team in the business idea & entrepreneur, product positioning, customer retention to creating & sharing wealth, the session dealt with every critical factor involved in scaling up of small businesses.

Other important sessions were: ‘My Story Session’ chaired by Mr. Ketan Dewan, Managing Director, KRD Vision, with Mr. Kunwer Sachdev, CEO, Su-Kam Power Systems Ltd. and Mr. Ashwani Chawla, Founder, Catmoss Retail Ltd. sharing their success stories; ‘Building an innovation culture – Leveraging Technology, products & IP to Enhance Global Competitiveness’ chaired by Mr. Vinod Sood, Managing Director, Hughes Systique Pvt.Ltd.; and ‘Funding – Debt vs equity- whats the best option for me?’ chaired by Ms. Kalpana Jain, Senior Director, Deloitte Touche Tohmatsu India Ltd.

Each session had an enthusiastic audience which posed different questions to the panelists. The Conference was hugely successful and was able to address the issues which concern SME competitivess at a global level. IndiaMART.com will continue to partner itself with such endeavours that will aid in enhancing growth prospects for the SMEs.

Read more at www.business-standard.com