Session on Make In India by FIEO Ludhiana

Ludhiana, August 24, 2016: Federation of Indian Export Organisation Ludhiana Chapter organised an Interactive Session on Make In India- Promotion of Medium & Small Industries with an objective to sensitise Ludhiana Industry members & exporters on various new schemes launched by Govt of India under Prime Minister’s most ambitious initiative- Make In India.
Mr Manoj Sharma, Assistant Director, MSME Development Institute Ludhiana, Mr Anand Srivastava, Regional General Manager, SIDBI Chandigarh Regional Office & Mr Vinod Hari, Branch Manager, ECGC India Limited were the key guests who interacted with participating delegates on recently launched Govt of India’s schemes facilitated by various govt departments.

Mr Manoj Sharma, Assistant Director, MSME Development Institute Ludhiana while addressing the participants said that, “The MSME-DI, Ludhiana provides Technical Consultancy Services, techno-managerial assistance, training as well as common facility services etc. for the development of existing and new micro, small & medium enterprises located in all the 20 districts of Punjab. We are implementing various programmes and schemes on behalf of Govt. of India for making the Indian MSME’s globally competitive. We facilitates services like MSE Cluster Development Programme, Reimbursement scheme for ISO-9000 / 14001 / HACCP Certification, Participation in International Trade Fairs; Marketing, Marketing Assistance and Technology Up-gradation Scheme. Our department also provide handholding to address issues faced by manufacturers by making them competitive through Quality Management Standards (QMS) and Quality Technology Tools (QTT) via various GOI schemes. In a city like Ludhiana more & more companies should opt for Lean Manufacturing strategies as these are not only cost effective but also are profitable for organization and help in developing a superior execution culture. We at MSME Department also encourage ambitious people to opt for entrepreneurship by providing necessary guidance both for business development as well as for technical aspects.

Mr Vinod Hari, Branch Manager, Export Credit Guarantee Corporation (ECGC) of India Limited while sharing his views said that, “India is the fastest growing economy in the world, according to recently gathered data. In past five years, India's export amount has risen by 44 percent. India's total GDP has accumulated to more than 7.9 trillion dollars during the FY 2014-15 year. Not only this, exports contribute around four percent to India's gross economic output and is expected to increase more in the years to come. The contribution by MSME‘s of India is indeed vital for the GDP of country and more and more companies should upgrade themselves to compete globally”.

He also added that, “ECGC India Limited encourages exports by Indian companies by providing Credit Risk Insurance and related services for their exports. ECGC functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community. Over the years it has designed different export credit risk insurance products to suit the requirements of Indian exporters and commercial banks extending export credit. ECGC is essentially an export promotion organization, seeking to improve the competitiveness of the Indian exporters by providing them with credit insurance covers”.

Mr Anand Srivastava, Regional General Manager, Small Industries & Development Bank of India (SIDBI), Chandigarh while interacting said that, “The Make in India initiative was a timely response to a critical situation arised a couple of years back, when other much-hyped emerging markets pushed India’s growth rate drastically to its lowest level. It was a powerful, galvanising call for action for Indian citizens and business leaders. It represents a comprehensive and unprecedented overhaul of out-dated processes and policies. Most importantly, it represents a complete change of the Government mind-set of issuing authority to business partners, with a theme of ‘Minimum Government, Maximum Governance’. SIDBI aligns its role with the Make in India and understand the importance and capability of Indian MSME’s. SIDBI business domain consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports. Our objective is to facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system".

The session received a very positive response from guests and participants as it was joined by more than 40 delegate from prominent organizations from region.