Introduction

India is set to emerge as the world's 5th largest economy in 2028 and will be overtaking Britain and France mentioned in the report announced by Centre for Economics and Business Research. To make India as the emerging economy, the important role will be played by Indian SMEs, which contributes large employment, Industrial production, exports and creating new entrepreneurship. Despite of many issues and hurdles, SMEs are growing and putting efforts for industrial activities and even though infrastructural deficiencies and challenges like flow of institutional credit and inadequate market linkages, this sector has registered remarkable success with regard to increase in number, quantum of investment, scale of production and overall contribution to national GDP.

SMEs have witnessed a significant progress in terms of growth achieved growth rate of the Indian SMEs was 11% every year till 2010-11. The highest growth in the last 5 years was recorded during 2011-12 (18.45%) whereas during year 2012 -13 and 2013-14, the growth rate was around 14% and 12%, respectively. Nearly, 1500 lakh people were employed in the SMEs. Flourishing amidst a challenging environment, the SMEs of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, major impetus is being given to strengthen the backbone of our economy - the SME sector. Comprehending the significance of the SME sector vis-a-vis lending numbers to the job market, contribution to GDP and fostering entrepreneurship and innovation, numerous initiatives by our current government have been the highpoints. SME will play very important role to make India to be the world's third-largest economy by 2032.

About The Conference

Despite the pivotal role and strategic importance in the context of industrial development and economic growth of the country, the MSME sector experiences several constraints and challenges. Several key issues remain to be addressed properly and measures yet to be taken in the interest of sustainable industrial development. This Conference on Policy planning of SME sector have identified some key issues such as facing problem of delayed payments from their buyers which adversely impacts their working capital, lack of adequate credit and capital, technological obsolescence, dilatory and cumbersome regulatory practices for clearance and poor adaptability to emerging international trends. The roadmap for SME development should include a target for increase in the share of their contribution from the present 8% to 15% by 2020, a substantial increase in generation of employment avenues up to 50%, an enhancement in MSME contribution in the key public and private industry sector by meeting the growing domestic demand, indigenization and important substitution.

Partners


SUPPORT SERVICES TO SMEs

SME Chamber of India has been providing support & guidance for the growth of SMEs for last 25 years for identifying emerging business opportunities, investment and export opportunities for manufacturing and other sectors. The Chamber will also support the manufacturing SMEs for international cooperation, joint ventures, technology transfers, contract manufacturing, marketing, distributorship, advanced technology, identifying investors and business partners in various fields.

Date

28th April, 2018

Location

Hotel Sofitel, Mumbai

Delegates

500

Speakers

30
Event Location
  • smechamber@gmail.com
  • iitcinfo@vsnl.net
  • Venue: Sofitel Mumbai BKC

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