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.

This Conference will review the current economic scenario of India and SME sector and deliberate on the various parameters for Strengthening SMEs for better Business Growth as well as to compete with challenges in the era of “Make-In-India”. This will also evaluate the economic situation of SMEs, post demonetisation and implementation of GST.

SMEs are eagerly expecting transformation and policy change related to National SME Policy & role of various State Governments, change of SME Definition, rigorous Company Act, stringent Labour Laws, change of NPA Definition, Advantage of Bankruptcy & Insolvency Act, Reasonable Rate of Interest for finance, Better Procurement Policy & Implementation Strategies in Government PSUs & Private sector, Export Promotion Strategies, on time Trade Receivables, Competitive Price for Industrial Land, High cost of Electricity, GST formalities and rates, Banking Services, advantages & benefits towards generation of Employment & New Entrepreneurship.

This Conference will define the Strategies and Policy for Government Agencies and other Stake Holders for improvement of economic growth of SMEs for Nation’s prosperity as well as to make India to be the world's third-largest economy by 2032. This will accomplish the unique mantra of Hon’ble Prime Minister – Reform, Perform & Transform which is also applicable to various Stake Holders including SME sector.