Tag: SMEStreet

SMEStreet GameChangers Forum 2022 to be Inaugurated on World MSME Day

While the nation is celebrating Azadi ka Amrit Mahotsav this year, this World MSME Day, We are excited to bring this year’s season of SMEStreet Game Changers Forum. As you know, we, at SMEStreet is working in the area of MSMEs’ upliftment and development since 2014. Our aim is to ensure an optimised contribution of MSMEs in developing the Economy. This year, the core theme of SMEStreet Game Changers Forum 2022 is acknowledging the Role of MSMEs in chasing the Target of 5 Trillion Dollar Economy.

In this bid, we are conducting the inaugural webinar of the SMEStreet GameChnagers Forum 2022 on June 27th 2022 at 4:30 PM. These webinars will focus on highlighting opportunities for MSMEs which can help MSMEs maximise their Contribution to the Chase of 5 Trillion Dollar Economy Target.Chief Guest of the Inaugural Session of SMEStreet GameChangers Forum 2022 will be Shri BB Swain, Secretary, MSME Ministry, Government of India. He will speak on his ministry’s vision and plan for Indian MSMEs in achieving next-level economic growth and build a strong momentum towards PM Shri Narendra Modi’s Vision of India, which is an economic leader for the world and becoming a 5 Trillion Dollar Economy.

And we at SMEStreet are committed to making the best out of every single opportunity to recognise the MSMEs’ Potential and contribute in making the MSME ecosystem proactively for MSME Development through knowledge sharing.

“MSMEs in India are at a very critical period. We have witnessed which we never wanted to see in our lives in the COVID era. But, now, the demand of the time is to look beyond the challenges and move ahead. Explore opportunities and evaluate every single possibility which can make your business a better one. With this initiative we aim to highlight and acknowledge contemporary trends and opportunities that are existing for the MSME sector. The entire activity of SMEStreet Game Changers 2022 will add to the previous two-years of game changing activity for bringing a positive curve into MSMEs’ growth story,” says Faiz Askari, Founder and Editor of SMEStreet.

SMEStreet GameChangers Forum 2022

The Forum is aimed to highlight, showcase and recognize the potential of the Indian MSMEs and for the Indian MSMEs. An interactive showcase of knowledge and networking for MSMEs will emphasize opportunities and explain the roadmap to achieve those opportunities.

In this initiative, we will highlight and showcase opportunities for MSMEs to explore growth which will not just transform their respective businesses but also make their contribution in making India- A Truly a World Leading Nation from the perspective of MSMEs Landscape.

Key Supporting Agencies and Organizations

  • Ministry of MSME, Govt of India
  • NSIC
  • Entrepreneurship Development Institute of India, Ahmedabad
  • Lexcomply
  • SMEStreet Foundation
  • Almond-Virtex

Global Organizations Supporting SMEStreet GameChangers 2022

  • UNISMO, Bahrain
  • AASGON, Africa- Europe
  • United Nations Global Compact
  • GGIS, United Kingdom

Key Activities at SMEStreet GameChangers Forum 2022

  • Series of Webinars
  • SMEStreet Report: Industry 4.0 Among Indian MSMEs
  • Podcasts
  • Thought-Provoking Articles
  • MSME Success Stories
  • Opportunity Showcase for Startups

The Impact

Over 3.5 Million CXOs from MSMEs are expected to witness this event series through various digital media platforms including SMEStreet.in

Live Streaming on SMEStreet.in

Facebook – facebook.com/smestreet.in

Youtube – SMEStreet ViewPoint

Social Media Broadcast at
1600 Hrs (4:30 PM IST) on

Monday, June 27th 2022

About SMEStreet GameChangers Forum 2021

Started in 2020 after the COVID outbreak, SMEStreet GameChangers Forum is a campaign to recognise the influencers who contributed a strong, proactive and smart strategy in pursuit of growth. SMEStreet featured SMEStreet GameChangers 2020 List naming Union Minister MSME, Shri Nitin J Gadkari And UP’s MSME Minister Shri Siddharth Nath Singh among India’s key influencers (GameChangers) who contributed significantly in transforming the pandemic crisis into an opportunity for MSMEs to fightback from COVID.

The SMEStreet GameChangers Forum 2021 witnessed Union Minister, Hon’ble Shri Nitin J Gadkari as the Chief Guest and Governor of Kerala, Hon’ble Shri Arif Mohammad Khan as the Guest of Honour of the SMEStreet GameChangers Forum 2021 on June 19th 2021.

The list of personalities includes Shri Nitin Gadkari, MSME Minister, Govt. of India, Shri Siddharth Nath Singh, MSME Minister for Uttar Pradesh Govt., Mr. Vinai K Saxena Chairman of KVIC/ (Now Lt. Governor of Delhi), Shri Abhishek Singh, CEO MyGov, Mr. Nikhil Arora Managing Director of GoDaddy, Shri Arun Kumar Jha, DG NPC and Mr. Tejas Goenka of Tally Solutions are among top listed Game Changers of SMEStreet GameChanger 2020 List.

About the Inaugural of SMEStreet GameChangers Forum 2021

SMEStreet GameChangers Forum Inaugural Session on June 15 2021

Key Highlights of the Inaugural Session of SMEStreet GameChangers Forum

  • Union MSME Minister, Hon’ble Shri Nitin Gadkari delivered Special Keynote Session
  • Governor of Kerala, Hon’ble Shri Arif Mohammad Khan delivered a Special Inaugural Address on MSME Entrepreneur Motivation.
  • Shri BB Swain, Secretary MSME participated and delivered his vision & Plan for MSME development.
  • Union Minister Shri Nitin Gadkari made a remarkable Announcement of Easing out the MSME Registration Process at the SMEStreet GameChangers Forum.
  • Distinguished Industry Leaders Participated in the Event.

Youtube Link: youtu.be/2t99VxqGgyEAbout SMEStreet

Started in 2014, SMEStreet is an ecosystem for MSMEs and Startups which are aiming to grow to the next level. This knowledge driven platform is beyond just a media, it aims to highlight opportunities that are existing for small businesses and it also provides a guided approach for MSMEs to chase and capitalize those opportunities.

For more information, contact:
Faiz@smestreet.in+91-9871762630

SMEStreet and Tally Solutions Join Hands for National Productivity Day’s Exclusive Webinar on Industry 4.0

SMEStreet along with Tally Solutions organized a webinar on the 12th of Februrary,2022 to mark the occasion of National Productivity Day, on the theme Industry 4.0 – Journey Ahead for MSMEs.

The National Productivity Day is a part of the National Productivity Week observed from 12th-18th February every year in the country by the National Productivity Council under the Ministry of Commerce and Industry.

In light of the National Productivity Day that aims to highlight the importance of productivity, efficiency and innovation across different sectors of the economy so as to augment the economic growth of the country altogether, the focus of the webinar essentially revolved around understanding of Industry 4.0 and the kind of opportunities it brings to the table for the MSMEs particularly.

The webinar saw the presence of distinguished panelists who articulated their ingenious perspectives on various aspects of Industry 4.0 and the roadmap for MSMEs to navigate the same and equip themselves for the future.

Mr. BB Swain, Secretary, MSME Ministry, shed light on the enormous significance that technology holds as a means to drive the MSME sector and the digitization of manufacturing process therein. He also highlighted various schemes and measures undertaken by the Ministry to promote the integration of the essentials of industry 4.0 amongst MSMEs. The ministry is working on schemes still under discussion that are primarily concerned with providing necessary support and information to MSMEs regarding registration, access to credit and technology and to all related activities which can enhance their performance quality. “The ministry has been running several seminars, workshops and trainings to create awareness and familiarization of M2M, IoT, AI, etc. through its various technology centres.”

Mr. Swain also added, “The Ministry of MSME is working with clusters and associations to assess ground level requirements. Among such endeavours is one of getting in place an IoT readiness index; it’ll be a diagnostic study to assess the appetite and acceptability. Once available, the necessary and customized intervention will be provided.”

Moreover, Mr. Swain elaborated on the endeavours of the Ministry like the Champions portal to curtail the ordeal faced by MSMEs post the onset of the pandemic, especially the micro industries that were impacted the most. The Champions Portal was set up to address the grievances of MSMEs about 15 per cent of which were technology related which in turn affirmed the receptiveness of the sector to technology and Industry 4.0 by and large.

Complete Recording of the Webinar

There exist a multitude of challenges that the MSME sector has to endure so as to sustain in the market and M. S. Ravi, Ex Chairman, BSE India, rightly elaborated on some of the key components that either make or break the MSMEs namely, Efficient business model, Equity and working capital, Operating costs, Ability to bear shocks and lastly an Efficient credit cycle.

Stressing on the relevance of incorporating technology into MSMEs to optimise productivity, M. Ravi said, “The operating costs can be reduced by 5-7 per cent through technology. Technology doesn’t come easy; we have to have a shared platform for common industries so that at least the technology costs can come down.” In addition, M. Ravi opined that the exorbitant compliance costs like GST, tax, etc. can also be reduced by a sizeable amount through the use of adequate technology.

Apart from technology; the ability to constantly adapt to the changing needs of the customers, to be able to engage with them and analyse the changing nuances of the market are all pivotal in fostering innovation amongst MSMEs. “As we look at the culture in addition to the customer, the second important pillar which I think each one of us as we reflect, will recognise, is the need to innovate,” said Mr. Manoj Chugh, Board Member, Mahindra Group. He also added, “As we look at making investments in technology which are very very important, it is also incredibly important to look at reskilling our workforce because if our workforce doesn’t understand how the new world is going to work, we are not going to be successful as an entrepreneur or as a small team which is driving the business.”

Mr. Arun Kumar Jha, Ex Director General, NPC, also gave his insights regarding how industry 4.0 is likely to revolutionize how businesses work in the country in more ways than one and has out and out provided an exponential boost to the country’s economic development through the generation of employment opportunities, foreign exchange by means of export of IT services to other countries so on and so forth.

However, It would be naIve to generalise that all existing entrepreneurs are familiar with ways to navigate the intricacies of technology and the digital ecosystem to operate their businesses. Vedanarayanan Vedantham, Business Head, Razorpay spoke on similar lines that how with the influx of sophisticated digital payment gateway providers such as Razor Pay, the new age start up entrepreneurs belonging to the MSME sector especially, although lack decent levels of financial and digital literacy, yet have been successful at running their businesses seamlessly by virtue of using easy to use digital payment products. He further added, “Digital payments have become democratized and accessible to everybody. It’s no longer elitist, it’s egalitarian. It has become essentially an aam aadmi platform.”

About SMEStreet

SMEStreet.in is South Asia’s leading MSME and startup ecosystem aimed to inform and motivate entrepreneurs to grow more and become more valuable for the economy.

SMEStreet Foundation

Committed for MSME development through various knowledge sharing and awareness-building activities aimed to empower various segments of MSMEs and entrepreneurs. Believing in the lines of nation-building through MSME development.

SMEStreet Partners with Wadhwani Foundation to Support Growth of MSME Sector

The Micro Small and Medium Enterprises (MSME) sector is a hidden gem and critical for accelerating job growth and also GDP growth of the country. It has the potential to create 50-60 million jobs in the next few years. However, today, MSMEs face an existential crisis. Wadhwani Foundation’s flagship program Wadhwani Advantage’s research estimates that close to one-third of the 60-70 million of MSMEs face survival anxiety and a threat of being wiped out. This will render about 10% of our GDP under threat given the impact of COVID-19. This would put to threaten the employment of 30 million people working in these MSMEs. The second wave of COVID has already increased the unemployment rate close to 10%. In 2020, in the first wave, it rose to over 35% at its peak. Additionally, the Advantage program team’s model suggests that the NPA incidence is rising and hovers between 7-35% in the SME segment.

While the situation looks gloomy, the biggest unleveraged advantage that the Indian MSME sector has is the entrepreneurs own willpower to survive and fight back. Indian entrepreneurs are known the world over for being resilient and productive even in adversities. All that is needed in today’s time is to create a spark to ignite positive energies to look beyond the challenges and chase success with the opportunities at hand.

To strengthen their well-being, SMEStreet Foundation with the support from Wadhwani Foundation is proud to announce the launch of SMEStreet GameChangers Forum – a nationwide MSME outreach, education and Opportunity showcase exercise which will motivate entrepreneurs to understand the potential around them. The intention of this initiative is to bring back the fighter spirit among Indian Entrepreneurs by showcasing positivity in the form of promising business opportunities.

On collaborating with Wadhwani Foundation, Mr Faiz Askari, Founder of SMEStreet Foundation said, “This tie up will fetch great results of business growth, learning and empowerment for MSMEs and entrepreneurial development. We are very thankful to the great committed organization – The Wadhwani Foundation which is supporting us from the perspective of their knowledge and expertise”.

This program – SMEStreet GameChangers Forum will engage and influence over 5 Million MSMEs across India. SMEStreet Foundation is excited to start this exercise in association with Wadhwani Foundation. This program will have a deep intervention by the Advantage team at the Foundation to help MSMEs do discoveries and undertake transformations, supported by a series of Webinars, Panel Discussions, Articles and Podcasts all aimed to educate and motivate entrepreneurs. This exercise is an extension of SMEStreet GameChangers Award Listing Initiative which recognized individual success stories that have influenced and encouraged business growth in the tough times of COVID Pandemic

“We are delighted to partner with SMEStreet and help the MSMEs in these times. COVID or no COVID, our job is to empower entrepreneurs, to train them to make sound business decisions with our tools, content, connects on a technology platform ‘Genie’ that opens the world of help to the entrepreneurs. Helping a job creator-MSMEs grow faster is amplifying thousands of family-supporting jobs in India,” says Samir Sathe, EVP, Advantage Program-Wadhwani Foundation.

This program seeks to enable acceleration of some of the neglected areas of the MSME sector in India. The Wadhwani Advantage program provides growth strategy and long-term support to MSMEs to help them grow by 2X-10X by identifying and solving their business challenges. The endeavor is to bring in data-driven problem solving habits and empower them with all-round capabilities for sustainable growth. In India, and globally, it has helped ~1000 SMEs and influenced the 15000 jobs in the last 2 years.

About Wadhwani Foundation

Wadhwani Foundation was founded in 2000 by Dr. Romesh Wadhwani, with the primary mission of accelerating job creation in India and other emerging economies through large-scale initiatives in entrepreneurship, small business growth, innovation, and skilling. The Wadhwani Foundation operates in 20 countries, including India, Southeast Asia (Indonesia, Malaysia, the Philippines), East Africa (Kenya, Uganda, Rwanda), Southern Africa (South Africa, Botswana, Namibia), West Africa (Nigeria, Ghana), Egypt, and Latin America (Mexico, Brazil, Peru, Chile). The Wadhwani Foundation works in partnership with governments, foundations, corporations, and educational institutes.

About SMEStreet

Started as a media platform for MSMEs in 2014, SMEStreet has evolved as a knowledge-sharing focused media platform. In its journey, SMEStreet is dedicated to ad value in the business ecosystem of MSME entrepreneurs, Startups and policymakers who are working in the area of MSME development. In all these years, SMEStreet has received national level and global attention. In 2018, the founder-editor of SMEStreet was invited to participate in the United Nations South-South Global Expo in New York. The Platform – SMEStreet is founded by Faiz Askari who has spent close to two decades in media and various forms of strategic communications. WIth an added aim to work with entrepreneurs and create a guided roadmap for their success, SMEStreet Foundation is created in 2020 with a vision to support Entrepreneurs in their roadmap of business development.

For More
Tabinda Hilal A
9354645130
verticalbusinessmedia@gmail.com

SMEStreet Foundation Unleashes Prestigious SMEStreet GameChangers 2020 List

SMEStreet Foundation is proud to announce the season one of SMEStreet GameChangers Award Listing Series. COVID-19 has emerged as a global challenge, the SMEStreet GameChangers Award Listing initiative is conceptualized to recognize agile and concerned thought leaders who, through their strategies, initiatives and activities, have contributed in restricting pandemic’s impact or helped MSMEs in getting back to business growthpath.

The first list of recipients of SMEStreet GameChangers 2020 includes Hon’ble Union Cabinet Minister, Road & Transport and MSME Ministry, Govt of India, Shri Nitin Gadkari; Hon’ble Cabinet Minister-Industries & MSME, Uttar Pradesh Govt, Shri Siddharth Nath Singh; Shri Vinai K Saxena, Chairman of KVIC; Shri Arun Kumar Jha, Director General, National Productivity Council; Shri Abhishek Singh, CEO MyGov; Shri Nikhil Arora, Managing Director & Vice President, GoDaddy India; Shri Tejas Goenka, Managing Director, Tally Solutions; Dr. Hari Eppanapally, Chairman, Lead India Foundation, NJ, USA; Shri Ajay Thakur, Head BSE -SME, BSE India; and Shri Khalid Wani, Director of Western Digital India.

“The COVID Pandemic has led to greater global cooperation and collaboration especially in the field of medical supplies and vaccine research. In the fight against COVID, MSMEs hold a key role in restoring economic growth and well being of people. MSMEs have been on the front end of an economic recovery plan by all countries, and hence all efforts are aimed to help MSMEs to come back to normal. Policy initiatives like Aatma Nirbhar Bharat, with a strong focus on restoring liquidity, creating jobs, creating markets for products, and creating a facilitating manufacturing ecosystem all have MSMEs at their focal point. I want to congratulate SMEStreet Foundation for taking this initiative to multiply the goodwill impact of leaders who contributed in the fight against the COVID Pandemic,” commented Shri Nitin Gadkari, Hon’ble, Cabinet Minister, MSME Ministry, Govt of India.

Commenting on the recognition and this activity, Shri Siddharth Nath Singh, Cabinet Minister of UP Government for MSMEs commented, “Since the pandemic started, we started our assessments and impacts of this on the economy of the state. Uttar Pradesh has powerful potential from the perspective of small businesses, local artisans and much more. On the other hand, we have also witnessed major reverse migration from other parts of the country. We have worked in ensuring job opportunities for local migrant workers who opted to come back from various places in the country during the lockdown period. We are thankful to the UP Government’s leadership through CM Shri Yogi Adityanath ji in taking all possible measures to enable a support ecosystem for MSMEs and local workforce. I would also like to thank SMEStreet Foundation for taking this initiative to highlight such success stories from across backgrounds.”

“With Pandemic impact, everything suddenly started getting considered for a restart and business activities. This effect has caused a major halt of financial flow among small entrepreneurs and the local artisans. At KVIC we aimed to break this halt and through our various efforts, we aimed to bring back economic revival for such entrepreneurs and artisans. I wish to thank SMEStreet’s team for taking up this venture of GameChangers as this will spread the right message of a strong come-back spirit among Indian job creators,” added Shri Vinai K Saxena, Chairman of KVIC.

Working rigorously on ensuring a strong communication flow around COVID-19, Mr. Abhishek Singh, CEO of MyGov, MeitY, Govt of India congratulated SMEStreet by adding: “Technology has been playing a critical role in ensuring continuation of normalcy and MSMEs are key to reviving our growth story post covid-19. During the Pandemic, ensuring availability of authentic information and fighting fake news and busting myths have been the focus of the communications on COVID19 by MyGov. In this endeavor, the role of MSMEs has been very important and many of them have emerged as true champions of Aatma Nirbhar Bharat. SMEStreet Game Changers recognition by SMEStreet Foundation is a welcome step for our collective work towards ensuring a robust communication stream around COVID awareness.”

“At SMEStreet Foundation, it is our great pleasure to recognize important game-changers who led our society to come out of this crisis of pandemic, which impacted the economy and the entire economic cycle. Industry leaders, policymakers have made a lot of efforts during the last nine months and ensured a support mechanism for their respective business ecosystem,” says Mr. Faiz Askari, Secretary-General and Editor of SMEStreet Foundation & SMEStreet.in. Congratulating all the distinguished listed GameChangers, he mentioned, “I am thankful to all the listed professionals, policymakers and bureaucrats who made their efforts to support their respective business ecosystem in the times when it is needed most.”

SMEStreet.in will publish detailed success stories of listed title recipients of SMEStreet GameChanger 2020. However, the campaign of SMEStreet GameChangers is still on. We are open for more success stories from the corporate world and recommendations from policymakers who inspired positive change in their respective ecosystem of MSMEs in response to COVID 19 Pandemic. You can click here to nominate your recommendation for SMEStreet GameChnagers 2020 Season 1.

Shri S Ravi Founder and Managing Partner of Ravi Ranjan & Co and Ex-Chairman of BSE India commented, “Whatever we witnesses was a lifetime-first experience, and we never wished to see such conditions again. We realized the importance of motivating such motivated leaders as Game Changers who paved this phase with their dedication and professional acumen in emerging as a winner for their organization and society.”

Shri Arun Kumar Jha, Director General of National Productivity Council also expressed his views by saying, “Well we are committed to working towards ensuring the best level ecosystem for professional productivity. Initiatives like SMEStreet GameChangers will create a strong impact on those who are working hard in ensuring the best for their ecosystem, which got impacted during the pandemic. It is like motivating the motivators, which is a noble cause.”

Representing world’s leading digital company which is committed towards taking businesses online, Mr. Nikhil Arora, MD & VP of GoDaddy India congratulated other recipients of this listing and commented, “Today, as the world is experiencing the unprecedented impact of COVID-19, we at GoDaddy stand committed to support India’s dynamic MSME ecosystem. Digital technology has emerged as a key survival mechanism for businesses and we aim to continue providing MSMEs with all the help and tools they need to successfully run their ventures online. In line with the government’s vision to promote local businesses in the country, we have introduced a slew of initiatives throughout the year, like the GoDaddy Academy, product and pricing incentives and even some philanthropic efforts, to help them get back at pace with their business goals. Motivation can often be in short supply, especially during a global pandemic, and we are extremely honoured and humbled to be receiving this award. We also commend the SMEStreet Foundation for their effort in recognizing all the incredible work being done in these challenging times.”

Congratulating the team of SMEStreet Foundation, Mr. Ajay Thakur, Head of BSE-SME, BSE India stated, “Pandemic has created huge challenge for business operations specially for the MSME entrepreneurs, but as we move ahead, we found that MSME Entrepreneurs require more proactive efforts which can help them to avail the stock market listing. Hence we made necessary steps to ease out the pressure of getting into stock market listing during the pandemic days. We are delighted to be part of the SMEStreet GameChangers listing by SMEStreet Foundation.”

Acknowledging SMEStreet GameChangers as a needed initiative, Mr. Khalid Wani, Director- Sales for Western Digital have shared his perspective on Indian SMEs and their potential for bringing back the economy into the growth path, he said, “SMEs play a pivotal role towards shaping the economic progress of a nation and I would like to congratulate SMEStreet for their role towards creation of a robust platform that helps to create a strong engagement and collaborations across various segments and become a catalyst for growth for SMEs.”

“The COVID-19 pandemic has shown us how fragile, yet how resilient we are as a society, and within that we have seen the tremendous spirit of the entrepreneurs in India and across the world to push through to serve and survive. We are blessed to play whatever small part we can to help them in their journey and are thankful to SMEStreet for the role they have played and for this recognition,” says Mr. Tejas Goenka, Managing Director, Tally Solutions while getting listed into SMEStreet GameChangers 2020.

Dr. Hari Eppanapally, Chairman, Lead India Foundation, NJ, USA stated, “I would like to thank the team of SMEStreet for taking this initiative. Recognizing those who have committed their lives in the last few months in doing everything possible to restrict COVID impact, is a noble work in itself.”

SMEStreet GameChangers is an attempt to recognize such individual success stories which have made a significant impact in their respective horizons of business. Success stories of successful COVID Warriors while doing something innovative, something constructive in sustaining business will get showcased here. We can refer to these heroes as COVID warriors of supporting business.

“Only few companies in the pandemic days were able to record miraculous turnarounds by adapting technology, efficient management and quick turnaround time for implementing realtime solutions to problems that dragged many down. At SMEStreet Foundation, we feel obliged and proud to be honouring such GameChangers via this recognition,” commented Mr. Deepu Madhavan, Director Operations and Research at SMEStreet Foundation.

While thanking the distinguished stakeholders of SMEStreet GameChangers initiative, Faiz Askari also said, “We are convinced that to come out from the Pandemic impact MSMEs require a long-term strong movement. I am obliged and thankful to all the distinguished leaders and thinkers who are mentioned above. Their participation has made the start of this campaign very positive and gradually, the Indian economy will bounce back and MSMEs will become the heroes of this success story.”

However, SMEStreet GameChangers will be a nationwide as well as global movement aimed to highlight those leaders, thinkers and heroes who acted smartly and proactively to curb the economic impact of Pandemic and helped MSME ecosystem at any respective level.

About SMEStreet Foundation
Click here: https://smestreet.in/smestreet-foundation

For More:
Tabinda Hilal
9354645130 /foundation@smestreet.in / smestreet.in@gmail.com