Hyderabad: India’s largest Small & Medium Business Movement, forayed into Hyderabad by hosting a seminar on ‘Accelerating Business Using Technology’ at The Park Hotel.
Chief Guest Sri SK Joshi, Chief Secretary, Government of Telangana, formally launched The India SME Forum – Telangana Chapter, at the inaugural program.
Eminent speakers including the renowned Branding & Marketing Guru, Mr C Chandrashekhar Reddy, Director, NIMSME; Mr Ravinder Bhan, Trustee, India SME Forum; Mr Vinod Kumar, a Venture Funding, Financing & Branding expert at India SME and Ms Hema Jain, CEO, Crux Management Services & President, The India SME Forum – Telangana Chapter; enlightened the audience on the finer aspects to efficiently manage their enterprises using technology, enhancing their visibility by leveraging branding and the critical issues related to compliance, besides mentoring sessions. Over 300 MSME delegates from all over Telangana attended the seminar.
Chief Guest Sri SK Joshi said “In a country as India people looked towards a traditional model of development, where people used to look for the jobs, perhaps it is not sustainable because of the diversity and our numbers. So the best opportunity is to encourage entrepreneurs and for that nothing can be better than small and medium enterprises. My batchmate, Mr. Chandrashekhar Reddy is doing a wonderful job in giving impetus to SMEs, as far as Telangana is concerned, in the Southern Region. Today, we are developing entrepreneurs who are the future of the country, it is very heartening that technology giant Intel has taken the initiative to mentor them. Because we have the best human resources coupled with the best brains anywhere in the world, it is the right time for India to establish itself in the world.”
Though internet penetration has improved in areas where MSMEs are most prevalent in India, many of these businesses are still running in an informal manner without being registered, and thus cannot utilize the latest tech and software solutions that are being offered to registered MSMEs. Successful SMEs in developed markets and all over the world have adopted technology for higher productivity, better customer experiences and for scaling up their operations and presence, ensuring sustainable growth and profits. To bridge this lacuna in the Country’s MSME sector and sensitize the segment, a national initiative ‘Accelerating Business Using Technology’, was launched by India SME Forum, with Hyderabad Chapter hosting the maiden lecture series, which will be followed by similar seminars across the country.
Speaking on the occasion Mr. Vinod Kumar, President, India SME Forum, stated, “The scale of digital transformation this country presents is tremendous and Greater digitization of MSMEs has the potential to triple the MSME sectors GDP contribution (from the current 8% share), heighten employment opportunities for India’s growing workforce and boost overall economic growth. India SME Forum is committed to taking global best practices and solutions to all the progressive MSMEs of India and we are thankful for the support of the Ministry of MSME and Intel. We are starting our journey with Gujarat, knowing fully well that MSMEs here, are extremely open to implementing New technologies, Solutions, and Tools for boosting profits and growth.”