New Delhi: Experts from the fields of banking, finance, information technology and trade will be converging at Mint SME Vision 2010 – Solutions & Strategies, a summit for the micro and small enterprises in the country.
The summit, which is being organized by the Hindustan Times Group with Livemint.com as online partner, will be held in Delhi on 22 January, Ludhiana (24 January) and Mumbai (30 January).
Cisco, Microsoft Dynamics and Dena Bank are the principal sponsors, while tradeindia.com and Zee Business are associate partners. The event is also being suported by the SME Rating Agency of India Ltd.
The summit would address the current state of affairs in the sector, growth patterns, future trends and provide solutions to the growing SMEs with a turnover ranging between Rs20-60 crore ($5-15 million).
The topics of discussion would range from policy matters to the information & communication technologies to the new financial tools being offered to the SME sector.
Speakers at the summit include Additional Secretary & development Commissioner for MSMEs, Jawahar Sircar; vice-president (SMB), Cisco India & SAARC, Amit Malik; Founder & CEO of tradeindia.com, Bikky Khosla; CEO of SMERA, Rajesh Dubey; director, MBD, Microsoft India, Sushant Dwivedy; GM-credit, Dena Bank, U.S. Poojary, among others.
Companies from IT, Finance, Communication, among other fields, are targeting this sector and are providing customized solutions to the growing needs of developing SMEs.
The attendees would be entrepreneurs and decision makers from SMEs with a turnover, spread over different verticals such as manufacturing, pharma & healthcare, textile, garments, electronics & electrical goods, automobile & ancillary units, paper & plastic materials, office furniture and household articles.
MSEs play a pivotal role in the overall industrial economy of the country. In terms of value, the sector is estimated to account for 39% of the manufacturing output and 33% of total exports.
The sector employs an estimated 31 million persons spread over 12.8 million enterprises and the labour intensity in the MSE sector is estimated to be 4 times higher than that of large enterprises.