Page 44 - Plastcs News August 2017

FEATurES

Summary report

Assocham summit on 'Digitizing msmes – the way forward'

Mr. Raja m. Shah attended assocjham summit on “digitizing 2. Why the Banks keep the decisions pending? Banks
msmes – the way forward” on 20th april 2017 Mumbai. should give decision within 7 days – YES / No

It was high level summit, empathizing how digitalizing 3. Rate of interest for MSMEs from Nationalised Banks
will accelerate growth of msmes. Information technology should be common. RBI base Rate is fixed. Which is
has become necessary to msmes for successful business. at present around 6.90%. Why Banks charge 11.50%
Erp – enterprise resources planning is now basis to remain to 13.50% RoI should be based rate of RBI plus 2.5%
competitive. at the most.
A) IMPORTANT PLUS POINTS OF DIGITALIZING BRIEF:

1. Digital payments are simpler Summit had 5 Expert Speakers and 12 Panelists.
Discussions / questions and explanations along with
2. Payment shall drive consumption
presentations by Speakers were excellent. Presentation by
3. Develop Eco-system to accelerate consumer’s needs Mr. Jyoti Prakash Gadia, Co-Chairman, MSME Development

4. Exploit next Generation Technology to meet Council, ASSOCHAM & Managing Director, Resurgent India
customer’s needs. Ltd. Mr. Gadia presented a few case studies about various
aspects of MSMEs. His views very well appreciated by all
5. You have Smart Phones – create Smart Business – it is the delegates.
in your hands.
other issues like Cloud Seeding, Digital Financing, Smart
6. Shape your future yourself. Business at Smart Phone, rehabilitation of sick units and
B) EFFECTS OF DEMONETIZATION & MSMEs various points of MSMEs well discussed and explained by
12 Panelists.
1. Liquidity in Form of cancelled currency has dried up.

2. SME shall invest in self Development, improvement
in technology, and increase in profitability.

3. Spiral effect on improvement of economy – pay tax
and scale up.

4. Medium size has easy ride but tiny and micro are
terrible shape

5. Expansion in gradual process with new taxation and
various benefits for MSMEs.

6. With GST Effect shortly, it shall improve with various
benefits.
C) GOOD NEWS Mr. R.B. Gupte, Director, DI Mumbai, presented various

Smt. Surekha Marandi – Executive Director, Reserve Bank of Portals, Apps, e-office, designed by Government of India to
India had discussed the problems of MSMEs about financial benefit MSMEs. He had excellent PPT presentation inviting
assistance to MSMEs. She is in favour that a common loan delegates to search the details on the website of MSME.
application form of a few pages should be available online. CONCLUSION:
AIPMA had presented queries for MSME. All relevant topics of MSMEs were covered having actual
1. MSMEs Submit loan applications and even after 3 case study presentations. Such Summit should be
months, they do not know their future, whether loan regularly arranged and attended by MSMEs to enhance
is approved or not. their knowledge.

Plastics News | August 2017 44