Page 14 - Plastics News August 2019

AIPMA AT WORK

AIPMA MSME Financial Conclave 2019

he All India Plastics Manufacturers ‘Association had bilateral trade of UAE with India is expected to reach 100
Torganized a Financial Conclave on 26 July 2019 at Billion USD by 2020. In conclusion he said that the global
Hotel Taj Santacruz - Mumbai. The event was sponsored trade is no longer a luxury for SMEs, it’s a necessity they
by Financial Institutions – InCred, Emirates NBD, Kotak shouldn’t ignore and both the government and private
Mahindra Bank, SMERA Credit Rating Agency and Bank sectors need to play a big and active role in helping our
of Baroda and Some Major Plastic Parks - MP Plastic SMEs realize their true potential and help India become
Park, Assam Plastic Park and Paradeep Plastic Park. The an economic superpower. The audience was keen to
conclave was attended by 200 entrepreneurs from the know more and started asking questions as soon as his
Plastic Industry. presentation was done.

Registration started at 9am and the Mr. P Chaterjee our speaker from Madhya Pradesh Plastic
programme began at 9.45am with Park spoke on the Investment Opportunity in MP Plastic
a welcome speech by our President Park. He pointed out the easy connectivity to the National
Mr. Meela Jayadev. Highway. Incentives for MSME were highlighted by him,
Investment Promotion Assistance @ 40%. Contribution
Our Governing Council Chairman –
Mr. Arvind Mehta gave the Introduction as CPF reimbursement, Rs.1000/- per employee for a
and shared a few key notes with SHULRG RI \HDUV XS WR 5V ODNK ,62 FHUWLÀFDWLRQ FKDUJHV
the assembled guests. He further reimbursement @50% up to Rs.3 lac. Patent charges
elaborated about growth potential of reimbursement up to Rs.5 lakh. Investment subsidy for
plastic industry and How MSMEs of Plastic Industry will establishing ETP @ 50% with a maximum limit of 25 lakh.
contribute to create a USD 5 Trillion Economy. Exemption from Electricity Duty
Bank of Baroda the only Public Sector Unit that was
The Chief Guest Dr. Arun Kumar Panda IAS – Secretary –
MSME sent us his best wishes for a successful event. The represented by Sushil Kumar spoke on varied topics
Guest of Honor Dr. PGS Rao – Director DCPC, spoke about related to banking and also introduced themselves as
Government initiative and growth of Plastic Industry. 112 year old bank with a modern and contemporary
personality. The Speaker Mr. Sushil Kumar spoke that the
Shri Vaman Parekh Co-founder and Promoter of Nilkamal, MSME sector is crucial for the success of national agenda
due to unfortunate circumstances could not attend. RI ÀQDQFLDO LQFOXVLRQ DQG VRFLDO UHVSRQVLELOLW\ +H IXUWKHU

Shri Vallabh Kabra – Chairman Kolsite Group of Companies pointed out that Bank of Baroda has a varied range
gave an insight about bottleneck faced by Industry for fund of products for the MSMEs and they have taken many
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of Value Chain based lending.
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and answer session, before breaking up for lunch.The
Mr. Hemant Kumar – Speaker of Incred (NBFC) Spoke on Second Business session was convened by Mr. Raju Desai.
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working capital need and a tool to fund the future of The presentation of Kotak Mahindra Bank was on
060(µ +H SRLQWHG RXW WKH KXUGOHV WKDW DQ 60( IDFHV LQ Transaction – Trends and technologies, the speaker was
availing funding and issues that arise from traditional Dr. Rajkumar Chhajwani. He summarized the Basics of
Banking as Access, Products and Infrastructure. He further
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Supply Chain Finance where it is a win- win for all parties pointed out the expectations people have from the banks
involved. and the challenges they face. He concluded with what
Kotak Mahindra Bank can do for you.
Mr. Sethuraman Sathappan Speaker of Emirates NBD (The
International Bank in our list) had a very invigorating SMERA Gradings & Ratings speaker Mr. Sankar Charaborty,
presentation on - Trade Financing for SMEs in India for spoke of how Credit Ratings can affect the SMEs looking
trade with MENAT region (Gulf). He explained how the for a loan from any financial institution and how

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