Page 14 - Plastics News September 2019

AIPMA AT WORK

of the MSME sector to make it strong, vibrant and globally infrastructure and connectivity. He also mentioned
competitive, to position SIDBI Brand as the preferred and the incentives and exemptions that are provided to
customer-friendly institution and for enhancement of investors. Launched on 8 September 2015, Government
shareholder wealth and highest corporate values through RI -KDUNKDQG GHYHORSHG WKH 6LQJOH :LQGRZ SRUWDO ZZZ
modern technology platform. advantage.jharkhand.gov.in which is a one stop solution
for providing clearances and approvals to all new and
All were honored all are dignitaries with a Memento
being a tree planted in their name thus supporting existing investors in the state of Jharkhand.
environment. SIDBI followed with Mr. Kameswara Rao - Asst. GM
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The first Business Session started with HDFC BANK
presentation and was led by Mr. Pawan Kumar Chillarige MSMEs. He also spoke on what has been achieved over
– Senior VP HDFC Bank Ltd.He spoke on strength of HDFC the years and the recent initiatives taken by SIDBI.
BANK network and product range for plastic industry to Offerings by SIDBI for MSME with low rate of interest
take advantage. on capital was highlighted by speaker.NSIC Manager,
Mr. Kantha Rao graced event to give a quick brief about
Delegates were keen to know their L/C facility and
forex related products along with their cards enabling NSIC Schemes that are available for MSME of the Plastic
to transact in other currencies across globe. Industry.
Schemes of government like NO EMD on bidding
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like personal loans in few minutes just going online and tenders along with other bulk buying of raw-materials
other speedy services and customer convenience features for discounted purchase prices and other advantages of
were highlighted by them. being registered with NSIC was explained to delegates.
Our knowledge partner was last star speaker at the event.
Their team were present to interact with all delegates
on one to one basis. Shri. Virendra Mittal IAS, speaker of Our Knowledge Partner- Mr. Manish Poddar introduced
Assam Plastic Park Tinsukhia mentioned that the Plastic his Company SDP & Associates and spoke on Credit and
Park is well connected by Air, Rail and Road. Almost Financial Discipline for Bank Borrowings. He believed that
10% of India’s total exports of plastics are exported to MSMEs play an important role as the backbone of Indian
markets neighbouring Assam. They also have certain economy by generating employment and contributing
Government schemes like, Income Tax reimbursement, VLJQLÀFDQWO\ WR ,QGLD·V *'3 7KH VXFFHVV RI WKHVH 060(V
employment incentives, stamp duty exemptions and 2% depend on being adequately funded. He mentioned the
Interest subsidy on working Capital for 5 years. DGYDQWDJHV RI PDLQWDLQLQJ JRRG FUHGLW DQG ÀQDQFLDO
discipline.
AIPMA's very own Plastivision India – 2020 was introduced
WR WKH FURZG E\ 0U .LVKRUH 6DPSDW ² 93 :HVW DQG WKH Our Hospitality Partner, Taj Deccan was felicitated by
informative video of PVI 2020 was played before breaking VP South. The sessions ended with question being asked
for Lunch. by the guests that were very candidly answered by our
Banks and Plastic Parks respectively.
Our Second Session started with Drip Capital Services Pvt.
Ltd. Speaker Mr. Nath Kakani speaking On SME Exporters 7KH ÀQDO 9RWH RI 7KDQNV ZDV JLYHQ E\ 0U .LVKRUH 6DPSDW
and Problem They Face. He showed us why there is ² 93 :HVW WKDW ZDV IROORZHG E\ WKH 1DWLRQDO $QWKHP
a Credit gap and how without easy access to working being played.
capital, SME’s are at risk of losing orders or buyers. He Networking Tables were kept for all present for one on one
went on to show the solution offered by Drip Capital as interactive meetings between the Financial Institutions
an NBFC has for the MSME’s.After an interesting session and the attendees.A testimonial was given by Mr. Pavan
for exporters, next was Jharkhand Plastic Park.
Kumar Chillarige at the end of the program, stating that
Mr. Neyaz Ahmed spoke on Investment Opportunity at he was very happy to have joined hands with AIPMA for
Plastic Park Deoghar, Jharkhand. He spoke about the the AIPMA MSME Financial Conclave – Hyderabad.

Plastics News September 2019 14