The immense opportunity presented by the large number of consumers in India has led to 2100 – 2500 enterprises being started in India per day. Between 750-800 getting out of business or are becoming dormant, as per a survey conducted by the India SME Forum and SDRC India Advisors. SME Forum in association with Vodafone Business service, organized a day long program “BUSINESS CLASS 2016” to motivate aspiring entrepreneurs.
The India SME Forum shared best practices, information and knowledge, as well as seeks and recognizes emerging MSMEs. Recently, it organized a program that served as a platform for select start-ups and aspiring entrepreneurs, providing them with an opportunity to listen, interact, network and get mentored by successful entrepreneurs. The successful entrepreneurs, being honoured as India’s Small Giants, were enterprises that have exhibited great success in leading their enterprises, creating much needed employment, enabling a sustainable ecosystem and catapulting their enterprise to the next stage, while navigating the inherent risks imminent with business.
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The program comprised “6” Sectoral Panel Discussion Sessions with top bureaucrats, experts and successful entrepreneurs as panelists. The event had over 800 participants and a star guest mentor, renowned Brand Guru, Prahlad Kakar. The Minister of MSME, Kalraj Mishra, graced the ceremony, addressed the audience and felicitated ‘India’s Small Giants’ of 2016.
“Reiterating the commitments to Government’s vision of Digital India and Make in India, Vodafone has adopted an approach focusing on coverage, intelligence and automation to acquire market reach and serve the emerging businesses across India. To catalyze the growth of emerging enterprises the company has introduced Ready Business 2.0 – an integrated technology solutions approach that uses Vodafone’s suite of Total Communications solutions to provide answers to business problems, designed for making emerging businesses more agile towards taking on future challenges and responsive to customers. The association of Vodafone with ‘India’s Small Giants’ is an effort, to further support emerging businesses and to enhance their productivity and business efficiencies in the right direction by respecting, recognizing and acknowledging India’s Most Successful Entrepreneurs who have created a legacy and ever-lasting impression on the minds of generations of future entrepreneurs,” said Ajay Sehgal, National Head, Small and Medium Enterprises at Vodafone Business Services.
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“SMEs looking to expand their business, locally or internationally, need to tap into deep local knowledge and international network through the business-banking segment. As an international bank with footprints in Asia, Africa and Middle-East, Standard Chartered has always been committed to the SME space, striving to fulfill this need. As growing organizations, SMEs should be sufficiently protected so that an entrepreneur with a big idea and a right strategy is not affected by external uncertainties. Business protection features tailor-made insurance solutions and foreign exchange hedging strategies. With the right advice and risk- management solutions, SMEs can choose what works for their business,” said Shyamal Saxena, Head – Retail Banking India at Standard Chartered .
“It has been the endeavor of India SME forum to be a catalyst in creating a world class entrepreneurship ecosystem in India and ‘Business Class 2016’ is yet another big step towards it. We aim to not only motivate and engage those in the audience but also take the learning from this to startups and entrepreneurs across India,” Vinod Kumar, President at the India SME Forum added.