Reliance Commercial Finance in partnership
with Sustainable Development Research & Consulting organised
the sixth edition of the India SME Forum and Award under a series
titled "India SME Forum - Sustainable, Competitiveness and
Growth, Profitably" that is now being held across the country.
The Forum took place on 11th September 2012 at ITC Windsor Bengaluru,
located by the historic landmark Vidhana Soudha, The Windsor is
a 5 star hotel in Bengaluru that merges an old world ambience
with international service to create a luxury hotel that has long
acquired a reputation of playing host to the aristocracy of the
The event was attended by over 200 Small and Medium business
owners from Karnataka, which included over 40 women entrepreneurs.
M. C. Dinesh, Member, Central Executive Committee of FISME welcomed
the guests with a rousing opening address.
Vinod Kumar, Senior Partner at SDRC, ISF Jury Board Member offered
a vote of thanks to the attending delegates.
The highlight of the event is the participation of the 12 SME
based associations in and around Karnataka namely-
>> All India Granites and Stone Association (AIGSA)
>> Association of Women Entrepreneurs of Karnataka (AWAKE)
>> Consortium of Electronic Industries of Karnataka (CLIK)
>> Confederation of Real Estate Associates (CREA),
>> Electronic City Industries Association (ECIA)
>> Engineering Manufacturer Entrepreneurs Resource Group
>> Federation of Karnataka Chambers of Commerce Industry
>> Federation of Indian Micro and Small & Medium Enterprises
>> Karnataka Small Scale Industries Association (KASSIA)
>> Laghu Udyog Bharati (LUB)
>> Peenya Industries Association (PIA) and
>> Tool and Gauge Manufacturers Association of India (TAGMA).
The head of the above mentioned organisations lighted the lamp
and were felicitated by Mr M. C. Dinesh with bouquets.
The other highlight of the Bengaluru edition was the interactive
nature of the sessions - there was an inclusive discussion between
panellists and the attending SME heads. Some of the panellists
decided to forego their presentations in order to drive the healthy
discussion. (The presentations will be available on the www.indiasmeforum.com
website to members).
The participating SMEs pointed out issues effecting their growth
and sought solutions from the industry experts & gurus at
the forums; also debated on their suggestions & solutions.
In the First Session, the experts shared their knowledge and
experience about the benefits of creating a Brand and using IT
to create value. Panellists included Nikhil Nehru, Advertising
& Communication Guru; Shashi Ravulapaty, CTO, Reliance Capital;
Naveen Tripathi, CEO at Mercury Designs; Sunder Madakshira, VP
for Marketing & Communications at SAP Labs India; NitinBhandari,
AVP New Products at Vodafone and moderated by Vinod Kumar, Senior
partner at SDRC.
Nikhil Nehru, Advertising & Communication Guru the key speaker
for the session elaborated on the requirement for SMEs to engage
the young consumers by strategic branding.
Sundar Madakshira, while attending the query of a young woman
entrepreneur who was battling with the mind-set of her in-laws'
rigidity against branding their 30 year old company, suggested
that he personally would not work for an organization owned by
40 plus entrepreneur, as their mind set was less open to change
after so many years in the business. At the same time he advised
the young lady that she should try to mould the thinking of her
in laws by introducing changes on a small scale, steps by step.
Panel moderator, Vinod Kumar, Senior partner at SDRC announced
that India SME Forum shall list Market Makers on its site in the
near future-providing consultancy and support for being able to
list IPOs, seek VC funding or Angel Funding via the Forum's official
The session consisted of panellists K V Srinivasan, CEO at Reliance
Commercial Finance; Ravi Tyagi, Head of SME Projects at National
Stock Exchange; SandeepSabharwal, CEO of Portfolio Management
Services at PrabhudasLiladher P. L. and Mr. N. Muthuraman, Director,
Riverbridge Investment Advisors P. Ltd.
During this session one of the participating SMEs raised the
issue that though SME sector was recognised as a "priority
sector" and came at par with agriculture, why is that the
interest rates charged for the first sector differs from the second.
Parity would help SMEs access cheaper finance!
The forum recognized the need for SME businesses and associations
to come together & work jointly, so larger numbers can give
them a bigger voice for representation to the government bodies
and lobby for positive change. Thus the forum became the base
of 'Unity &Strength' with the participating associations coming
together to support the movement for joint action.
Further M. C. Dinesh, Member at Central Executive Committee at
FISME acknowledged the initiatives taken by the head of the local
organization to come together under this Forum and exhibit their
'Unity & Strength'.
In the post-lunch session, MSME entrepreneurs present at the
event got an opportunity to interact one-to-one with the various
panellists, network with them and each other and get their opinion
heard or doubts cleared.
The event was held in association with FISME, Go Air, Mahindra
& Mahindra, Bloomberg TV, SDRC.