SURAT ROUND UP

ISF successfully completed its 21st objectives of Knowledge sharing and the best practices to enhance competitiveness of the Small and Medium entrepreneurs organised by India SME Forum along with Reliance Commercial Finance a division of Reliance Capital, Bharti Airtel, Bank of India, BSE SME, brought to light the perspectives of the opportunities to promote SME sector. India SME Forum empanelled with Industry experts and Mentors discussed the potential gateways for SME Competitiveness and what is required to combat issues and adopt right measures to grow.
The Forum was Iinaugurated by Mr Janak Patchigar group Chairman SGCCI,Mr Jitendra Vakharia, President SGTPA, Mr Ajay thakur head BSE SME Ramesh thummar President GSPMA,and Mr Vinod Kumar, Country Head SDRC &Honorary VP India SME Forum
Keeping in mind the important role played by the SMEs in the economic growth of the sector in Surat India SME Forum organised a meet on 6th improve the financial capabilities of the entrepreneurs and help them to communicate their objectives in an open forum addressed by a group of eminent panelists that included Mr Nimesh Parikh, Head - Risk Containment Unit & Policy - Reliance Commercial & Home Finance,Mr V. Kulkarni , Assistant General Manager, SME City Centre - Bank Of India, Mr Ajay Thakur, Head - BSE SME,Mr Amar Mani Tripathi, Sr. Cluster Development Manager , SMERA Ratings Limited, Dr. A. K. Jain, Chief Regional Manager, The New India Assurance Co. Ltd. Mr Anirban Chatterji, Founder & CEO, AnirCorp and Mr. Vinod Kumar, Country Head SDRC & Honorary VP, ISF Feb 2014 at The Gateway Hotel with a view to enhance and
Inability to cope with change in manufacturing Technologies ,basic Iinfrastructure incompetence's funds accessibility , has hampered the growth of the Surat SMEs Smaller businesses here have it tough to get funding.
The textile and diamond clusters of Surat are still operating on natural gas generators and coal based co generation system .There is a need for technological advancement to enhance efficiency and increase production at lower costs.
It is the Inadequacy of the SMEs and traditional approach of running businesses which is holding them back from investing in newer technologies or in improving existing infrastructure. Multiple discussions tabled issues of the SMEs starting from access to finance, infrastructure improvement, or Technology Adoption .
As understood , Lending to SMEs is no different than lending to a big company here . It is wrong to say that SMEs do not have the vision on how to use their funding. They understand the business and are doing extremely well. Even during the economic downturn they were succeeding. But there is a need for common supportive action, closer cooperation among SMEs as well as between SMEs and the institutions and Government bodies in their surrounding environment, to build capacities of SMEs on every aspect of growth and sustainability.
Mr Vinod Kumar ,Country Head SDRC & Honorary VP, ISF summarized the sessions and spoke about the progressive approach that needs to be adopted by the emerging SMEs highlighting the need for SMEs to fill skills gaps to achieve sustained success by weaving technology into their culture, as the productivity of the SME sector relies on technology
The forum was attended by around 140 enterprenures of Surat from IT, Diamond, Textile and other Manufacturing sectors.