Sustainability, self-reliance emerge as top takeaways for MSMEs at Pune edition of ET Make in India SME Regional Summit
ET Make in India SME Regional Summit in Pune had a stellar start with a range of industry representatives, SME associations and small businesses sharing their ideas and visions at the event.
The summits are a series of on-ground events held across India to bring together local MSMEs, policymakers, enablers and industry stakeholders. These summits aim to unravel opportunities, tackle challenges and foster knowledge-sharing and networking to propel the next phase of growth for Indian MSMEs.
The event started with a fireside chat that saw Rakesh Singh, MD & CEO, Aditya Birla Finance Limited (ABFL), speak on the credit gap in the MSME segment becoming huge. “Access to credit in this segment is around 50%,” he said.
He added that the sector will be well served once it comes within the formal ambit of the economy. Talking about how a lending approach of one size fits all isn’t able to cater to the varied needs of MSMEs, Singh stated that it is important to deal with them like a consumer. “The needs of the small business owners are very retail, very consumer-like because these are micro in nature,” he said.
Next up was a detailed presentation by Rishi Agrawal, CEO, TeamLease Regtech, on India’s regulatory cholesterol and how compliances shackle MSMEs. “The number of compliances that MSMEs deal with is disproportionate to the revenue they generate,” he stated.
HR
Human Potential and the Future of Employment
By — Lynda Gratton, Prof. at London Business School, Speaker, Author, Global Thought Leader
Finance
A2Z Of Finance:
