(15.) The Federation of Indian Micro and Small & Medium Enterprises (FISME
) jointly with the SME Foundation of Bangladesh, an autonomous organization of the Government of Bangladesh engaged in development of the MSME sector, conducted a workshop to promote a regional value chain of textiles within SAARC countries in Dhaka recently.
The seminar was jointly organised by KCCI and FISME. Mukesh Kalra said that presently the trade between India and Pakistan is in favour of his country as it has large economy and vast market.
The senior representative of FISME and Head of India delegation Mukesh Kalra said that there is need to address tariff and non-tariff barriers and liberalizing the visa issuance policy by both the countries especially the business visas.
He said it is for the first time that Indian SMEs delegation has visited Pakistan through FISME. Against large companies , SMEs are the best suited for B2B meetings, he said.
He proposed for signing of MoU between Karachi Chamber and Federation of Indian Micro and Small and Medium Enterprises (FISME) for closer coordination and exchange of information and delegations.
"The Awards which are being awarded not only for the top 100 performers in the SME segment, but also to the 20 most innovative, 20 most people oriented, 20 most export oriented and also to CSR aware organizations, shall definitely spur a new movement amongst the SMEs, to follow the footsteps of the winners and create a sustainable mechanism to reward and recognize them." said Mr V K Agarwal, President of FISME
New Delhi, June 7 ( ANI ): While welcoming the measures announced in the annual supplement to India's foreign trade policy, the Federation of Indian Micro and Small and Medium Enterprises (FISME), India's leading MSME organisation, has, however, pointed out that these measures are at best tactical and they have to be supplemented with a strategic thrust to take advantage of the depreciation of the rupee which is here to stay in the short and medium term.
"We welcome the initiatives announced in the policy, especially the decision to extend the 2% per cent interest subvention scheme for another year and expand its coverage to include other labour intensive sectors namely toys, sports goods, processed agricultural products and ready-made garments, but these initiatives are at best tactical not strategic," said FISME President V.K.
According to FISME, the depreciation of the rupee - over 27% fall during the last 13 months, is an opportunity that should not be allowed to go waste.
New Delhi, May 29 ( ANI ): Counterintuitive as it may sound, the dramatic fall of the Rupee has created a historic opportunity for Indian micro, small and medium scale manufacturers, according to the Federation of Indian Micro and Small and Medium Enterprises (FISME), India's largest MSME organisation.
"Most MSMEs whether catering to domestic markets or exporting are not complaining," said FISME President Mr V.K.
FISME feels that Indian manufacturers must exploit this currency-generated price advantage to penetrate new geographies such as the ASEAN group of countries, Africa or Latin America.