FISME Newsletter - Vol III, Issue 30: March 15, 2013 - Federation of ...

Add this sender to your address bookClick to view this email in a browserVol III, Issue 30: March 15, 2013 Activities News Reader Reactions Members Contact Print VersionPresident on Budget"In spite of substantial devaluationof Indian Rupee in last 18 months,we feel, continued fall in exportshighlights increasing difficultiesmanufacturers face to producegoods competitively in India.Radical reforms are needed toreduce transaction costs be that ofin or out bound transportation/inland haulage or duty refundmechanism or of availing exportscredit. (during FISME’s Roundtableon ‘Weak currency yet no exportsgrowth’) "ActivitiesGandhikumar to be next FISME presidentFISME Roundtable on Devaluation of Indian Rupee and Declining ExportsKNN Board of Advisors Meet in DelhiStakeholder Consultation Workshops on “IPR Exchange”Business Banter: Lessons from EntrepreneursDon't Be Greedy-- VG Siddhartha, founder of Café Coffee DayMacro MetreIndustrial production inches up by 2.4% in JanuaryExports rise 4.2% in FebDomestic DigestMSMEs facing stiff competition from China, says MinisterOver 88,500 MSMEs are sick, face challenges: MuniyappaState ScanNew scheme for SME development in BiharHimachal set to record 6.2% growth in 2012-13World WatchSME confidence steady despite declining revenuesKnowledge StoreJobs for youth? Really?...And A Lot More- Shri V.K. Agarwal, President FISMEMeet FISME's NewPresident- Shri D GandhikumarRead MoreGandhikumar to be next FISME presidentMr D Gandhikumar, a firstgeneration successfulentrepreneur fromCoimbatore, has beenelected the next Presidentof Federation of IndianMicro, Small and MediumEnterprises (FISME). Priorto his election asPresident, Mr Gandhimarhas been Vice Presidentof FISME. He is to succeed Mr VK Agarwal and will assume charge from April 1,2013. The Meeting of FISME’s Central Executive Committee (CEC) was held inNew Delhi on March 5, 2013 which elected Mr Gandhikumar unanimously. AMechanical Engineer, Mr Gandhikumar owns Gandhikumar Foundry based inCoimbatore, Tami Nadu.Read MoreFISME Roundtable on Devaluation of Indian Rupee andDeclining ExportsPhasing out of DutyEntitlement PassbookScheme (DEPB) hasemerged as one of thebiggest reasons ofconsistent fall in Indianexports. Speaking in theroundtable discussionorganized by Federation ofIndian Micro and Smalland Medium Enterprises (FISME) on ‘Weak currency yet no exports growth:converted by Web2PDFConvert.com

MSMEs support Budgetproposal of allowing them toavail non-tax benefitsReasons and Policy options for India’, Mr Abhijit Das, head-centre for WorldTrade Organisation studies, Indian Institute of Foreign Trade said that thoughthere were many reasons cited for sluggish exports such as weak externaldemands in our traditional western markets; internal constraints of infrastructureand transportation; offsetting of Rupee depreciation advantage because ofhigher dependence of India’s exports on imports; Crude prices and the resultantinflation etc, yet the most important reason responsible for fall of exports wasphasing out of DEPB scheme.Read MoreKNN Board of Advisors Meet in DelhiAccording to The FISME Factorsurvey, 70 per cent of MSMEs arein favour of the budget proposal ofallowing them to avail non-taxbenefits for three more years afterthey cross the threshold ofinvestment limit (USD 1 million or5.5 crore).Finance FundamentalsBSE bets big on SME platform,sees 30 listings by MarchBSE Ltd, Asia's oldest stockexchange, has begun betting bigon its trading platform for smalland medium enterprises (SMEs),and expects about 30 companiesto be listed on the SME Platform byMarch 2013.Read the full articleAre angel investors gettingless angelic?Angel investors as the nameindicates have been benevolentsouls who bless new start-upswith their first injection of capital -their seed money.Read the full articleThe first meeting of theBoard of Advisors of theKnowledge and NewsNetwork (KNN), beingsetup by FISME withsupport of GermanDevelopment Cooperation(GIZ) held in New Delhi onMarch 5, 2013. Themembers took note of thedevelopment of KNNproject so far and suggested course correction at a few places. The Boardmembers present during the meeting included Prof Bibek Debroy (Prof at Centrefor Policy Research & Formerly Director RGICS (Rajiv Gandhi Foundation) & SG,PHD Chamber), Mr Rahul Dev (Former Chief Editor, Aaj Tak and Jansatta), Mr TKArun (Editor Delhi, the Economic Times), Mr MK Venu (Managing Editor, theFinancial Express), Mr Rakesh Khar (Consulting Editor, Zee News), Dr LaveeshBhandari (Economist and Director, Indicus Analytics) and Mr Nikhil Nehru(Advertising and Media Expert, Former Executive Vice President, J. WalterThomson (JWP) and President, McCann Erickson World Group).Read MoreStakeholder Consultation Workshops on “IPR Exchange”:Bangalore and HyderabadThe Federation of IndianMicro and Small &Medium Enterprises(FISME) in order todeliberate upon thestructure and services forthe online market basedIntellectual Property RightExchange portal,organised a stakeholderconsultation workshopson “IPR Exchange for MSMEs” on March 8, 2013 in Bangalore and on 13th Marchin Hyderabad. FISME withsupport of DevelopmentCommissioner-MSME isserving the needs ofprotecting intellectualassets of Small andMedium Enterprisesthrough its IntellectualProperty FacilitationCentres (IPFC) for MSMEsat Delhi, Bangalore andHyderabad.Read MoreMarketing MantrasTop Tips in Honing YourLeadership PowersSubmitYou can also view onlineconverted by Web2PDFConvert.com

No matter whether you are leadinga large organisation comprisingthousands of employees, leadinga start-up company filled withhighly charged individuals or youare a businessman; in the eyes ofyour employees or people, you area leader.Read the full articleWomen entrepreneurs lookedupon as glorified housewivesAdvice to aspiring womenentrepreneurs: Don't getdiscouraged with early setbacks.Just stick to your goals.Read the full articlePolicy PolemicJobs for youth? Really?The Budget promises ‘inclusion’of the youth and women in theeconomy. But in the absence ofany skill development plan, theassurance rings hollow.Read the full article‘The Best Advice I Got’Don't Be Greedy- VG Siddhartha, founder of Café Coffee DayIt is not always good to take the lion’sshare, it might result into greediness.Cafe Coffee Day’s founder, VGSiddhartha says the best advice heever got is not to be greedy. He wasworking for JM Financial in Mumbai,Naveen Bhai Kampani gave him a wisetip. He told Siddhartha that the stockmarket is like a hot stream of gold. If hedips his hand in it with greed, he willburn his fingers. Instead, he mustcarefully remove gold in smallquantities from the surface, and investoutside the stock market. That adviceprompted him to buy coffee estates inKarnataka and diversify investments.Ten years later, he happened to meet a member of the family that ownsGermany's best-known coffee brand Tchibo. While discussing retail, hementioned that it would require massive investment. His opinion wasdismissed as Tchibo itself began in a small way, as a 10 sq.ft. shop inHamburg in 1948. In 40 years, it became the second largest coffee roaster inEurope. The story opened his eyes: if Tchibo could achieve so much in 40years, so can he. In fact, he entered the café business after hearing thisinspiring tale. Cafe Coffee Day has completed only 17 years. In another 23years, he is confident to be another Tchibo in this part of.[Adapted from the Best Advice I Ever Got, Business Today]Small Company's Big BusinessForty years ago, economist ErnstFriedrich Schumacher publishedin Britain his book 'Small isBeautiful' in which he argued infavour of human-scale,decentralized and appropriatetechnologies which smallbusinesses could harnesseffectively. Closer home, socialistthinker Ram Manohar Lohiapropounded 'alpa praman yantra',stressing the need to limit use oftechnology and exploit thepotential of small industries tooffer employment in largenumbers.Read the full articleStockpileWPI inflation unexpectedlyaccelerates to 6.84%After declining for four consecutivemonths, inflation rose marginallyto 6.84 per cent in February asMacro MetreIndustrial production inches up by 2.4% in JanuaryShowing green shoots of recovery,industrial production inched up 2.4 percent in January mainly due to perk up inmanufacturing output and enhancedpower generation. The factory output, asmeasured by the Index of IndustrialProduction (IIP) had grown by 1 per centin January, 2012. For the April-Januaryperiod of 2012-13 fiscal, the industrial production growth is at 1 per cent, downfrom 3.4 per cent in the same period of 2011-12, according to official datareleased recently.February CPI inflation at 10.91% YoY: GovtIndia's annual consumer price inflationaccelerated to 10.91 per cent inFebruary from the previous month,government data showed recently.Consumer prices rose an annual 10.79per cent in January. India's retail inflationis the highest among the BRICS groupof emerging economies - Brazil, Russia,Read Detailsconverted by Web2PDFConvert.com