Innovation-Focused 12-City Mega Series of Conferences: The Context

Engine of India’s growth in future is going to be the Small and Medium Enterprises (SME) sector, which has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. SMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural areas. SMEs are complementary to large industries as ancillary units and contribute enormously to the socio-economic development of the country. India currently has more than 48 million SMEs. These SMEs contribute more than 45% of India’s industrial output, 40% of the country’s total exports and create 1.3 million jobs every year.

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However, SMEs face a number of problems – absence of adequate and timely banking finance, limited capital and knowledge, non-availability of suitable and affordable technology, low production capacity, ineffective marketing strategy, identification and access to new markets, constraints on modernization & expansions, non-availability of highly skilled labor at affordable cost, follow-up with various government agencies to resolve problems etc.

Digital technology today is rapidly transforming markets. The rise of companies such as Uber, Oyo Rooms, Flipkart and Zomato is just the beginning of a new wave of digital disruption as they continue to flood every sector and disrupt traditional industries. And the key to disruption is to offer a better client experience than the incumbents.

Digital transformation is leveling the playing field for SMEs. In the past, SMEs needed significant capital investment to fund innovation, product development or customer acquisition. Today, businesses of all sizes can use e-commerce, crowd sourcing, cloud services and social media to achieve the same objectives at a low cost.

The Guild, India’s first progressive business media brand, with a unique editorial focus on innovation in technology, business, leadership, and design;in association with Ministry of Micro Small and Medium Enterprise, along with CNBC Awaaz, leading business news TV Channel is hosting a unique Pan-India 12-City ‘SME FUTURES’ SERIES of Events covering country wide SME Clusters themed “Powering India to the Future” that will focus on the core challenges and future opportunities faced by SMEs in India.

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Themed Driving growth through innovation, the SME FUTURES SERIES will focus on the core challenges and future opportunities faced by SMEs in India. A unique cross-country event series will also provide insightful sharing of case studies, best practices and incisive panel discussions with successful business owners, close-up views of the latest in technology and innovations, allowing attendees to have hands-on opportunities for creative collaboration with leading industry vendors.

The unique innovation-focused series in 12 major SME Clusters of India will span across Jan’17-Feb’17-Mar’17. The first-of-its-kind SME Series of Events in India focusing on Innovation & Future Growth will be attended by the Small & Medium Enterprises across the industry Segments innovating with best practices of the present times and the ones gearing up to adopt the future innovation trends to gain pace with the modern day operations of the businesses.

Effective technology will sort out most process road blocks and allow companies to concentrate on their core business of innovation.

The thrust areas for increasing the competitiveness of MSMEs include technology, procurement, skills development and finance.

The prime focus and deliberation in each of these 12 events across major SME Clusters of India will range from Government Policies, Competitiveness in the global economy, through Encouragement for the Technological Innovations, Supply Chain Automation, to bringing forth the significance of leveraging Cloud and Affordable IT among SMEs, Disruption with Digital Business Frameworks & Innovating Financing methods, and many more.

Process automation through an integrated IT set – up leads to considerable cost efficiencies in the organisation.

MSMEs can now avail a wide variety of cost effective solutions such as Software as a Service (SaaS), infrastructure as a Service (IaaS) and Platform as a Service (Paas).

The attendees and the panellists speakers across four major panel discussions of the day, followed by a ‘GST Workshop’ will carry the profiles of the likes of Proprietors, CEOs, MDs, CFOs, Factory Heads, Manufacturing Heads, etc. among many other heads and owners across the Industry Sectors ensuring 360 degree outlook for not only the SMEs across India but also for the challenging early-trend-adopting start-ups and Multi-Million Dollar Companies paving way for all working in a cohesive industry environment and forming a growth oriented ecosystem.