India MSME Summit 2022: What to expect at the year’s biggest event for small businesses
The micro, small, and medium enterprises (MSMEs) sector, which contributes to about 30 percent to India’s GDP and accounts for almost 45 percent of exports, is one of the key drivers of the Indian economy.
Despite COVID-19 headwinds and other challenges such as lack of formal credit and regulatory hurdles, the sector has remained resilient.
At the fourth edition of India MSME Summit 2022, organised by YourStory and SMBStory, stakeholders including businesses, policymakers and technology solutions providers, and others, will try to decode what works for the sector.
To be held between June 21 and 27, 2022, the event will see the who’s who of the MSME industry discuss the future of MSMEs.
What’s in store?
Between June 21 and 25, participants will get a sneak peek into panel discussions highlighting the challenges and opportunities in the sector.
Think local act global: How MSMEs can boost exports
COVID-19 has reiterated the significance of ‘Think Local Act Global’. The idea of this movement is to boost domestic consumption, increase export activities, and reduce reliance on imports. While Indian businesses have been successful in writing a revival story, the aim is now to see the country become a hub of exports in the global market.
This panel will discuss everything you need to know about how Indian MSMEs can leverage opportunities in the global market.
- Sonal Jindal, Founder, Medusa
- Gaurav Garg, Founder, Dupatta Bazaar
- Anil Bhardwaj, Secretary-General, Federation of India Micro and Small and Medium Enterprises
Boosting SMBs beyond bootstrapping
Nearly a decade after the BSE and the NSE set up dedicated platforms for the listing of India’s Small and Medium Enterprises (SMEs), the number of SMEs actually listing via IPOs has increased rapidly.
In fact, the number of SME IPOs between September 2020 and September 2021 stood at 40, which is not far behind the number of mainstream IPOs at 51 during the same period.
If you are an SME looking to get listed, then this panel has got you covered.
- Raman Bhatia, Founder, Servotech Power Systems
- Hritesh Lohiya, Founder, Priti International
Growing in the new normal
Many MSMEs were affected by pandemic-related slowdown, with revenues of some being hit by as much as 30-40 percent. As the world slowly resets itself, attend this panel discussion to understand what does the new normal looks like for small and medium enterprises (SMBs).
- Chandrakant Salunkhe, Founder and President, Federation of Indian SME Associations
- Farman Beig, Co-founder and CEO, Wat-a-Burger
- Stuti Gupta, Founder, Amrutam
Solving working capital problems for MSMEs
Despite being the backbone of the Indian economy, MSMEs often have trouble accessing credit and credit financing.
According to estimates, 27-29 percent of SMBs in India operate without any access to formal credit, which leads to a cycle of credit demand. SMEs, being traditional in nature, find it difficult to grapple with these challenges.
Ecosystem stakeholders, and small business owners will discuss how MSMEs can leverage technology to smoothen the creases related to deploying working capital.
- Meghna Suryakumar, CEO, Crediwatch
- Amit Mundra, Country Manager, Buhl Data Services
- Amit Kumar, Founder, MSMEx
- Dinesh Jain, Founder & Chairman, Insight Cosmetics