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ICC organizes MSME convention in Kolkata

Kolkata, Jul 11 (UNI) Indian Chamber of Commerce (ICC) organized its MSME Convention 2019 today in Swabhumi, Kolkata.
The program focused on the sourcing of effective funds and financial stability along with the growth of the MSME sector. It spoke about the offerings by the insurance sectors to encourage the MSME sector.
The program witnessed presentations by eminent speakers such as Mr. Ajoy Bandopadhyay, Director, MSME-DI, Mr. Mrutyunjay Mahapatra, MD & CEO, Syndicate Bank, Mrs Jinsy Santosh, Regional Manager-Underwriting, SBI General Insurance, Mr. Sanjay Lamba, Regional Head, Exim Bank, Prof. Satyajit Dhar, Department of Business Administration, University Of Kalyani, Mr. Partha Bhattacharya, VP Procurement, CESC, Cmdre Bhaskar Sengupta, GM GRSE, Mr. Sujit Saha, Deputy Chief Material Manager, Kolkata Metro among others.
The program was attended by MSMEs and large procurement organizations like Indian Railways, CESC, GRSE, Ordinance factory Board etc.
The Conference came up with the recommendations like the MSME sector has huge business potential and more so after the Budget 2019. The scope of the MSME sector is ever-increasing in India with 30pc of India’s GDP coming from MSME. MSME sector has flourished in India under the schemes introduced by the Government of India such as SPURTI and LBI. The need of the hour is digital marketing plans for the MSMEs and Art-based cluster development and entrepreneurship opportunity.
Primarily, we should try to look at the issues that are affecting the fund's flow to MSME, and try to resolve it. The speakers highlighted the role of E-Commerce in the MSME value chain. Speakers felt that the organizations like Indian Chamber Of Commerce can play an important role as facilitators of the MSMEs and help generate new ideas.
The conference highlighted the scope of vendor linkages in terms of Public-Private Partnership model. It even spoke about how the public sectors are laying stress on reverse engineering to reduce the cost.
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