Thursday, Apr 18 2024 | Time 13:24 Hrs(IST)
image
Business EconomyPosted at: Sep 23 2020 6:02PM


IRM India, ni-msme ink MoU to strengthen risk-readiness of Indian MSME sector

New Delhi, Sep 23 (UNI) IRM India, India Affiliate of Institute of Risk Management, UK, a leading
professional body for Enterprise Risk Management, and National Institute of Micro, Small and Medium Enterprises (ni-msme), an organisation of the Ministry of MSME, Union Government , have signed a Memorandum of Understanding, to support the Indian MSME sector in strengthening its defences against threats such as the Covid-19 pandemic, through a series of policy and education initiatives.
Discussing the agreement, Mr Hersh Shah, CEO, India Affiliate of Institute of Risk Management, UK,
said, ''World Bank, World Trade Organisation and other organisations have acknowledged the grave
risk that MSMEs have been confronted with globally, and have highlighted the urgent need for
sweeping reforms to help them steer safely through these difficult times. The substantial impact
of the Covid-19 pandemic on domestic MSMEs further corroborates the need to pivot from
the sector’s current approach towards an enterprise risk-driven one, which has proven helpful
for many organisations across the world, especially in developed economies.
''We are committed to supporting ni-msme's strategic vision for the progress of micro, small and
medium enterprises in India and recognise ni-msme's research and education in the field of
entrepreneurship. In the coming months, we aim to develop a blueprint that will help India's
6.33 crore MSMEs apply globally-recognised enterprise risk management frameworks and
practices, to navigate successfully through the current crisis, as well as safeguard themselves
against future uncertain events beyond just financial risks.''
Ms S Glory Swarupa, Director General, ni-msme, said, ''National Institute for Micro, Small and
Medium Enterprises (ni-msme), an organization under Ministry of MSME, Govt of India has always
been conceiving specialised need-based initiatives in tune with the changing policy and economic
situation. ni-msme is not a mere world-class training institute but a comprehensive hand-holding
institution for the MSMEs and entrepreneurial youth in India and the developing world.''
UNI NY SV 1802
Please log in to get detailed story.
Tags: #IRM India# ni-msme ink MoU to strengthen risk-readiness of Indian MSME sector
More News
Rupee opens flat at 83 52 against USD

Rupee opens flat at 83 52 against USD

18 Apr 2024 | 12:24 PM

Mumbai, Apr 18 (UNI) The rupee on Thursday was unchanged at 83.52, rising by one paisa in the opening session on selling US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up over 200 points

Sensex up over 200 points

18 Apr 2024 | 12:06 PM

Mumbai, Apr 18 (UNI) Snapping a losing streak of the last three sessions, the BSE Sensex on Thursday gained 240 points to open at 73183.10 on the strength of commodities, utilities, and auto stocks.

see more..

Ola Electric enters mass-market segment with S1 X range of scooters

17 Apr 2024 | 8:20 PM

Mumbai, Apr 17 (UNI) Auto maker Ola Electric has entered into the mass market segment by announcing new prices for its S1 X portfolio, along with delivery details, of the scooters.

see more..

17 Apr 2024 | 7:45 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

17 Apr 2024 | 7:31 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..
image