The Seminar on “How to Grow your Business Profitably” started off at Federation House, Red Hills, Hyderabad. The session was inaugurated by Mr. V.S. Raju, President, FAPCCI.
Mr K.V. Iyer, Director, Disha EMS, Mr S.S. Banik, Zonal Manager, Bank of India, Mr M. Sreerama Murthy, Chairman, Industrial Development Committee, FAPCCI, Dr Tilak, Management Consultant, Disha EMS, Mr. AS Kumar, Deputy Secretary General, FAPCCI are interacted at the occasion.
Mr. VS Raju said in his Chief Guest address is that the AP Vision 2020 envisages a growth rate of 11% in the Industrial and service sectors and 6% growth in Agriculture up to the year 2020 Micro, Small and Medium enterprises (MSMEs) play a very significant role in the economy, as it is this sector which provides balanced and sustainable growth, besides providing employment opportunities.
However, despite their importance to the economy, most MSMEs are not able to stand up to the challenges of globalization, mainly because of difficulties in Financing and Marketing. Today’s deliberations seek to address those problems specifically by a capable banker Ms BOI and a consulting company -- Disha. We intend to open a line of continuous communication so that you can take benefit from these organizations to help the MSME sector in helping individual unit holders and thereby achieving our stated growth goals.
The Government of India and the State Government are playing a significant part in ensuring credit flow to this sector by offering a number of schemes and incentives; however it remains the part of the banking system to supplement these efforts by providing required finance. The Bank of India has taken an important step in delivering efficiency and effectiveness towards smoothening credit flow by opening an SME City center to help organizations and Disha has on hand a consulting offer which seeks to lay frameworks for management within organizations which is the proper way to grow an organization profitably.
FAPCCI brings these combined services to the delegates and members in timely and efficient manner and provides the opportunity under the slogan of “Grow your Business Profitably” said Mr Raju.
Mr K.V. Iyer, Mr S.S. Banik, Mr M. Sreerama Murthy, Dr Tilak and Mr. AS Kumar also spoke at the occasion.