NSIC has launched "Infomediary Services"

The National Small Industries Corporation Limited (NSIC) and The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) jointly organized an Awareness Meeting on ‘NSIC Schemes’ on 1^st October 2011 at Federation House, Red Hills, Hydrabad. This awareness meeting was intended to get exclusive information on the NSIC schemes and NSIC act.

Mr. G. Venkata Chalapathi, DGM and Centre Head, NSIC was the chief guest for this awareness meeting. Mr. V.S. Raju, President, FAPCCI, Mr. Madanmohan. N, Manager, NSIC, Mr. M.M. Sriram, Chairman, Industrial Development Committee, Mr. M.V. Rajeshwara Rao, Secretary General, FAPCCI are the other key speakers at the awareness meeting on NSIC schemes.

Mr. G. Venkata Chalapathi said that the information today is becoming almost as vital as the air we breathe. We need it every minute of our working lives. And with the increase in competition and melting away of international boundaries, the demand for information is reaching new heights.

Keeping in mind the information needs of small industries NSIC has launched "Infomediary Services". A one-stop, one-window bouquet of aids that will provide information on business, technology and finance, and also exhibit the core competence of Indian SMEs in terms of price and quality-internationally, as well as domestically.

NSIC's Infomediary Services use a professionally managed HR base and modern technology for dissemination of vital information-websites, sector-specific newsletters (both print and electronic), and e-mails. Potential beneficiaries would be entrepreneurs-both existing and aspiring-R&D labs, SME seeking business collaboration and co-production opportunities, joint ventures, exporters and importers, and those looking for technology transfer he said.

Mr. Venkata Chalapathi also said that the NSIC is offering such other schemes like Raw Material Assistance, Single Point Registration, Credit Rating Scheme, Infomediary Services, Technology Incubation Centre ( TIC - PPP ), Marketing Intelligence Cell, Domestic Exhibition, International Exhibition, Software Trade Park (STP) and Bill Discounting Scheme to fulfill MSME’s needs.

The FAPCCI President Mr. V.S. Raju felt that the MSME sector provides vital components and accessories to the large manufacturing sector. In this way it contributes significantly to the process of rapid industrialization. This sector has shown continued dynamism in terms of growth in the number of enterprises, production, and the capacity to contribute to manufacturing output and exports.

The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 has broadened the definition as well as coverage of the micro and small enterprises. They now include service enterprises which account for as much as 55 per cent of India’s Gross Domestic Product. The Ministry of MSME is conducting a number of programmes for skill development through its National level Entrepreneurship Development Institutes, MSME-Development Institutes, Tool Rooms and Training Centres.

To provide handholding support to the trained persons in setting up their own enterprises, the Ministry has also launched a new scheme, namely, Rajiv Gandhi Udyami Mitra Yojana. All of these are commendable steps which need to increase in scale in years to come Mr. Raju said.

Mr. Madan Mohan. N said that National Small Industries Corporation Ltd. (NSIC) has been working to fulfill its mission of promoting, aiding and fostering the growth of micro and small scale industries and industry related small scale services / business enterprises in the country. Over a period of five decades of transition, growth and development, NSIC has proved its strength within the country and abroad by promoting modernization, up gradation of technology, quality consciousness, strengthening linkages with large and medium enterprises and enhancing export - projects and products from small industries.

NSIC operates through more than 110 Offices, 5 Technical Services Centers, 3 Extension Centers and 2 Software Technology Parks supported by a team of over 600 professionals spread across the country. To manage operations in African countries, NSIC operates from its office in Johannesburg.

NSIC carries forward its mission to assist small enterprises with a set of specially tailored schemes designed to put them in a competitive and advantageous position. NSIC schemes comprise of facilitating the Marketing Support, Credit Support, Technology Support, Infomediary Services and Software Services through Technology Parks, International Cooperation and International Consultancy Services to the MSME’s.