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SMEs - help yourself to succeed
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Bikky Khosla | 22 Apr, 2008
It seems nothing has changed for the Small and Medium Enterprises (SMEs). Surveys, studies came and went, but SMEs are still languishing in the alleys of darkness. Indian SMEs have opportunities for higher growth and exports, through linking with global supply chains. However these opportunities require structured policies, sustained learning, innovation and competence building by the locally-owned SMEs. Despite successive government's initiatives, it is a fact all will agree with that a large portion of SMEs remain untouched by these initiatives and schemes.
With fierce competition - both domestic and global - the only way ahead for SMEs is to innovate. As such, innovation is the necessary core competence to remain competitive in the new landscape.
Meanwhile finance -- which is the lifeline of an SME -- is still a distant Utopian dream. SMEs have limited access to finances and a majority of them run on the promoter's investment which severely limits the growth of these enterprises. To provide better access to finance in form of loans at the grass-root level, it is important to give a boost to the financing innovations like micro credit and factoring solutions. While institutions like NABARD and SIDBI were specifically created to provide loans to SMEs, somewhere down the line the plight of the small enterprises is still pronounced and evident.
On the other hand, the level of adoption of IT is still low due to lack of understanding of the benefits of IT as well as lack of investment.
Even those SMEs which have invested in Information and Communications Technology (ICT) view it as an enabler. Above that, SMEs have the financial constraints in going global and ability to invest in ICT. Many of the SMEs are not able to appreciate the value in ICT investments due to limited exposure to ICT.
SMEs have to adher to industry best practices and harness the power of the internet. The future of SMEs will depend on overcoming the challenges encountered in a liberalized world and by enhancing their competitiveness in an increasingly global economy.
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Write a message
We assist SMEs in their export efforts
Gladston Jonathan | Thu May 15 09:10:17 2008
We help SMEs by enabling them to showcase their products and company profile ro millions of overseas buyers and thus making it easier to get export orders. We are associated with one of the leading B2B networks. You can contact us at eddys@vsnl.net
We assist SMEs in their export efforts
Gladston Jonathan | Thu May 15 09:09:35 2008
We help SMEs by enabling them to showcase their products and company profile ro millions of overseas buyers and thus making it easier to get export orders. We are associated with one of the leading B2B networks
WE FINANCE SMEs IMPORTS/EXPORTS Globally
Gina Hortance | Wed May 14 18:08:29 2008
Please send your requests to:
Gina Hortance
SME International Business Consultant
Global SME Activist
hortance@ibotrade.com
SMES & Infrastructure.
Naineshkumar | Sun Apr 27 13:57:36 2008
The basic problem for SMEs is finance. Banks have no idea how to finance & at the same time secure repayments. So if unsecured it is costliest affair for them. It costs about 2.5% to 3% per month. It should on the other hand cost just about 4-6% per annum at the most. The higher interest rate increases sell price & breakeven point for SMEs. The Govt is conviniently sleeping over issue & Mr.Chidambaram is totally unaware of the issue. This will only increase inflation for which also he dont have any idea how to control it. Second issue is Corruption in Government which prevents people doing honest business. People are cheated by Govt.if corruption is not stopped or atleast is kept at low level. It should be restricted by taking measures to prevent it. At least people accepting bribe should be afraid of ACB.In a country where a Bus conductor does not accept Rs.500/- note because it may be counterfeit how you can propose progress. The grass root level of Govt.is either ignorant or is dishonest including Corporators,MLAs,MPs,which can be guessed by looking at property they declared before five years & now. H D Kumarswamy declared his property at5 crores before 3-4 years & now he declares 49 crores.But nobody will try to find out. Likewise so many MPS have declared properties which I dont think they can earn honestly. I dont say every one is dihonest but it should stop now.
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Re: SMES & Infrastructure.
Florah | Wed Apr 30 14:53:07 2008
My problem is that I attended training but i did not get a practical knowledge, like someone posting a deal until is finished to see how this works. I only have code and done theory without practical. If there is one practical training I can attend and pay in order to have knowledge of this course.
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Re: Re: SMES & Infrastructure.
Ranganathan Pari Vallal. | Thu May 1 05:59:30 2008
Hi Florah,
what type of theory training do you have and what type of practical training you need, kindly elaborate, I can lead you to practical experience in your place it self, knowldge acquirig will not happen in one or couple of theory & practical training, depends on your mental ability and will power to gain core knowldege in any segment. I am an internatinal trade consultant and reperesents a Russian group of companies for import and export, my expertise is in analysing every assignment, product covering all details within set time, this comes of experience. You may contact me on - rvallal@gmail.com
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For Indian SME to go global, the problem is lack of quality
Samuel Thomas | Thu Apr 24 06:25:06 2008
From my 35 yrs experience in Engg industry, in Indian and foreign companies, I find what is lacking in Indian SME and even big corporate is "Quality Consciousness"
I was ashamed to see silly and serious quality issues in Indian Products at many countries I visited and worked. Functionally they are ok, but no care for details and small defects abounds. One conspicuous defect (like a rough weld, a dent in the body, lousy painting, loose button in a shirt and thread hanging from a stitch, unsymmetrical dimensions etc) is sufficient to turn away a customer and his friends and relatives for their lifetime. A person who exports such a product spoils not only his name but the name of Indian products as a whole!
Finance, govt. help etc are secondary if quality is not global!
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Re: For Indian SME to go global, the problem is lack of quality
Ranganathan Pari Vallal. | Thu May 1 05:51:19 2008
Hi Samuel Thomas,
I have faced these problems as GM sourcing & procurement for export of preserved & processed fruit and vegetables and many agri commodity,stones etc. Many range of products i dealt with for exports is what i can say proudly, but the scenario as u have clearly mentioned the suppliers and many exporters - even deemed export houses just do not bother about important small details which really may not be cost effective. Time and again I am facing these problems and have decided only way to accept a representation for an importers is to involve personally and adhere stringest norms, this is one part the other side is a different story - say - when i / we ensure quality and timely shipment and offer, the buyer insists on best quality and rock bottom price, wrong phenomenon, would never work, if you give peanuts you wont get even monkeys now a day, not only these time hath changed and many new merchant and manufacturer cum exporter from INdia and many new importers / agents from other parts of the world are the biggest pain, both just not care about basic requisites. Only way is to have compulsory stingest qlty inspection of all products before loading, once this is taken care of unanimously price factor will be accepted by the importer. All these will happen only when the exporters are afraid about legal penalisation and punishment, no other alternative for Indians who love to compromise at any cost.
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