MSMEs: Driving Force Of The Indian Economy And Leading The Way

EE News Desk Jun 05, 2023

Small and Medium-sized Enterprises (SMEs) play a vital role in the economy, bringing innovation, diversity, job creation and economic growth. These businesses are charaterised by relatively smaller scale with fewer employees and lower revenue as compared to large corporations. SMEs are diverse and can operate in various sectors, including retail, services, technology, manufacturing and more.

To celebrate and recognise the best emerging businesses in India, BW SME World presents its 5th Edition of Emerging Business Summit & Awards. The summit unites industry experts, entrepreneurs, investors, and growing firms from across India's sectors and regions. It will serve as a forum to discuss and accelerate the growth of MSMEs towards a brighter future, as well as to recognise and celebrate the trailblazers, innovators, and disruptors in the Indian MSMEs sector.

The elite list of winners will be announced in a gala ceremony on August 03, 2023 and is presently open to nominations.

To know more, register and nominate now at https://bwevents.co.in/event/5th-edition-emerging-business/#nominate

The Jury Panel 2023

In the 5th Edition of Emerging Business Summit & Awards, the jury will be chaired by Shri Manoj Mittal, MD & CEO, IFCI Ltd with esteemed jurors. The jurors includes names such as Sunil Srivastav, Former Dy MD, Corporate Accounts Group, State Bank of India; Uday Sodhi, Founding Partner, Kurate Digital Consulting; Sushma Morthania, Director General, India SME Forum; Anil Khaitan, Chairman & Managing Director, Sunil Healthcare Limited & Former President, PHDCCI; Arijit Ray, CEO & Founder, The Unlock Company; Dr.Arvind Gupta, Co Founder & Head, Digital India Foundation; Nilaya Verma, Co-Founder & CEO, Primus Partners andAjay Srinivasan, Former CEO, Aditya Birla Capital.

Categorisation of Awards:

Various award categories have been listed for inclusion in the exclusive elite club following an in-depth process of recognition in the small and medium-sized business industry for exceptional performance. The categories are fragmented into three distinct sections. 'Individuals' in the award category include of Best Women Led Emerging Enterprise, Leader of the Year Creating Emerging Business, and Young Leader of the Year (Under 40) Creating Emerging Business.. The second division includes award-winning 'enterprises' in the categories of Most Innovative Products by Emerging Enterprise, Best Digitally Enabled Enterprise, Best Emerging Enterprise Creating Social Impact, Best Product & Service by Emerging Enterprise, and Most Innovative Emerging Enterprise. The third and final section of the award category consists 'support' in the form of Best Skill Development Institution for MSME and Best MSME Financing Institution.

A Glance At Our Previous Edition

In the 4th edition of Emerging Business Summit & Awards presented by BW SME World, the jury chaired by U.K. Sinha, Former Chairman, SEBI included names such as Sunil Srivastava, Former Deputy Managing Director – Corporate Accounts Group, State Bank of India; Alok Kr. Mishra, Former CMD, Bank of India; Chandrakant Salunkhe, Founder & President, SME Chairman of India, Federation of Indian SME Associates; Mukesh Mohan Gupta, Advisor, Chamber of Indian Micro, Small and Medium Enterprises; Piyush Sharma, Global CEO & Board Member, C Suite Advisor, Executive In Residence, UCLA & Stanford SEED Consultant; Santosh Kanekar, Founder & Entrepreneur, BeLive Corp; Uday Sodhi, Founding Partner, Kurate Digital Consulting; Nirupama Soundararajan, Senior Fellow & Head of Research, Pahle India Foundation and Nikhel Kochhar, CEO, IIA India.

The esteemed speakers consisted of names like S. Ravi, Chairman & Director, TFCI, Promoter & Partner, Ravi Rajan & Co. LLP, Former Chairman, BSE Ltd, Former Member, SEBI’s Takeover Panel & SEBI’s Mutual Fund Advisory Committee; Alka Nangia Arora, Chairman & MD, NSIC; Dakshita Das, Former Civil Servant: Additional Member, Ministry of Railways, Former MD & CEO of National Housing Bank & Member Board of Directors of Bank of India; Sudhendhu J. Sinha, Advisor, NITI Ayog, GOI; Sunil Srivastava, Former Deputy MD, Corporate Accounts Group, SBI; Padmanabhan Raja Jaishankar, MD, IIFCL; Ajay Thakur, Head SME & Startups BSE Ltd.; Srinath Sridharan, Corporate Advisor; Rajnish Goenka, Chairman, MSME Development Forum & Tobu Cycles, MKM Group and Raman Sidhu, Chairman EBG Federation among others.

The panel discussions and keynote sessions in the summit took an insightful turn of events with topics such as SMEs are driver and key to a five trillion economy; Restructuring MSM & emerging business loans; Growth of infra & its impact on MSME sector; Digital agency support - #MakeitBig for emerging business; Financial inclusion of women led merging businesses & MSMES; Unlocking the value of the companv through listing; Big dreams for small entrepreneurs; Emerging opportunities for MSME; Lessons to learn from European SMEs; Compliances, policies in favour & risks involved for the SME world; Change of policies & adaption for encouraging emerging & small Businesses in India; Bridging rural sector & employment; Role of women entrepreneurs with emerging business & the ecosystem - Ghar Ghar Me Ek Uddyami; Atmanirbhar bharat - MSME, Indian economy's strength; SMEs shaping Indian GDP growth; Innovations - a boom for emerging business and NSIC - Role in go vocal for local.

This summit and awards is a gathering of the best-emerging businesses and serves as a platform to honour their achievements and contributions to restoring financial stability.

To know more, register and nominate now at https://bwevents.co.in/event/5th-edition-emerging-business/#nominate