MUMBAI, INDIA - The e-commerce industry in India to rise from $4.5 bn today to $45 bn in next 4-5 years, which is slated to revolutionize the way small and medium enterprises (SMEs) will do business - speakers said at the event ‘Realizing the potential of E-commerce for SMEs’, jointly organized by World Trade Center Mumbai and All India Association of Industries on March 26, 2015. The speakers dealt with issues from the right time to enter the e-Commerce platforms, to the changes required to do for the same and most of all, the change in attitude and mindset that the SMEs need to now develop.

The first panel comprised of Arindam Mukherjee, Mahesh Murthy, Partner, Seedfund, Rutvik Doshi, Director, Inventus (India) Advisors Sanjay Nagi, Managing Director, Market and Atul Tewari, COO, Quikr. Nitin Nayar, Managing Director Warburg Pincus, India Pvt. Ltd., moderated the first session. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Knowledge Group, moderated the second panel session. The speakers were L. S. Subramanian, Founder & President, NISE India, Dr. Sharat Airani, Director – IT & CSO, Intellinet Datasys L. K. Gupta, Chief Marketing Officer, Girnar Software (CarDekho) and Rupa Naik, Director-Project, World Trade Center Mumbai. The invigorating discussions were followed by probing questions by representatives of SMEs. The experts emphasized the need to be visible, innovative for SMEs in order to discover their business and reinvent. The fact is initial capital is required along with an open mind to outsource required services which is required for a strong foundation. The SMEs also asked the experts and WTC Mumbai to provide mentorship.
Vijay Kalantri, Vice Chairman of World Trade Center Mumbai, in his welcome address said that the business to business transactions and business to customer transactions, have succeeded, however the business to government transactions still need to find acceptability.

A handbook on ‘e-commerce… the way forward for SMEs’ during a panel discussion on ‘Realizing the potential of e-commerce for SMEs’ jointly organized by World Trade Center Mumbai and All India Association of Industries.

Caption : From (L-R) : Vijay Kalantri, Vice Chairman, WTC Mumbai & President, AIAI, Sanjay Nagi, MD, Market Insight Consultants, Atul Tewari, COO, Quikr, Nitin Nayar, MD, Warburg Pincus India Pvt. Ltd., Arindam Mukherjee, Vertical Head – Banking & Financial Services, Cisco Systems, & Rutvik Doshi, Director, Inventus (India) Advisors during a panel discussion on ‘Realizing the potential of e-commerce for SMEs’ jointly organized by World Trade Center Mumbai and All India Association of Industries

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