World Trade Center Goa and World Trade Center Mumbai jointly organized an Interactive Session with Mr. Rajesh Batra, Head - Center for Micro, Small & Medium Enterprises (MSME), Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, Government of India on 4th December 2019 at Panaji Goa.
Mr Rajesh Batra, said that the Government is trying to remove the plethora of rules and regulations governing the sector. He further noted that presently there are 35 laws, that the MSMEs have to follow and the Government would look to streamline the existing laws to weed out unwanted laws and make a conducive environment for MSMEs to operate in. While stating that MSMEs play a vital role in the economy, he opined that lack of funds and lack of talent are the main problems adversely affecting the MSME Sector's growth.
During the meeting Mr. Prasad Kulkarni, Assistant Director, MSME Development Institute, Goa, spoke on the Cluster approach which would be highly beneficial to the MSMEs. He said that Common Manufacturing Facilities that the Clusters would provide would help many MSMEs to enhance production by using these facilities. He spoke on the Ship Building and Coconut based clusters that could be implemented for the State of Goa. Mr. Kulkarni, also spoke on the Trade Receivables e-Discounting System, a platform which facilitates the discounting of both Invoices as well as Bills of Exchange thus making it easier for the MSMEs to manage their finances.
Earlier, Ms. Rupa Naik, Senior Director, World Trade Center Mumbai, welcomed the delegates and spoke about the role and importance of social media in promoting business. She urged local business unit owners to please join the Social Media platform to promote their businesses through which they could reap rich benefits for their respective business ventures. She opined that Social Media platforms would give local business an international exposure thereby proving advantageous for promoting exports.
On the occasion Mr. Cyril Desouza, Assistant Director, Trade Promotion, World Trade Center Goa, introduced the Expert Panels WTC Goa has initiated and introduced the professionals who will be on Panel. He further elaborated on the strong network of the World Trade Centers Association's presence of 300 World Trade Centers in nearly 90 countries that could be of immense benefit to the MSMEs in exporting their products and services.
Seen in the picture (L-R):
Ms. Rupa Naik, Senior Director, World Trade Center Mumbai, Mr Rajesh Batra, Head, Centre for Micro, Small & Medium Enterprises (MSME), Indian Institute of Corporate Affairs, Government of India, Mr. Prasad Kulkarni, Assistant Director, MSME Development Institute, Goa and Mr. Cyril Desouza, Assistant Director, Trade Promotion, World Trade Center Goa.