Latest news with #MSMEXcelerate2025
The Hindu
16 hours ago
- Business
- The Hindu
Indigenous innovation is India's strongest shield: FICCI defence panel leader
Operation Sindoor proved indigenous innovation is India's strongest shield, Federation of Indian Chambers of Commerce & Industry (FICCI) National Defence and Homeland Security Committee Co-Chair Ashok Atluri said on Friday. 'Homegrown drones, equipped with inbuilt detectors, jammers and radars, successfully neutralised Chinese drone threats without a single imported component,' Mr. Atluri said, addressing MSME Xcelerate 2025, organised by the FICCI. He said that research and development is not a luxury but a necessity for companies, especially Micro, Small and Medium Enterprises (MSME). 'While day-to-day operations may feel all-consuming, ignoring R&D risks irrelevance. Identifying the right area and committing focus can lead to transformative breakthroughs. India must innovate for the world, not just for local markets... funding is no longer a barrier,' he said. FICCI in a release said that the event with 'Innovation, Technology, Sustainability' as its theme sought to empower MSMEs by connecting them with emerging technologies, sustainable practices, and smart financial strategies. National Small Industries Corporation (NSIC) Zonal Head and General Manager V. Suresh Babu said NSIC is a key enabler for MSMEs across India, helping them market their products to government departments and public sector units. As an NSIC-registered member, MSMEs enjoy several benefits, including exemption from tender fees and security deposits, making it easier to participate in government tenders. Chairman of FICCI Telangana Defence and Aerospace Committee P. Radhakishore said that while the government of India has taken commendable steps to support MSMEs through regulatory reforms, compliance ease, and sustainability-focused schemes, support at the State level remains limited despite MSMEs being vital contributors to GDP and employment. FICCI Telangana State Council Chairman V.V. Rama Raju and Executive Committee member Deepti Gaddam spoke.
Hans India
a day ago
- Business
- Hans India
FICCI launches MSME Xcelerate for growth thru sustainability
The Federation of Indian Chambers of Commerce and Industry (FICCI) Friday launched its flagship initiative, MSME Xcelerate 2025, in Hyderabad, aiming to transform India's micro, small and medium enterprises (MSMEs) into global growth engines through innovation, technology, and sustainability. Themed 'Innovation, Technology, Sustainability,' the conference was inaugurated by Ashok Atluri, Co-Chair, FICCI National Defence & Homeland Security Committee and CMD of Zen Technologies Ltd., alongside V Suresh Babu, Zonal Head & GM, NSIC. Other dignitaries included P. Radhakishore, VV Rama Raju, and Deepti Gaddam. Delivering the keynote address, Atluri highlighted the success of Operation Sindhoor, where indigenous drone technologies helped neutralise external threats without a single imported component.
Time of India
a day ago
- Business
- Time of India
‘Op-Sindoor' proved indigenous innovation is India's strongest shield
Hyderabad: Operation Sindoor proved that indigenous innovation is India's strongest shield. Homegrown drones, equipped with inbuilt detectors, jammers, and radars, and without a single imported component, successfully neutralised enemy drone threats, Ashok Atluri, Co-Chair of FICCI's National Defence & Homeland Security Committee, said on Friday. Atluri, who is also the chairman & managing director of Hyderabad-based Zen Technologies, said R&D is not a luxury but a necessity, especially for MSMEs, in his inaugural address at FICCI's MSME Xcelerate 2025. "While day-to-day operations may feel all-consuming, ignoring R&D risks irrelevance. Identifying the right area and committing focus can lead to transformative breakthroughs. To thrive globally, India must innovate for the world, not just for local markets. R&D can propel India to global leadership, and funding is no longer a barrier in India," he said. V Suresh Babu, zonal head, National Small Industries Corporation (NSIC), NSIC-registered MSMEs get several benefits, including exemption from tender fees and security deposits, making it easier to participate in govt tenders. "Under the public procurement policy, it's mandatory for PSUs to source at least 25% of their requirements from MSMEs. It's a golden opportunity MSMEs must leverage. NSIC also supports MSMEs in showcasing their offerings through exhibitions, with up to 80% subsidy provided for domestic participation," he said. FICCI's Telangana State Council Chairman VV Rama Raju said though MSMEs are the lifeblood of the Indian economy with a 30% contribution to the GDP, they face several challenges in today's rapidly evolving economic environment. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
