Latest news with #SMEConnect
Hans India
4 days ago
- Business
- Hans India
Will strengthen MSMEs to power supply chains: M B Patil
Bengaluru: Emphasising the vital role MSMEs (Micro, Small , and Medium Enterprises) play in large-scale employment generation, Large and Medium Industries Minister MB Patil said that the state government is focused on integrating MSMEs into the global supply chain. Speaking at the Inaugural session of MSME Conclave- a three-day event organised by KASSIA, FKCCI, and the Peenya Industries Association- Minister Patil said that the MSME sector forms the backbone of Karnataka's industrial ecosystem. He affirmed the government's commitment to fostering its growth through proactive collaboration with the Central Government. ' Karnataka's vision is clear: to become a $1 trillion economy by 2032, powered by our MSMEs. Our objective is to build a more inclusive, sustainable, and globally competitive industrial future,' he emphasised. 'For the same amount of investment, MSMEs generate significantly more jobs than large-scale industries. For instance, with an investment of Rs 10,000 crore, while large industries might create around 10,000 jobs, MSMEs can generate nearly 1.25 lakh jobs,' the Minister explained. He noted that mega industries require a robust supply chain for efficient functioning, and strengthening MSMEs is critical to meeting this demand. The government will continue to support MSMEs through targeted incentives and industry-friendly policies, he assured. 'Across Karnataka, MSMEs—from cutting-edge startups to traditional manufacturers—are building world-class products, boosting exports, and creating jobs. At the national level, MSMEs contribute 30% to India's GDP, generate Rs 15 lakh crore in exports, and provide employment to over 15 crore people. Karnataka is proud to lead with over 38 lakh MSMEs, setting an example in innovation-led and inclusive industrial growth, Patil remarked. State's new Industrial Policy includes targeted incentives such as capital subsidies, power concessions, and easier land access in backward regions. Through the SME Connect initiative, over 1,800 MSMEs have been engaged on Industry 4.0, with more than 60 already adopting advanced technologies. Platforms like VentuRISE are enabling startups and small manufacturers to scale through mentorship and funding, Minister highlighted. 'We are also expanding industrial infrastructure in tier-2 and tier-3 cities to ensure balanced development beyond Bengaluru. These initiatives aim to boost annual manufacturing growth to 12% and create 2 million jobs by 2029. The government is simplifying approvals, promoting digital governance, and integrating MSMEs into global supply chains—where many are already thriving as suppliers and innovators,' Patil noted. He also acknowledged the challenges MSMEs face—such as access to credit, availability of skilled labour, and testing facilities—and assured that the government is actively addressing these issues through targeted policy interventions. Deputy Chief Minister DK Shivakumar, Minister for Small Scale Industries Sharanabasappa Darshanapura, Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje, FKCCI President MG Balakrishna, KASSIA President MG Rajagopal, KSSIDC Chairman T Raghumurthy, and MSME Department Director Nitish Patil were among those present.
Business Standard
17-05-2025
- Business
- Business Standard
FedEx Powers India's Small and Medium Enterprises to Think Big, Ship Smart
VMPL New Delhi [India], May 17: Federal Express Corporation ("FedEx"), the world's largest express transportation company, is empowering India's small and medium enterprises (SMEs) to scale innovative ideas and reach global markets through its SME Connect series--an initiative bringing tailored logistics, digital tools, and strategic insights to emerging business hubs. "As SMEs accelerate their ambitions, we're matching that pace with smarter solutions, stronger infrastructure, and deeper engagement," said Nitin Navneet Tatiwala, vice president of marketing, customer experience, and air network, Middle East, Indian Subcontinent, and Africa (MEISA), FedEx. "Through our SME Connect platform, we're delivering more than packages--we're enabling aspirations for SMEs to compete on the global stage." Launched in 2019, SME Connect has evolved from a knowledge-sharing forum into a dynamic advocacy platform. In FY25, FedEx introduced new formats--SAMPARK, ANUBHAV, and MANTRA--to engage businesses in a more personalized way, aligned to their lifecycle and sectoral challenges, and connect them to global opportunities to thrive in this digital age. These efforts also support national programs like Invest India and Directorate General of Foreign Trade's, One District One Product (ODOP) and District Export Hub (DEH) initiatives, promoting regional export hubs and sector-specific growth in cities like Rajkot, Ghaziabad, Lucknow, Kota, Pune - Chinchwad, Bhilwara, etc. To date, SME Connect has engaged over 5,000 SME customers and prospects through 58 editions held across 55 cities in India. FedEx connects India's entrepreneurs to international markets through its robust network, now featuring 23 weekly flights in and out of India. -FedEx International Priority®: Critical shipments reach key markets in 2-3 business days. * -FedEx International Connect Plus® (FICP): Affordable international e-commerce shipping across 14 AMEA markets, delivering in 1-3 days. * Furthermore, FedEx is investing in digital intelligence to help SMEs in India simplify operations and improve end-to-end shipment visibility. - The FedEx Import Tool (FiT) streamlines imports with real-time tracking, digital documentation, and proactive alerts. - FedEx® Delivery Manager International (FDMi) gives customers flexibility to manage delivery preferences. - FedEx Ship Manager™ automates label generation and paperwork, while the Electronic With Originals feature speeds up customs clearance with digital submissions. -FedEx One-Stop Shop (FOSS) simplifies logistics by integrating FedEx Express and FedEx Logistics services into a single, user-friendly platform. FedEx remains committed to powering the ambitions of India's SMEs by combining global capabilities with local insights. As seen in its recent digital brand film with Chennai Super Kings, which celebrates bold business dreams, FedEx is championing the spirit of out-of-the-box thinking and helping entrepreneurs turn those ideas into global success stories. For more information, visit the FedEx shipping service site. *Transit times vary by origin and destination. For full details, please refer to the get rates and transit time page. About Federal Express Corporation Federal Express Corporation is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. Federal Express Corporation uses a global air-and-ground network to speed delivery of time-sensitive shipments by a definite time and date. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
