Winners from K. J. Somaiya Institue of Management and Research, Mumbai And Sinhgad institute of Business Management, Pune And Institute of Business Management and rural Development, Ahmednager

K. J. Somaiya Institue of Management and Research, Mumbai won the first prize

Lighting of the ceremonial lamp by Mr. Rajiv Gupte, Director, MSME Development Institute, Mumbai; Mr. Arvind Vaidya, Chairman, IES; Mrs. Meenal Mohadikar, Vice President, MEDC; Cdr. Dipak Naik, President, MEDC; Mr. Ram Bhogale, Chairman, Auto Cluster and President, Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA)


IES-MCRC and Maharashtra Economic Development Council (MEDC)in association with Government of Maharashtra and MIDC, had organized the 4th National Conference on Micro, Small and Medium Enterpriseson 20th November 2013 at IES’s Manik Sabhagraha, Bandra Mumbai.

The conference focused on “Clusters as Engine of MSME Growth”.The conference was well attended by Entrepreneurs, Industrialists, Policy Makers, Bankers, Students, Government Officials and representatives of Press and Electronic Media.

The conference commenced by the lighting of the ceremonial lamp by Mr. Rajiv Gupte, Director,MSME Development Institute, Mumbai; Mr. Arvind Vaidya, Chairman, IES; Mrs. Meenal Mohadikar, Vice President, MEDC; Cdr. DipakNaik,President, MEDC; Mr. Ram Bhogale, Chairman, Auto Cluster and President, Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA).

Cdr. Dipak Naik gave the welcome speech followed by the address of Mr. Arvind Vaidya. Mr. Bhushan Gagrani, IAS, CEO, MIDC in his special address, reiterated the special status of micro entrepreneurship by saying that MSMEs have been the backbone of industrialization, and there is an urgent need to strengthen and hasten the pace of development of this crucial sector.

Mr. Rajiv Gupte, Director, MSME Development Institute (MSME-DI), gave some real life examples of entrepreneurs who had benefitted from the cluster development approach. He also spoke about the national and state level vendor development programmes conducted by MSME DI where MSMEs are introduced tolarge scale buyers to facilitate business exchange.

Mr. Ram Bhogale, Chairman of Auto Cluster, said that the cluster development approach of the government has majorly helped in the adoption of new technology. Mr. C V Saraf, gave some briefing about the various activities and schemes by MSME-DI, which was well appreciated by the attending existing and new entrepreneurs.

Successful entrepreneurs operating from the MSME space, like Mr Ami Kumar, Mr. Bandopant Lad, Mr. Deepak Hogade, and Mrs. Lalita Bora shared lived experiences of their entrepreneurial journeys.

Bankers like Mr Abhishek Suryavanshi, Industrial Development Officer, Indian Bank and Mr. Rohit Bhujbal, General Manager, Greater Bank, spoke about the various financing schemes offered by their banks for the MSME sector.Mr. Saket Bhansali, Asst. Vice-President, MCX Stock Exchange explained how the SME exchange has become a new avenue to raise finance while Mr. Pradeep Joshi, Managing Director & President, Green Circle, briefed about the usage of green technology, in which a small business from waste products is been developed by many small scale companies.Ms. Sushma Kanetkar, Representative, Pennsylvania State, said that SMEs can become competitive by looking beyond the domestic market.

The last business session, had case studies presentations by b-schools from different parts of India. To recognize the efforts of the faculty guides and to encourage faculty-student joint projects, faculty guides were made part of the presenting team and for the first time in the country, faculty guides received an equal share of the prize money. The team from K J Somaiya Institue of Management and Research, Mumbai won the first prize of Rs 50,000, the team from Sinhgad institute of Business Management, Pune, were the first runners up winning prize of Rs 30,000 and the team from Institute of Business Management and rural Development, Ahmednager, were the second runners up and won a prize of Rs 20,000.

Lastly in valedictory session, Mr. P. S. Agwan, Vice- President, Chamber of Small Industry Association, highlighted the importance of capacity building for msmes. Mr. Shriram Dandekar in his concluding remarks summed up the discussions and appreciated the students of IES MCRC for a well-organized event. Dr. Minu Mehta, Professor, IES MCRC gave the vote of thanks and invited the delegates for the next MSME Conference.

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