MSMEs in Goa are on the path of exponential growth with Laghu Udyog Bharati’s Goa MSME Adhiveshan
Laghu Udyog Bharati’s (LUB) Goa MSME Adhiveshan began with a thriving success with the participation of many enthusiastic entrepreneurs and business owners at the iconic Durbar Hall, Raj Bhavan, Dona Paula.
Featuring the presence of many dignitaries, sessions were conducted by Union Ministers and industry experts on MSME Policies, Business Branding Tools, Technology for Business Automation, Identifying Non-Conventional Sources of Finance, Why and How of Exports, Action Plans for Growth of MSMEs and Business Opportunities for MSMEs during Amritkaal, and much more in the presence of Dr. Pramod Sawant, Chief Minister of Goa; Narayan Rane, Union Minister for MSME; and Mauvin Godinho, Minister of Industries and Transportation (Goa).
Bringing MSMEs in Goa under one platform are on the path of exponential growth with Laghu Udyog Bharati’s Goa MSME Adhiveshan.
The event commenced as per the timeline of the agenda in the presence of dignitaries with the launch of the Goa Unit of Laghu Udyog Bharati. The inaugural session began with the National President of LUB, Baldevbhai Prajapati, welcoming Union Minister Narayan Rane and Chief Minister Dr Pramod Sawant. He spoke about LUB’s history, stating that it commenced in 1994 and with its consistent efforts the MSME Ministry was formed in 2002. Over the years, LUB has grown across the length and breadth of the nation with 789+ units across the country and a membership of over 41,000+MSMEs from every corner of India.
Live sessions were conducted by the Union Minister Narayan Rane, a network with 650+ MSMEs across Goa, sessions by industry experts on the latest MSME policies, learning the latest in Technology for Business Automation, Simple Tools for Business Branding. The sessions of the speakers commenced with identifying non-conventional sources of finance, a panel discussion with industry leaders, business opportunities for MSMEs during Amritkaal and Ask the Experts.
Addressing entrepreneurs, business owners and other attendees, Narayan Rane, Union Minister for MSME stated, “It is truly wonderful to see this room full of people who share the same goals in becoming successful business leaders. It is a responsibility that necessitates that skills and knowledge of potential individuals; therefore, we are here to help MSMEs with enhanced networking opportunities for them to grow. We think that Goa is a state that has conquered and will continue to conquer many business sectors, and now the MSME sector should blossom in all spheres. Goa relies heavily on tourism revenue, but now the emphasis needs to be placed on MSMEs.”
He further added that Goa has around 96% of the industries in the micro category and the state should now try to move them into the small industry sector during the next five years. A permanent industry is an absolute necessity for a state to generate stable income and urged the Goa government to formulate concrete plans to ensure that there is a booming industrial activity. Calling upon all stakeholders, Narayan Rane asked them to work together and instil vibrance in the state’s economy. He challenged all the micro industries to grow to small industries and all small industries to grow to medium, the Union Minister said that although Goa has a high per capita income compared to other states, its citizens should be looking to match the levels attained by developed nations. To assist in faster growth of the MSMEs, Rane assured to establish a technology centre in South Goa.
Taking the vision of Swayampurna Goa forward, Chief Minister of Goa, Dr. Pramod Sawant, said “In order to establish numerous MSMEs that serve the needs of the Goan markets, we must import more in order to satisfy tourist demand. This will reduce our reliance on imports and provide Goan youth with employment opportunities.”
He further said that Prime Minister Narendra Modi has announced this era as Amritkaal for the promotion of the MSMEs and it is the right time for Laghu Udyog Bharati to promote the causes of MSMEs, so that a better environment for them is created in Goa. Dr Sawant also assured that his government will take all the required efforts for the promotion of MSME’s in Goa. He also congratulated Rajkumar Kamat as being the founder president of the newly launched Goa Unit of Laghu Udyog Bharati.
Furthermore, the State President of LUB Goa Rajkumar Kamat, explained; “Being portrayed as a reliable stepping stone for all business owners in Goa and entrepreneurs present here, it is a true honour for LUB. Our sole objective on this day is to support the developmental growth of MSMEs in Goa and ensure that each of you leaves with a full web of knowledge which will be extremely helpful to you and your business in the near future. The creation of a better environment for MSMEs in Goa is essential, and the government will support all efforts to promote MSMEs across the state.” He also added, while Goa State Industries Association (GSIA) and Goa Chamber of Commerce and Industries (GCCI), are doing a great job of engaging with the state government, there is a need to take up MSME related issues with the Central Government, as well.
The Goa unit of Laghu Udyog Bharati will be primarily focusing on this aspect as well as supporting the Growth of MSMEs in Goa.
Following are the Office Bearers of the newly formed Goa unit of Laghu Udyog Bharati: Rajkumar Kamat (State President); Manoj Patil (State Vice President); Arman Bankley (State Gen. Secretary); Mudit Agarwaal (State Jt. Secretary); Mandar Mhapsekar (State Treasurer)
Three industrialists recognised by the National office of LUB and awarded for: Shekhar Sardessai (MSME Inspiration Award); Damodar Kochkar (MSME Leadership Excellence Award); Pallavi Salgaocar (MSME Women Leadership Excellence Award).
The following sessions and panel discussions were held throughout the timeline of the event:
– Pre-inaugural and launch of Goa Unit of Laghu Udyog Bharati
– The inaugural with Narayan Rane, Dr. Pramod Sawant and other dignitaries
– Ajay Thakur, Head of SME and Startups at BSE India brought out and underlined points of growing through BSE SME IPO.
The MoU signing between Government of Goa and BSE SME. Nitin Kunkolienkar, President Emeritus, MAIT called attention to Amritkal Opportunities for Goan MSMEs.
Vijay Dube, Executive Director, Punjab National Bank and Principal Sponsor of Goa LUB addressed the Adhiveshan on the Role of Banking in MSME Growth.
Followed by the Goa MSME Inspiration and Excellence Awards and the MSME Woman Leadership Excellence Awards felicitated at the hands of the Union MSME Minister Narayan Rane and the Chief Minister of Goa, Dr Pramod Sawant.
The event then moved to its knowledge session starting with Amit Kumar, co-founder and CEO of MSMEx, serial entrepreneur and angel investor, where he highlighted the series of Unlocked 20x Value through Equity Fundraising.
Ameya Mohane, IIM Alumnus, and leading brand consultant with 15+ years of experience highlighted points on a brand weapon for SME growth.
Kewal Kishan, Business Administration Coach and TEDx speaker focused on points of anytime, anywhere Business Process Automation.
This was followed by a panel discussion moderated by Harshvardhan Bhatkuly, publisher-editor of Business Goa, along with panelists Damodar Kochkar (GSIA President), Pravimal Abhishek (MD, GIDC), Ravindra Sonawane (National VP, LUB) and Bikram Kumar Sethy (AGM, SIDBI Goa) on the ‘Action Plan for Growth of MSMEs’.
Also, Dr. Rajat Srivastava, Director and Regional Head, EEPC India, Mumbai spoke about the why and how of exports
Nearing the end of the event, Alexio Lourenco, Chairman of GIDC, Guest of Honour shared a few words of admiration and the event concluded with Mauvin Godinho, Minister of Industries and Transport Goa, who was the Chief Guest, addressing the dignitaries and attendees in light of the initiative and interest in the Goa MSME Adhiveshan by LUB.
Godinho appreciated LUB for facilitating the MoU between Directorate of Industries, Government of Goa and BSE’s SME Stock Exchange which includes awareness creation and guidance to SME’s wishing to access equity funds through capital markets.
This approach would help SME’s unlock the value of their business created through hard work of multiple decades.
It would also help wealth creation and growth of business, said Godinho. He appealed to the MSMEs to derive benefit of this initiative.
LUB separately signed an MoU with MSMEx, an ed tech start up operating in the MSME domain, focusing on helping MSMEs work out growth strategies, system implementation, funds management and guiding on all co-lateral aspects.
