Published On: Tue, Nov 12th, 2019

Czech Republic wants to partner with Indian MSMEs for skill transfer and digitalization

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National Campaign for Accelerating Business to enable India MSMEs for technology absorption.

 

Bengaluru: The highlight of Bengaluru Edition was the local SMEs got a special opportunity to meet up a 10 members official SME Delegation from Czech Republic, led by the Ambassador of Czech Republic to India Mr. Milan Hovorka, visiting India for seeking Indian SME Partners in the sectors of Textile, Travel & Hospitality, Biotechnology and E-commerce.

Mr. CS Prakash, Hon. Consul of the Czech Republic; Mr. Patrik Reichi, CEO, CzechInvest; H. E. Mr. Milan Hovorka, Ambassador of the Czech Republic to India; Mr. Vinod Kumar, President, India SME Forum and Mr. Ravinder Bhan, Business Coach during the lighting the lamp in the INDIA SME FORUM ‘Business Xpo’

Mr. Vinod Kumar, President of India SME Forum said, “The scale of digital transformation this country presents is tremendous and Greater digitization of MSMEs has the potential to triple  the MSME sectors GDP contribution (from the current 8% share), heighten employment opportunities for India’s growing workforce and enabling economic growth. India SME Forum is committed to take global best practices and solutions to all the MSMEs of India with the support of Ministry of MSME and Intel”.

Roshni Das, Director – Marketing, Intel India, asserts, “MSMEs are the backbone of Indian economy for driving future innovation and growth of the country. Intel is committed to working with the ecosystem to ensure education, technology access and support for these businesses. We’re excited to collaborate with the India SME Forum to digitally empower MSMEs in India, enabling greater productivity, efficiency, opportunity and business success,”.

Mr. CS Prakash, Hon. Consul of the Czech Republic, Mr. Patrik Reichi, CEO, CzechInvest, H. E. Mr. Milan Hovorka, Ambassador of the Czech Republic to India, Mr. Vinod Kumar, President, India SME Forum and Mr. Ravinder Bhan, Business Coach are seen during the INDIA SME FORUM ‘Business Xpo’

With 730 million people using the Internet by 2020 and 700 million smartphone users by 2022 MSMEs can benefit a lot provided Government backed incubation centers scale up further for MSMEs to go digital.

MSMEs are a major contributor of employment in India, for e.g. in FY’16 123 Mn workers were employed by MSMEs. Indian tech startups can help a lot MSMEs, Tech platforms like SAAS and business analytics can help MSMEs.

In a survey conducted by India SME Forum as a part of its annual State of the MSME study in 19 states, over 34% of the overall 1,29,537 MSME respondents are employing digital means of communicating with Employees, Customers and Suppliers whereas only 7% have fully embraced digital technology or SAAS Solutions. Over 50% of the MSMEs highlighted several benefits (increase in profitability, operational efficiency & improved customer engagement), however 70% of the MSME respondents cited lack of knowledge as key barrier for wider adoption.

India SME Forum in association with MINISTRY OF MICRO SMALL & MEDIUM ENTERPRISES, Government of India and Intel is organizing this kind of ‘Entrepreneurs Day Out’ in a series of cities. Already it has happened at Ahmedabad, Hyderabad, Pune and Jaipur and post Bangalore will travel to Cochin, Mumbai, Chandigarh and will culminate in Delhi.

Mr. CS Prakash, Hon. Consul of the Czech Republic, Mr. Patrik Reichi, CEO, CzechInvest, H. E. Mr. Milan Hovorka, Ambassador of the Czech Republic to India, Mr. Vinod Kumar, President, India SME Forum and Mr. Ravinder Bhan, Business Coach seen on stage in the INDIA SME FORUM ‘Business Xpo’.

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