MSMEs In Focus At Key Convention – Pune Edition

May 4, 2018

Maharashtra has been the reflection of India’s growth for decades, being the biggest contributor to India’s GDP, a key meeting was told.

The convention of Micro, Small and Medium Enterprises (MSMEs) entrepreneurs was addressed by Maharashtra Minister for Industries and Mining Subhash Desai.

Pantomath along with Government of Maharashtra arranged its third MSME convention in Pune after two successful events in Nagpur and Aurangabad.

Mr Desai said that Pune will be the next emerging business capital of the state.

In order to facilitate SMEs and provide them the platform for growth capital, the Government and SEBI launched SME Exchanges.

Since inception, 367 companies are listed on the SME Exchange of which, Maharashtra ranks second in terms number of companies listed and funds raised on SME exchange after Gujarat.

A total of 108 companies are listed from Maharashtra on SME platforms which accounts for 29% of the total number of companies listed.

Collectively there are 2700 SMEs in Pune out of which only five are listed and raised growth capital, considering the huge untapped SME market.

“Pantomath undertakes several initiatives for promotion of MSME sector in Maharashtra State in association with trade bodies, chambers, exchanges. Pantomath has collaborated with Government of Maharashtra for organising series of MSME Conventions across the state. Pantomath has also tied up with Yes Bank for undertaking joint initiatives towards development of MSME ecosystem across Maharashtra State.” Mr Mahavir Lunawat, Group Managing Director, Pantomath Group, said.

Maharashtra Chief Minister Devendra Fadnavis, in a letter to Pantomath, congratulated Pantomath for arranging MSME convention across Maharashtra and said such initiatives are important as they create visibility and credibility amongst SMEs besides inspiring them for wealth creation.

Minister of Commerce and Industry Suresh Prabhu communicated with gathered SMEs through video communication.

Mr Vishwanath Rajale, Joint Director, Directorate of Industries discussion on new policy initiatives of the Maharshtra Government for MSME sector. Dr Anant Sardeshmukh, Director General, Member of Executive Board, MCCIA, gave an overview of MSMEs and Pune.

YES Bank’s Regional leader Mr Neerej Medhekar explained easy banking for SMEs.

Mr Jignesh Raval, MD, Sintercom India Limited, Pune, congratulated Mr Mahavir Lunawat for arranging such convention in Pune and further appealed Pune-based MSMEs to take benefit of SME listing.

Mr Vijay Gupta, MD Softtech, shared his experience in the listing process. There was a Q&A session with SMEs on SME listing, debt raising and other operational problems faced by them.

Pantomath also felicitated Pune-based companies with Pune Business Excellence and Pune Brand awards. Kavita Thapliyal, ‎Anchor, Pr Correspondent – ‎CNBC AWAAZ initiated the panel discussion and the convention.

In a vote of thanks Mr Lunawat, thanked gathered along with chief guest and other speakers and announced opening of a Pantomath branch office in Pune.

The convention received overwhelming response, with more than 300 firms from Pune, and other parts of Pune region participating at the convention.