The concept of a Green Economy is not new to India, but Indian MSMEs still have a lot to be done in this field, Mr. Sivasubramanian Ramann, Chairman, SIDBI.
We are sharing the concept of a Green Economy with Mr. Sivasubramanian Ramann, Chairman, SIDBI, while addressing the members of Ph.D. The Chamber of Commerce and Industry mentioned that the idea is not new to India. However, we still have a lot to be done in this field to achieve our target of being on the list of the top global economies, said Mr. Sivasubramanian.
Mr. Sivasubramanian mentioned that even though the MSMEs are the founding stones of the Indian economy. The sector plays a very crucial role in developing the Indian Green economy. There is a lack of awareness amongst the MSMEs about the growth prospects in the Green Economy, like the SDGs, ESG, etc., which hinders their further growth.
Mr. Sivasubramanian Ramann, Chairman, SIDBI, mentioned that the government is trying to get all MSMEs under the Udyam Registration Scheme to aid all MSMEs with easy access to loans for business growth. Also, traders are being brought under the MSME umbrella to extend their easy access loan facility.
Despite a lot of pressures in the macroeconomics scenario, India still has a lot of growth prospects ahead. But the ability to bring in low-cost funds for technology up gradation and influx of investment in this sector should be a focus for a game-changing future, added Mr. Sivasubramanian.
The Chamber of Commerce and Industry mentioned that the MSMEs are the founding stones of the Indian economy, and the sector plays a crucial role in developing the Indian Green economy. To meet the MSMEs sector’s financing, promotion, and development requirement, the Government of India set up the Small Industries Development Bank of India (SIDBI) on April 2, 1990. Appreciating the untiring efforts of SIDBI, Mr. Pradeep Multani, President, Ph.D.
The SIDBI banks, an essential nerve of modern organized society, can play an important role in transforming SSIs. They provide the infrastructure on which agriculture, industries, and national trade depend, added Mr. Multani.
The Session was attended by industry stakeholders, both physically and virtually.
PHDCCI’s Annual Sponsors sponsored the Session – Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interior; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Central Coalfields Ltd; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.