“De­layed Pay­ment is a ma­jor prob­lem in East zone”: FOSMI

PCQuest - - CONTENTS - – Anushruti Singh anushrutis@cy­ber­me­dia.co.in

FOSMI’s ob­jec­tive is to fa­cil­i­tate in­dus­trial de­vel­op­ment mainly in the mi­cro and small sec­tors. FOSMI rep­re­sents the in­ter­ests of its mem­bers through col­lec­tive ef­forts. It has reg­u­lar di­a­logues and ex­change of views with var­i­ous Gov­ern­ment and Semi-Gov­ern­ment or­ga­ni­za­tions, Fi­nan­cial In­sti­tu­tions, Banks, Pro­mo­tional Agen­cies and oth­ers con­nected to the MSME Sec­tor. FOSMI has rep­re­sen­ta­tions on the fol­low­ing Com­mit­tees and Boards, where it’s rep­re­sen­ta­tives voice the prob­lems and pro­mote the cause of the MSME sec­tor. In a SMB gath­er­ing in Kolkata Ex-Pres-

ident of Fed­er­a­tion of Small and Medium In­dus­tries, West Ben­gal DK Mo­hta, in an in­ter­ac­tion with PC Quest talks about as­so­ci­a­tion deeds and present sce­nario of the mar­ket.

Tell us about FOSMI and how it is help­ing SMBs in Kolkata?

We are one of the ma­jor as­so­ci­a­tion in Kolkata for small scale in­dus­tries and we have 27 af­fil­i­ated as­so­ci­a­tions with us and we are mainly rep­re­sent­ing the prob­lem of the small scale sec­tor through the var­i­ous agen­cies which are con­cerned with this sec­tor. We are now hold­ing num­ber of pro­grams, sem­i­nars. For ex­am­ple the hottest topic now is GST for this we have or­ga­nized quite a num­ber of pro­grams. Next new thing is lean man­u­fac­tur­ing for which we have de­signed two clus­ters. We have been in­stru­men­tal in that, and then that zero de­fect, zero ef­fect all the gov­ern­ment pro­grams we try to make aware our mem­bers about all the gov­ern­ment pro­grams. And when­ever they have any prob­lems we stand with them.

Any­one can be a mem­ber of FOSMI, we have all sorts of trade mem­bers in our or­ga­ni­za­tion. It doesn’t caters to one or par­tic­u­lar com­mod­ity it is for all the man­u­fac­tur­ers. And be­cause now the en­ter­prise is also added so we are also wel­com­ing them in our as­so­ci­a­tion as a mem­ber.

What are the plans ahead for FOSMI?

The plan is to work for traders com­mu­nity. We are go­ing to serve our peo­ple by all means. We will raise there is­sues and take it to the right plat­form. We are also work­ing with state gov­ern­ment to pro­vide help­ing hands to our mem­bers for this we are open­ing help cen­ters at var­i­ous places.

What are the chal­lenges that SMB faces here in Kolkata?

Here chal­lenges are too many. De­layed pay­ment is one of them, be­cause of the wagon in­dus­try be­ing here, most of the clients de­lay the pay­ments. It be­comes ma­jor prob­lem de­spite of fa­cil­i­ta­tion cen­ter be­ing there but it is not ef­fec­tive as should be. But thanks to the In­sol­vency and Bank­ruptcy Code 2016, which is help­ing us to tackle debt is­sues. Fur­ther GST is still a ma­jor af­fair for us, but we are sup­port­ing it as it is a good step from gov­ern­ment in the long run.

An­other mat­ter is to be tech­nol­ogy sound. We are in­sist­ing our mem­bers in ev­ery gath­er­ing to de­velop on tech­nol­ogy front. If we do not run along with newer tech­nol­ogy; do­ing busi­ness will be dif­fi­cult and we will fail in fu­ture.

DK Mo­hta,

Ex-Pres­i­dent of Fed­er­a­tion of Small and Medium In­dus­tries (FOSMI), West Ben­gal

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