IMC AND IIT BOMBAY ORGANIZE CONFERENCE ON ‘BUILDING SMART AND INTELLIGENT MSME’ TO FOCUS ON EQUIPPING DIGITAL BUSINESS SOLUTIONS

IMC Chamber of Commerce and Industry (IMC), a legendary organization with a single minded focus on sustainable growth, organized a conference on ‘Building Smart and Intelligent MSME: Harnessing Digital Business Solutions’ with IIT Bombay in Mumbai. The one day conference was conferred by guest of honour Dr Ajay Kumar, IAS, Former Defence Secretary, Government of India along with MR.M D Agrawal, Convener and Co-chairman - Digital Technology Committee, IIT Bombay, Mr. Anant Singhania, President, IMC, Mr. Samir Somaiya, Vice President, IMC, Ms. Sheetal Kalro, Deputy Director General, IMC and other key dignitaries from the chamber.

The key objective of the conference was to highlight the importance of digitalisation in the MSME segment. The one day conference saw delegates, event speakers, professors, and participants who came together for sharing thoughts and discussions to make the Indian MSME segment future ready and digitally strong. Several eminent speakers from Industry shared their insights and emphasized upon the need for Digital transformation across sectors like Defence, Pharma, IT, Finance, Digital Technology and more for building competitiveness and a robust economy.

Dr Ajay Kumar, IAS, Former Defence Secretary, Government of India inaugurated the session with his valuable remarks on ‘Development of defence industry ecosystem and taking its learnings for other sectors of MSME’. He added that India is currently one of the top 25 defence exporters in the world, and that there is a demand for India's defence exports on a worldwide scale. A major amount of the defence exports are manufactured, he continued, by start-up and MSME enterprises. He emphasised the significance of government initiatives that offer MSMES discounts and incentives. Additionally, he highlighted the successful rollout of Jeevan Praman's digital services for retirees, stressed the significance of implementing IT solutions quickly, implemented a policy framework to support the MSME sector, and tapped the tremendous opportunities and potential of MSMES and startups in Amritkaal of Independence.

Mr. Anant Singhania, President, IMC said, “MSMES significantly contribute to the nation's financial health and means of subsistence. Its progress and resilience represent the growth of the new India. Small businesses must be helped to increase their competitiveness, performance, and growth given their significant impact on the national economy. It is possible to achieve this by implementing e-commerce and digital economy programmes for the benefit of these MSMES'. The Covid19 pandemic hastened the course of digital transformation and increased the urgency. Government of India is relentlessly making policies to support this growth spurt and it has been made possible with Prime Minister Narendra Modi’s ‘Aatmanirbhar Bharat’ vision.”

The one day conference saw participation and informative sessions from key conglomerates like State Bank of India, Tata Consultancy Services, AWS, ZOHO, Alkem Laboratories Ltd., Vav Life Sciences, Mirum India, ONDC, Hitachi Systems Ltd., Schbang, Impeccker, Twinhealth Consulting LLP, and more.