MSMEs are primed to unleash their boundless potential on IndiaMart.
NEW DELHI, June 27 (The CONNECT) – Strategic collaborations, appreciation of medium and small industries resilience to the pandemic crisis and their role in the Indian economy emerging as a global force marked the celebrations of the World MSME Day, today.
SMEStreet, a prominent MSME-focused media platform, and DealPlexus, hub for financial services, have announced a strategic collaboration to provide proactive support for growth-seeking MSMEs and startups in India, fostering their education and empowerment through digital and offline mediums.
The collaboration will focus on various aspects of MSMEs, shedding light on the opportunities for growth and development. By leveraging digital and offline mediums, the collaboration aims to equip MSMEs with the knowledge and resources needed to thrive in a dynamic business landscape.
In his message on the MSME Day, Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital said: "We salute the resilient spirit of MSMEs, which form the backbone of our economy. It is crucial for the growth of India and the prosperity of its people that MSMEs flourish. The future of India is intricately tied to the future of MSMEs. To truly achieve the vision of an Aatmanirbhar Bharat and a 5 trillion-dollar economy, the growth and sustainability of MSMEs are paramount. At U GRO Capital, we are dedicated to empowering MSMEs with innovative financial solutions, fostering their growth, and cultivating a thriving ecosystem where every MSME can contribute to the progress of our nation."
Dinesh Agarwal, Founder & CEO, IndiaMART said: "India's MSME sector, the second largest globally, is poised for a bright future. With transformative government initiatives like Atmanirbhar Bharat Abhiyan and the One District One Product scheme, bolstered by robust digital infrastructure and supportive marketplaces, MSMEs are primed to unleash their boundless potential. However, to truly empower these enterprises, there is a pressing need for enhanced credit enablement, with initiatives like digital lenders, account aggregators, and the innovative OCEN platform leading the charge. Collaboration between the public and private sectors is essential to drive this progress.
As we celebrate World MSME Day, let us acknowledge the pivotal role played by MSMEs in India's economy and advocate for further reforms that simplify tax regimes and streamline KYC processes, ultimately facilitating their seamless integration into the formal ecosystem."