Confederation of Micro, Small & Medium Enterprises launched

Focus areas of Ficci-CMSME will be to facilitate policy consultations with govt

Industry body Ficci today launched the Confederation of Micro, Small & Medium Enterprises (CMSME), an umbrella organisation to promote the growth of the MSME sector.

"Schemes can be initiated to incentivise the growth of MSMEs and an ecosystem needs to be created, which celebrates the success of an MSME instead of expressing doubts about its achievements," Additional Secretary & Development Commissioner (MSME) Amarendra Sinha said at the launch here.

The focus areas of Ficci-CMSME will be to facilitate policy consultations with government, legal & taxation, finance, marketing & quality standards, procurement, environment, technology & innovation, and start-up & entrepreneurship.

"The Government has devised special schemes for the sector, yet one of the most common issues faced by MSME sector is non-availability of adequate and timely credit at cost effective rates. High input costs along with varied rules and regulations across states further create obstacles to their operations," Ficci President Naina Lal Kidwai said.

Ficci-CMSME members will be able to access the services of Credit Facilitation Centre at FICCI where in SIDBI's knowledge partner would be providing free credit advisory and ensuring faster availability of credit and finance at low cost.

"CMSME will work towards strengthening policy consultations with the Government and address a plethora of concerns from taxation, marketing, quality standards to procurement, and assist MSME sector to adhere to environment norms and other compliances," Kidwai said.

CMSME will also assist member MSMEs for improved quality and standards through expert training programmes and provide Intellectual Property (IP) services at affordable rates.

"CMSME's role will be similar to that of FICCI but will be dedicated to the growth of the MSME sector. In order to empower member MSMEs, we have tied-up with several partners who would be supporting us," Chairman of Ficci MSME Committee Sanjay Bhatia said.