Indian Professional Service Organisation (IPSO), an organisation of professionals willing to render service voluntarily, will help the small and medium enterprises attain global competitiveness. | |
| IPSO president and noted chartered accountant Pesi M Narielvala said IPSO would work like the British Executive Service Overseas (BESO), a body based in UK which has been practicing organised volunteerism. |
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| Narielvala said Indian SMEs were facing problems but retired and experienced professionals could bail them out by working with them. |
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| According to him, the foundry industry has a great scope in the changed economic circumstances. |
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| "Globally auto manufacturers are outsourcing foundry components and Indian SMEs could tap the opportunity," he said. |
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| Leather and engineering industries in the state could benefit too, he added. |
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| IPSO will interact with Indian corporate houses for supply of professionals for voluntary service. |
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| "IPSO will integrate corporate social responsibility with this initiative. I am optimistic IPSO will get support from Indian corporate houses," he added. |
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| IPSO would first try to help SMEs with management and project advice. |
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| Later, IPSo could guide them in raising capital for business. |
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| "IPSO will not only help existing SMEs but would also extend a helping hand to potential entrepreneurs. It shall address the issue of new enterprise development," he added. |
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| The funding for the initiative was yet to be decided but in the case of BESO, DFID of UK had funded a major portion of its activities. |
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| "BESO has so far undertaken 10,000 projects, most of them funded by DFID," he added. |
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