Concept of Green Economy is not new to India, but Indian MSMEs still have a lot to be done in this field, Mr Sivasubramanian Ramann, Chairman, SIDBI

Sharing the concept of Green Economy, Mr Sivasubramanian Ramann, Chairman, SIDBI, while addressing the members of PHD Chamber of Commerce and Industry, mentioned that the concept is not new to India but we still have a lot to be done in this field to be able to achieve our target of being in the list of the top global economies, said Mr Sivasubramanian

Mr Sivasubramanian mentioned that even though the MSMEs are the founding stones of Indian economy and the sector plays a very crucial role in the development of Indian economy, but there still persists lack of awareness amongst the MSMEs about the growth prospects in the Green Economy, like the SDGs, ESG’s etc, which is hindering their further growth.

Mr Sivasubramanian Ramann, Chairman, SIDBI mentioned that the government is trying to get all MSMEs under the ambit of the Udyam Registration Scheme to aid all MSMEs for easy access to loans for business growth. Also, traders are being brought under the MSME umbrella to extend the easy access loan facility to them as well.

Despite a lot of pressures in the macro – economics scenario, India still has a lot of growth prospects ahead. But ability to bring in low cost funds for technology up gradation and influx of investment in this sector should be focus for a game changing future, added Mr Sivasubramanian

Appreciating the untiring efforts of SIDBI, Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry mentioned that the MSMEs are the founding stones of Indian economy and the sector plays a very crucial role in the development of Indian economy. To meet the financing, promotion and development requirement of MSMEs sector, the Government of India set-up the Small Industries Development Bank of India (SIDBI) on April 2, 1990.

The SIDBI banks being an important nerve of modern organized society can play an important role in the SSIs transformation. They provide the infrastructure on which agriculture; industries and trade of nation depend, added Mr Multani.

The session was attended by industry stakeholders, both physically and virtually.

 The Session was sponsored by PHDCCI’s Annual Sponsors – Multani Pharmaceuticals Ltd; Star Wire; PG Industry; Uflex Ltd; DLF Ltd; Continental Carriers Pvt Ltd; Belair Travel & Cargo Pvt Ltd; Radico Khaitan Ltd; Jindal Steel & Power; MMG Group; Paramount Communications; Superior Industries Limited; JK Tyre & Industries Ltd; SMC Investments and Advisors Ltd; Crystal Crop Protection Ltd; Sagar Group of Industries; Samsung India Electronics; Comtech Interio; R E Rogers; AYUSH Herbs Private Ltd; Apeejay Stya Group; DCM Shriram; EaseMyTrip; Blossom Kochhar Beauty Products Pvt Ltd; Oswal Greentech; Trident Group; MV Cotspin Ltd; Synergy Environics Ltd; Ajit Industries Pvt Ltd; P S BEDI & Co.; Indian Farmer &Fertilizers Corporation Ltd; Jindal Steel; Hindware Sanitary; Modern Automobiles; Livit Ltd; Central Coalfields Ltd  ; Axa Parenterals; Bhagwati Plastic and Pipes Industries; J K Insurance Brokers Ltd; DD Pharmaceutical Ltd.