Small Business Congress 2011 unlocked greatest opportunities in today’s exciting small business environment as it opens new business avenues in products or services. The congress explored the environment for creating new business ideas, securing funding for growth, building teams, and concrete ideas to compete against giant businesses. It also provided a platform to the new generation employer to showcase his brand to the world of small businesses and get increased exposure for his business. Giving insights about the event, Franchise India’s President Mr. Gaurav Marya said, “Small Business 2011 mantra is small business is big business. The show is a great platform to bring out greatest business opportunities in today’s exciting small business world. SME can be rightly called as the backbone of the GDP of India, growing at an exceptionally fast rate due to which it is proving to be beneficial to the Indian Economy. These SME units contribute 35 per cent to the Indian Industrial Export. The contribution of the SME sector to the entire output of the country is 40 %.”
Mr. Namit Pandey, Director & Head – Yahoo! Small Business stated “Internet will play an important part to enhance SME’s ability to reach to its direct consumers in a big way, starting with Web presence growing to online advertising”.
Speaking on the occasion, Mr. Lakshman Gugulothu CEO, BSE SME Exchange opined “BSE SME Platform provides a great opportunity to the entrepreneurs to raise the equity capital for the growth and expansion of SMEs. It also provides the immense opportunity to the investors to identify and invest in the good SME companies at early stage. It will help unleash the valuation of the company and in the process create wealth for all the stakeholders including investors, besides considerable long term capital gains tax benefits and facility to exit at any point of time”.
The success in small businesses ownership is being defined through innovation, creativity, engaging top – notch talent, and raising capital. Medium and Small scale sector is a significant contributor to the Indian economy. This sector contributes eight percent of national GDP, comprises 50 per cent of India’s total manufactured exports, 45 per cent of India’s total industrial employment and 95 per cent of all industrial units. The SME sector in India however has been changing over time, mostly through changes in government policy.
The Small Business Awards 2011 aim to recognize and facilitate achievers, innovators and suppliers who have contributed significantly towards the development of Small and Medium enterprises in India. Adding on the occasion, Franchise India’s President Mr. Gaurav Marya said, “Small Business Awards 2011 is a great platform to network and share our knowledge with industry colleague. It is country’s one of the most prestigious and statistically analyzed awards that recognizes excellence in micro, small and medium businesses”
The awards also witnessed scintillating performance by Manasi Scott and had the famous film producer, Pritish Nandy as the Chief Guest.
The prestigious awards included: Small Business of the year; Life time achievement; Women entrepreneur of the year; Food and Beverage Business of the Year; Educational Business of the Year; Lifetime Achievement Award; Start Up of the Year; Manufacturing Business of the Year – Micro and many more. The awards were presented across 19 major categories spanning across different industry verticals. Using a fair and rigorous award process, people were selected for various awards.
