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THE INSTITUTE OF COMPANY SECRETARIES OF INDIA 38th NATIONAL CONVENTION OF COMPANY SECRATARIES

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Title: THE INSTITUTE OF COMPANY SECRETARIES OF INDIA 38th NATIONAL CONVENTION OF COMPANY SECRATARIES


1
THE INSTITUTE OF COMPANY SECRETARIES OF
INDIA38th NATIONAL CONVENTION OF COMPANY
SECRATARIES
  • EMERGING CONTRIBUTORS TO INCLUSIVE GROWTH
  • MICRO SMALL AND MEDIUM ENTERPRISES
  • S.K.AGGRAWAL,
  • MA., LL.B., M.B.A., F.C.S.
  • DIRECTOR,
  • VIMAL ORGANICS LTD.
  • SEPTEMBER 2, 2010

2
  • SME Sector is important, needs no elaboration
  • How and why SME sector is successful and is the
    economic catalyst for the country ?
  • Let us look at some data
  • compiled by
  • MSME MINISTRY
  • ANNUAL REPORT 2009-2010

3
GROWTH AND PERFORMANCE OF MICRO, SMALL AND MEDIUM
ENTERPRISES (MSMEs)
  • The Sector accounts for
  • 28 million units
  • 65 million people employed
  • 6000 products
  • 45 of manufacturing output
  • 40 of the total exports of the country

4
(No Transcript)
5
NUMBER OF ENTERPRISES IN MSME SECTOR
6
EMPLOYMENT IN MSME SECTOR
7
  • Recognizing the contribution and potential of
    the sector, the definitions and coverage of the
    Small Scale Industry (SSI) sector were broadened
    significantly under the Micro, Small and Medium
    Enterprises Development (MSMED) Act, 2006 which
    recognized the concept of enterprise to include
    both manufacturing and services sector besides,
    defining the medium enterprises.

8
MSME Sector Higher Growth Rate viz-a-viz
overall industrial sector
  • COMPARATIVE DATA ON GROWTH RATES OF MSE SECTOR

YEAR GROWTH RATE OF IIP (BASE 2001-02) () IPP (OVERALL INDUSTRIAL GROWTHRATE OF SECTOR) ()
2002-2003 8.68 5.7
2003-2004 9.64 7.0
2004-2005 10.88 8.4
2005-2006 12.32 8.1
2006-2007 12.60 11.5
2007-2008 13.00 8.0
9
NATURE OF ACTIVITY
SECTOR ()
Manufacturing/ Assembling/ Processing 66.67
Repairing Maintenance 16.33
Services 17.00
10
TYPES OF MANAGEMENT/OWNERSHIP
No. of enterprises managed by No. of enterprises managed by
Male 86.17
Female 13.83
Total 100
11
TYPES OF ORGANIZATION
DISTRIBUTION BY TYPE OF ORGANISATION DISTRIBUTION BY TYPE OF ORGANISATION
Proprietary 90.36
Partnership 3.85
Pvt. Company 2.69
Pub. Ltd. Company 0.53
Cooperatives 0.30
Others 2.27
12
  • According to YouGov and Legatum Institute Survey
    of 4000 business SME in China and India, the
    Indian entrepreneurs say their main motivation is
    independence, being ones own boss.
  • reported in the Economic Times dt. 11.08.2010
  • FICCI has set up
  • FICCI MSME Intellectual Property Facilitation
    Centre in association with MSME Ministry, Govt.
    of India

13
  • SME STOCK EXCHANGE
  • SMEs contribute around 20 of GDP and are
    the largest generator of employment
    (approximately 25 million). In India, SME sector
    is the second largest employer, after
    agriculture. With the Indian economy growing at
    more than 9 percent and size of the economy
    crossing the 1 trillion mark, the need of SMEs
    to raise capital is becoming increasingly
    critical SEBI discussion Paper

14
  • SEBI Issued a modal listing agreement for SMEs
    seeking listing on SME Exchange 12 Aug 2010
  • 2. At present, nearly 3000 SMEs trade through
    BSE which number is expected to grow manifold
  • ET, Friday June 4,2010
  • 3. There are 210,000 listing under the heading
    SME Stock Exchange in India, at the Google
    Search Engine.

15
  • .

IN THIS BACKGROUND LET US EXAMINE THE
CHARACTERISTICS OF THE SME SECTOR
16
SALIENT FEATURES OF SMES
  • 1 Instant decision making
  • No notes, no papers, no consultation
  • Gut feeling
  • Personal Knowledge
  • Personal first hand information
  • No time clock for work (0 HRS to 24 HRS )
  • Often times more often than not everyone in
    the family is a contributor to business

17
  • 6 Negligible labour problems interpersonal
    relationship between the owners and the employees
    is intimate.
  • And when he needs, he can always take help from
    outside, but here he always remembers (even if he
    has not read E. Dickinson)
  • That Love is all there is,
  • Is all we know of love,
  • it is enough,
  • the freight should be proportionate to the
    groove.

18
  • Achievement motivation motivates none more than
    a SME entrepreneur.
  • Here everything is in First Person Singular,
    there is hardly any plurality.
  • Centralized and yet decentralized

19
  • Personal attention to every detail he would
    almost personally know all his employees, know
    his customers and know his suppliers. He would
    also know, again personally, all the associates
    in the Electricity Department, Excise, ST, IT,
    Local Police Station, etc.
  • SME sector- there is no unemployment in fact it
    is a big fraud by Politicians that there is
    unemployment. Where are the men available ?
  • SME sector is the largest provider of trained
    manpower to large scale sector

20
RISING INDIAN MIDDLE CLASS
  • Consumer spending in Asia is likely to reach 32
    trillion by 2030
  • Asia to contribute 43 of worldwide
    consumption in next 20 years
  • 205 million Indians joined the ranks of those
    spending 2 to 20 per day from 1990 to 2008
  • Over the next two decades, the Indian middle
    class is expected to touch 1 billion mark.
  • The Economic Times, 20th August 2010, Page-4

21
  • This confirms that an individual CS can carve out
    a profitable niche for himself.
  • be a job-provider as against a job-seeker
  • turn employer and not worry to be employee
  • be a master of his own destiny
  • Instead of working within a Delegation of Powers
    given by others, enjoy all the power given unto
    himself.
  • Untold , Unlimited freedom
  • - financially
  • - emotionally
  • - psychologically

22
  • THANK
  • YOU
  • A PRESENTATION BY A COMPANY SECRETARY TURNED
    ENTREPRENEUR
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