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Last updated: 26 Sep, 2014  

Industry4.Thmb.jpg Opportunities galore for MSMEs in ASEAN, African markets

India ASEAN Africa MSMEs
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Bikky Khosla | 28 Jul, 2009
It has been a trying time for all with demand from traditional trade markets showing a downward trend. And for micro, small and medium enterprises (MSMEs) it has been a painful time as they watched their products lying in their warehouses for lack of customers. The decline in demand has also affected production and there have been job cuts in various sectors like textiles, handicrafts, etc. We are not expected to get major contracts in the midst of this downturn from the US, UK, and European markets as was the case earlier.

The current crisis brings out global interconnectedness. Since we live in a big global village our economy is also exposed to the global market, and will therefore, not escape some slowdown.

India is however, better positioned to withstand the worst. I'm confident that a 7 percent growth is not beyond us this year and that it shall not be long before we fully regain our growth momentum. However the role of the MSME sector in very important to bring the country's economy back on track. The undeniable contribution of the sector over the years calls for a change of strategy amidst the current economic scenario.

The current downslide which has affected most MSMEs since last year, calls for a paradigm shift in their strategy and in exploring new markets. They need to look beyond the US, UK and European markets and focus on the Asian and African markets to strengthen their position and hedge themselves against risks.

Today, MSMEs should look at tapping the ASEAN and African markets. These markets are very large and are growing and have a better fit in terms of cultural understanding.

With the Free Trade Agreement (FTA) in goods expected to be signed between India and the 10-member ASEAN during the India-ASEAN summit, I have reasons to believe that this FTA will open several doors for Indian MSMEs to explore the markets in these nations.

Apart from the ASEAN markets, the African continent too has a lot to offer to MSMEs in terms of trade opportunities. After Asia, Africa is the second- fastest growing region. Since cost-effective and effective Indian technologies give us a unique advantage, Indian companies should accelerate their investments and technical tie-ups with African partners.

Africa today is an emerging market. Several nations in the continent still remain untapped - a big opportunity for Indian MSMEs. However apart from merchandise exports, the MSME sector has to look at playing a facilitator's role for larger companies in sectors including, but not limited to agriculture, mining, ICT, oil pipelines, automotive plants, chemical industry, power generation and transmission, etc. MSMEs fit well into the supply chain of larger companies and can easily fulfill their demands in Africa for new technologies, engineering services and manufacturing capabilities for local value addition. 
 
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Africa trade
P.G.Panikkar | Thu Jul 30 02:43:00 2009
There is great potential to trade with African countries.With my experience of one yer in Nigeria,I find that products from P.R.China are flooded there where as I found very small quantity of Indian products. Main problem with African countries is the law and order there , stability of the companies, corruption and lack of integrity .So one should be careful in handling them.But there is great potential and a detailed market research is needed to be done.Indian textiles, medicines , machinery etc have great export potential.We can import many things like leather also.


Opportunities galore - MSME's in ASEAN- AFRICA region
Vinay Joshi | Wed Jul 29 19:15:42 2009
Dear Mr.Bikky, Your editorials have always been appreciated highlighting various issues. In fact encouraging to those seeking information. The growth estimate 7% cited by you, probably should be 6% as per my Q1 analysis. Which MSME’s manufacture in anticipation of demand? Yes, decline in overseas demand has affected all industries, except pharma, to a certain extent, yet growth. I do agree with your clarion call ‘that paradigim shift in strategy must for MSME’s’.The FTA ASEAN is a long way, there will be if’s & but’s, till WTO Doha isn’t concluded. The African on the whole as well as MENA markets are remunerative. Payment questions arises. MSME can be facilitator for power generation! As stated by you,Differ! MSME'constitue 40% industrial output.MAJORITY unaware about govt's stimulus package, industry specific. This is FICCI survey. My concern is benefits not percolating. How many MSME's are aware that they can avail loans from nationalised banks? Loans upto 18.75L without collateral, insured. How many MSME exporters are aware about MDA?[Ministry of Commerce assistance.]How many registered with EPC's? How many know about export incentives? Apart,pre/post shipment credit or acceptable L/C, FTP, FEMA, Cus ntfn's etc; This is grim scenario, in your endeavour i participate to inform all, your editorials should also be informative comprehensively addressing growth issues. The editorials should cover ECGS [AAS]extension till 2010, MDA up by 148% to Rs 124CR.

  Re: Opportunities galore - MSME's in ASEAN- AFRICA region
rkiran.metro@yahoo.in | Thu Jul 30 13:02:53 2009
post your views in msme review

  Re: Re: Opportunities galore - MSME's in ASEAN- AFRICA region
vjk.pandian | Thu Aug 6 06:14:57 2009
we are leading suppliers for paper cup machine and paper cups.I am int tie up with african buyers.pls refer to importes,and msme industry.early as possible.

  Re: Opportunities galore - MSME's in ASEAN- AFRICA region
B.Shrinivasan | Wed Aug 5 08:41:46 2009
Dear Sir, African market is highly potential and i say this with my personal knowledge of East and West African markets. But beware of the customers and payment.

  Re: Re: Opportunities galore - MSME's in ASEAN- AFRICA region
vjk.pandian | Thu Aug 6 06:24:30 2009
e Inroduce ourselves as a company,an Authorised Dealers for supply of PAPER CUP FORMING MACHINE throughout our Nation. The present Glopal Waring need Echological proven products of human usage.And accorgingly.We are promting the usage of paper cups among the general public.and play a vital role in Pollution control.Our Machine made paper cups are very much Echo-friendly and Pro-Environmental one,as they are easily DECOMPOSABLE. ack will be for working capita The Paper [Hide Quoted Text] cup forming machine are available ready stockwith us.The raw materials namely PE coated boards also are available freely in the open market. Marketng of finisehed products is wide demand in the local and global market are huge.profit margin will be very on very much higher Side. Above schemes like DIC,PMEGP,TIIC,MSME,EDP, SELF HELP GROUPS,NSIC.Etc and other Govt Financial Institutions Hence we reguest you to, 1, Kindly include our companys name in your panel ofApproved projects and suppliers, 2,Refer our companys name to your eligible sponsored promoters. For further details,please contact us. Our company address JK PAPER CUP MACHINE CO 169/1 AKP MIDDLE ST SIVAKASI TAMIL NADU INDIA MOBILE NO 94433 76326,93671 75406 Email-sales@jkpapercupmachine.com - jkpapercupmachine@rediff.com www.jkpapercupmachine.com


MSME
Ravi Ajitsariya,Guwahati | Wed Jul 29 18:14:45 2009
India is once again fighting with the continue slump in the wholesale and retail market, due to the various reasons, best known to us. With the disturbing news of low rainfall this year, we will face the burn of fallout in the retaiul market, especially there will be low buyings from the rural sector, which is giving a boost to the retail sector.

  Re: MSME
rkiran.metro@yahoo.in | Thu Jul 30 13:05:53 2009
subscribe msme review


 
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