Neogi Technologies & Research Pvt Ltd

In order to help and support the MSME units in Defence Sector, Society of Indian Defence Manufacturers (SIDM) has taken an initiative which will act as a matchmaker between members MSMEs and Indian Defence Industry. The guest speakers were: Mr Jayant D Patil - President, SIDM, Mr S P Shukla - Vice President SIDM, Mr Baba Kalyani-Past President, Mr Sujit Haridas-DG, SIDM, Mr Praveen Toshniwal, Chairman, SIDM, MSME Subcommittee, Admiral Pritam Lal, Principal Advisor, SIDM and others. The Forum will endeavour to:

# Arrange guidance & support from offices under the Ministry of Defence and other Ministries, as may be relevant, wherever it is considered necessary.

# Arrange interaction with Customer organisations {Services and their lower formations, DPSUs, DRDO, HQs and their laboratories & establishments, OFB and Factories} to provide clarifications on policy provisions, procurement procedures, vendor registration procedures etc.

# Extend guidance and support, through internal resources of SIDM, to navigate the landscape of procedures/processes of customer organisations.

# Provide an interactive platform to member industries to discuss their specific issues/queries related to R & D, procurement procedures and processes of Customer organisations in the Indian Defence sector.It was also announced that SIDM is going to organise a VIRTUAL EXHIBITION between 18 May -29 May 2020. Mr Tarun Kr. Sen of NTR Pvt. Ltd joined the Webinar session.

Neogi Technologies & Research Pvt. Ltd. joined Special V C Session with Mr. Ram Mohan Mishra, SS & DC. Ministry of MSME on 21 April, Tuesday, at 11 am., through Webinar organized by Confederation of Indian Industry, Eastern Region MSME Subcommittee. Mr Shreekant Somany, Chairman, CII National MSME Council in his opening remarks expressed his views on the present situation of MSMEs due to COVID -19. He also proposed to the Government to introduce a Technology Fund only for MSMEs to make themselves competitive on Emerging Technologies/ Continuing Development. Mr. Ashok Saigal, Co-Chairman CII National MSME Council explained the present challenges and some recommendations suggested by CII. Mr Ram Mohan Mishra SS & DC, Ministry of MSME, Government of India pointed out few initiatives to be tabled shortly by the Government of India in favour of MSME to combat post-COVID-19 situations like arrangement of Fund for growth and survival, reduction of interest rate for Bank Loan, Re-Designing of different Schemes, New Guidelines for Cluster Development to cope up with the new challenges waiting at the door-step of Post-COVID- 19 environment and Fund arrangement for Innovation and to build competitiveness. He also advised that COVID-19 is a short term trauma after which big opportunities will knock on our doors. In the meantime, every MSME has to transform themselves to SMART MSME. 5S, Skill Development, Building Competitiveness, Knowledge Management, Lean Management, Restructuring etc. are the few steps required to enter post-COVID-19 Global Market / provide support service to foreign OEM/ collaborative approach with Industry giant. Mr Vijuy Ronjan, Chief General Manager, SBI explained the initiative of the SBI 'Fund for COVID-19 for MSME. On the present situation the " PNB initiatives" were explained by Mr Punit Jain GM MSME, PNB. Mr Tarun Sen of NTR Pvt. Ltd., FOSMI, Mr Todi of CII pointed out a few burning problems which checks the growth of MSMEs. Mr Somany was in accord with these views.

The COVID-19 has greatly shaken the Economic prospect of India and the entire world.

To deal with this situation, Mr Christopher Doyle, an expert, of TenX Growth Seminars, shared his own experience and put up a few simple strategies which he believes will help business not only to survive but also grow in the next twelve months after COVID-19 disaster. To cope up with the present situation, Mr Christopher has set out a few points, step by step, that every business can start immediately and expect to survive the economic crisis in the next two to three months and ensure recovery and growth after the crisis is over. Following are the points in brief:

1. Organisation must plan depending upon its own Core Competence

2. Allied diversification /New Idea.

3. Focused Goal: Look for opportunities

4. Reframing and turning problem to opportunities

5. Assign Probabilities to Assumptions

6. Goal Setting Framework >Strategies Leaderships – The art of setting goals in a Vision and Values-based Framework >a) Strategic Plan > b) Initiatives > c) Accountability> d) Evaluate And Iterate.

7. Collaboration

8. Innovation >Emerging Technology

9. Communication with > Existing Customers > Probable Customers>Channel Partners/ Suppliers >In-house Personnel

10. Motivational Activities

11. Skill Development > Futuristic Approach

12. Follow ICE Model

13. Use all Tools

14. Proper Cash Flow Management /Fund Management/Cost Management

15. Revenue Generation Initiative

16. Importance to better Customer Relationship Management

17. New Initiatives

18. Publicizes Core Competence

19. Brand Building Initiative

20. Market Research >Buyers behaviour>Changes in customer mind> Brand Loyalty >Competitors Products Positioning>How to get competitive advantage in the new environment.