MSME DEFEXPO: Aviation Sector Offers Huge Scope for MSME Growth | SupportBiz

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MSME DEFEXPO: Aviation Sector Offers Huge Scope for MSME Growth

 
With a need of 20 lakh skilled manpower in the aviation and the allied defence sector, the scope of growth for the MSME sector is huge
MSME DEFEXPO 2015 concluded on a high note with sessions highlighting the importance and role of the finance sector in the domain of MSME. The day-long programs saw various financial institutions like State Bank of Hyderabad, Canara Bank, Small Industries Development Bank of India (SIDBI) take part and as they provided an in-depth overview of the action plans. Also, in another event a Vendor development program was conducted by Hindustan Aeronautics Limited (HAL) to support the MSME sector
 
The session started with some of the major banks coming forward to elucidate further on various aspects of banking solutions to encourage the growth of the MSME Sector. Speakers at the conference were-, C.G. Shaha Deputy General Manager –MSME Wing, Canara Bank, Bangalore,  Anadi Charan Sahu, GM &Regional Head of SIDBI (Hosur) and  Rajendra Assist. General Manager-State Bank of Hyderabad.
 
With a need of 20 lakh skilled manpower in the aviation and the allied defence sector, the scope of growth for the MSME sector is huge. With huge potential comes some great challenges. Availability of fund, shortage of capital and Research and Development were some of the key challenges put on table. Through the conglomeration of various stockholders the conference laid a platform to seek the solutions and craft a way forward.
 
“The potential of MSME sector is huge. There are lot of schemes and offers for the MSME units and entrepreneurs that many banks including ours are willing to provide. With non-collateral loan worth Rs 1 crore up for taking alongside easy processes and a friendly finance environment we are here to tap the growth of the MSME,” said M. Rajendran- Assist. General Manager-State Bank of Hyderabad. He further added that the State Bank of Hyderabad was the largest bank in Hyderabad in terms of facilitating and providing support for the MSME unit.
 
Speaking on the Vendor Registration and development program at the event Mr. P.G Yogindra General Manager-Integrated Materials Management HAL mentioned that the institution is open for outsourcing activities in the ambit of Sub-contracting, Hydraulics, Fuel Systems, Avionics to name a few. “From E-procurement to transparent tendering process we have formulated several ways to encourage the various MSMEs that contribute effectively in the defence sector. The Vendor program from HAL is on for systems and component designs, Manufacturing, tool design, document scanning and storage to name a few,”
 
The MSME DEFEXPO 2015 provided companies with an optimal opportunity to showcase their capabilities in the domains of defence, aviation, aerospace and homeland security. The Indian Aerospace & Defence’s expenditure on capital acquisition is estimated to be at around USD 120-150 billion in the next 10 years, along with a simultaneous investment of $30 billion by the Govt. of India. Additionally, with the Homeland Security market poised to grow at Rs 1.18 lakh crore by 2017, from the current Rs 80,000, the possibilities are endless.
 
Around 200 MSME exhibitors including 10 International Original Equipment Manufacturers (OEMs) like Boeing, Airbus, Honeywell, Zen Air Defence Canada CEMILAC etc. are participating in this exhibition.