Sonipat SMEs join FSIA's IamSME of India for higher gains | SupportBiz

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Sonipat SMEs join FSIA's IamSME of India for higher gains

 
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Around 10 auto component manufacturers and 30-35 other SMEs from Sonipat (Kundli and Rai), Haryana have registered with IamSME of India - an arm of Faridabad Small Industries Association (FSIA), to reap the benefits from the various schemes offered by FSIA, The Economic Times reported.

Around 10 auto component manufacturers and 30-35 other SMEs from Sonipat (Kundli and Rai), Haryana have registered with IamSME of India - an arm of Faridabad Small Industries Association (FSIA), to reap the benefits from the various schemes offered by FSIA, The Economic Times reported.

IamSME, in collaboration with the ministry of MSME, provides professional training on enhancing the profitability with technological knowledge and other initiatives to the participating units.

The auto component business contributes around Rs 750 crore annually to the Sonipat economy. However, there was no fully devoted association for the auto units. Subhash Gupta, vice president of the Kundli Industries Association (KIA) said that, off late, Faridabad has become the auto manufacturers’ hub in the NCR. So an association like IamSME was eagerly awaited in Sonipat. In terms of bulk buying of raw materials and bulk insurance, IamSME is doing a good job, added Gupta.

Rajiv Chawla, president of FSIA said that, the auto units under IamSME will get the opportunity to interact with the auto leaders, which in turn will pave the way for further industrial development in Sonipat and Faridabad.

Implemented by World Bank and monitored by Bureau of Energy Efficiency (BEE), IamSME’s energy saving scheme worth $11.3 million has been funded by the UN and Small Industries Development Bank of India (SIDBI). Chawla said that, the guidelines suggested by the FSIA scheme on energy savings can help reducing the input cost by nearly 15-20 percent, which is an added advantage since energy plays an important role in the auto units.