Organized by The Hindu Business Line, the program saw enterpreneurs operating in the fields of technology, manufacturing, engineering and services in Gujarat interacting with experts on human resources, marketing, taxation and finance.
Setting the pace, Sunil Parekh, strategic adviser to Zydus Cadila Group, fielded questions raised by the participants in the marketing space while T.V. Rao, adjunct profession at the Indian Institute of Management - Ahmedabad mentored the industrialists on people management skills.
UTI Mutual Funds, who presented the event, discussed various aspects of finance and cash-flow management, which continues to be a major challenge for the MSMEs and showcased ways on how mutual funds could be used to make best use of surplus cash.
The day-long event helped the MSME owners to pick up tips on moulding their existing operations towards increased profitability and provided lessons on new ideas and expansion. Gujarat boasts of nearly four lakh registered and unregistered MSMEs that employs more than 20 lakh people.
Earlier, Kamal Dayani, Industries Commissioner, Gujarat Government, gave the entrepreneurs an insight in to the state government's increasing focus on small businesses and how Government machinery can be helpful in achieving growth in the challenging business scenario.
Addressing the challenges faced by the SMEs on the taxation front, officials from KPMG India interacted with entrepreneurs to resolve some of the basic myths prevailing in the SME space.