The event saw leading thought leaders and experts of the banking sector share insights on how to drive and nurture a successful MSME along-with chronicling strategic inputs on raising funds
PUNE: Lexicon Centre of MSME Excellence, from the house of Lexicon Group of Institutes- one of India’s leading education hubs along with several other notable organizations organized a day-long seminar on Business Fundraising in Pune. The seminar saw distinguished thought leaders such as Raju Varghese, Project Mentor, Lexicon Centre of MSME Excellence, Anand Channe, Regional Head –ICICI Bank, Elite Trade Relationship Group –Pune, South Maharashtra & Goa, Sanju Unni, Chief Manager, Lexicon Centre of MSME Excellence amongst others share knowledgeable insights key aspects of driving an MSME.
India is a land of flourishing MSMEs. MSMEs contribute to around 30 percent of the country’s GDP, employing about 11 crore people and constituting nearly 40 percent of the total exports. These facts make it imperative for leaders and institutional heads to come together to nurture and foster the MSME ecosystem of the country. With this objective, Lexicon Centre of MSME Excellence along-with ICICI Bank, Apohan Corporate Consultants Pvt Ltd, and Deccan Chamber of Commerce Industries and Agriculture (DCCIA) spearheaded this one-day seminar and addressed topics such as MSME roadmap to becoming a public issue, Issues raising private equity, Raising 2 Crore funding without collateral from the bank, Integrated banking using Tally and other accounting systems amongst other interesting subjects. The seminar was attended by 30 MSME and Start-up professionals
Addressing the audience, Raju Varghese, Project Mentor, Lexicon Centre of MSME Excellence opined,
‘The skillsets required to start an enterprise and the skillsets required to manage an MSME are vastly different. This gap between the mindsets of an entrepreneur and a manager is responsible for many strategic issues for MSMEs. If these issues are identified at the right moment and handled skillfully, there is no stopping for an organization to succeed. We have the perfect talent in India that can drive the country’s growth and economy in the right direction. As educationists and leaders, it is our duty to harness this talent and strengthen their knowledge so that they can lead a diverse range of successful ventures.’
Anand Channe, Regional Head –ICICI Bank, Elite Trade Relationship Group –Pune, South Maharashtra & Goa addressed the seminar and said,
‘India is at the cusp of a phenomenal revolution. The start-up world has cascaded tremendous growth for a gamut of sectors and professionals across levels. We at ICICI Bank are always looking out for opportunities to support and nurture the start-up ecosystem of our country. In line with this endeavor, we have been engaging with start-ups, and MSMEs through investment programs and lending facilities, tailor-made for small businesses.’
Sanju Unni, Chief Manager, Lexicon Centre of MSME Excellence, spoke about the importance of self-assessment of own business and the need to implement timely corrective and preventive actions to ensure the smooth functioning of a business. He emphasized the benefits of taking bold steps and reiterated the need of working out of our comfort zone to gain progress.
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