With a vision to augment micro, small and medium enterprises (MSME) operations in Tamil Nadu, a SME Transformation Camp was organised by Power2SME the first ‘buying club’ for SMEs in India in association with the Coimbatore District Small Industries Association (CODISSIA) in Coimbatore. The event saw Mr. D Balachandran, Assistant General Manager, SIDBI and Mr. Sathesh Kumar, Deputy Director, MSME Development Institute, Coimbatore along with Senior management from Power2SME, addressing over 65 SMEs.
With the vast number of SMEs present in the region, the camp was aimed at strengthening operations and increasing the productivity and efficiency through adoption of technology and adapting to new methods of production. Through the association, Power2SME and Coimbatore District Small Industries Association (CODISSIA) would work towards educating SMEs to help them address issues which could affect their operations including the sourcing and timely procurement of raw materials and need for financial inclusion of SMEs, among others.
To bolster the operational efficiency of the SMEs, the session apprised and equipped the participants regarding business solutions and aims to connect with SMEs in the region through events being conducted throughout the year to help them overcome any hindrance in operations as regards access to working capital and procurement of raw materials.
Mr R Narayan, Founder & CEO, Power2SME said, “Tamil Nadu is a state bustling with opportunities and houses over 2.18 lakh MSME units. The SME Transformation Camps can greatly help MSMEs in the region enhance operations and profitability through creating an enabling environment for their growth and development. We intend to make the SMEs capable of augmenting their overall performance through adopting the solutions that would be extended through the sessions conducted under the initiative.”
Mr. R. Ramamurthy, President, The Coimbatore District Small Industries Association (CODISSIA), said, “With support of multiple government policies and schemes, Coimbatore offers a plethora of opportunities for business development and entrepreneurship. The MSMEs in the region have benefitted hugely with programs like the SME Transformation Camps organised. We hope that the participants would implement the knowledge they have gained and augment the business further”