India’s SME stalwarts felicitated

Aug. 2, 2012 - PRLog -- India’s SME stalwarts felicitated
Delhi Assembly speaker Dr Yoganand Shastri presents Laghu Udyog Awards
New Delhi, 2nd August, 2012: At a glittering ceremony organised by Global Small & Medium Business Chamber of Commerce, stalwarts connected with the SME industry were honoured by Dr. Yoganand Shastri, Hon’ble Speaker of the Delhi Assembly with Laghu Udyog awards. Present at the ceremony were Guest Of Honour, V. Kanan, Executive Director, Oriental Bank of Commerce, Naseer O Okoth, First Secretary, Kenyan High Commission, Rajeshwar Painuly, Executive President, Global SMB Chamber  and VK Bansal, Executive Director Global SMB Chamber.
The Laghu Udyog Mitra award went to Mr  Rajen Kumar, Chief Editor, SME World Magazine, while the Laghu Udyog Gaurav award went to Harideesh Kumar B, General Manager & Regional Head
Vijaya Bank and Mr B Shriram, Circle General Manager, State Bank of India. The highest honour Laghu Udyog Ratan Award went to Dr. H.P. Kumar, Chairman & Managing Director, National Small Industries Corporation for his outstanding contribution to growth & Development of Indian SMEs
The purpose behind these very special awards is to appreciate the contributions of individuals and institutions in highlighting the critical importance of the SME sector. Small and Medium Enterprises or SME’s have played a pivotal role in India’s growth story, contributing 8% of the GDP, and 40% of the total exports from India.  This sector of the Indian economy comprises a whopping 95% of all industrial units in the country and 45% of the total manufacturing output.
On this occasion a brochure pertaining to the Africa International Engineering & Technology Fair  was released. This is scheduled to be held on 6-7 December 2012 at Nairobi ,Kenya and has been  organised by Global SMB Chamber of Commerce ,Industry & Services. This is another step towards creating a global market for Indian SMEs.
With a view to spreading awareness about the importance of the SME sector to the Indian economy through the length and breadth of the country, SMB Chambers plans to hold an SME meet and felicitation ceremony in the state of Uttrakhand as well as in Hyderabad in the coming months.
According to the Chief Guest, Shree Yoganand Shastri, there was a time when India was renowned the world over as the proverbial golden bird and it is through initiatives like the one taken by SMB Chambers to draw attention to the SME sector that India’s glory can be restored.
According to Rajeshwar  Prasad Painuli, Former Member of Vigilance and Monitoring Committee for Uttarakhand, “SMEs are the lifeline of our country’s economy, and have rendered yeoman service to the nation despite so little access to institutional finance. I am glad that initiatives such as these will encourage the sector”
One of the key men  behind this great initiative, VK Bansal the Honorary Executive Director of the SMB Chamber, the organisers of the event said, “ With these awards we hope to bring to the fore the contributions of outstanding individuals and organisations that have made selfless contributions to  the SME industry.”
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Global Small & Medium Business Chamber of Commerce, Industry and Services was established to assist Small & Medium Businesses to be globally competitive and capable of holding their own against the best. SMBs are the backbone of any nation’s economy and India is no exception.  The Global SMB Chamber sees itself as a facilitator in the process of exploring and unlocking the potential of SMBs worldwide by helping them to expose themselves to global business practices. This is achieved via various means of communication and networking like organizing exhibitions, meetings and seminars both internationally and in India. Our constant endeavour is for Total Technology adoption by SMBs which in turn will not only foster business, but also help them in making their delivery standards world-class.

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