eGrowth MSME Live Bulletin 13 Oct 2022
13th October 2022 2740
From The Editor’s Desk: The newsletter for the week is filled with positive news for MSMEs and other businesses from around the world. The economy of India is predicted to grow, and its manufacturing capabilities are also on the rising side. Africa is attempting to enhance its infrastructure while the US and Asian countries are pushing to advance technology. Continue reading to stay informed about current business developments worldwide. - Puneet Kaur Saluja

Weekly MSME News Updates

HIGHLIGHTS OF THE WEEK

India will stand out with 7% growth rate amid global gloom: EAC-PM member

India can expand at 9% in a favourable environment, like in the early 2000s, said Sanyal. According to the World Bank, the Indian economy is expected to increase by 6.5% between 2022-2023. The Modi administration’s extensive supply-side reforms over many years have resulted in a far more flexible and robust Indian economy today.

Daily Pioneer
International Business

Business Aims to Further Support Welsh SME Growth Overseas

To aid Welsh SME expansion into foreign markets, a range of financial and non-financial resources have been unveiled by Cornerstone International.  Its offering is exceptional for supporting business expansion, said Mark Collings. By its partnership with Equals Money, a component of the Cornerstone Overseas solution also enables businesses to gain from hassle-free international payments.

Business News Wales
International Business

Biden signs order to implement EU-US data privacy framework

The framework addresses the issues raised by the EU Court of Justice, which invalidated the previous EU-U.S. Privacy Shield framework. Gina Raimondo claims that the executive order stabilises and rebuilds trust in transatlantic data flows. With Biden’s directive, a two-stage mechanism of redress is established, with the first step, being a court with independent judges whose rulings would be binding on intelligence agencies.

CNN Business
Manufacturing

India steel output up 2.5% at 30 MT in Jul-Sep: Report

18.29 MT of steel were produced by the major steel producers: SAIL, Tata Steel, JSW Steel, JSPL, AMNS India, and RINL. Compared to 24.72 MT in July-September 2021, domestic consumption was 11.33 percent higher at 27.52 MT. As mills have resumed operation following a brief maintenance period, SteelMint stated that “the production is expected to improve in the quarter.”

Daily Pioneer
Manufacturing

World has expectations from India for the long term: Piyush Goyal

International businesses intend to establish manufacturing and R&D facilities in India to attract young, skilled labour. “The government is actively working to reduce hunger by providing food to over 80 crore people,” said Piyush Goyal. Currently, the world views India’s vast population as a benefit given its potential to become the future market

Mint
Startups

Billionaire Venture Incubation Launches a Special Purpose Vehicle for Startup Funding

Dr. Subhash Sukumar said the newly established SPV will set aside $200 million to provide financial support to more than 150 companies in Tamil Nadu, Karnataka, and Maharashtra. The SPV will assist many young businesspeople in fulfilling their dream of encouraging more startups. Also, it will help our nation’s knowledge base to grow and make more GDP-boosting contributions.

Modern Manufacturing India
Agriculture

Primary agricultural credit societies in all panchayats soon, North East to gain: Amit Shah

Only 65,000 PACS are now in operation, said Amit Shah. All panchayats must have one by 2027 to support agricultural and dairy endeavours. Over the next five years, the government is developing a plan to construct multipurpose PACS. Such PCS will sell gas and petrol and market dairy and agricultural products.

The Economic Times
North America

U.S. aims to hobble China's chip industry with sweeping new export rules

The array of measures may represent the biggest shift in American policy towards the technology transfer to China. Government representatives said a large portion of the regulations aimed to stop foreign companies from selling advanced chips to China or giving Chinese companies the means to produce advanced chips. They have not yet obtained guarantees that allies will take equivalent action.

NBC News
Europe

Berlin kickstarts process to inspire biomass strategies across the EU 

Berlin kickstarts process to inspire biomass strategies across the EU 

The German government wants to assure food security, resolve the conflict between using biomass as fuel and electrification and establish guidelines for policies in other EU nations. Cem Özdemir said that the National Biomass Strategy is a crucial tool for making sustainably produced biomass useful in a targeted and system-serving manner.

EURACTIV
Africa

The Nigerian finance minister lays out a budget plan of $2.3 trillion to defeat the infrastructure problem in the country

According to Zainab Ahmed, the department needs $2.3 trillion to address the infrastructural issues. The suggested plan calls for a 21-year rehabilitation programme that includes homes, agriculture, roads, and train tracks. The road projects would use the tax credit to pay for road improvements throughout six geopolitical zones that need to be rehabilitated and rebuilt.

 

Business Insider
LatAm

Brazil, with Mercosur partners, plans to become a global rice exporting hub

According to the Brazilian Rice Industry Association, the nation has the capacity to increase cereal production by 2.5 million tonnes. Andressa Silva said Brazil’s cost of growing rice is significantly higher than its Mercosur partners. With its output and the quantities it consumes, Brazil is attempting to establish itself as a Mercosur rice export hub.

MercoPress
Asia

Tech companies tapping artificial intelligence to treat and predict mental health disorders

Authorities in Singapore are collaborating with Holmusk to create a set of digital tools for hospitals and clinics. In order to analyse data from “notes-driven” mental health treatment, the company has also created an AI model. The goal is to use data to find and follow people who are at risk of acquiring the condition and spot the early warning symptoms.

Channel News Asia
Australia

Australian Bureau of Statistics data: Sign Aussie businesses are back on track

12 out of 13 industries had an increase in business turnover in August. The sector with the highest percentage increase was the transportation, postal, and warehousing sector, said Kate Lamb. Shipping and logistics firms were the main drivers of the 8.2% increase in August, a record-high month for item imports.

News.com.AU
International Education

CANADA LIFTS 20-HOUR WORK LIMIT FOR INT’L STUDENTS AS UK UNIVERSITIES INCREASE PRIVATE PARTNERSHIPS FOR LEVERAGE

It was a busy week for international education. For one thing, Canada has lifted the 20-hour, off-campus work cap for international students to help in augmenting their income. This move was largely met with praise from education stakeholders. In the UK, universities are employing the services of recruitment partners to increase their enrollment numbers which dwindled because of the pandemic.

M Square Media

Industry Insights

Business Insights

The Impact of 5G: Creating New Value across Industries and Society

According to analysis, 5G’s main contribution to industrial advancements will be through workplace improvement and worker safety by enabling efficient inspections using predictive intelligence. Currently, underserved areas (by the telecommunication system) may benefit from 5G’s capacity to offer high-quality internet connectivity. Strong stakeholder collaboration is required to ensure that the implementation of 5G is accelerated and its components are understood.

PwC

eGrowth Events

UPCOMING

UBUNTU - Global Business Opportunities

eGrowth and WASME (World Association for Small and Medium Enterprises) bring to you UBUNTU – Global Business Opportunities . This is a series of discussions for international trade promotion.

The Topic – International Trade Opportunities in Africa

Distinguished Panelists –
Prof. (Dr.) K.C. Jankee – Ambassador of Govt. of Mauritius in Russia

Mr. Dev Chamroo – Sr. Consultant at CITC Mauritius Ltd.

Mr. Jayson Ramasamy – First Secretary, Mauritius High Commission

Mr. Yogesh Amoroo – Lead Professional, Industry Sector Department, EBD

 

DETAILS
Day – Saturday, 15 October, 2022
Time – 4:00 pm – 6:00 pm
Venue – WASME Head Office, Film City, Noida
Fee – Rs 600

WHO MUST ATTEND
Importers | Exporters | Traders | Manufacturers | International Logistics | Tradeshows | Service Providers

International Business
Weekly Event

eGrowth Opportunity Exchange

We invite entrepreneurs like you for an online meeting where you get to introduce yourself, share what you do and what you are looking for.

This 1 hour leaves you with more business contacts and a number of opportunities.

Details
Day& Time – Tuesday, 5:00 PM India Time.
Medium – Online
FEE – FREE!!
Enquiry (WhatsApp) – +9182888 70365

COLLABORATION | EXCELLENCE | OPPORTUNITIES

Let’s grow together with eGrowth – www.egrowth.org

Business Networking
MSME Conclave

MSME Manufacturer & Service Provider Conclave 2022

MSME Manufacturer & Service Provider Conclave 2022, happened on 8th October at Hotel Le Meridien, New Delhi.

500+ manufacturers, service providers & exporters participated. 50% of surveyed MSMEs claimed to have benefited. The organizers expect about Rs 50 Cr worth business being exchanged during the day long conclave.

The event was conceptualized with 5 different aspects pertinent to the MSMEs-

  • Panel Discussion
  • Speeches by renowned experts
  • Business Networking
  • Exhibition
  • Awards & Recognition

The Conclave was inaugurated by Chief Guests –

The Chairman- Harish Chandra & President-Mahak Thakur confirmed that the report of Conclave will be submitted to the Ministry of MSME & Minister of Commerce & Industry.

Star International MSME Forum

eGrowth Promotions

WhatsApp Automation Tool

Sampark Setu

The best WhatsApp Marketing App is now FREE
Sampark Setu App, which allows you to send campaigns, create chatbots and organise contacts, is now free and available on the play store

This is an excellent tool to send personalized messages through WhatsApp.

 

Sampark Setu App
Industrial Expo

IMT Industrial Expo 2022

IIAF is organizing IIAF INDUSTRIAL EXPO 2022 for the Industries based in Faridabad District at IMT Faridabad, Delhi, and NCR .

Dates – 10, 11 & 12 December 2022

Venue – HSIDC Club Ground, IMT Faridabad

We invite you to participate in this expo to expand your business to Faridabad/ NCRregion.

Contact us for booking
Get in touch with eGrowth to get exclusive deal for booking the space.

Contact number – 9899116054
Email id – info@old.designyourbusiness.in

The last date for submission of the Application Form is 1 December 2022.

IMT Industries Association Faridabad

eGrowth Updates

eGrowth Family

Anand Pole rejoins eGrowth as Expert Industrial Processes & Accountable - Maharashtra

eGrowth is pleased to announce Anand Pole as our Expert Industrial Processes and Coordinator – Maharashtra. Anand comes with a rich experience of over 4 decades.  He has been an operations person. He has been a “Functional Expert” while rolling out ERP for NRB Industrial Bearings Ltd.

He has also served as the Secretary General for CMIA, Aurangabad 

In his current role he will –
?Represent eGrowth across the state of Maharashtra.
?Build industry contacts and provide industry solutions
?Subject Matter Expert for Industrial processes

Join us to welcome Anand as we strengthen our resolve to serve MSMEs.

eGrowth Family

Samar Swain joins eGrowth as IT & Web Technologies Expert

eGrowth is pleased to announce Samar Swain as IT & Web Technologies Expert.  Samar comes with a diverse experience in service industries. In his previous role he was Vice President – IT at M Square Media. He lead the team to manage the properties like MSM Unify, a comprehensive platform for International Education.

In his current role he will –
?Deliver the IT & Web projects eGrowth will pick.
?Scale up the IT infrastructure for eGrowth
?Act as a bridge between IT and Digital Transformation teams

Join us to welcome Samar as we break new ground in the MSME space.

eGrowth Partner

Rudranarayan joins eGrowth as PR, Media and Digital Marketing Expert

eGrowth is pleased to announce Rudranarayan Das as a PR, Media and Digital Marketing Expert. He is a product of Indian Institute of Mass Communication. Rudra runs Shriyans Media which is a complete media agency. They have delivered over 400 projects till date.

As an eGrowth partner Shriyans Media will –
?Execute PR & Media projects for eGrowth members.
?They will also take up Digital Marketing assignments
?In addition they will also be managing the Digital Optimization of eGrowth channels

Join us to welcome Rudra as we raise the bar for MSME services.

Shriyans Media
MSME Solutions

eGrowth Solutions

At eGrowth we are a part of your solution, rather than adding to your problems. We want you to ask for more. And for this we are ready with our solutions.

?Business Finance Solutions –

  • Deal Structuring | Equity| Sale / Purchase | Borrow / Loans | Investment

?Business Transformation Solutions

  • Mission | Market | Message | Media | Measurement

?Business Management Solutions

  • Mentorship | Business Skills | Manpower

?Vendor Development Solutions

  • Machines | Material | Infrastructure | Methods

?Business Networking Solutions

  • eGrowth.org | Social Media | WhatsApp | YouTube | Newsletter | Opportunity Exchange | eGrowth Mixers

Why eGrowth

Technology enabled B2B marketing

eGrowth is a multi-channel, Sales and Business Development Platform for MSMEs. You get new customers, reliable vendors, new business opportunities and focused outreach. Here is a partial list of benefits you may get as we associate –

  • Expand your sales funnel
  • Master your Digital Transformation Journey
  • Get reliable vendors and partners
  • Raise Money & Invest Money wisely
  • Gain from the collective knowledge of other entrepreneurs
  • Accelerate your journey as an entrepreneur.
  • Expand your business globally
  • Learn from the industry leaders and masters

 

 

Explore What's In It for Your

Partner with eGrowth

eGrowth is a cost effective channel for you to expand your reach to manufacturers, importers, exporters, MSME service providers and MSME solution providers. We can design some  creative and pocket friendly MSME outreach solutions for you.

Disclaimer

eGrowth team works hard to ensure that you receive the very best news and information related to MSMEs every week. Unfortunately, mistakes can happen in spite of our best efforts. We ask for your patience and understanding when it does as we continue to strive for excellence.

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