MSME Newsletter 8 May 2023
8th May 2023 8870
This newsletter covers the varied international trade that takes place between the various countries. Whether it be relations between India and Latin America, Australia and China, or Britain and Australia, everything is discussed in this article. Also, if you're curious about how India's manufacturing and agricultural sectors are developing, you can click below to read. -Puneet Kaur Saluja

HIGHLIGHTS OF THE WEEK

GPT 20 HIGHLIGHTS

ChatGPT maker OpenAI raises $300 million funding at around $29 billion valuation: report

Several venture capital firms have acquired more shares, including Sequoia Capital, Andreessen Horowitz, Thrive, and K2 Global. Microsoft’s financing for OpenAI was previously announced. The particular financial terms of the agreement were not disclosed by either party, although media sources indicated that Microsoft had invested $10 billion in the business.

Economic Times
G20 India

3rd Education Working Group meeting concluded in Bhubaneswar

G20 India’s 3rd Education Working Group meeting concludes today in Bhubaneswar with a commitment to ensure the betterment of learner’s with respect to skilling, upskilling and reskilling. The 3 day seminar and meeting held from 26th-28th April 2023 had discussions focussed around priority area 3 ‘Building Capacities, promoting life-long learning in context of future of work’ in the seminar.

PIB India
6th India- Canada Ministerial Dialogue

Sh. Piyush Goyal to visit Canada for the 6th India- Canada Ministerial Dialogue on Trade and Investment

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Shri Piyush Goyal along with Hon’ble Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada, will co-chair the discussions for the sixth India- Canada Ministerial Dialogue on Trade and Investment (MDTI) today in Ottawa. MDTI is a bilateral mechanism which provides institutional mechanism to discuss a broad spectrum of trade and investment related issues and cooperation areas. The Dialogue will focus on various themes including strengthening the Bilateral Trade Relationship between India and Canada, Investment Promotion and Cooperation, Green Transition – including Critical Minerals discussion and new Areas of Cooperation such as promoting B2B engagements.

PIB India

India MSME Update

International Business

Govt support needed in undertaking overseas marketing initiatives to boost exports: FIEO

The government’s support and encouragement will help push exports and obtain the desired outcomes. A. Sakthivel said that the exports of the nation are expanding at a healthy rate, and the aim of USD 2 trillion by 2030 would be met well ahead of schedule. Exports make up about 22% of the nation’s GDP, said Ajay Sahai.

Economic Times
International Business

India among 80 pushing text-based talks on public stockholding at WTO

India has said that a short schedule, text-based negotiations, and PSH are not acceptable. The statement gains significance as Canada and Australia press for the need to address food security within the context of general agriculture reform and the reduction of trade-distorting domestic subsidies.

Economic Times
Startups

Agritech startup Animpet Ecomm launches ecommerce platform for animal products

The business claimed that its vision is to represent the estimated Rs 32 lakh crore animal-based sector in the nation. According to Karishma Dagar, the platform offers B2B, B2C, and C2C services on a single platform in an effort to provide an organised marketplace, which up until now has mostly been physical and unorganised. 

Economic Times
Agriculture

Govt sets foodgrain production target of 332 MT for 2023-24

The objective is the production of 44 MT of oilseed, 17 MT of millets, and 29.25 MT of pulses, with strategies being prepared in anticipation of the effects of El Nino. The plan would involve expanding the growing area through intercropping, diversifying the crops, and boosting output by introducing high yielding varieties.

Mint

Global News

North America

Canada a step closer to grocery code regulating supermarket power over supplies 

A proposed final version of a Canadian grocery code of conduct that includes a procedure to settle disputes and apply sanctions on systemic violators marks a significant advancement for an industry group established to work on it. Michael Graydon said that the code focuses on good business practices and achieving harmony in the supplier-retailer relationship.

The Star
Europe

Britain to start free trade with New Zealand and Australia

According to New Zealand officials, the agreement will strengthen the country’s economy by up to 1 billion New Zealand dollars and help raise sales of goods including wine, butter, meat, and honey. Rishi Sunak said that this agreement would open up new opportunities for investors and businesses in both countries.

ABC News
Africa

South Africa's business community expects BRICS summit to boost trade

Ayanda Ntsaluba noted the outstanding growth in South African bilateral trade with China and India. In addition, he said that the nation would like to look into ways to enhance its exports of beef and grapes to China and other BRICS nations. South Africa is eager to expand trade with Brazil and Russia.

TV BRICS
Latin America

India's exports to Latin America likely to be highest in a decade in FY23

India’s merchandise exports to the 43 countries of Latin America totaled close to $15 billion, a 67% increase since 2018–19. Indian exports to the area have surpassed $16 billion and are anticipated to reach a ten-year high in FY23. This may signal a fresh attempt to strengthen trade relations between these nations.

Business Standard
Asia

IMF raises Asia's economic forecast, China and India to be key drivers

The reopening of China’s economy will be crucial for Asia. Its major growth driver in 2023 is anticipated to continue to be domestic demand. According to the IMF, Asia’s economy will rise 4.6% this year and account for around 70% of world growth. With expansion rates of 5.2% and 5.9%, respectively, China and India will be major contributors.

Indian Express
Australia

Australia's exports to China hit record high as relations thaw

According to data from the Australian Bureau of Statistics, Australian exports to China increased by 28% over the prior month to reach 19 billion Australian dollars ($12.8 billion) in March. Exports of thermal coal to China increased by 122% in March. Iron ore fines and lump shipments to China both increased by 28% and 22.5%, respectively.

AMP

Industry Insights

Industry Insights

Markets of Tomorrow Report 2023: Turning Technologies into New Sources of Global Growth

Looking more carefully at the top three technologies globally, the current environment for agriculture is especially challenging. Information and technology services are ranked first among the sectoral opportunities, demonstrating the importance of the Fourth Industrial Revolution in the markets of tomorrow. In terms of market opportunities, the low- and middle-income groups outnumber their high-income counterparts by a wide margin.

WEF Forum

Knowing The Value of Tech Driven Business Transformation: ‘The SAP Way’

In an exclusive interaction between Mr Rajeev Singh, Vice President & Head of Midmarket, SAP Indian Subcontinent and Dr. Faiz Askari, Founder and Editor of SMEStreet. In the conversation, while talking about a few important developments that have happened in the IT world, Rajeev mentioned, “In last few years, SMEs have understood the potential of technology and cloud is making it affordable, while SAP is known for trust and reliability.”

SME Street

Events, Training & Workshops

ONLINE COURSE

From Creation to Completion

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ONLINE EVENT

Empowering Morning Conversations

₹ 299 for complete course | One-time Payment | For 30 Sessions course

This is the best self development and motivation program for you.

There are sessions every morning. these sessions are interactive and have meditative and other processes.

These sessions will give you a big boost at the start of the day.

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You will be powerful and effective in every kind of situation

You will improve your communication.

The quality of your relationships will improve

INTENTION – Impact Productivity And Well Being

TIME –  7.00 AM IST
MEDIUM – Online (ZOOM)

EMC
MSME BHARAT MANCH WORKSHOP

Gearing Up for MSMEs IPO, May 19, 2023

 ONLINE  & Kohinoor Continental, Andheri (E), Mumbai

The event aims to provide:

> Valuable insights & information regarding the Initial Public Offering (IPO) process

> Benefits to businesses, particularly Micro, Small & Medium Enterprises (MSMEs)

> Advantages & Disadvantages of going public

> Steps involved in preparing for an IPO & Potential Risks

Organised by MSME Bharat Manch – A Nationwide Initiative of Rupee Boss jointly with ENQUBE Collaborations

Program Fee

Physical Attendance: 2,500/-

Online Participation: 500/-

Register Now
Entrepreneurship Convention

Convention of Digital Entrepreneurs

Join India’s biggest entrepreneurship convention that will celebrate technology, innovation and the spirit of growing business. Network with participants from across the globe and watch your favourite leaders in action.

10 – 11 JUNE 2023
Pragati Maidan, New Delhi

HR Tech Summit
Mar Tech Summit
Exhibition

CODE

 Partner Updates

Pride of India Award

Sharad Hegde gets Pride of India Award in Events & Entertainment Industry

Heartiest congratulations Sharad Hegde for this prestigious award to acknowledge your contribution to the Industry.

LinkedIn

Pleased to see Shri. Ravi Nandan Sinha, Director – MSME Business India Forum, also on our Advisory Board –MSME Bharat Manch, amongst the Panel of discussion at the Roadshow organised at JECRC University

The National Conference witnessed the presence of 15 tech titans, ranging from angel investors to successful startup founders and heads of MNCs. These tech titans had one on one panel discussion with the students in order to motivate them in their respective fields. Having such great professional personalities under the same roof was indeed a privilege to JECRC University

LinkedIn: JECRC University
AuthoREXperience

AuthoREXperience cool convo with the multi talented Sumit Sehgal

AuthoREXperience cool convo with the multi talented Sumit Sehgal

With multiple experiences spanning 13 years – an author & poet, events & outreach planner, digital communicator, visualizer & designer, literary, poetry & children’s festivals curator, mentor for young talent, an environment advocate, an advisor for several initiatives, and most recently, an educator.Sumit is an established writer with one fiction novel, My Chameleon Soul…

 

AuthoREXperience
MSME Bharat Manch

Ms. Pournnima Shirishkar Joins ar Director - Women Empowerment

Welcome Ms. Pournnima Shirishkar ji as Director – Women Empowerment at MSME Bharat Manch

About Ms.Pournnima ji

  • 1000 + women have been given stock market training digitally
  • Created 10000 + Home Entrepreneur on Zhep Udyogini platform
  • 200+ talk shows on YouTube
  • Network with 7 lakh +SHG in Maharashtra state
  • Connected with Entrepreneurs from Goa ,Gujarat Karnataka ,Madhya Pradesh
  • Trading Presence in 6 countries .
  • Associate with World Trade Centre Mumbai
  • working with govt – DFO-MSME , KVIC , MSRLM
  • Conducted 1000+ economic awareness program for digital india , making india
  • Success story on Zee, NDTV news channel and many news papers
  • 50+ Award’s as successful social women entrepreneurs
  • Influencer Speaker at various women empowering program

 

Energy growth expert, Founder ZHEP UDYOGININCHI

Co-Founder Dalan Maharashtra

DIRECTOR: Day2Day Profit learn stock market and business Consultant for MSME

CAIT National Women Samiti Convenor

LinkedIn
MSME Loans

eGrowth partnership for raising finance.

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Rupee Boss
WhatsApp Automation Tool

Reliable tool to send WhatsApp messages - Sampark Setu

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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.

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  • Governance, Risk and Compliance (GRC)
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eGrowth is a crowd sourced, trusted platform to transform your business.

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New Business Development is one of the key offerings from eGrowth. We curate our list of partners and position them favourably where opportunities exist. We also create business opportunities for our members and partners. Our partners consist of –

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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.

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