GLOBAL ALLIANCE FOR MASS ENTREPRENEURSHIP & THE FEDERATION OF INDIAN MICRO AND SMALL & MEDIUM ENTERPRISES (FISME) INK PARTNERSHIP TO SUPPORT MSMES IN INDIA
by Prashant Kapadia/NHN
National; 07.11.2023: The Global Alliance for Mass Entrepreneurship (GAME) and the Federation of Indian Micro and Small & Medium Enterprises today announced that both parties have entered into a MoU to work together on specific initiatives, interventions and programs for the betterment of MSMEs in the country. The focus will be on Delayed Payments, Ease of Doing Business, certain specific joint research projects and arbitration and grievance redressal advisory.
Speaking of the collaboration, Mr. Ketul Acharya, Executive Director, Global Alliance for Mass Entrepreneurship, shared, “FISME as a key body representing MSMEs in the country is ideally suited to help create a conducive ecosystem for MSMEs to grow and succeed. The association has taken up several activities and initiatives that have helped MSMEs significantly. GAME and FISME are coming together to keep the focus on specific and key aspects that are a hindrance to MSME growth. We are excited to work with FISME on these fronts”.
Adding to this, Mr. Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises, opined, “Our legacy and knowledge of more than five decades working with micro, small, and medium entrepreneurs, combined with the partnerships, alliances and wherewithal of the Global Alliance for Mass Entrepreneurship provide a strong base to scale MSMEs across the length and breadth of India. Whether it is access to finance, delayed payments, regulatory understanding and compliance, or bringing renewable energy to the nation’s MSME base, we intend for this partnership to provide fillip to these initiatives”.
From publishing landscape reports to research studies, formulating policy papers, and creating programs that help micro, small and medium enterprises create a base for expansion, the partnership will focus on increasing access to finance, scaling existing businesses and bringing local and national multi-body stakeholders onto the same platform.
About GAME: GAME intends to unlock the potential of Mass Entrepreneurship (ME) in India. Three prolific entrepreneurs, Ravi Venkatesan, Madan Padaki, and Mekin Maheshwari, started GAME in August 2018 as a backbone organisation that aligns the ecosystem and mobilises action to address systemic challenges to job creation in India. GAME intends to bring together a cross-section of alliances, partners, funders, and other players in the ecosystem who can help inspire an entrepreneurial movement across the country. Its mission is to catalyse an India-wide movement of mass entrepreneurship for the growth of both existing and new enterprises, resulting in 50 million new jobs by 2030, where women own 25% of the businesses.
About FISME: FISME came into being in 1995 as a Federation of geographical and sectoral associations of Small and Medium Enterprises (SMEs) in India spread across districts and states. It was established as the National Alliance of Young Entrepreneurs (NAYE) in 1967- when the Indian government started monumental initiatives for small industry promotion. FISME focuses primarily on trade and market access issues and reforms with the twin objective of establishing an entrepreneurial and competitive environment at home and greater market access for Indian SMEs in India and abroad.
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