New Delhi:
Apparel, med-up, footwear, furniture, and electronics are among the micro, small and medium enterprises (MSMES) regions, which is likely to be benefited from mutual tariffs, the previous president of Nena Lal Kidwai, Federation of Indian Chambers of Commerce and Industry (FICCI) said. Ms. Kidwai was speaking at NDTV’s Emerging Business Conclave, Delhi edition, where she discussed India’s development story – making India a developed nation until 2047, but not without full participation of women entrepreneurs.
Referring to a study by FICCI, Ms. Kidwai listed the negative effects of the tariff and where the opportunity lies. “Apparel, med-up, footwear, not only leather shoes, it is synthetic footwear, as well as, electronics and furniture will be areas to see India’s export capacity. Gems and jewelery seem very difficult, such as in one which is negatively affected.
“There is a complete herd of sectors that are not affected, it includes pharmaceuticals, steel, aluminum, copper, automobiles, auto components, but I will add as right now because it is not as if they are not in Crosshair,” he said.
Talking about India’s export capacity, Ms. Kidwai said, it can be directly connected, through e-commerce, which is an ambition, government policy, which I think is necessary for help and help.
How MSMES performs access to finance and finance plays a role in it. Data shows that the finance difference in MSMEs is 5.7 trillion. Women-de Lending enterprises in the MSME region represent 23 percent of all MSME, but they are responsible for 32 percent of the finance interval. What keeps the lenders away from the financing of women’s entrepreneurs?
Ms. Kidwai believes that the interval is shutting down and credits this to the government programs focused on programs to help women entrepreneurs and women’s start-ups. He further sought data to see how women entrepreneurs and female-elevated MSMES saw male-dominated people.
He said, “I think the collective data there shows that it is minimal equivalent, if not better, but the notion and the capacity of bankers and financers remains to address this prediction in favor of male-dominated industries,” he said.
Talking about progress, Ms. Kidwai said, “In the startup industry, there is definitely a favor in favor of industries or startups by the offshore enterprise capitalists and even private equity firms, which have at least one woman in the core founding group.”
However, Ms. Kidwai believes that women have proved themselves in the banking sector and there is no discrimination. “The system will be the best throw, and they will come through the system in the natural course in the form of the next CEO and head,” he said.
He said that many major women are moving towards finance companies, NBFCs, insurance companies, asset management companies and banks.
Asked how women could be pushed into the workforce, Ms. Kidwai focused on employment.
“Men and women become important in terms of employment, employment generation, and what is the meaning of manufacturing for MSME employment.
Ms. Kidwai suggested that India enhances its exports and become a strong export story.
“India is not a big success story on exports except services … It has to do this with finance, logistics, paperwork and bureaucracy. How do we really clean it to be an exporter for the world? This is where MSMES has to play an important role,” he said.
