Effective vendor development will assist in opening up a huge window of opportunity for the MSME sector and creating a degree of level playing field with larger enterprises. At the same time, it will also enable Government Enterprises and Large Private Enterprises to develop alternative and sustainable supply chain. Given the importance of sourcing for MSMEs, it is of paramount importance that various stakeholders work in tandem towards the evolution of a policy framework and business environment which is conducive for existing relationships to flourish and new relationships to emerge.
In spite of their importance for the economy, MSMEs are bogged down by considerable constraints that dwarf their growth potential. Lack of access to key resources such as finance, skilled manpower, infrastructure, market access, etc, pose significant challenges for MSMEs to attain global competitiveness. In such a scenario, robust supply relationships with Central and State Public Sector Undertakings (PSUs) as well as large enterprises present a significant opportunity for MSMEs by addressing their issue of inadequate market access and linkages. Ministry of MSME’s notified Public Procurement Policy 2012 for MSMEs aims to promote the growth and development of MSMEs in India by integrating it with domestic supply chain.
With the objective of achieving mandatory procurement goal of minimum 25% and a sub target of 4% procurement of goods and services by SC/ST entrepreneurs and 3% procurement from women-owned MSEs, Confederation of Indian Industry (CII) is Virtual National Vendor Development Programme from 29-30 July 2020 over CII’s virtual HIVE platform. The program will not only invite senior representatives of Government of India and Public Enterprises but also representatives from large private enterprises (OEMs) to present their requirements and deliberate on policy interventions required to eliminate barriers to entry and improve the ease of business for MSMEs.
Starts at 12:00 AM
Ends at 12:00 AM
No. of Participants
Will be updated soon
Attend the Event Virtually
Focus areas of the parallel Roundtable Conference would be:
Discussion on the specific items required vendor development from MSMEs
Discussion on areas requiring policy interventions to eliminate barriers to entry.
Discussion on areas requiring policy interventions to improve the ease of Business.