03 September Hyderabad, FTAPCCI
Small and Medium Enterprises (SME) sector is the backbone of the national economy. The segment is mainly responsible for domestic production, in addition to fetching adequate export earnings to the exchequer. This sector also plays a pivotal role in providing high employment opportunities. A structured SME segment yields positive impact on the overall scenario. The enhancement of the socio-economic condition of the nation depends on the development of SMEs.
‘Power2SME is India’s No. 1 B2B Digital Ecosystem for SMEs which delivers raw material procurement solutions at competitive prices and access to institutional finance at improved & competitive rates of interest thus driving higher efficiencies and profitability.
Started its journey in January 2012 with a mission to “Empower SMEs to enable the India’s growth story”, Power2SME has rapidly grown to a GMV of over Rs. 1,200 Cr in a short span. As a Buying Club for SMEs, Power2SME focus on reducing purchase prices and increasing productivity. At present, Power2SME has more than 1,00,000 MSMEs registered as members.
Power2SME provides end-to-end solutions with respect to the raw material procurement of the variety of products including Steel, Commodity & Engineering Polymers, Chemicals and Yarns. To facilitate the seamless credit facility to the SME manufacturers, Power2SME has tied up with over 18 financial institutions including Axis Bank, Vistaar Finance, Hero Fincorp, Electronica Finance, L&T Finance, Capital Float, Religare Finvest and many more.
These financial institutions help provide the partner SMEs collateral free loans with interest rates as low as 14% p.a. for the tenure of up to 120 days. This initiative has been huge success as more and more SMEs are opting for financing through Financial Institutions.
With the objective to empower the small business ecosystem with the easy access to finance, improved working capital management, timely delivery of raw material supplies, opening avenues for B2B marketplaces and many more,
POWER2SME jointly with FTAPCCI is organizing a “SME Transformation Camp” on Wednesday, 05th September, 2018 at 06:00 PM at FTAPCCI Surana Auditorium, Federation House, Red Hills, Hyderabad, followed by Dinner.
Please confirm your participation to Sri L. Girijapathi, Asst. Director, Mob: 8008700258, Mail: email@example.com
Sri Ahmed Nadeem, IAS, Commissioner Industries. Govt. of Telangana is invited to address the program.
Members are requested to kindly join us at this interactive session and be benefitted with the products and services being offered by Power2SME and other associated partners, which has significant impact on the profitability of your business ventures.’
Way2world appreciates the initiatives of Power2SME in empowering the small business ecosystem. The developments in this segment has a positive impact of the economy – with Inputs from internet – RajKishan