He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises.

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R Narayan, Founder & CEO, Power2SME has been elected as President of Confederation of Micro, Small and Medium Enterprises (CMSME), an affiliated body under the umbrella of the Federation of Indian Chambers of Commerce and Industry (FICCI), an apex Chamber of Commerce & Industry of India. FICCI-CMSME’s vision is to empower Indian MSMEs and build their competitiveness.

He took over from outgoing President Sanjay Bhatia at the 6th annual general meeting of FICCI-CMSME which also witnessed the launch of FICCI-CMSME online directory & B2B portal “Connect” in the presence of Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises. The event also saw Mr. Girish Luthra and Ms. Harjinder Kaur, assume offices of Sr Vice-President and Vice-President respectively.

Speaking about his new role, R Narayan said, “I am honoured and humbled by the responsibility entrusted on me. We at FICCI CMSME firmly believe that the country’s MSMEs have enormous potential and have displayed great strength and resilience in the wake of the pandemic. This portal launched today has been created to explore new MSME business avenues and strengthen their value chains both backwards and forwards. True development can only be done in inclusivity and not isolation, and therefore a joint effort and collaboration is required from all stakeholders, especially from the government, industry chambers and associations to provide a support infrastructure which enable the growth of the MSME sector.”

Applauding the efforts made by FICCI towards championing the cause of MSMEs, Shri Arvind Kumar Sharma, Secretary, Ministry of Micro, Small and Medium Enterprises announced the creation of 5 taskforces in the domains of Industry 4.0, Exports, Technology Centers, Clusters and modernization schemes to make Indian SMEs future ready.

Established in December 2013 as an affiliate body with the mission of empowering MSMEs, FICCI-CMSME was created to work closely with the MSME sector to identify issues and suggest viable solutions. A pan-India body developed as an aggregator to develop various capabilities in various aspects of their businesses, CMSME plays an active role in connecting MSMEs to investors, incubators, accelerators, and assist MSME capacity building programs and services. It also provides the platform for networking and consistency building in across sectors.