SMBConnect to focus on making City pharma hub

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‘Start Manage Expand 2015’ to be held in City in October

SMB LogoNewZNew (Chandigarh) : Aiming to further consolidate its position as a premier knowledge sharing platform among small and medium enterprises (SMEs) across the country, the 3rd series of SMBConnect, Start Manage Expand will come to Chandigarh this October. Industry leaders will address over 150 SMEs on the strong emergence of small and medium industries in India. The event organized by SMBConnect will focus on funding for small & medium enterprises, facilities and infrastructure implementation and rules and regulations for complex business issues.

According to Mr. Sandipan Ray, Director, SMBConnect, “We are delighted to have the SME 2015 in Chandigarh, and are doing our best to make it a motivation enough for them to take a step towards expanding their businesses across India and in tackling different issues faced by them. Chandigarh, along with neighborhood industrial towns like Baddi, has always been a consistent hub for pharmaceutical industries. With the present emergence of similar industries in other parts of the country, it is time Chandigarh sketches strategies to grow and expand further as a pharmaceutical hub. There is a persistent two tier problem that SMEs face. Firstly, to employ right talent and secondly, to retain them in the company.”

The 3rd Start Manage Expand 2015 will provide a great opportunity to SMEs across Punjab to connect with experts and industry leaders to showcase their new products and services on a national platform. Experts will guide SMEs to strategies involving innovative techniques and methods are identified to boost the environment for business owners, acting as a channel to acknowledge their problems to the government.

According to the study by ASSOCHAM, Punjab has registered a drop of over 63 per cent in attracting new investments basis from over Rs. 7,200 crore in 2013-14 to just about Rs. 2,600 crore in 2014-15. This happened because Punjab failed to capitalize on its core benefits leading to a dismal economic growth and new investments attracted by states across India have increased by over 44 per cent from about Rs 6 lakh crore in 2013-14 to over Rs 10 lakh crore in 2014-15.