CII launches Project Golden Top Companies (GTC 100)

Mr K H Muniyappa assures full support for the MSME Sector

Bangalore. 4 July 2013.??Mr K H Muniayappa,?Hon?ble Minister of State (Independent Charge) for MSMEs, Government of India, today launched CII?s Project Golden Top Companies (GTC 100) at the CII MSME Connect 2013.

The Golden Top Companies (GTC100) is a national flagship programme of CII for the small and medium enterprises in India. Under this programme, CII will create a structured approach to facilitate the growth of small companies aspiring to become medium size and medium size companies aspiring to become large. The Companies selected in this programme would move in a more holistic way to improve their leadership, manufacturing operations, support functions, performance and business results through structured roadmaps.

The key benefits for MSME?s under the GTC 100 programme will be fourfold. It will enable growth of these companies by 2 to 3 times, benchmark on key indicators, help in networking for business opportunities and help them get Recognitions and Awards.

Mr K H Muniyappa,?Hon?ble Minister of State (Independent Charge) for MSME?s said,??????I am happy to be a part of these deliberations. I am also happy to hear the various suggestions put forward by the learned members. I hereby congratulate CII on the launch of GTC 100 and assure them of my full support towards making this initiative a great success. I feel this programme is being launched at the right and relevant time as this is addressing the aspiration for growth of the Micro and Small Entrerprises and thus making them significant contributors to the GDP. The role of the micro, small and medium enterprises (MSMEs) in the economic and social development of the country is imperative and well established. The MSME Sector is the nursery of entrepreneurship and contributes 8 per cent of the country?s GDP, 45 per cent of the manufactured output and 36 percent of its exports. This sector provides employment to over 8 crore persons through over 3.6 crore enterprises producing over six thousand products.?

?Yet there are several problems that face them. I feel Research and Development, quality and then competitiveness are the key factors that will propel growth for this segment. I assure CII of my full support for their initiatives and I would request them to come forward with concrete proposals, highlight issues and solutions so that there is no delay in ensuring quick assistance to this segment. I once again, congratulate CII for organizing this interaction and earnestly believe that this programme will go a long way in facilitating the MSME sector and providing impetus to achieve sustainable, equitable and inclusive growth and development in our nation,? he added.???

Mr. S Gopalakrishnan,?President, CII said, ?I believe that the transformation of this sector will help companies grow from small to medium, and from medium to large. The MSME segment is a key focus area for CII in the next 4 to 5 years and growth of these companies will also bring about increased employment opportunities. I request the Minister to assist CII in our efforts to improve the MSME segment.?

Mr. Deep Kapuria,?Chairman, CII National MSME Council, said, ?CII will focus on this sector and the MSME sector will be a priority for CII going forward. CII has been the prime mover for many innovative programmes in this sector, with the Avantha Centre of Excellence being one of the most successful. In a turbulent economic environment, the MSME sector faces a great deal of risk and one way to overcome this is to gradually become a larger organization.??It is these aspirations of the MSME sector that gave us the idea to launch GTC 100. From the 4th of July, 100 Companies in the North will come under the GTC 100 programme. One year later, 100 companies from the South will be absorbed under this programme and a year later, 100 companies from both the West and the East.?

Mr. T T Ashok,?Co-Chairman, CII National MSME Council said, ?CII has 7200 member companies and out of that 70 per cent are from the MSME Sector. While originally this comprised of manufacturing companies, now we see service and other sectors also coming in. For these companies finance and ease of availability of credit are the biggest hurdles in scaling up. We expect a lot of assistance from the Honourable Minister in overcoming these issues. I also hope that companies from the MSME segment be allowed to participate in Defence and Aerospace Industries. With these objectives in mind, CII will work in a proactive manner with the government and together create solutions to enable this segment grow?

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