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About VIEC
Vibrant India Economic Council

Vibrant India Economic Council is an emerging non-profit association that represents a diverse range of MSMEs, namely individuals, manufacturers, traders, service providers, rural and cottage industries, independent professionals, consultants, sportsman, artists and other entities.

Self-reliance, sustainability, affirmative action, skill training, and women entrepreneurship is our primary goal with an objective to contribute to the growth of the Indian economy and facilitate it become one of the largest economies in the world.

2

BUYERS/SELLERS
MEET

4

INVESTORS
MEET

15

MENTORSHIP AND
GUIDANCE

6

SEMINARS AND
CONFERENCE

Mission and Vision

"VIEC aims to facilitate and mentor Indian MSMEs to enable them to generate the higher revenues and per capita income for India, thus propelling India into its rightful place as one of the largest and most vibrant global economies."

What is MSME:

Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy, accounting for a significant share of the country's industrial production, employment, and exports. The sector comprises enterprises engaged in manufacturing, processing, or preservation of goods as well as providing services, with an investment in plant and machinery or equipment up to Rs. 50 crore and an annual turnover up to Rs. 250 crores.

MSME Classification:

MSMEs in India are classified into three categories as micro, small and medium enterprises, which operate into two brief activities namely Manufacturing and Services. Manufacturing enterprises are engaged in the production or manufacture of goods, while Service enterprises are engaged in the provision of services. The government has defined the classification criteria based on their Turnover Investment, in plant and machinery or equipment.

Micro

Investment less than Rs. 1 crore Turnover less than Rs. 5 crores

Small

Investment less than Rs. 10 crore Turnover up to Rs. 50 crores

Medium

Investment less than Rs. 50 crore Turnover up to Rs. 250 crores

MSME share in GDP & Employment

As per the latest available data, there are over 63 million MSMEs in India, employing over 110 million people contributing upwards of 30% to the country's GDP. The sector is a key driver of growth and plays a crucial role in the country's economic development. It provides employment across the country contributing to social-economic development of all sections of society.

Initiatives by Government for MSME

The Indian government has undertaken several initiatives to promote the growth of the MSME sector. These include schemes like the Prime Minister's Employment Generation Program (PMEGP), Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), National Small Industries Corporation (NSIC), Technology Upgradation and Quality Certification (TEQUP), Credit Linked Capital Subsidy Scheme (CLCSS), Cluster Development Program (CDP), and others.

Challenges for MSME

One of the challenges that MSMEs face in India is access to adequate & timely finance. Banks and financial institutions have traditionally been hesitant to lend to MSMEs due to their perceived higher risk profile. However, the Government's focus on promoting the sector has led to an increase in lending to MSMEs in recent years.

One of the major challenges that MSME’s face is being unaware of the business progression and allied regulations. First time entrepreneur struggles with the question where should he begin from. An entrepreneur willing to set up a manufacturing unit, needs proper guidance from the very basic starting point of selecting location of his unit.

Apart from above, MSMEs also face other challenges such as technology adoption, manpower availability, marketing, and regulatory compliances. To address these challenges, the Government has launched several initiatives and schemes, but many are not aware of existence of the schemes, the benefits they entail and the boost they provide.

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VIEC initiatives & Methodology

Our Methodology involves Navigational and Sectoral Mentoring to our members. Under our flagship program of navigational mentorship, our panel of professional mentors shall provide directional guidance to its members at various cross roads faced by them in their routine course of activities. Sectoral mentors shall keep them updated on latest technology and innovations, Emerging markets, and provide sustainable solutions on newer opportunities and challenges.The Mentoring Program is designed to provide guidance, support, and expertise to emerging talents, entrepreneurs, and professionals seeking to enhance their skills and knowledge in their respective fields. By facilitating meaningful connections between experienced mentors and enthusiastic mentees, we aim to create a vibrant ecosystem that nurtures talent and fosters personal and professional growth.

BCS serves as our flagship program, encompassing Investor Meets, Trade Seminars, Business Conferences, and more. We invite esteemed participants such as Banks, Venture Capitalists, Angel Investors, Fund Managers, Financial Institutions, leading Economists, and Insurance companies to enlighten our delegates on various aspects of Business Finance and Wealth Management.

TEI is a program dedicated to organizing exhibitions and business expos, providing a platform for MSMEs, Entrepreneurs, and Rural & Cottage Industry to showcase their products.

Recognizing the significance of skill development in enhancing employability, we have launched the Skill for All program. Our objective is to promote skill development initiatives and empower individuals with relevant expertise.

YSC is a specialized Woman Entrepreneurship Program aimed to empower and uplift women in their entrepreneurial journey, providing them with the necessary tools and resources to succeed. We believe that empowering women entrepreneurs not only drives economic growth but also brings about positive social change and gender equality

The Global Outreach Program (GOP) plays a crucial role in our mission to connect with international and national business chambers, associations, non-profits, foreign embassies, and consular offices. These engagements enable us to exchange knowledge, share best practices, and explore potential business opportunities with India. Through the GOP, we actively seek to foster collaboration and partnerships on a global scale, leveraging the power of international networks to drive innovation and economic growth. By bridging gaps, promoting cultural exchange, and facilitating cross-border collaborations, the GOP facilitates the transfer of technology, expertise, and resources, strengthening the economic ties between India and other nations. VIEC's participation in discussions with our own governments, leaders, and administrators allows us to contribute to policy development and implementation, advocating for the interests of our members and facilitating an environment conducive to business success.

Our Team

Governing Council
Patron Council
Advisory Council
Public Relations & Colloquium
VIEC Secretariat

Manoj Patil

Director Policy & Research

CA Pawan Kolte

Non - Executive Director

ADV. Ashish Fule

Non - Executive Director

Adv. Shreyas despande

Mentor

MENTORSHIP HEAD - LEGAL (TRADEMARK, BRAND, PATENT & COPYRIGHT)

Mrs.Pooja Sharma

Mentor

MENTORSHIP HEAD - FINANCE (SME IPO)

Mr.T.N.Agrawal

Mentor

MENTORSHIP HEAD - ENERGY AUDIT (ELECTRICITY)

Mr.Mandar Jayant Lele

Mentor

MENTORSHIP HEAD - LAND COMPLIANCES (TOWN PLANNING)

Testimonials

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Kashyap Parikh

I am really pleased to see the range of specialist on a single form. This certainly looks like a Single Point Solution to all the issues faced by MSME Sector.

Thank you VIEC

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Tiya Mehta

Biggest question in the current business scenario is:-

Where to begin ?

I found all my answers at Vibrant India Ecnomic Council.

 

 

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