8th November 2023:: The Global Alliance for Mass Entrepreneurship (GAME) and the Federation of Indian Micro and Small & Medium Enterprises today announced that both parties have entered into a MoU to work together on specific initiatives, interventions and programs for the betterment of MSMEs in the country. The focus will be on Delayed Payments, Ease of Doing Business, certain specific joint research projects and arbitration and grievance redressal advisory.
Speaking of the collaboration, Mr. Ketul Acharya, Executive Director, Global Alliance for Mass Entrepreneurship, shared, “FISME as a key body representing MSMEs in the country is ideally suited to help create a conducive ecosystem for MSMEs to grow and succeed. The association has taken up several activities and initiatives that have helped MSMEs significantly. GAME and FISME are coming together to keep the focus on specific and key aspects that are a hindrance to MSME growth. We are excited to work with FISME on these fronts”.
Adding to this, Mr. Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises, opined, “Our legacy and knowledge of more than five decades working with micro, small, and medium entrepreneurs, combined with the partnerships, alliances and wherewithal of the Global Alliance for Mass Entrepreneurship provide a strong base to scale MSMEs across the length and breadth of India. Whether it is access to finance, delayed payments, regulatory understanding and compliance, or bringing renewable energy to the nation’s MSME base, we intend for this partnership to provide fillip to these initiatives”.
From publishing landscape reports to research studies, formulating policy papers, and creating programs that help micro, small and medium enterprises create a base for expansion, the partnership will focus on increasing access to finance, scaling existing businesses and bringing local and national multi-body stakeholders onto the same platform.