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Gujarat Industry Development Association (GIDA) and SME Chamber of India organized an effective Vadodara Industries and SME Summit to address the urgent needs and opportunities of the SME sector. Held on January 4, 2025, the summit brought together industrialists, industry leaders and technology experts to discuss important topics such as cybersecurity, digital bill discounting,finance, technology and exports. SmEs are the main target for Vadodara cyber criminals and it is necessary to be vigilant. 68% of small medium enterprises (SMEs) in the country are shut down after a cyber attack. SmEs should integrate security approaches to security design when cyber attacks involve data theft or ransomware attacks, etc. Experts said cyber security should continue to be apriority for every SME.
In order to protect small and medium enterprises (SMEs), it is essential for the state and central governments to focus on educating banks and police personnel in some key sectors. Banks play a crucial role in supporting SMEs by providing financial services. In order to ensure better security for SMEs, the government should aim to train bank employees on financial fraud, understand SME risks,cybersecurity awareness, loan disbursement processes and educate them about SME credit ratings:
Shri Chandrakant Salunkhe, Founder and President – SME Chamber of India and Gujarat Industry Development Association (GIDA) in their inaugural address emphasized the importance of exploring emerging business, export and investment opportunities for better business growth of SME and manufacturing industries. He highlighted the important role of innovation, technology adoption and government support in driving the growth and competitiveness of the SME sector.
Our participation in the Vadodara Industries and SME Summit organized by the SME Chamber of India in Vadodara was a wonderful opportunity to connect with the MSME community and address their immediate needs. The event was a roaring success which highlights the unique challenges and growth opportunities for the sector. At Billmart, we are committed to empowering MSMEs through our innovative, tech-enabled solutions in supply chain finance. By optimizing cash flow, improving efficiency and unlocking new growth potential, we strive to equip businesses with the tools they need to thrive. This event strengthened our belief in the transformative power of combining technology and finance to drive sustainable progress for MSMEs.” — Mr. Ashok Mittal, MD & CEO,Billmart.
The discussion explored the real-life challenges faced by MSMEs in getting finance, the role of fintech in MSME financing, innovative financial solutions for SMEs, and the importance of digital transformation in financing landscapes. The Vadodara Industries and SME Summit proved to be a dynamic platform to promote dialogue on emerging business trends and technological advancements. Those present had a valuable understanding of how digital transformation, enhanced cybersecurity measures and innovative financial solutions can accelerate growth and liquidity in the SME sector.
Police forces play an important role in protecting businesses against crimes including theft, fraud and cybercrime. Key educational areas for police staff include awareness about SME vulnerabilities, linkages between banks, police and SMEs, cybercrime and digital threat, SME security strategies, legal framework for SMEs and government support and policy framework. A well-educated and collaborative approach involving both banks and police staff is important for the security of SMEs. The government can take the lead by facilitating training programmes and formulating policies that promote a safe environment for the growth of businesses.
The summit was guided by Chandrakant Salunke, Founder President, SME Chamber of India, Gaurav Deshpande, COO, 63 SAT, Nihar Pathare, CEO, 63 SAT, Ashok Mittal, MD, Billmart Fintech Pvt. Ltd., Sandeep Doshi, COO, Billmart Fintech Pvt. Ltd., among others.
Mr. Neehar Pathcare – MD, CEO & CIO, 63SATS addressing the delegates on Emerging Threats and Tailored Cybersecurity Solutions for SMEs
Mr. Daniel Keshet – Chief Alliance Officer, 63STATS addressing the delegates on Challenges SMEs face and the need for robust cybersecurity frameworks
Mr. Gaurav Deshpande – Chief Business Officer, 63SATS addressing the delegates on Empowering SMEs with Next-Generation Cybersecurity Solutions & Services
Mr. Sandeep Doshi – Co-Founder & COO, BillMart FinTech Pvt. Ltd. addressing the delegates on Financial Empowerment and Growth through Supply Chain Finance & Trade Finance
Dignitaries (L to R) Mr. Gaurav Deshpande – Chief Business Officer, 63SATS, Mr. Daniel Keshet – Chief Alliance Officer, 63STATS, Mr. Neehar Pathare – MD, CEO & CIO, 63SATS, Mr. Chandrakant Salunkhe, Founder and President – SME Chamber of India & Gujarat Industry Development Association (GIDA), Mr. Ashok Mittal – MD & CEO, BillMart FinTech Pvt. Ltd., Mr. T. R. Vardhan – Chairman, Mascot Systems Pvt. Ltd, and Mr. Sandeep Doshi – Co-Founder & COO, BillMart FinTech Pvt. Ltd. during the VADODARA INDUSTRIES & SME SUMMIT organised by SME Chamber of India and Gujarat Industry Development Association (GIDA) on 4th January 2025 at Vadodara, Gujarat.
Panel Discussion on Cybersecurity Threats – Challenges & Initiatives
Dignitaries (L to R) Mr. Ashwani Mishra – Editor – Technology, 63SATS, Mr. Neehar Pathare – MD, CEO & CIO, 63SATS, Mr. Ashwin Kalamkar – Head – Digital & IT, PI Industries Ltd., Mr. Snehal Vyas – Chief Information & Security Officer, Alembic Pharmaceuticals Ltd. and Mr. Sanjay Srivastava, Head of Department – Information Technology, Plasser (India) Pvt. Ltd. during the Panel Discussion on Cybersecurity Threats – Challenges & Initiatives at VADODARA INDUSTRIES & SME SUMMIT organised by SME Chamber of India and Gujarat Industry Development Association (GIDA) on 4th January 2025 at Vadodara, Gujarat.
Panel Discussion on Cybersecurity Threats – Challenges & Initiatives
Dignitaries (L to R) Mr. Ashwani Mishra – Editor – Technology, 63SATS, Mr. Neehar Pathare – MD, CEO & CIO, 63SATS, Mr. Ashwin Kalamkar – Head – Digital & IT, PI Industries Ltd., Mr. Snehal Vyas – Chief Information & Security Officer, Alembic Pharmaceuticals Ltd. and Mr. Sanjay Srivastava, Head of Department – Information Technology, Plasser (India) Pvt. Ltd. during the Panel Discussion on Cybersecurity Threats – Challenges & Initiatives at VADODARA INDUSTRIES & SME SUMMIT organised by SME Chamber of India and Gujarat Industry Development Association (GIDA) on 4th January 2025 at Vadodara, Gujarat.
Panel Discussion on Transforming SMEs into Emerging Enterprises – Strategies & Initiatives
Dignitaries (L to R) Mr. Kinjal Desai – Head – Partnership & Alliances, BillMart FinTech Pvt. Ltd., Mr. Ravi Solanki- AGM & Regional Manager-III, State Bank of India, Vadodara Region, Mr. Ashok Mittal – MD & CEO BillMart FinTech Pvt. Ltd., Mr. Hanwant Kumar Thakur – Zonal Head – Vadodara Region, Bank of India, CA Jyot Shukla – Co-Founder, RupeeFin.in (Profitzo Invest Tech Pvt. Ltd.) and Mr. Sandeep Doshi – Co-Founder & COO, BillMart FinTech Pvt. Ltd. during the Panel Discussion on Transforming SMEs into Emerging Enterprises – Strategies & Initiatives at VADODARA INDUSTRIES & SME SUMMIT organised by SME Chamber of India and Gujarat Industry Development Association (GIDA) on 4th January 2025 at Vadodara, Gujarat.
Panel Discussion on Transforming SMEs into Emerging Enterprises – Strategies & Initiatives
Dignitaries (L to R) Mr. Kinjal Desai – Head – Partnership & Alliances, BillMart FinTech Pvt. Ltd., Mr. Ravi Solanki- AGM & Regional Manager-III, State Bank of India, Vadodara Region, Mr. Ashok Mittal – MD & CEO BillMart FinTech Pvt. Ltd., Mr. Hanwant Kumar Thakur – Zonal Head – Vadodara Region, Bank of India, CA Jyot Shukla – Co-Founder, RupeeFin.in (Profitzo Invest Tech Pvt. Ltd.) Mr. A. K. Mittal – General Manager – Materials & Contracts, Indian Oil Corporation Ltd., and Mr. Sandeep Doshi – Co-Founder & COO, BillMart FinTech Pvt. Ltd. during the Panel Discussion on Transforming SMEs into Emerging Enterprises – Strategies & Initiatives at VADODARA INDUSTRIES & SME SUMMIT organised by SME Chamber of India and Gujarat Industry Development Association (GIDA) on 4th January 2025 at Vadodara, Gujarat.
Mr. A. K. Mittal – General Manager – Materials & Contracts, Indian Oil Corporation Ltd. addressing the delegates
Mr. Maheshkumar – Director, SME Chamber of India and Gujarat Industry Development Association addressing the delegates
Delegates at Summit
Delegates at Summit
Delegates at Summit
Source : https://www.vadodara.live/news/sme?lan=en
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