Axis Bank, India’s third largest private sector Bank, today hosted the 6th edition of ‘Evolve’, an annual knowledge sharing seminar for the Bank’s Micro, Small and Medium Enterprises (MSME) customers. This year, Evolve will focus on how MSMEs can play an important role in achieving the Government’s vision of a US$ 5 trillion economy. The seminar was addressed by Mr. Arun Karna MD & CEO, AT&T Global Network Services India Private Ltd., who shared his experience and expertise on taking steps towards achieving this mission.
During the launch, Mr. Mohit Jain, Senior
Vice-President-Commercial Banking Coverage Group, Axis Bank said, “We are
thrilled to launch the 6th edition of Evolve, an open platform
for all our MSME and SME customers where they can learn and interact with
industry experts. It is estimated that MSMEs currently
contribute 30% of India’s GDP, but the share definitely needs to go
up to a target of around 50%. To achieve this set target, MSMEs
will need to grow exponentially between FY19 – FY25. In our 6th edition,
we aim to educate MSMEs, not only to enhance their performance, but
also unlock their true potential and
contribute to the vision of a US $5 trillion economy.’’
There are approximately 63
million MSMEs in India (as per RBI estimate), both registered and unregistered,
accounting for a whopping 90% of the total number of enterprises in India. The
revenue contribution made by these MSMEs will certainly make a huge difference
in the Indian economy. MSMEs in India have the potential to reduce regional
disparities and balance the distribution of wealth by setting up and running
businesses in remote/backward areas. With continuous and enhanced learning,
we aim to empower SMEs and MSMEs with the right knowledge that can
help them propel their businesses and push for uninterrupted growth and
progress of the entrepreneurs.
Axis Bank along with its
knowledge partner Dun & Bradstreet, will host Evolve across 26 cities such
as Mumbai, Delhi, Jaipur, Bhopal, Lucknow, Kochi, Bhubaneshwar, Coimbatore etc.
Each session of the knowledge series will encapsulate new-age
strategies, case studies, operational expertise, understanding of
the regulatory framework and knowledge and skills to step
up the growth process.
Evolve was first launched
in 2014, and this year we plan to reached out to more than 5000
customers across the cities.