FASII’s National Seminar on “Digitalisation and AI in the Indian MSME Sector Driving the Nation becoming A Super Economic Power” took place at ICCR Kolkata.

The seminar’s goal is to educate micro and small businesses on (1) the transformation of digital and artificial intelligence, (2) the various changes occurring in the trade, industrial, labor, and fiscal fronts, (3) the various MSME Ministry schemes, (4) The availability of credit from banks and programs such as Credit Guarantee, (5) Technology upgrading, including obtaining the newest and most advanced technologies and obtaining credit for them, and (6) Skills availability.

The MSME sector in India contributes approximately 30% of the GDP of the country. Additionally, it generates over 110 million job opportunities in India and accounts for around 40% of the nation’s total exports. FASII is proud to support the nation’s MSMEs, especially Micro and Small Businesses. It is a known fact that proprietorships make up more than 95% of the MSME sector. Every year, the industry sets new records in spite of obstacles and limitations. FASII has an advantage over other MSE organizations in government programs and events because it maintains the golden link with the relevant ministries and departments of the Union and State Governments. The days are evolving.

Micro and small businesses need to be flexible enough to adopt new methods and technologies.  It is necessary to acquire knowledge.  The aforementioned goals for the National Seminar are for the businesses to gather knowledge, plan, adapt, and learn.  With the motto “Make India a Super Power Economy,” FASII wishes all businesses prosperity and pleasure today and in the days ahead.

Priyanka Dutta