Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        Interviews | Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)    </title>
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.

Mumbai: Inflation pressures are looming ominously on the Indian..."/>
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.

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    <h1 class="cat-box-title">Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)</h1>
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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.</em></p><p style="text-align:justify"><em>Mumbai: </em>Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the elbow room to pass on the cost to consumers.</p><p style="text-align:justify">However, medium small and micro enterprises (MSMEs), especially mom and pop stores, across India are not in the same boat as the large companies and are far more vulnerable to the onslaught of raw material cost hikes and inflationary commodity cycles.</p><p style="text-align:justify">Operating from a small asset base, MSMEs&rsquo; primarily lack abundant access to formal banking capital and often find their working capital locked up with large organisations which have longer payment cycles. &nbsp;Unfortunately, India&rsquo;s MSME sector continues to languish despite the pivotal role it plays in the Indian economy. As per National Sample Survey Office data, it provides viable employment to over 11.10 crore and commands approximately a 31% share of India&rsquo;s GDP.</p><p style="text-align:justify">In the post-pandemic scenario, the growth objectives of the economy, as well as the sector, can be met once banks are sensitised to the importance of lending to MSMEs, says Pradeep Multani, president of the Punjab Haryana and Delhi Chamber of Commerce and Industry.</p><p style="text-align:justify"><strong>Edited excerpts from an interview with The Wire are below.</strong></p><p style="text-align:justify"><em>* Indian MSMEs are going through a rough patch the likes of which they have never seen before. First the recurrent waves of pandemic and now the Russia-Ukraine war. Raw material price escalation has increased input costs for a wide swathe of MSMEs. What can be done to alleviate their pains?&nbsp;</em></p><p style="text-align:justify">Amid rising prices of raw materials, there is a need to ensure enough liquidity in the hands of MSMEs. Smooth functioning of public sector units (PSUs) without disruption due to payment problems is of paramount importance in these dynamic times. The Government should provide adequate funds to the PSUs, so that they may be able to release the payments of the MSMEs and other vendors urgently to provide them with liquidity and facilitate them to run their businesses.</p><p style="text-align:justify">The cost competitiveness of MSMEs exporters should be improved and a level playing field should be created. Reduced costs of doing business and a level playing field in the country will not only increase the competitiveness of our exporters but also reduce imports of the items where India has domestic capabilities.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">click here</a> to read more.&nbsp;</p><p style="text-align:justify"><strong>Image Courtesy: <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">TheWire.in</a></strong></p>                                                           
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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.</em></p><p style="text-align:justify"><em>Mumbai: </em>Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the elbow room to pass on the cost to consumers.</p><p style="text-align:justify">However, medium small and micro enterprises (MSMEs), especially mom and pop stores, across India are not in the same boat as the large companies and are far more vulnerable to the onslaught of raw material cost hikes and inflationary commodity cycles.</p><p style="text-align:justify">Operating from a small asset base, MSMEs&rsquo; primarily lack abundant access to formal banking capital and often find their working capital locked up with large organisations which have longer payment cycles. &nbsp;Unfortunately, India&rsquo;s MSME sector continues to languish despite the pivotal role it plays in the Indian economy. As per National Sample Survey Office data, it provides viable employment to over 11.10 crore and commands approximately a 31% share of India&rsquo;s GDP.</p><p style="text-align:justify">In the post-pandemic scenario, the growth objectives of the economy, as well as the sector, can be met once banks are sensitised to the importance of lending to MSMEs, says Pradeep Multani, president of the Punjab Haryana and Delhi Chamber of Commerce and Industry.</p><p style="text-align:justify"><strong>Edited excerpts from an interview with The Wire are below.</strong></p><p style="text-align:justify"><em>* Indian MSMEs are going through a rough patch the likes of which they have never seen before. First the recurrent waves of pandemic and now the Russia-Ukraine war. Raw material price escalation has increased input costs for a wide swathe of MSMEs. What can be done to alleviate their pains?&nbsp;</em></p><p style="text-align:justify">Amid rising prices of raw materials, there is a need to ensure enough liquidity in the hands of MSMEs. Smooth functioning of public sector units (PSUs) without disruption due to payment problems is of paramount importance in these dynamic times. The Government should provide adequate funds to the PSUs, so that they may be able to release the payments of the MSMEs and other vendors urgently to provide them with liquidity and facilitate them to run their businesses.</p><p style="text-align:justify">The cost competitiveness of MSMEs exporters should be improved and a level playing field should be created. Reduced costs of doing business and a level playing field in the country will not only increase the competitiveness of our exporters but also reduce imports of the items where India has domestic capabilities.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">click here</a> to read more.&nbsp;</p><p style="text-align:justify"><strong>Image Courtesy: <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">TheWire.in</a></strong></p>                                                           
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        Interviews | Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)    </title>
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.

Mumbai: Inflation pressures are looming ominously on the Indian..."/>
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.

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                            <p style="text-align:justify">-TheWire.in</p><p style="text-align:justify"><em>Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India.</em></p><p style="text-align:justify"><em>Mumbai: </em>Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the elbow room to pass on the cost to consumers.</p><p style="text-align:justify">However, medium small and micro enterprises (MSMEs), especially mom and pop stores, across India are not in the same boat as the large companies and are far more vulnerable to the onslaught of raw material cost hikes and inflationary commodity cycles.</p><p style="text-align:justify">Operating from a small asset base, MSMEs&rsquo; primarily lack abundant access to formal banking capital and often find their working capital locked up with large organisations which have longer payment cycles. &nbsp;Unfortunately, India&rsquo;s MSME sector continues to languish despite the pivotal role it plays in the Indian economy. As per National Sample Survey Office data, it provides viable employment to over 11.10 crore and commands approximately a 31% share of India&rsquo;s GDP.</p><p style="text-align:justify">In the post-pandemic scenario, the growth objectives of the economy, as well as the sector, can be met once banks are sensitised to the importance of lending to MSMEs, says Pradeep Multani, president of the Punjab Haryana and Delhi Chamber of Commerce and Industry.</p><p style="text-align:justify"><strong>Edited excerpts from an interview with The Wire are below.</strong></p><p style="text-align:justify"><em>* Indian MSMEs are going through a rough patch the likes of which they have never seen before. First the recurrent waves of pandemic and now the Russia-Ukraine war. Raw material price escalation has increased input costs for a wide swathe of MSMEs. What can be done to alleviate their pains?&nbsp;</em></p><p style="text-align:justify">Amid rising prices of raw materials, there is a need to ensure enough liquidity in the hands of MSMEs. Smooth functioning of public sector units (PSUs) without disruption due to payment problems is of paramount importance in these dynamic times. The Government should provide adequate funds to the PSUs, so that they may be able to release the payments of the MSMEs and other vendors urgently to provide them with liquidity and facilitate them to run their businesses.</p><p style="text-align:justify">The cost competitiveness of MSMEs exporters should be improved and a level playing field should be created. Reduced costs of doing business and a level playing field in the country will not only increase the competitiveness of our exporters but also reduce imports of the items where India has domestic capabilities.</p><p style="text-align:justify">Please <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">click here</a> to read more.&nbsp;</p><p style="text-align:justify"><strong>Image Courtesy: <a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" title="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy">TheWire.in</a></strong></p>                                                           
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    <br><a href="https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy" class="re" target="_blank">TheWire.in, 5 April, 2022, https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy</a><div class="clear"></div>
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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)

Published on Apr 5, 2022   Modified on Apr 5, 2022

-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the elbow room to pass on the cost to consumers. However, medium small and micro enterprises (MSMEs), especially mom and pop stores, across India are not in the same boat as the large companies and are far more vulnerable to the onslaught of raw material cost hikes and inflationary commodity cycles. Operating from a small asset base, MSMEs’ primarily lack abundant access to formal banking capital and often find their working capital locked up with large organisations which have longer payment cycles.  Unfortunately, India’s MSME sector continues to languish despite the pivotal role it plays in the Indian economy. As per National Sample Survey Office data, it provides viable employment to over 11.10 crore and commands approximately a 31% share of India’s GDP. In the post-pandemic scenario, the growth objectives of the economy, as well as the sector, can be met once banks are sensitised to the importance of lending to MSMEs, says Pradeep Multani, president of the Punjab Haryana and Delhi Chamber of Commerce and Industry. Edited excerpts from an interview with The Wire are below. * Indian MSMEs are going through a rough patch the likes of which they have never seen before. First the recurrent waves of pandemic and now the Russia-Ukraine war. Raw material price escalation has increased input costs for a wide swathe of MSMEs. What can be done to alleviate their pains?  Amid rising prices of raw materials, there is a need to ensure enough liquidity in the hands of MSMEs. Smooth functioning of public sector units (PSUs) without disruption due to payment problems is of paramount importance in these dynamic times. The Government should provide adequate funds to the PSUs, so that they may be able to release the payments of the MSMEs and other vendors urgently to provide them with liquidity and facilitate them to run their businesses. The cost competitiveness of MSMEs exporters should be improved and a level playing field should be created. Reduced costs of doing business and a level playing field in the country will not only increase the competitiveness of our exporters but also reduce imports of the items where India has domestic capabilities. Please click here to read more.  Image Courtesy: TheWire.in

TheWire.in, 5 April, 2022, https://thewire.in/economy/interview-msme-bank-lending-trillion-dollar-economy

Tagged with: MSMEs Micro Small and Medium Enterprises Public Sector Units Pradeep Multani Raw materials Raw Material Prices Cost of Production Input cost Inflation Fuel Inflation

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