L&T-SuFin participated in the 20th CII Global MSME Business Summit held in New Delhi on 23 November 2023. It was a Diamond Partner for the event.

 

The summit was organised to provide knowledge on future growth drivers, create platforms for business networking and collaboration, provide market insights on the emerging economies relevant for the sectoral opportunity for micro, small & medium enterprises (MSME). 

 

L&T-SuFin Chief Executive Mr Bhadresh Pathak was one of the distinguished speakers in a panel discussion on ‘Innovative Finance for MSMEs’.

 

Moderated by Mr Ashok Saigal (Co-Chair – CII National MSME Council and MD – Frontier Technologies Pvt Ltd), others on the panel included Mr Ronak Shah (COO & Co-Founder – Online PSB Loans Portal Ltd), Mr Bhushan Padkil (SVP & Head – D2C Business TransUnion CIBIL) and Mr Amit Kumar (DGM & Regional Manager - NR, ECGC Ltd).

 

The session focussed on how Indian MSMEs can benefit from innovative financial tools to strengthen their local presence and explore business beyond borders.

 

The discussion covered the innovation of digital technologies in finance that have helped MSMEs to access capital in a short time with less paperwork. Easy payment terms, including the daily payment option and innovative financial tools, have enabled MSMEs to focus on exploring new opportunities.

 

It was also pointed out that new-age financial practices can help MSMEs explore green finance and align with global compliances.