(Hindi Version)

NSIC has reinforced its  strength  by building  new  competencies to serve the emerging needs of micro, small and medium enterprises in today’s competitive environment. The company has created several innovative products to provide integrated support in terms of marketing, technology, credit and information to MSMEs. As a result of these initiatives, Company achieved record operational and financial performance in 2010-11. Business Turnover showed a remarkable growth of 71% amounting to Rs. 77000 million.

NSIC has been accorded a “Mini Ratna” status by Government of India – a status awarded under a benchmark of performances– physical and financial. We have got this despite being in the service sector unlike other public sector undertakings that are into manufacturing. Mini Ratna Status not only provides us more autonomy but also brings with it more responsibility and conscientiousness on us to serve micro, small and medium enterprises (MSMEs) efficiently and professionally on sustainable basis.

NSIC’s bouquet of services comprises of consortia bidding for big government contracts, single point agency for government purchases, bulk supplier for raw materials, financial consultancy, B2B marketing, marketing intelligence provider apart from other services. It’s Rapid Incubation Program for creating self employment opportunities is in big demand not only in India but also in other developing countries. We are in the process of establishing such incubation Centres in 10 African countries under the India –Africa Union Forum.

It has also been NSIC’s endeavour to develop micro & small enterprises(MSEs) in other developing countries also. We have been cooperating with many countries and assisting them in creating self employment opportunities through development of MSEs.

I  recently  visited  Ethiopia  and  Tanzania  as  part  of  the  bilateral  visit  of  Hon’ble  Prime  Minister  of India during India Africa Summit-II to these countries and signed two Memorandum of Understanding. First one was signed with Federal Micro and Small Enterprises Development Agency (FeMSEDA) of Ethiopia. Second one was Joint Action Plan signed with Small Industries Development Organisation of Tanzania. Both the agreements envisage cooperation for the development of MSMEs in these countries.

NSIC provides customers with high quality products and services and practices a shared code of conduct that includes fair corporate  activities  and  proactive  contribution  to  MSMEs  fraternity  and  local communities. Company is committed to transparency  in  all  its  dealings  and  places  highest  emphasis  on  corporate  ethics  in serving  MSMEs  and Stimulating Entrepreneurial Culture, which is key to economic growth and NSIC is dedicated to fulfil this mission.
 

(H. P. Kumar)

Chairman-cum-Managing Director