Challenges and Opportunities for Indian Small Retail Sector
Date : 17th September 2020 Time : 5 PM
At a time when economic growth in India has suffered on account of the pandemic, micro, small and medium enterprises (MSMEs) have been hit the hardest. Lack of size, availability of resources, inadequate access to finance, coupled with high finance costs and complicated labour laws have prevented India’s 63 million MSMEs from realising their full potential. However, it is now widely recognised by all stakeholders – including policymakers – that the welfare of MSMEs needs to be given priority.

CNBC-TV18 and Bandhan Bank come together with an initiative, ‘Sashakt India – Powering the MSME Engine’, which intends to reach micro, small and medium enterprises that seek to rebuild their lives and businesses post the economic and social disruptions caused by Covid-19.

Through a comprehensive outlook on Small Retail Sector, Sashakt India aims to lay out the agenda for MSMEs, in these challenging times and aims to highlight the opportunities in the macro-economic environment.

Who Should Attend & Why Attend

Who should attend: Leaders, Owners, Proprietors, Decision makers from macro, small and medium enterprises in the Small Retail sector, that are looking to revive their businesses in the new normal by understanding today’s unique challenges and tapping into the opportunities of tomorrow.

Why attend: Small retail stores still dominate the food & grocery market in India despite the existence of modern retail and ecommerce. During the lockdown it was these neighbourhood stores that stood out in their supply of essentials to households. However, these stores are faced with huge challenges in terms of operations, staffing, access to credit as well as intense offline and online competition.

Aided by a loyal customer base, these stores will have to adopt innovative solutions to survive and scale up. Easy access to right information, products and services can help businesses to operate effectively and efficiently.

This discussion will give you insights to some such solutions and tips on reimagining and elevating your business and preparing for its future in the new world.

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