In order to note its remark on the state of Telangana and Andhra Pradesh, Power2SME, the first ‘buying club’ for SME in India, has made a partnership with the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI). It is basically the main industry body which facilitates and protects the interests of trade, commerce, and industry in the region to direct their large member base around the firm’s value offerings.
Power2SME signed a Memorandum of Understanding (MoU) with FTAPCCI, which was signed by Ms. Sudha Sarin, VP marketing- Power2SME and Arun Luharuka, President, FTAPCCI on the behalf of various leaders of the state and local government bodies. It was signed at the SME Transformation Camp’ event mutually held by Power2SME and FTAPCCI in Hyderabad.
As per the main part of this partnership, Power2SME, and FTAPCCI provided info to MSMEs present at the event about the importance of using technology in order to handle various problems such as raw material acquisition, working capital requirement, manufacturing excellence amongst others.
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Important meetings were also held by delegates from SIDBI, Power2SME, and FTAPCCI, greeting Power2SME’s brand offerings and how they handle issues which are raised by SME sector, raw and the importance of SME visibility and credibility for overall country development.
In order to increase their business and guide them with the competitive edge, the SME Transformation Camp provided solutions about the problems encountered by SMEs which may hinder their business and growth.
The union focuses to connect with the large base of MSMEs in the region and organize a series of events during the entire year. The new move received a great response with over 80 MSMEs participating in the event.
In order to work in-line with the government to support MSMEs, Power2SME choose Hyderabad to mark its presence in the district and lead MSMEs with different solutions to grow in the ever-changing business environment.
Sudha Sarin, who is the Vice President of Marketing and Communications, in Power2SME stated, “As we commence our operations in Telangana and Andhra Pradesh, we seek to work collectively with MSMEs in the region to help them enhance their performance and profitability while simultaneously addressing challenges that hamper their operations. With a robust focus on expediting the growth of the MSME sector in the region, the comprehensive solutions offered by Power2SME will cater to procuring & sourcing raw material and providing financial aid & MRO services.”
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Arun Luharuka, who is the president of the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) stated, “We are happy to collaborate with Power2SME to support the operations of MSMEs in the states of Telangana and Andhra Pradesh. This association will benefit a large number of MSMEs present in the region to help augment their growth. Companies like Power2SME help these enterprises enhance operations and boost confidence & business performance. We encourage more and more SMEs in the state to take part in the initiative being undertaken and gain from the knowledge and expertise exhibited in the SME Transformation Camps being organized.”
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