Press Release

ETRise Virtual Felicitation Ceremony of Top MSMEs '21 Ranking

Kolkata, Dec 29th, 2021: The Economic Times Digital has organized the virtual felicitation that announced the coveted Top MSME ranking across the four categories of participation, including India's Top Innovative MSMEs, India's Fastest Growing MSMEs, India's Top Exporter MSMEs, and India's Top Performing MSMEs. Apart from that, the event has also included lively discussions with leading voices of the MSME ecosystem.

The CEO of NITI Aayog, Amitabh Kant, delivered the keynote address. Akash Gehani, COO & Co-Founder, Instamojo; Pavan Ponnappa, Head - Categories & Marketing, eBay; Manan Dixit, Founder & CEO, Friday participated in the first panel discussion.

The second Panel discussion topic was 'How can MSMEs get access to finance?' Here notable panelists like Amit Bhatia, Managing Director, Head - International Private Bank, Deutsche Bank, India; Rachana Bhusari, Vice-President, National Stock Exchange of India; Shachindra Nath, Executive Chairman & Managing Director, UGRO Capital shared their valuable opinions. MSMEs in India enjoy both institutional and non-institutional sources of finance. Subjects regarding venture capital, ease of business, bank credit, NBFC loan, Microfinance institutions were brought to the forefront.

As MEGAA MODA PVT LTD held the top rank of India's Top Exporter MSMEs, Mr. Yogesh Gupta, the director of MegaaModaPvt. Ltd., collected the prestigious award on behalf of the team. He proudly referred to his enterprise and said, "MMPL is one of the distinguished processors and exporters of seafood in India operating under the registered brand 'MEGAA.' Our factory brand has both the pre-processing and processing capacity.

Under the Ministry of Commerce and Industry, Govt of India, the company is recognized as the Two Star Export House. This shrimp exporting plant facilitates workers' accommodation, cold storage, laboratory, reefer vans, and logistics.

Mr. Gupta also added: "I am very happy to receive this award from ETRise 2021, and I owe it to my colleague, Mr. Shankar Ramalingam and all my other colleagues in the company who had brought this company from one level to another and it is because of them that we have reached here. We do have plans of future rise also and look forward to a better performance in the years to come."

Fisheries Exports Promotion Workshop under Pradhan Mantri Matsya Sampada Yojna

The Cooperative Sector Export Promotion Council under NCDC has organized a workshop at Hotel Pride Plaza, New Town, Kolkata, to promote and boost exports through cooperatives in tune with the Agricultural Export Policy under the direction of the honorable union minister Sh. Narendra Singh Tomar Ji and Sh. Piyush Goyal Ji.

COOPEXCIL-NCDC; Department of Fisheries, Government of India; Government of West Bengal; and Indian Chamber of Commerce (ICC) have jointly organized the event. The workshop's focus was to deliberate upon issues connected with exports in the fisheries sector and recommend measures to the quarters concerned. Mr. Shankar Ramalingam, Director Megaa Moda PVT. Ltd delivered the keynote address. The panelists expressed their views on 'infrastructure support for export promotion and quality and standardization issues for exports.

MEGAA MODA had set up a stall to display their products and to address the queries of their consumers. Thus, trying to maintain a transparent buyer-customer relationship.

NCDC plans to promote and finance cooperatives in the country, co-partnered with Cooperative Institutions and Government to perform developmental activities in agriculture and other sectors.

Fisheries is a sunrise sector having massive potential for fish production and employment generation.

India has made a name for itself in the fish processing domain. It complies well with international standards. The fish export value is 6% of the total global trade, amongst which frozen shrimps and prawns remain the largest offering in the Indian export basket.

India has immense potential to increase its export of fish by a manifold which will help raise the incomes of fishermen who are among the disadvantaged sections of the society.

The workshop also focused on India's potential to increase fish export. Thus, raising the fishing community's income. NCDC is working to implement PMMSY, the flagship scheme of the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India, aims to enhance fish production to 22 million metric tons & fisheries export earning to Rs. 1,00,000 crores by 2024-25. NCDC is an end implementing agency under PMMSY.

For more info: https://www.megaa.in/products/range