New Delhi, Oct 15 (KNN) To bolster the operational efficiency of the SMEs, Power2SME and Coimbatore District Small Industries Association (CODISSIA) during SME Transformation Camp apprised MSMEs about the importance of technology to help them overcome any hindrance in operations as regards access to working capital and procurement of raw materials.

The SME Transformation camp was organized by Power2SME the first ‘buying club’ for SMEs in India in association with the Coimbatore District Small Industries Association (CODISSIA) in Coimbatore with an aim to strengthen operations and increase the productivity and efficiency through adoption of technology and adapting to new methods of production

Through the collaboration, Power2SME and Coimbatore District Small Industries Association (CODISSIA) would work towards educating SMEs to help them address issues which could affect their operations including the sourcing and timely procurement of raw materials and need for financial inclusion of SMEs, among others.

Being a house to over 2.18 lakh MSME units, Tamil Nadu is a state bustling with opportunities, said R Narayan, Founder & CEO, Power2SME.

He said that SME Transformation Camps can greatly help MSMEs in the region enhance operations and profitability through creating an enabling environment for their growth and development.

“We intend to make the SMEs capable of augmenting their overall performance through adopting the solutions that would be extended through the sessions conducted under the initiative,” he added.

During the event, CODISSIA, President, R. Ramamurthy said “With support of multiple government policies and schemes, Coimbatore offers a plethora of opportunities for business development and entrepreneurship.”

He said that MSMEs in the region have benefitted hugely with programs like the SME Transformation Camps organised and in future would definitely implement the knowledge they have gained and augment the business further.

The event saw D Balachandran, Assistant General Manager, SIDBI and Sathesh Kumar, Deputy Director, MSME Development Institute, Coimbatore along with senior management from Power2SME, addressing over 65 SMEs.