The ongoing two days Msme World Expo 2018 being held at NSIC((National Small Industries Corp. Ltd, A Govt of India Enterprise), A.S. Rao Nagar, ECIL, Hyderabad is throwing a challenge to MNCs in terms of products and service offerings.
The Expo became a venue for the launch of many innovative products and services by MSMEs. These are on par with MNCs. That is why it is said, today’s MSMEs are tomorrow’s MNCs.
Some of these include: Sunrio, India’s first LED TV, available in wide range of 4K U HD TV, LED Smart TV and LED TV. It is a “Made in Telangana” product informed G.Venu, MD of Sunrio Technologies Pvt. Ltd.
This Hyderabad-based company, SUNRIO Technologies Pvt Limited will set up LED TV manufacturing unit with an investment of Rs 20 crores at Medchal near here.
Speaking on the occasion, the company Managing Director G Venu said that the TV manufacturing unit is one among the 3 such units in South India, he said the unit is likely to come up in next one year and the company manufactures 13 variants from 16 inches to 65 inches 4K ultra HD LED TV, price ranging from Rs 6,000 to 1.19 lakh.
Our initial capacity of the unit is 800 TVs per day and we will expand it depending on the demand, he informed that our price was much lower than branded TV products and no compromise in the quality. Even before the formal launch of the product, it has already sold 5000 units, Venu added.
Supusti Foods unveiled their service, i.e the delivery of Sprouts at the doorstep. We are Sproutswala, like Chaiwala and Paperwala, announced Rajesh Gajawada, CEO of Supusti Foods, a MSME/ a Startup. We provide Nutrition Boxes, Healthy sprouts to homes at events, he declared. Saiteja, another founder of the Supusti Foods said healthy food is not available. Whether you like or not, you will end up eating unhygienic, fried food. Our endeavor is to see that healthy sprouts are available and they must be door delivered like the way milk and newspaper are delivered everyday morning, That is our dream, he announced.
The two years old MSME already home delivers sprouts to 750 homes every day. They supply 14,600 kilograms of sprouts valuing about Rs 1crore every year to various homes/offices/events/outlets across the city.
Soon we will also introduce morning needs by supplying oats, milk, and cut fruits, they informed. These 50grams of sprouts are home delivered for just for Rs 10/- per and Rs 260 per month. They charge Rs 40/- delivery charge per month.
Health is wealth. The Health Insurance system in our country is complex and layered with rules. Whether you’re a patient or care for one, managing medical claims can be challenging and time-consuming. A wrong decision can prove costly to your health and finances.
La Mintage, another MSME offers a novel service. They extend help in Health Insurance Claims. Not all are well versed with health insurance claims. We provide help there. We sit in every hospital. We have helped so far 100 people and health insurance claims worth Rs 1 crore, informed a representative of the La Mintage.
La Mintage help ensures you receive all the health insurance benefits to which you are entitled. They make sure your bills are accurate, inform you about your options, and decipher and manage the endless paperwork. This kind of a service is well known in western countries. In fact, in some developed countries, these services are rendered by Claims Assistance Professionals (CAPs). With years of experience in medical claims, a CAP professional is your champion, stepping in as needed to resolve problems and facilitate claims payment.
La Mintage is one such company which has first mover advantage. For helping in claims settlement, they don’t charge much. For a one lakh medical insurance claim our feed could be in the range of Rs 2000 to Rs 4000/- informed the representative of La Mintage.
Claims Assistance Professional is an organized profession in other countries. It is slowly developing in India now.
Health insurance in India is a growing segment. 18 percent of the urban population and 14 percent of the rural population is covered under health insurance. For the financial year, 2014-15 Health Insurance premium was Rs.20,440 crores. Every year crores of rupees worth health insurance claims are applied. Health Insurance Claims Assistance is the most sought-after service. When recovering from a major illness, the last thing you want to do is wade through stacks of medical bills, decipher confusing insurance statements and fight your health insurer over claim denials. La Mintage is a visionary MSME is a pioneer in introducing this service ahead of many MNCs. And that too this service is started in Hyderabad as the MSME is based in the city.
The MSME WORLD EXPO 2018 is organized by MSME World, a not for profit, Pan India, only of its kind of MSME Industrial Body, founded in Hyderabad with branches across states like Tamil Nadu, Karnataka, Maharashtra
The expo has 100 stalls. Some of the exhibitors include Samraj Industries, Admanch, SSSP, Flytees, Offt-Oni, Diala Rupee, Supusti Foods, SOS Group of Cos, La Mintage and others.
Expo will conclude on Sunday. MSME Development Seminars are also organized along with the expo informed Gampa Srikanth, Founder of MSME World.
The expo offers a platform for a startup to pitch in new ideas. Knowledge sharing seminars and workshops to learn new skills are also held in parallel to the main event.
The objective of the event is to create opportunities for MSMEs to grow. MSMEs are the backbones to any economy. Today’s MSMEs are tomorrows MNCs (Multi-National Companies). The idea behind MSME World, which has 300 plus members is to empower MSMEs in terms of developing their business plans, helping them in fundraising, assist them in identifying right technology, help them in collaborations, assist in marketing, branding, digitalizing their business etc.
Over 10,000 footfall reported in the two days.
MSME is a not for profit, Pan India, only of its kind of MSME Industrial Body, founded in Hyderabad and has now branches in Tamil Nadu, Karnataka, Maharashtra and soon expanding pan India. It has little 500 members across India.
The two day MSME World Expo 2018 concluded on Sunday evening.