Pre Budget Quote by Mamta Binani, President of MSME Development Forum – West Bengal
Kolkata, 23rd January 2023: CS (Dr.) Adv. Mamta Binani, Past President of ICSI & President of MSME Development Forum WB said, “Micro, small and medium enterprises are among the most important pillars of India’s economy and the government should work to make the sector stronger and more developed. The expectation from the upcoming budget is to bring some relief to the MSME sector which has been reeling under challenges since the pandemic. We look forward to a budget that offers a roadmap for heightened economic revival, with greater spending on infrastructure and enhanced incentives for corporate CAPEX. We believe that the country is still on track to achieve the $ 5 trillion vision by 2025 and expect a host of reforms aimed at empowering the start-up and entrepreneurial culture while augmenting healthcare and allied sectors. Technology, manufacturing, and R&D comprise the future of India and we look forward to initiatives aimed at making India a global super-power in these frontiers. Access to finance has always been a growth barrier for the MSME sector, as small business entrepreneurs do not have enough assets to offer as collateral. Lastly, I believe that the upcoming Union Budget will help with the overall GDP and creates more demand and job opportunities in the wires and cables industry.”
Mamta Binani is the President of the MSME Development Forum – West Bengal. Ms. Binani has served as a jury member of the ICSI National Award for Excellence in Corporate Governance and CSR, 2016, the Golden Peacock Award of The Institute of Directors for the year 2016, ASSOCHAM Award for Commendable CSR Activity for the year 2016. She is the Vice President of the Kolkata National Company Law Tribunal Bar Association, the Chairperson of the Merchant Chamber of Commerce-Legal Affairs Council, and also an executive committee member of INSOL India. She is a Board Member of the International Women’s Insolvency & Restructuring Confederation (IWIRC) and is presently the Co-Chair of the India Network.
Ms. Binani is an Independent Director in some of the reputed Boards of the Country viz. Century Ply, Balrampur Chini Mills, Emami Limited, and others. Ms. Binani feels that the government is the engine and that as a member of that machinery, it is her responsibility to highlight the government’s efforts by bringing them to the masses and classes.