International Panel Series, Sustaining SMEs, 30th July 2020

30th July 2020 , @ 06.00 PM

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The COVID 19 pandemic has engulfed the entire world in an unprecedented manner. The socio-economic impact of the disaster is yet to be ascertained, but it is no guess that we need to be prepared for an enormous disruption at a global scale, and at socio-economical front.

There is an urgent need to channelise all our resources in order to push ahead and face the challenge. Every sector and strata of the society will need to be a part of it and the way forward lies only in collective action. The businesses have a crucial role to play during and post the pandemic. There is a need for businesses not only to sustain and adapt themselves but to support the private sector and society in these uncertain times and in an unchartered territory.

Keeping this context in mind, GCNI CEGET in partnership with Alliance for Integrity India is organizing an 'International Panel Series' on the theme 'Shaping a Sustainable Business Post-COVID', which shall bring to the fore the discussion by subject matter experts on the topics that matter and questions that need to be answered to help businesses face the challenges posed and also to look for opportunities for becoming stronger and relevant.

The fourth panel will deliberate upon Sustaining SMEs
Small and Medium Enterprises (SMEs) play a crucial and dynamic role in the growth of the Global economy over the last few decades, particularly in developing countries. It represents 90% of the business globally and more than 50% of employment worldwide.

They are not only one of the bigger employers in the economy but also assist in the industrialization of rural & backward areas. With their socio-economic contribution, they have undoubtedly become the backbone of the global economy.

It is no surprising fact that SMEs are one of the most adversely affected parts of the economy. While the governments across the globe have been doling out financial packages and schemes, there are still questions to be answered and discussions to be had. The challenges faced will be on the front of cash-flow/liquidity, labour, documentation, maintenance of sanitation, and social distancing in the event of opening.

For details Contact: Arya Dev, Programme Analyst (Legal), GCNI CEGET
arya.ceget@globalcompact.in, +91- 9953537783