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SESSION 3: SME - The Backbone of Economy  " Challenges of being first generation woman entrepreneur ".

UMA REDDY

umareddyhm@gmail.com

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Technocrat Women Entrepreneurs� - gearing for success, contributing to society�

  • Why Women entrepreneurs?
  • Globally, women-owned businesses represent 32-39% of all private businesses globally

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  • Women do 66% of the world's work, receive 10% of the income, and own 1% of the property

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  • Women make over 70% of consumer purchasing decisions and impact over $12 trillion in spend

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  • In Bharat, the over one billion population has 49% women.
  • With an economic growth rate of 9 - 12%, there is an immense potential for business.
  • However, only about 12% of the over 2 million small scale units are women owned !

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Women Entrepreneurs�

The 1980’s saw a transition for women

from

Breadmakers to BreadWinners

Jobseekers to Job Creators

Women took up employment,

    • to establish an identity /
    • to supplement family income,

Women took up entrepreneurship as

an alternative to employment

      • balance family & work
      • better managers

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women entrepreneurship

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The Paradigm shift

In the new millennium

  • Gender equality
  • Women more confident
  • Women friendly Government policies
  • Special schemes from financial institutions
  • Increased no: of NGOs, Associations, chambers, supporting women entrepreneurship development

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Challenges

    • Access to finance
    • Limited skill sets
    • Access to information

Women as Role models

    • in politics
    • in industry
    • in banking
    • in education
    • In governance

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Realising her dream

In today’s world

  • Influence of ICT in enterprise growth – (distances have shrunk)
  • Enhanced market reach for women entrepreneurs.
  • Increased family support
  • Retailing, small enterprises - rural – urban link
  • Networking

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emerg is a Not for profit, network of women in Engineering Technology & Services, started by 7 women entrepreneurs in the engineering sector

Engineering Manufacturer Entrepreneurs Resource Group

Development Objective : To provide training of the rural unemployed, with a focus on women, to gear up heir skill capabilities, so as to be absorbed by the industry.

Key Activities:

  • Mentoring
  • Computer Literacy Centre
  • Training etc
  • Supplier diversity Program – WeConnect India

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HOW??

  • Sharing best practices
  • Mentoring
  • Awareness & Training
  • Access to Finance - referral
  • Skill training & reskilling
  • Cluster development & Incubator
  • Test and Calibration Centres

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  • International / National trade delegations

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  • Opportunities for all

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Computer Literacy Centre

Vocational Training - Need based modules.

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  • WEConnect members are leveraging local purchasing power
  • Business assessment and certification conducted in partnership with Ernst & Young confirms that a business is at least 51% owned, managed and controlled by one or more women
  • Partners: CII, eMERG, ITC, MAWE, NASSCOM, SEWA, World Bank
  • WE Connect will help create competitive advantages for women owned businesses by facilitating business opportunities between the Fortune 500 member companies and WeConnect certified women's business enterprises in India.

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Certification - WEConnect India

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In 1984

A TECHNOLOGY company, established in 1984 that develops and delivers CRITICAL TECHNOLOGY PRODUCTS to its customers

OBJECTIVE

To continuously improve “Product , People & Performance” to achieve our commitment to Quality, Cost and Delivery.

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QUALITY POLICY Total Customer Satisfaction by providing quality products and services through continual improvement in all its activities

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WHAT WE DO !

PCB Assembly, Cable Assembly & Cable Harness & Electronic Equipment sub-assembly

- PCB assembly, cable assembly & cable harnesses

- Electronic & electro-mechanical equipment assembly.

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CAD based PCB ( Printed Circuit Board) designing

- designing of single, double and multi layered PCBs.

Transformers and Coils

- Wide range from power transformers, coils, current transformers, inductors, pot core, pulse, RF chokes and SMPS transformers

- Both low and high frequency, High Voltage Coils

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QUALITY CERTIFICATIONS

  • ISO 9001 – 2008 accreditation
  • Traceability
  • UL / on request from UL
  • EMI / EMC Testing – on request – done at TUV
  • Implement EHS policy
  • Sp tests – Bump & Vibration - ETDC

Team Building & Skill Training

Reskilling

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AWARDS & RECOGNITIONS

  • Received Performance award from GE Medical Systems – Pune , in recognition of outstanding contribution towards, Quality, Cost and Delivery.

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  • National Award in the Year 2002

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  • Kirloskar award for Best Supplier in 2006

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  • Safety Award from ABB in 2007

& 2011

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You are a woman by chance.

Be a successful

entrepreneur by choice!

You see things as they are & ask – Why?

But I dream of things that never were & I ask – Why Not!

- George Bernard Shaw