MMS seminar discusses equipment-financing matters
Mumbai Mudrak Sangh hosted a half-day seminar on 19 June, 2014 which discussed Microsoft’s Office 365, cloud-based productivity and collaboration tools that brings together Microsoft Office, SharePoint Online, Exchange Online and Lync Online in an always-up-to-date cloud service.
24 Jun 2014 | 2084 Views | By PrintWeek India
The focus of the seminar, however, was the panel discussion on financing titled Funding ka Fanda.
In the past, print companies have used cash to finance their equipment. While this method provides security in owning the equipment outright, it also ties up valuable cash resources that could be used to expand business. Today a sizable number of investments are financed using loans extended by banks, private banks, non-banking financing companies and government-linked institutes.
Pramod Gosavi of Tata Consultancy Services set the tone for the discussion with panellist comprising of speakers from State Bank of India, Janata Sahakari Bank, Yes Bank, Electronica Finance, Sibdi and a chartered accountant. Kamal Chopra, co-chairman for government relations, All India Federation of Master Printers, was also part of the panellist. “Most printers are familiar with equipment financing but there’s a need to know the kind of specific information to make the best financing decisions for their investment. Every financing institute has its advantages, but it’s important that printers understand that how it can affect their business operation.”
The discussion touched topics on basic requirements for financine, risks, and how to proper management among others.
Advocating cluster development, Chopra said, “As printers, we want everything under one roof and that’s fine. Everyone is happy when loans are sanctioned, but the problems arise when it’s time to pay instalments. With formation of clusters, printers and allied print service providers can help each others, without taking too much risk. Government gives up to 90% assistance to such clusters with 20 print firms.”