Machines & Equipments Selling Scheme through Aggregation Services

Introduction

Marketing, a strategic tool for business development, is critical for the growth and survival of MSMEs. Due to the lack of information, scarcity of resources and unorganized ways of selling/marketing, MSME sector often faces problems in exploring new markets and retaining the existing ones.

It has been observed that with increasing competition due to liberalisation of the economy, the survival and growth of MSEs are critically dependent on their modernisation and timely machinery upgradation. Upgradation of both the process of manufacture and corresponding plant and machinery is necessary for small enterprises to reduce the cost of production and remain price competitive.

Objective

The scheme aims at facilitating the buyer for purchase of machinery from NSIC empanelled Manufacturers and approved Authorised Indian importers.

Scope of Scheme

• Identification of Manufacturers producing Key Categories of machinery which are in high demand. Initially Top 100 Machinery manufacturers may be targeted for on-boarding.
• Leading Seminars/Exhibitions will be attended for searching out the latest Technology/Machinery and on-boarding them with NSIC.
• To create a pool of Machines & Equipments suppliers/manufacturers & facilitate latest technology/modern equipment to MSEs & others on PAN India basis.
• Detailed & Accurate information about Machines & Equipment and verification to ensure authentic Seller.
• Physical verification of Machines & Equipments by the NSIC committee prior to supply.
• Secured transactions.
• Tie-ups with Indian Manufacturers of Machines & Equipments and Authorized Indian Dealers of Imported Machines.
• Launching of Machine & Equipment Scheme (New Verticals) on pilot run basis through Zonal Offices/Branch Offices/NTSCs.

Strategies for Enhancement

1. Directory of Indian Machinery Manufacturers arranged from Machinery Manufacturer Association/leading Machinery Exhibition organizers.
2. Leads forwarded from Head Office.
3. Link this scheme with credit linked financing support or with financial Aggregation Services.
4. Developing futuristic long-term verticals in emerging areas.
5. Adding new customers by creating awareness through various means.
6. To create awareness and educate MSMEs about importance/methods/latest Manufacturing technology, Quality Product manufacturing and latest technical developments.
7. In phase one Indian Machine Manufacturers will be empanelled; later Foreign Manufacturers can be added, especially with countries where NSIC already has MOU for Technology transfers.
8. Vendor Development Program (VDP).
9. Awareness Programs.

Eligibility Condition

Tie-ups with Indian Manufacturers of Machines & Equipments & Authorized Indian Dealers of Imported Machines & Equipments with a condition of minimum Turnover of Rupees One Crore or more for the sale of Machines & Equipments in the last financial year.

Selection / Empanelment of Manufacturer/Seller

1. For empanelment, manufacturers/suppliers have to show interest to EOI & furnish details as desired in online format & download the printout.
2. Submit the duly filled Empanelment form along with desired documents to the nearest BO/ZO/NTSC/HO.
3. Submit duly signed documents to our NSIC Office.
4. After selection for empanelment, they will be called for execution of Agreement with NSIC.

Procedure for Buying Machines & Equipments

1. Machines & Equipments shall be selected from available list of products by the Buyer.
2. The unit/Buyer will apply to the NSIC Office by filling a Booking Order Form along with Terms & Condition.
3. The Booking order will be submitted & the proposal may be accepted for Booking on receipt of advance minimum Rs. 5,000/- or 10% price of Machines from Buyer (whichever is higher), along with duly filled & signed PO Format.
4. For balance payment terms & condition, please refer the detailed Scheme.