I cannot think of one person who has not been impacted by the onslaught of the COVID pandemic and therefore I find words fall short. I would just like to use this space to extend our absolute support to the ecosystem and beyond. And while our healthcare warriors, support agencies, humanitarians, governments and every human being with a conscience does everything in their capacity to save lives, we at GAME, feel the best support we can offer in the circumstances is to double down on our effort to address the Jobs challenge which has been made so much worse by the pandemic. We continue to work in mission mode to find effective pathways to enhance job creation and thank everyone involved for their ongoing effort. Additionally, we are leveraging the strong network of the GAME Alliance for the benefit of entrepreneurs to get through this crisis. Collaboration and working together with a shared purpose is now not just important, it is an urgent necessity.As the team and I continue our work- I wish everyone good health and god speed and I have no doubt there is a light at the end of the tunnel.
M. Srinivas Rao
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Amid the uncertainty looming around the situation of this segment, SMBStory spoke to Ravi Venkatesan, Founder and Chairman of the Global Alliance for Mass Entrepreneurship (GAME), over what impact measures such as lockdowns due to COVID-19 are going to have on MSMEs,...
A quarter of MSMEs may shut shop if the lockdown
More than one-fourth of India's 69 million micro, small and medium enterprises (MSMEs) may shut shop if the lockdown extends beyond four to eight weeks, as a majority of them will have a cash crunch, said Ravi Venkatesan, chairman, Global Alliance for Mass Entrepreneurship (GAME).
Nothing in our lifetimes has prepared us for a situation like this
The coronavirus outbreak has put businesses across sectors in the riskiest zone – especially the MSMEs (micro, small and medium enterprises). The backbone of India’s economy is the hardest-hit – where their survival is in question. Disruptions in cash-flows, wage bills, and payments...