India’s leading metal producer ‘Vedanta’ floats INR 500 per tonne discount on aluminium and other commodities for the MSME sector

The leading metal producer of India, Vedanta Limited has floated an attractive offer for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry observing the World MSME Week.

As per the promotional statement, under the company’s Vedanta Saathi programme MSMEs can obtain a discount of INR 500 per tonne on the first 500 tonnes of purchase in Aluminium and on other company produced commodities, on a first come first served basis, while it has been highlighted that scheme will be active for this week only, ending 3rd July 2021.

The eligibility criteria to avail this offer, MSMEs must have manufacturing operations in the metals business, with an actual manufacturing setup and must possess Udyog Aadhaar Number (UAN) and Registration Certificate.

''To avail the scheme and get full details, interested MSMEs can register on the Vedanta Saathi website (www.vedantasaathi.com) and send an enquiry to saathi@vedanta.co.in, following which Vedanta’s sales teams will reach out to them,'' the statement added.

Anil Agarwal owned Vedanta with a significant MSME customer and supplier base has been fostering the MSME ecosystem for over two decades through its expansive value-chain, supply-chain, and social-developmental programmes. 

The company offers various schemes, incentives, and opportunities for MSMEs, under its Vedanta Saathi programme, such as:

• Channel financing at attractive rates and fast disbursement, in partnership with a host of leading banks, NBFCs and FinTech firms;
• Soon to be launched e-commerce solutions for an agile, easy, and transparent way of buying from Vedanta’s entire bouquet of high-quality value-added products, with doorstep delivery through micro-logistics partners; 
• Avenues for technical upskilling with access to the company’s wide community of research institutes, industry associations, in house and external global experts; 
• Opportunities for MSMEs to set up downstream/ancillary manufacturing units near Vedanta’s plants, with benefits like just-in-time delivery of raw material (hot metal supplies), low working capital and CAPEX involvement; 
• Single window for MSMEs to interact with Vedanta’s Quality, Product Application, Engineering, and Innovation teams through a dedicated web portal.

While commenting about Vedanta Saathi, Ajay Kapur, CEO – Aluminium & Power and MD – Commercial, Vedanta Ltd., said: “Post pandemic, we have been seeing significant restructuring in the global supply chain, as companies look to diversify their supply and service networks. This offers our MSMEs a huge opportunity to tap into the new markets with access to new-age technologies, opportunities to upskill, and quality raw materials. Besides getting integrated into these global supply chains, it will also improve MSME’s share of contribution to GDP which stands at only 7% now. Under Vedanta Saathi, we have developed various initiatives that can help MSMEs accelerate this growth journey.”

As of today, 150 plus MSME customers have availed channel financing to access a credit limit of INR 1000 crore by leading banks and NBFCs. Vedanta is committed to growing this limit by 5x for MSME customers, adding more banks and NBFCs to its fold.

The upcoming e-commerce offerings shall offer significant benefits for MSMEs like live pricing options, direct buy access to a diverse product portfolio with no bar on quantity, as well as easy delivery tracking and micro-logistics.

source https://www.alcircle.com/news/indias-leading-metal-producer-vedanta-floats-inr-500-per-tonne-discount-on-aluminium-and-other-commodities-for-the-msme-sector-67694