By Gargi Prasai Seventy-five years after its existence and faced with competition from global players the SMEs of Roller Flour Millers Federation of India finds itself at crossroads. On one hand the mills need to keep pace with global technological advances in maintaining quality and nutrition st…
SMEs to impact growth positively in 2016
The UK’s Small and Medium Enterprises feel that the availability of better technology will be the most important contributor for business growth next year, with 39% citing it will have a positive impact, up from its position in second place last year, according to research from Barclays Business.…
Cabinet Secretary monitoring MSME plans
Speaking about the sops beings given to the MSMEs under the Make in India programme, DIPP Secretary Amitabh Kant said that the Cabinet Secretary is monitoring the plans made for 25 different sectors. While speaking about how the Technology Acquisition Fund (TAF) will help MSMEs source latest tech…
Sustainable growth of MSMEs | Focus Eastern India
At the Business Standard Smart Business panel discussion on ‘Sustainable Growth of MSMEs – 2020: Focus Eastern India’ in association with Bharat Chamber of Commerce, panelists were unanimous that MSMEs needed government support to compete on a global platform. “India is poised for gro…
Falling exports, a big concern for MSMEs | FISME
While some experts are saying that the near 25% drop in exports should be viewed with caution not panic, the 28.5% drop in export of Engineering Goods is really alarming, said Federation of Indian Micro and Small & Medium Enterprises (FISME), an apex body for MSME associations. India’s …
SMEs must tap capital market for funds | S V Muralidhar Rao, ED, SEBI
The SMEs should make use of the opportunities emerging in the capital markets to get funds for their needs and for greater visibility in the market, according to S.V Muralidhar Rao, Executive Director of SEBI. He was speaking at an awareness programme organised by the NSE in association with Andh…
US Fed rate hike will have minimal impact on MSMEs| Arvind Subramanian, Chief Economic Advisor
The impact of the US interest rate hike should be minimal in India as the country is relatively well cushioned, Chief Economic Adviser Arvind Subramanian said on Thursday Policy makers, including Reserve Bank of India Governor Raghuram Rajan, have been touting India as being more insulated to Fed…
Exclusive | SMEs have a huge role to play in mining | Mines Secretary
In a departure from the arbitrary way of non-coal mines allocation, a transparent auction process is set to start in the country bringing a lot of opportunity for the SME sector. Apart from value-addition of major minerals, the SME sector can also look forward to bidding for minor minerals. While…
SFURTI | Scheme to enhance productivity of Khadi & Village Industry and Artisans
To boost Khadi and Village Industries, the government has approved 71 new clusters with an outlay of Rs 150 crore to benefit 44.500 artisans in the country. The Minister of State Griraj Singh said, 10 of them will be major cluster, while 59 minor and two heritages. The clusters include coir as we…
Exclusive | MSME response for online UAN encouraging | Anup Pujari
Udyog Aadhar Number, a scheme launched by Micro, Small and Medium Enterprises Minister Kalraj Mishra in September this year to provide on-line registration of small and medium business in the country has evoked positive and encouraging response in the country. Till date, more than 91,000 Micro, S…