There are about 10 thousand Micro, Small & Medium coir manufacturing units in Alappuzha district which are involved in husk collection, coir fibre extraction, spinning & rope making, coir matting, coir carpets and more. Coir processing at Alappuzha (Kerala) is a traditional hand-loom acti…
Vodafone’s enterprise arm to help SMEs stay competitive
Vodafone Business Services (VBS), the enterprise arm of Vodafone India, plans to transform itself from a mobility products provider to a provider of information and communications technology (ICT) products. VBS is also revamping its existing engagement model and will double its channel network by…
NSE, Andhra Pradesh Govt. to facilitate growth of SMEs
The National Stock Exchange (NSE) and the Andhra Pradesh government are collaborating to facilitate the growth of high potential small and medium enterprises (SMEs) in the state so that they are enabled to scale up their businesses to compete globally, said Executive Director of SEBI (Securities …
Worsening exports threatens SME exporters, jobs | T. S. Bhasin, Chairman EEPC India
The situation on the external front has worsened rather than improving, raising a serious question about the sheer survival of export sector with a large number of jobs at stake, said Chairman of the EEPC India Mr. T. S. Bhasin. In his reaction to the release of trade data for November, Mr. Bhasi…
NSIC supply of raw materials to MSMEs registers growth
The state-owned National Small Industries Corporation Limited (NSIC), which supplies raw materials to MSMEs, facilitated 7129 units in 2015-16 as against 6450 units in the previous year, an official announcement said. NSIC, which comes under MSME Ministry, sells raw materials to MSMEs such as iro…
Govt. & PSUs continue to comply with 20% procurement policy from MSMEs
The Government has so far not provided waiver to any industry or company from mandatory minimum procurement of 20 percent from Micro and Small Enterprises (MSE). No ministry or government department has violated this provision while securing their procurements, an official statement said. The man…
‘Incorrect’ CIBIL reports causing hardship to MSMEs
The MSME entrepreneurs, who are already reeling under the crisis of poor credit flow, high interest rates and third party ratings, now have a new reason to worry about. The Credit Information Bureau (India) Limited (CIBIL), which maintains the credit history of the borrowers for the financial ins…
Babajob.com joins Facebook’s SME India Council
In a significant development today, Babajob.com, India’s largest on-line job marketplace for the informal sector, was identified as a member of the SME India Council set up by Facebook in Asia-Pacific today. Facebook, which has over two million Indian Small and Medium Businesses (SMBs) on i…
Reliance Capital to increase exposure to SMEs | K V Srinivasan
Reliance Home Finance, the mortgage subsidiary of Reliance Capital, plans to increase its Assets Under Management (AUM) from Rs 6,500 crore to Rs 50,000 crore in five years, most of which will come from disbursing loans to self-employed customers. The company also plans to issue masala bonds, or …
Inclusion of MSMEs in start-up definition will boost ‘Make In India’
The government is considering a proposal to include Micro, Small and Medium Enterprises (MSMEs) in its definition of start-ups to help boost the Make in India campaign. Various government departments have held a series of brainstorming sessions to discuss the definition so that the policy can be …