The situation of unemployment among youth is very critical for Indian economy. According to Labour Bureau, the workforce increased by around 4.37 crore during 2012-13 and 2013-14. The number of educated and uneducated job seeker residing in rural and urban areas registered with employment exchang…
Govt to encourage toy making in MSME | Giriraj Singh, MoS, MSME
Stung by cheap imports of Chinese toys, the government has come out with plans to promote and develop toys in the Micro, Small and Medium Enterprises in the country. The MSME Ministry has already come out with various schemes and programmes in designing, market assistance, technology up gradation…
Start-ups have put India on the World map | CII Report
Start-ups have put India on the World map by making it the third–ranked global start-up ecosystem in 2015. However most of the start-ups as well as their backers and financiers are located in Delhi, Bangalore and Mumbai, A report on start-ups released at a CII Conclave said. The focus tends to be…
Packaged food offers big opportunity | D.S Rawat, Secretary General, ASSOCHAM
Country’s packaged food business has grown manifold, and it is estimated to grow to USD 50 billion by 2017 from USD 32 billion at present, a survey said on Sunday. “There has been a major shift in food habits in metropolitan cities. About 79 percent of households prefer to have instan…
SMEs need to link with Japanese firms | Baba Kalyani, CMD, Bharat Forge
To boost the economic ties between India and Japan, Indian Business leaders have suggested to review the current free trade pack, swift implementation of the social security agreement, and fostering linkages between big Japanese companies and SMEs in India. These recommendations were made by Indi…
Aditya Birla Finance to fund SMEs | Rakesh Singh, CEO, Aditya Birla Finance
Aditya Birla Finance, a non-banking finance company (NBFC), will foray into unsecured lending with personal loan and business loan segments from January. “We want to focus on personal loans and business loans to SMEs (small and medium sector enterprises). Granular business will be our focus. We w…
East has a lot of catching up to do| CRISIL Study
Credit rating agency CRISIL, which has analysed the performance of about 830 micro, small, and medium enterprises (MSMEs) from the eastern region of the country, found that they lagged behind other regions in growth. The companies were rated on the basis of their 2013-14 (April 1-March 31) finan…
October 2015 IIP numbers indicates pick up in SMEs
India’s factory output grew sharply at 9.8 percent in October, mainly due to a robust 10.6-percent growth in the manufacturing industry; nearly half of it came from MSME sector. The latest monthly government data showed the growth decelerated to 3.84 percent in the month before and was plac…
Gems and jewellery SMEs to be upgraded | Rajasthan Govt
Rajasthan Government will tweak policies to facilitate the uplift and upgrade diamond, gems and jewellery industry, which are mostly in the SME sector and have huge potential for job creation. Indicating this, Rajasthan MSME principal secretary Rajeeva Swarup said the diamond, gems and jewellery …
Rainmaker closes maiden venture capital fund
Rainmarker Ventures, founded by Sudhir Menon and Atul Hegde, on Friday announced the closure of its first venture capital (VC) early stage fund. “We want to fund companies before their first institutional round. All companies we invest in should have a mobile play,” said Hegde. The co-founder of…