Technology up-gradation is a big concern for MSMEs, need to adopt latest technology to compete with rest of the world, the awareness and affordability of Information and communication technology (ICT) tools is relatively low, said Union Minister Shripad Yesso Naik. Minister of State (I/C) for AYU…
Tata Teleservices to focus on SMEs in Gujarat
Eyeing larger business potential in the enterprise services segment in Gujarat, Information Communication Technology (ICT) solutions provider Tata Teleservices Limited (TTL) is looking at providing customised ICT solutions for the State’s SMEs in the auto-mobile, retail and IT start-ups space. Th…
Innovative SMEs merit better institutional funding | CRISIL
A joint study by CRISIL and ASSOCHAM of 12,000 CRISIL rated micro enterprises, having a turnover of less than Rs 1 crore each, has found that access to institutional finance remains the biggest hurdle to growth for this segment. With access to institutional finance for meeting working capital nee…
Cisco plans to invest $240 m in start-up space | Amit Phadnis
IT major Cisco has committed to invest $240 million in the start-up space. The investment will be targeted at start-ups that build products with global appeal. It is looking to invest in start-ups that specialize in cloud computing, mobile technologies and Internet of Things (IOT). At a press con…
UrbanClap to get funding from Ratan Tata
Leading services marketplace UrbanClap, where Ratan Tata made his latest investment, wants to be counted among the top five internet businesses in India within a year. Co-founder and Chief Executive Abhiraj Bhal told Business Standard, “We are looking to become the Amazon for services’’. The comp…
Desi script helps small turn big!
When Bangalore-based Hector Beverages decided to launch ethnic Indian drinks brand Paper Boat with Aamras and Aam Panna, it found its main ingredient, raw mango, a tough nut to break. “It was almost impossible to process a hard fruit like raw mango. If we ripen and then pulp it, it loses its gree…
Start-ups can now pitch for government contracts in Karnataka
Karnataka plans to become the first state in the country to allow start-ups to pitch for local government contracts, a move that could potentially revolutionise procurement for government agencies by bringing down costs and access to new technology solutions. The move called ‘the start-up forum’,…
SMEs to drive ‘Make In India’ in defence
It is imperative for Indian SMEs to integrate themselves into the supply chains of national and international defence majors to reduce dependence on foreign supplies and gain a foothold in the international market, Union MSME Minister Kalraj Mishra said today. “India, till the recent past, …
New rating scheme mooted for MSME | Anup Pujari | MSME Secretary
A new rating scheme called ZED Maturity Assessment model is being worked by government for small and medium enterprises, official sources have said. The scheme is aimed at aligning micro, small and medium enterprises with global standards by offering support through Quality Council of India. MSME…
Cluster development programme for pharma sector
The Government has announced a central sector scheme titled ‘Cluster Development Programme for Pharma Sector (CDP-PS)’. The scheme would be implemented on a Public Private Partnership format through one time grant-in-aid to be released in various phases for creation of identified infrastructure a…