Malaysian companies, especially Small and Medium Enterprises (SMEs), in looking at potential investments in India, have been urged to consider non-traditional sectors, including halal food manufacturing. The co-chairman of the ASEAN-India Business Council (AIBC) Datuk Ramesh Kodammal said with ne…
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YES BANK launches fully-automated current account for SMEs
YES BANK, India’s fifth largest private sector bank, has launched a fully-revamped, first-of-its-kind Current Account proposition aimed at placing the power of choice in the hands of the business consumer. This new product is an outcome of an extensive market research the Bank had commissio…
SMEs are not major defaulters of bank loans: RBI
Amidst a sense of outrage over big pile of Non-Performing Assets (NPAs) in the public sector banks, the least amount of stress is visible among not- too fancied priority sector borrowers, comprising agriculture and the micro industrial units, according to the latest RBI data. While the ratio of t…
Flipkart launches instant-cataloguing service spot-list for SMEs
The Indian e-retailer Flipkart on February 17 announced the nation-wide launch of Spotlist. It’s a service that offers instant cataloguing and listing for small-scale sellers and artisans in India. The company expects to provide small-scale sellers with professional assistant to catalogue t…
Universal robots to tap MSMEs
Denmark-headquartered Universal Robots aims to tap small industries in tier II/III towns across India, a top company executive said. In an interaction, Universal Robots General Manager (India) Pradeep S David said, “We are in talks with smaller industries like auto component and packaging industr…
Mumbai’s NTC land to become MSME hub
The textiles Ministry plans to set up Micro Small and Medium (MSME) units in the land available at the National Textiles Centre (NTC) mills in Mumbai. These units would be allied sector of textile industry, said Santosh Kumar Gangwar, Union Minister of Textiles, Independent Charge. On the sidelin…
Make in India week sees Rs. 15.20 lakh crore investments
The Make in India Week in Mumbai that showcased India’s manufacturing prowess, attracted Rs 15.20 lakh crore, Department of Industrial Policy and Promotion Secretary Amitabh Kant has said. “Make in India Week in Mumbai has been phenomenal hit. It has successfully brought manufacturing, design and…
North Eastern India holds lot of potential for food processing | Harsimrat Kaur Badal
Vibrant North-East 2016 Summit and Exhibition in Guwahati is aimed at tapping huge potential for food processing. “The focus is to ensure wholesome development of the North-East Region and to link farmers with modern technology driven agricultural practices and also to accelerate the pace of deve…
Infrastructure should be main focus of Budget 2016 | Umesh Revankar, MD, CEO, Shriram Transport Finance
Infrastructure should be main focus of this year’s budget. ‘The Make In India’ campaigns success hinges totally on support system and enabling environment. India needs faster & efficient connectivity between ports, railways to the site / plants that would reduce logistics cost which is probab…
Provide for 2% interest subsidy for small air craft acquisition to entrepreneurs: PHD chamber
February 18, 2016 | PHD Aviation Summit – 2016 – Indian Civil Aviation-Benefits beyond Borders held here on today has recommended to the government that interest subsidy of 2% should be accorded for small aircraft acquisition from financial agencies to civil aviation entrepreneurs to develop regi…