The Karnataka government is pitching for global investments in the textile sector.The State is home to 70 large and medium textile companies and more than 50,000 small units operate under the Micro, Small and Medium (MSME) categories. “The textile industry occupies an important position in the in…
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OFS Technologies plans for acquisition
Bangalore based OFS Technologies Limited, that debuted on BSE-SME exchange on January 14, is planning to use its IPO proceeds for an acquisition either in India or Europe, subsequently adding few more clients in its kitty. Speaking to SMEpost.com, OFS Technologies’ Company Secretary, Maniva…
SMEs call for enabling policy to empower e-commerce sector
Small and Medium Enterprises (SMEs) have asked the government to form a friendly policy to liberalise the e-commerce sector. These retailers, who are selling products on e-commerce platforms, want government to treat their virtual shops as technology platform. Recently in a letter to Commerce and…
‘Zero Effect, Zero Defect’ to get Budget push
The Budget might see allocation to the Zero Effect, Zero Defect (ZED) model, which aims to rate and help one million Small and Medium Enterprises (SMEs) deliver top quality products using clean technology. This will facilitate the government’s ‘Make in India’ campaign to boost manufacturing…
Lenovo offers launch-pad for SMEs in India
Technology major Lenovo has launched two models, under its ThinkServer brand, in India for SMEs. With ThinkServer TS140 and ThinkServer RD450, an entry level tower server and a two unit rack server respectively, Lenovo has expanded its portfolio into Enterprise Business Group (EBG) server range. …
Centre to harness Solar Energy for spinning Khadi wheel
The Narendra Modi government is all set to make khadi a “zero-effect, zero-defect” global product. The government has decided to harness solar energy to power “charkhas” (spinning wheels) across the country to enable handspun khadi to become the zero-carbon footprint green fabric of India. Minist…
Budget 2016 should facilitate business friendly Tax Admin | Dr A. Didar Singh, Secretary General, FICCI
In a candid conversation with SMEpost.com Editor K R Sudhaman, FICCI Secretary General Dr A. Didar Singh expressed that the forthcoming budget should strive to create an eco system wherein tax administration is more structured and conducive to business. This actually impacts SMEs more than anybod…
‘Zero Defect, Zero Effect’ to raise quality levels in SME sector
After the successful launch of Start-Up India, another major initiative ZED would be rolled out soon. The acronym stands for zero defect, zero effect (on the environment) — high quality manufacturing that’s also green. It was first mentioned by PM in his Independence Day Speech in 2014. In …
Mauritius offers Bio-farming Technology to India
Mauritius has offered bio-farming technology to India to boost green farming. This offer was made at the First Indo-Mauritius Joint Committee Meeting for the cooperation in MSME sector, an official statement said. The two countries also explored cooperation in capacity building through training o…
India third largest SMB market for ad platform in APAC region : Twitter
Twitter has said that the average monthly spend has grown 60% per small medium business advertiser, making India one of the fastest-growing SMB markets for the micro-blogging website across the world. SMBs across verticals such as e-commerce, travel, sports and finance use Twitter’s, self s…