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…
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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 …
Tech upgrade key for MSMEs | Shripad Yesso Naik
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…