Indian exports clocked a Compound Annual Growth Rate( CAGR) of 15.36 % between 2004-05 to 2014-15. However, the CAGR has come down to 8.56% during 2009-10 to 2014-15. The decline in CAGR is primarily on account of the fact that we witnessed negative growth in 2 out of last 5 years. Moreover, the …
News
Richard Verma, US Ambassador to India | US strong supporter of ‘start up India, stand up India’
US Ambassador to India Richard Verma said his country has been a strong supporter of Prime Minister Narendra Modi’s “Start Up India, Stand Up India” initiative and American entrepreneurs are looking to create opportunities in the country. In this context, Verma cited Qualcomm Ve…
BSE SME to nudge more firms to list | Ajay Thakur, Head, BSE SME Exchange
In order to help SME entrepreneurs raise equity capital for growth and expansion in a cost effective manner, BSE SME Platform offers the unorganised small scale sector to blossom into full fledged companies at a later stage by migrating into main board of BSE. Kailash Rajwadkar spoke to Ajay Thak…
National Small Industries Corporation empowering Entrepreneurship
The National Small Industries Corporation Limited (NSIC) training programme for entrepreneurs had very few takers this year as it trained a little over thousand people less in 2014-15. Giving this information in the Lok Sabha, the Minister of State for Micro, Small and Medium Enterprises, Giriraj…
Stronger bank backing needed to boost MSME sector
Mumbai: The Micro, Small and Medium Enterprises (MSMEs) sector, which the Narendra Modi-led Government is trying to push as one of the major drivers of India’s economy had very little to cheer in Tuesday’s fifth bi-monthly monetary policy statement of the Reserve Bank of India (RBI). The fund-s…
Government Units Tie up with e-commerce firms to market indigenous craft
Government bodies are working to rejuvenate their indigenous art forms, especially textiles by tying up with e-commerce platforms as one of their major brand building exercise. Hand painted Bhagalpuri silks, traditional ikkats from Orissa, Gadwal silks from Andhra and many more such weaves would …
Strengthening of tradition SME Sector
Traditional SME sectors like textiles, footwear and metal ware, which have their own unique “local innovation systems”, need strengthening to make them more competitive, as per one of the top official of Institute of Small Enterprises and Development (ISED). According to Dr PM …
IBM successfully completes deployment of IBM Mobile First solution for SKS Microfinance
Mumbai, IBM announced earlier this week that they successfully completed deployment of IBM MobileFirst solution for SKS Microfinance Limited. SKS Microfinance Limited has partnered with IBM to transform operations from paper-based processes to a mobile solution resulting in enhanced customer ser…
Google addresses Indian SMEs towards online presence
Google India has set a target of creating online presence for 20 million small and medium enterprises (SMEs) in the country by 2017 through its platforms such as Google Search and Google Maps, without these businesses requiring investing in a website or domain. To achieve this, the search giant, …
MSMEs major beneficiary of 3 per cent interest subsidy scheme
The Micro, Small and Medium Enterprises (MSMEs) will be the biggest beneficiary of the recently announced 3 per cent interest subsidy scheme for exporters. The scheme assumes significance for the sector as credit is the major issue which restricts growth of the segment, which contributes about 45…