Defence Minister Manohar Parrikar on Saturday said government would soon come out with a comprehensive defence procurement procedure (DPP) to boost defence production by India Inc, particularly by MSMEs. Addressing a PHD chamber session on ‘Self Reliance in Defence Production, Parrikar acknowled…
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Kazakhstan keen to work directly with Indian SMEs
New Delhi – Kazakhstan would like to directly involve India’s growing SME (Small and Medium Enterprises) sector in projects in the Central Asian country instead of the Indian SMEs coming in through projects bagged by third countries, including Singapore, European nations or even Arab countries, t…
UP SME products hog world fame
LUCKNOW: Uttar Pradesh shelters about 4.4 million SME units – the highest in the country — with cities like Varanasi, Bhadohi, Moradabad and Aligarh carving out a niche for the world famous Banarasi saree, carpets, brassware and locks respectively. The micro, small and medium enterprise (MS…
INDIAN SMEs TO MAKE QUALITY THEIR USP FOR INDIAN AND GLOBAL MARKET: MINISTRY OF MSME
In continuation to the recently announced 3 percent interest subsidy scheme for exporters by the Government, Dr. Anup K Pujari, Secretary, Ministry of MSME, beckoned the industry to strive for quality on a continual basis at the inaugural of the 8th National Cluster Summit, New Delhi. A wave of t…
SMEs NEED SIMPLE PRODUCTS TO TRANSACT ONLINE
PayUmoney, an online payments solution, claims to be the number one player in the e-commerce category and the second-largest in the overall payments industry. In an interview with BusinessLine , Paritosh Sharma, Head, Channel Partnerships at PayUmoney, spoke about the payments market and t…
UDYOG AADHAR MEMORANDUM WILL BOOST MSME ACTIVITY, SAYS EXPERT
The introduction of Udyog Aadhar Memorandum (UAM) is expected to boost MSME activities in the country, besides training a series of changes in the industrial sector, according to PM Mathew, Director, Institute of Small Enterprises and Development (ISED). Terming implementation of UAM as “progress…
INDONESIAN GOVT TO ASSIST 1000 SMEs TO ENTER E-COMMERCE PLATFORMS
The government will help local small and medium enterprises (SMEs) to enter the e-commerce industry in an attempt to boost economic growth. Sri Agustina, the Trade Ministry’s director general for domestic trade, said on Thursday that the ministry had teamed up with the Indonesia E-commerce …
ONLINE PORTAL FOR FURNITURE RENTALS RENTMOJO RAISES $2 MN FROM IDG, ACCEL
Rentomojo, an online marketplace to rent furniture, home appliances and two-wheelers, has raised $2 million in Pre-Series-A funding from Accel Partners and IDG Ventures. The Bengaluru-based firm will now count Venkatesh Peddi from IDG Ventures and Prashanth Prakash from Accel Partners as members…
INDIA AIMS FOR AT LEAST 1,500 BIOTECH START-UPS
India aims to scale up start-ups in the biotechnology sector to at least 1,500 in the next two to three years to boost technological interventions in the health and agriculture sectors, a senior biotechnology department official said. “We presently have around 500 start-ups in the b…
INDONESIAN GOVT TO ASSIST 1000 SMEs TO ENTER E-COMMERCE PLATFORMS
The government will help local small and medium enterprises (SMEs) to enter the e-commerce industry in an attempt to boost economic growth. Sri Agustina, the Trade Ministry’s director general for domestic trade, said on Thursday that the ministry had teamed up with the Indonesia E-commerce …