Automation industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality …
Tag: CAGR
SME loan portfolio to witness 15% growth: Lakshmi Vilas Bank
Lakshmi Vilas Bank would continue to focus on the retail and SME segment, its Chief Executive and Managing Director Parthasarathi Mukherjee said. Speaking to reporters after inaugurating the 2-day SME Expo now underway at Suguna Kalyana Madapam in Coimbatore, he said that the 90-year-old institut…
SME Capital market: Progress in 2016 & Outlook for 2017
The year 2016 has been proved out to be a spectacular period for SME Capital Market. Indian SME Bourses witnessed remarkable activities in terms of filling of draft offer documents as well as number of listings. The year has witnessed several developments in this format of alternative capital mar…
Tech platform for SMEs to create 80 lakh jobs in UP: Assocham
Underscoring the need for creating a technology platform for growth and development of small and medium enterprises (SMEs) and startups, an Assocham pre-election agenda said that such an exercise can create 80 lakh new jobs in Uttar Pradesh over the next five years. “UP has recorded impress…
Lakshmi Vilas Bank to lend more to retail, SME, farm sectors
Chennai: Lakshmi Vilas Bank (LVB) will revamp its loan policy to increase the share of its core business segments to three-fourth of the loan book by 2019. Its key segments — retail, SME and agriculture — had a combined share of about 55 per cent in its loan book of ₹20,069 crore (as of September…
Potential in technical textile sector yet to be tapped properly
Lack of awareness and lesser penetration in rural areas was the reason the vast potential in the technical textile sector could not be tapped properly,a senior Textile Commissioner official said, even as major textile associations extended support for the sector’s growth. Though the sector …
Digitization is the prime game changer for SMEs: Tata Teleservices SME Head
India’s enterprise sector has grown exponentially over the last decade. And, according to reports, Small and Medium Businesses (SMEs) contribute approximately 45 percent of the entire industrial output of the country, and also provide employment to more than 40 percent of the Indian population. C…
One of our major focus areas is the ever growing SME segment in India: Canon India
Canon, the leader in imaging solutions has witnessed many enhancements and achievements in the last few years. It’s BIS division has also grown massively over the years. K Bhaskhar, Vice-President, Business Imaging Solutions (BIS), Canon India shares about the journey of Canon BIS division, growt…
Growing demand for electronics products make a strong case for Make in India
Robust growth in demand for electronics products in India and growing labour cost in established manufacturing hubs of the world make for a compelling case for global electronics maker to move production to India, especially for products consumed in the country. However, lack of manufacturing eco…
For MSMEs, legal constitution can lead to customer stability, faster growth
Micro, Small and Medium Enterprises (MSMEs) registered as companies (private limited and public limited) tend to perform better than those operating as firms (proprietorship and partnership). CRISIL analysed about 4,500 MSMEs, comprising companies and firms in equal measure, over fiscal 2013-15. …