Small and medium enterprises may be gunning for the global markets. However, the reality in getting their systems in place before making this quantum leap, is posing its own set of challenges. Wonder Polymers is a medium-sized company that manufactures and markets a wide range of self-adhesive ta…
Tag: CII
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Need for IP protection for handloom weavers: Smriti Irani
There’s a need to introduce intellectual property (IP) protection for handloom weavers of India, opined Union Textiles Minister Smriti Irani at a handloom conference recently held in New Delhi. She also said that handloom is the country’s legacy and its potential needs to be positioned and acknow…
Start-ups need to engage more closely with govt: MeitY Secy
The Indian startup ecosystem needs to work more closely with the government and engage in sharing information and analysis to “make sure all the irrationalities are ironed out over a period of time”, a top government official said. Speaking at a CII event, Ministry of Electronics and …
Demonetisation Effect | Economy grows 7.3% in second quarter, but growth could tank in next quarter
India’s economy expanded at 7.3% in the September quarter, the fastest rate among major economies, but growth could tank at least over the next few months because of the government’s demonetisation drive. The July-September growth rate announced on November 30 is higher than 7.1% registered in th…
Defence sector pitches for aggressive MSME participation
The Army, Air Force and Navy on November 11 pitched for aggressive participation of the MSME sector in defence equipment manufacturing to tap a huge USD 9.6 billion market. “The whole Indian defence budget is around USD 40 billion, of which a USD 9.6 billion market can be accessed by the MSME sec…
CII launches ‘Startup Mentorship Circle’ to build bridges for start-ups
Industry body Confederation of Indian Industry (CII) has taken a leaf out of corporates’ books and is backing startups by setting up its own platform. The ‘Start-up Mentorship Circle’ will provide a common platform for captains of India Inc and startup entrepreneurs to share the…
Telangana govt to bring IoT and Smart Technology Policy
The Telangana government will come up with IoT and Smart Technology Policy that will encourage startups and IoT based product development companies, a senior official said. “The Telangana government will be coming up with IoT and Smart Technology Policy, which will be encouraging the start-…
My Trade Box join hands with Lending Kart to provide SMEs with loans
India’s first ‘Assisted Bulk Buying’ hybrid e-commerce start-up My Trade Box will assist SMEs to connect directly to the retailers through their association with fintech startup LendingKart, with a common aim to provide more loan access to more small and medium enterprises. Both…
Banks will have to understand how to fund SMEs in a sustained manner | Nirmala Sitharaman
In Conversation with Arun Tiwari, CMD, Union Bank of India, Nirmala Sitharaman, Commerce & Industry Minister and RC Bhargava, Chairman, Maruti Suzuki on NPAs, MSME sector and need for standardisation if India is to emerge as a global manufacturing hub. Edited excerpts: Q: NPAs and capital req…