With the government pushing for digital transactions and a unified technology driven taxation system, goods and services tax (GST) likely to be rolled out by July 2017, small and medium enterprises (SMEs) are gearing up to optimise the limited IT resources to remain agile and capitalise on emergi…
Tag: Small and Medium Enterprises (SMEs)
IndiBizForSale: start-up helps buy and sell start-ups
For Small and Medium Enterprises (SMEs) unable to sustain their business and looking for a quick exit, Ahmedabad-based start-up IndiaBizForSale is coming to the rescue. Launched in January 2014 with only 50 businesses for sale listed on its platform, the website receives more than 100,000 monthly…
IndiaMART partners with TiE Delhi-NCR for annual SME Conclave 2017
IndiaMART,India’s largest online marketplace, organized the annual SME Conclave 2017 in association with TiE Delhi-NCR at the Welcome Hotel Sheraton in Saket, New Delhi. Themed ‘SMEs in new India’, the conclave featured several leaders from the industry discussing various facets of young business…
Pharma SMEs in Karnataka look forward to value chain upgradation
Karnataka’s Small and Medium Enterprises (SMEs) are working to move up the value chain as regulated markets including the US pose challenges to attract contract manufacturing business. The state is a recognised destination of quality manufacturing. “This is evident from the fact that most of the …
Govt approves India-UAE MoU for SMEs co-operation
Government on 18 January approved signing of a Memorandum of Understanding (MoU) between India and the United Arab Emirates for cooperation in the field of small and medium enterprises (SMEs) and innovation. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narend…
Vibrant Gujarat: NSE nudges SMEs to go in for listing
Encouraging Small and Medium Enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility. “Listing on an exchange platform will help SMEs raise capital for their growth and provide several benefits like visi…
India lacks backbone for less-cash economy | Gopal Jiwarajka, President, PHD Chamber
Small and Medium Enterprises (SMEs) have not only taken a big hit after demonetisation, they have been suffering from government policies that incentivise them to stay small, says Gopal Jiwarajka, the President of PHD Chamber of Commerce and Industry (PHDCCI), in an interview. Jiwarajka says the …
SMEs to create bulk of new jobs in state: Odisha Governor
Bhubaneswar: Small and Medium Enterprises (SMEs) are the biggest source of untapped trade growth and this sector is expected to generate a bulk of new jobs for employment-ready youths by 2030, said Odisha Governor SC Jamir. Inaugurating the Eastern India MSME conference organised by the Chamber o…
Indian IPO market gives blockbuster performance in 2016
After years of tepid performance, fund raising through Initial Public Offerings (IPO) route touched a six-year high this year as more than 20 companies raised over Rs 26,000 crore from investors. According to a report in Press Trust of India (PTI), 26 companies have raised more than Rs 26,000 cro…
Smart manufacturing will disrupt SMEs, say experts
The emerging trend of smart manufacturing will be highly disruptive to Small and Medium Enterprises (SMEs) in the manufacturing sector, especially for those focused on the local market, concluded the deliberations made in a workshop on smart manufacturing organised by the Indian Institute of Info…