New Delhi: The country will soon have a comprehensive policy for micro, small and medium enterprises, Union Minister Kalraj Mishra said. The country does not have an MSME policy till date. A one-member panel of former Cabinet Secretary Prabhat Kumar had submitted a report on formulation of a Nati…
Tag: SME
Indian SMEs can emulate Germany’s Mittelstand
In Delhi’s Okhla Industrial Area, Sahil, a former tech executive, now runs a medium-size enterprise, manufacturing parts for air-conditioners. Even though his customers include all the well-known Korean and US manufacturers selling in India, life for the tier-1 B-school graduate is never easy giv…
BioAsia 2017 kick starts with announcement of Rs 3,382 cr projects
BioAsia, Asia’s largest biotechnology and life-sciences forum and the annual flagship event of the Government of Telangana, kicked off today at the Hyderabad International Convention Center (HICC). The 14th edition of BioAsia with the theme ‘Power of the Past, Force of the Future’, is expected to…
Digitalisation of SMEs is key to success of Indian Machine Tool Industry: Siemens
Bangalore: Technology major Siemen’s EVP Digital factory division, Ashish Bhat, said digitisation in machine tool manufacturing will make the Indian SME environment vibrant and buoyant. In the manufacturing industry, machine tools – similar to lathe machines – are used for shaping oth…
Maybank unveils payroll processing software for SMEs
Small and Medium Enterprises (SMEs) can now enjoy greater convenience and efficiency in their payroll processing with the launch of Maybank’s tie-up with Asian Business Software Solutions (ABSS). Maybank said this is its first collaboration in Singapore with an external software company to provid…
Capital Float secures ₹17 cr funding from IFMR Capital through NCDs
Capital Float, a finance technology startup which helps SMEs secure capital online, has raised close to ₹17 crore in a round led bt IFMR Capital Finance and its alternative investment fund. Unlike others, this is not a private equity deal. The company has raised money by allotting Non-Convertible…
OmniBank provides training for SMEs
Some financial industry players have advised Small and Medium Scale Enterprises (SME’s) to take advantage of various government policies to improve their business operations. The new government has given its assurance to pursue a pro business agenda to help the private sector grow. The advice fol…
There was never a better time for small business to think big!
The 2017 Union Budget of India has laid a lot of emphasis on small business (Start-ups & SMEs) and announced a number of initiatives which will benefit them greatly. From lower tax rates to larger availability of credit. Announcement of large scale infrastructure development across farm and d…
Budget 2017: Veterans & SMEs take on hits & misses
Finance Minister Arun Jaitley has come up with major sops in much awaited Budget 2017-18. Stumbling under the after-effects of demonetisation, SMEs especially had their fingers-crossed when the FM began with the announcements. The 2 hours ticked swiftly once the Minister began strongly positionin…
Arun Jaitley’s Union Budget didn’t address key concerns of start-ups & SMEs
Budget 2017 has provided tax exemptions to small and medium scale enterprises (SMEs) and start-ups. SMEs got a drop of five per cent on the tax rate, which according to Finance Minister Arun Jaitley, would benefit 96 per cent of businesses. However, what it doesn’t do is to come up with an energi…