Deputy General Manager and Zonal Head of Corporation Bank, Robert Menezes, said that MSME’s play an important role in industrial development and the purpose of the meet is to understand the problems faced by entrepreneurs to provide hassle free finance at the right time and at attractive rates. M…
Tag: SME
Cognitive cloud computing can transform companies
Virginia Rometty, Chairman, President and Chief Executive of US information technology giant IBM, said India had the potential to grow at 10 per cent annually for the next two years. This century could, she felt, be India’s. Speaking at IBM’s flagship customer event, ‘Think Forum’, she spok…
Ratan Tata, US varsity to invest in Indian Start-ups
The private company of Tata Group doyen Ratan Tata will jointly invest with the $100-billion investment arm of the University of California, in start-ups and companies in India that focus on the segments of mobile telephony, energy, health care and emerging technologies. The investment cycle woul…
WASME has been building a synergistic global network to catalyze growth of MSMEs | Sampa Banerjee | ED, WASME
Founded in New Delhi in 1980 World Association for Small and Medium Enterprises (WASME) has established itself as the premier international organisation supporting MSMEs. It is probably the first Indian global civil society organization representing small & medium enterprises at the global la…
Kalraj Mishra reviews MSME Public Procurement Policy
MSME Public Procurement Policy to get fillip. Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises reviewed Public Procurement Policy by all the Central Government Departments and Central Public Sector Undertakings (CPSUs), after it was reviewed in the PMO. He was unhappy to no…
Social Venture Capital sees 8 per cent rise during 2015
Social Venture Capital firms have invested about $95 million over 53 deals in India during the 12 months ended December, according to data from Venture Intelligence. Deal activity increased 8.2% compared to 2014 which had witnessed 49 such investments valued at $106 million. The larger sized inve…
Rs 175 crore Govt. grant for enhancement of global competitiveness of Capital Goods Sector
The Government has approved five projects and granted Rs 175 crore for enhancement of global competitiveness of Indian Capital Goods Sector. Under the first project 500 acres of land has been earmarked for Integrated Machine Tools Park in Tumkur in which space will be reserved for number of MSMEs…
New DPP to boost indigenous manufacturing | Puneet Kaura, MD & CEO, Samtel Avionics Ltd.
Prime Minister Narendra Modi’s ‘Make in India’ campaign – launched some time back – is designed to improve and strengthen manufacturing capabilities in India and also act as a strong mandate to foreign players to develop manufacturing units in India. Moreover, the SMEs are also looking at a great…
Dena bank inaugurated the 4th India SME banking conclave
In India about 20% of SMEs close within 1 year of operation and about 50% wind up within 5 years due to various factors which are not conducive to SMEs. SMEs should approach Banks at the start of the distress and Banks should also proactively support the genuine SMEs in difficult situations. Spea…
Citizens not in favour of a ‘Populist’ Budget | Giriraj Singh
Making a case for 8-9% growth rate, Jaitley on January 30 indicated that his upcoming Budget will not resort to “sheer populism” for good ratings and will focus on structural reforms. Minister of state for MSME, Giriraj Singh on January 31 said citizens are not in favour of a ‘p…