Whether yours is a small business or a multinational conglomerate, you can bank on two things: a lot of your information will be geographically referenced, and the more information you have, the harder it becomes to manage and interpret. In such complication, Geographical Information System (GIS)…
In Conversation
If India has to grow, we need to have strong SME rating fundamentals | Varun Mirchandani, ED, ONICRA
Rating of SMEs has worked wonders in getting bank loans and there are empirical evidence to suggest ratings have changed thousands of SMEs into vibrant enterprises with commercial banks coming forward to provide them loans hand-hold them during difficulties. Rating agency ONICRA Executive Directo…
There’s an immediate need to foster entrepreneurship | Asoke K Laha, MD, Interra IT
He is keeping a close tab on the run-up to the US Presidential polls, and at the same time taking a trip down memory lane, leafing through the pages of Jhumpa Lahiri’s novel- “The Lowland’, which is based on 1970’s Calcutta, Presidency College and Jadavpur University, two of his alma maters…
‘Job seekers’ become ‘Job providers’ at NSIC Incubation Centers | Ravindra Nath, CMD, NSIC
Prime Minister Narendra Modi’s mission to convert job seekers into job creators has been truly put to practice by the National Small Industries Corporation that nurtures close to 60 thousand budding entrepreneurs every year. NSIC Training-cum-Incubation Centres, now numbering 110 across country, …
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…
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…
Exclusive | Outgoing MSME Secretary outlines what to expect in the Budget
For someone who drove positive change at the MSME Ministry, there is optimism in the air. His eyes are focused on February 29 even as he is set to move on. He believes the coming Union Budget would announce path breaking set of policies that would unlock the latent potential of the sector. Meet t…
Exclusive | We want to be a one-stop-solution | Gaurav Surana, Founder, Tutors Circle
On his return from the US and as an alumnus of Michigan University, US, he had realized that there was a large information gap for the students from this part of the country opting for higher studies abroad. And he built his business model based on the need to fill up this gap. Thus came [&hellip…
Exclusive | Key to SME growth is ease of doing business | A Didar Singh, Secretary General, FICCI
Big business chambers have traditionally focused on serving interests of big business. But at India’s leading apex chamber, the Federation of Indian Chambers of Commerce and Industry (FICCI), the small enterprises are no less important given their mammoth contribution to the national income. Cham…
Get rated to be banked | Varun Mirchandani, Executive Director, Onicra
“55% of registered MSMEs can tap into Rupees 5,50,00 crore fund post rating” More than half of India’s unbanked registered Small and Medium Enterprises can avail of first time credit should they get themselves rated, said Varun Mirchandani, Executive Director, Onicra Credit Rating, one of India’s…