While traditionally large enterprises had the resources to leverage data analytics, availability of visual analytics as a service has enabled small and medium enterprises (SMEs) to reap the benefits of technology. Information is the lifeline of any business and is a highly valued asset in today’s…
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Tapping opportunities in capital goods sector can add up to ₹50k cr to GDP: Report
Mumbai: A new report, “Accelerating growth in the Indian capital goods sector”, by FICCI and McKinsey & Company was released by Subhash Rajaram Desai, Minister for Industries & Mining, Government of Maharashtra along with Girish Shankar, Secretary, Department of Heavy Industry, Government…
Currency Switch Impact | Money crunch halted 90 % work in Firozabad glass industry
Disruption of cash flow has desired the glass industry of Firozabad. Up to 90 per cent of work has been affected, say industry insiders. There are about 200 factories in Firozabad of which 125 units manufacture bangles and rest are making glassware, bottles etc. Every unit needs Rs 1 to 1.50 lak…
Moradabad Brassware Industry needs basic framework to maintain sector’s growth
Moradabad, situated on banks of the Ramganga river, is known for its brass handicraft across the world. The city, was established in 1625 A.D. by Rustam Khan and named after Prince Murad Baksh- the son of the Mughal Emperor Shah Jahan. Brass industry is believed to have originated from here only …
India’s millennials assess future careers, digital technology impact & robotic replacement risk: Telenor Group
Telenor Group released the results of a pilot online survey across six nations in Asia, including India, assessing millennials’ attitudes about their future career, technology’s impact and the skills they need to be best prepared for the jobs of tomorrow. The results indicate thatthe nation’s yo…
Retail sector to top $1 trillion in 5 years: PwC
Indian retail sector, which is growing at a CAGR of 15 percent, is expected to reach USD 1 trillion over the next five years, buoyed by the growth of new stores and e-commerce, according to a report. India’s robust economic growth and rising household incomes are expected to increase consum…
80% of Indian manufacturing industry to adopt the advanced trends by 2020: Report
Tata Strategic Management Group, the management consulting arm of the Tata Group, on August 31 unveiled a report on readiness of Indian manufacturing to adopt advanced manufacturing trends in collaboration with FICCI. The report is based on a first of its kind survey conducted to gauge readiness …
MSME Databank launched; salient features you need to know
Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
Pharma sector receives Rs 4,975-cr FDI in FY16: Govt
The drugs and pharmaceuticals sector has received Foreign Direct Investment (FDI) of Rs 4,975 crore in 2015-16, parliament was informed. “In the year 2014-15, FDI equity inflow of Rs 9,052 crore and in the year 2015-16, inflow of Rs 4,975 crore have been received in the drugs and pharmaceu…
India has around 2500 enterprises being started per day | Study
The immense opportunity presented by the large number of consumers in India has led to 2100 – 2500 enterprises being started in India per day and between 750-800 getting out of business or becoming dormant, as per a survey conducted by the India SME Forum and researched by SDRC India Adviso…