To make India a global human resource hub and achieve sustainability in skill development, the private sector needed to employ only trained and certified workers. It is essential that a seamless industry value chain is created to engage the trained and certified workforce, said Rohit Nandan, Secr…
Opinion
Funds crunch crippling marketing avenues for MSMEs
The most common issues faced by Micro, Small and Medium Enterprises (MSMEs) are an acute dearth of easy finances and information on emerging markets. They are often unable to tap the markets because of lack of resources and a sound marketing techniques and infrastructure. They are also financiall…
Insurance is a matter of Solicitation | Shishir Sandipan; SVP – SME, Aon Global Insurance Brokers
Act One It was like any other Friday: it was past 8 pm now and review was being conducted. Our boss was talking of numbers, making conclusions, using decorative words and we were thinking of the nearest bar. Review reluctantly ended at 9.13 pm precise. We, three of us, fled and hit our Cattle Cla…
To usher in ‘Acche Din’ for MSMEs, all Schemes should be brought under one umbrella
MSMEs contribute 45% of the total industrial output constituting 40% of the country’s total exports. The sector employ about 60 million people and create 1.3 million jobs every year. No wonder the Government has launched so many initiatives like Mudra Bank, Stand Up India, Start Up India, Pradhan…
Cutting influence of big businesses is good, but strengthen SME policies
Narendra Modi’s government is completing its two years and while several things have changed people’s expectations is that more could be done. But what is it that can be done if real change has to happen. What is needed is not always what business particularly big business wants. One thing that h…
Re-imagining SME Fund Raising – The Exchange route!
One of the principal challenges of small & medium enterprises whether in India or anywhere else in the world has perennially been finance. Apart from friends and family, typically MSMEs rely heavily of private money lenders and the unorganised financial markets for their finance needs. Needle…
Rs. 3000 Cr allocation for MSME sector in Budget 2016; a clear indication of ‘Small is Big’
The significance of Micro, Small & Medium Enterprises (MSMEs) to India’s economic growth and prosperity is well established. While they provide critical depth to both manufacturing and service sectors, they also foster entrepreneurship and of course generate substantial employment. A number o…
Varun Mirchandani, ONICRA ED | Budget well balanced, focuses on SMEs
With an estimate over 57.7 million, Indian MSMEs contribute 8% to the total Gross Domestic Product (GDP) and account for 40% of the total Indian exports. MSMEs lead to entrepreneurial development and diversification of the industrial sector. Budget 2016 has tried to, and has, well-balanced the ec…
Budget to boost MSMEs, Startups and job creating Food processing sector
Finance Minister Arun Jaitley, who presented NDA’s second full budget on February 29, seems to have realized after Bihar assembly elections debacle for BJP that it is not enough if only India grew. The growth has to be made more inclusive by enabling Bharat to grow as vast majority of 1.25 billi…
Anis Chakravarty,Deloitte Lead Economist | More could have been done for MSMEs
The Finance Minister has announced the Budget 2016 largely focused on a healthy dose of circumspection in light of an adverse global economy and a focus on the basic and poorer constituents of the Indian economy. Though there were initial apprehensions on meeting the fiscal consolidation plan, he…