The Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh received a total investment of about Rs 13,000 crore during the Eleventh Five Year Plan (2007-12). The MSME sector contributes 60 per cent of the state’s annual industrial output, employs 9.2 million people and generates…
Tag: KPMG
Naturals to take over Yuvraj Singh-funded startup Vyomo
Vyomo, an aggregator of beauty salon doorstep services funded by cricketer Yuvraj Singh, will become a part of Naturals with the nation’s largest salon chain investing Rs 100 crore for a controlling stake. This deal, the first where a brickand-mortar salon chain is collaborating with an app…
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…
Thomas Cook India partners with Western Union to assist SMEs
Thomas Cook (India) has announced a collaboration with Western Union Business Solutions to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders. According to KPMG, SMEs have emerged as one of India’s largest growing sectors, with a significant G…
The northeast’s Startup Star is on the rise
The “venture fund” set up by the Union Government to promote startups in India’s northeastern states has resulted overwhelming response making the region vibrant with several small and medium enterprises keen to start operation there. Minister of State for Development of Northeastern Region (D…
Enactus to partner corporates in India for Student Community Entrepreneurial Projects
Global student organization, enactus targets over 50 corporate partners in 2016 in India for student community entrepreneurial projects. Enactus an international non-profit organization of students with a focus on community empowerment through outreach projects and entrepreneurial action has anno…
Entrepreneurs Academy to catch them young
Here’s a chance for Indian children as young as 11 to learn how to start a company. The US-based Young Entrepreneurs Academy (YEA) is set to launch its first programme in India in August as it looks to groom budding entrepreneurs between the ages of 11 and 18. The 25-day course, with three-…
MUDRA made a bank under SIDBI to lend to small units
To ensure more money for micro and small enterprises, the Union Cabinet on Wednesday approved conversion of Mudra Ltd (Pradhan Mantri Micro Units Development Refinance Agency), into a bank, besides the setting up of two credit guarantee funds. The two funds will cater to loans disbursed under the…
Exclusive | A Didar Singh, FICCI Secretary-General | Direct Selling driving SME Growth!
Direct selling, one of the oldest and traditional forms of selling, is today a successful industry operating in over 100 countries, with a market size of $180 billion. I call it old because the best example of direct selling is the ancient cycle Peddler. According to a recent FICCI-KPMG Report &#…