There is no discussion or deliberation required on the importance or efficacy of branding and how it enables build competitive advantage. While the significance of the SME sector to India’s economic growth and prosperity is well established; the inherent benefits of branding is one area that Indi…
Tag: MSME
TN needs to create robust environment for start-ups: Report
It is need of the hour for the Government of Tamil Nadu to create a favourable environment for start-ups, a report has said. “Business transformations are driven by digital advancements, introducing disruptive products and services for enhancing customer experiences. India has witnessed a s…
CPSUs need steps to meet 20% procurement target from MSMEs: LUB
Industry body Laghu Udyog Bharti (LUB) said that Central Public Sectors Units (CPSUs) need to take measures towards achieving the target of 20 per cent procurements from MSMEs. “So far 43 CPSUs out of a total of 277 CPSUs have achieved the target of 20 per cent.” Hitendra Joshi, Presi…
The shoddy state of start-up incubators in India
On January 16, 2016, Prime Minister Narendra Modi concluded the Start-up India conference in New Delhi, with an action plan for how to promote entrepreneurship and young enterprises in the country. Now, more than the start-ups, it is the ecosystem that badly needs our attention today. If we want …
Happy times @ SMEs’: Govt. notifies framework for 4.74 lakh units revival
Micro, Small and Medium Enterprises (MSMEs) sector is in a decline as number of sick MSME units is on the rise in the country for past few years. The government blames it on economic slowdown. “Number of sick MSMEs in the country at the end of March 2013, March 2014, and March 2015 was 2.22, [&he…
WASME joins AP Med Tech Zone as industry facilitator
World Association for Small and Medium Enterprises (WASME) has entered into a strategic collaboration with Andhra Pradesh MedTech Zone (AMTZ) as an industry facilitator at Visakhapatnam. This facilitation desk at AMTZ would be a one stop shop for all queries of members of WASME. Such strategic as…
MSME dept from West Bengal brings you an alternative to Benarasi sarees
West Bengal government is trying to develop silk sarees for marriage purpose as an alternative to Benarasi sarees – one of the the finest wedding-wear for the brides across the nation. The saree is being developed by experts working under the government’s MSME and textile department. …
Govt to speed up work on 12 MSME clusters
Bhubaneswar: Government is all set to fast-track the set-up of 12 clusters under the Micro and Small Enterprises Cluster Development Programme. It will also develop mini-clusters in different fields. This was discussed at recent two-day conference of Regional and General Managers of District Indu…
Govt prioritises Odisha for coir in MSME industries
Bhubaneswar: The State Government has initiated steps to restructure Odisha Co-operative Coir Corporation Limited (OCCCL) to Odisha Coir Development Corporation Limited (OCDCL) and focus on the development of coir sector. Since Odisha is the fifth largest coconut producing State in the country an…
SBI diktat to affect credit to small, medium-sized firms
The directive of the State Bank of India (SBI) to all associate banks that any credit proposal for above Rs.10 crore has to receive an approval of the Mumbai office of the SBI is likely to impact flow of funds to Micro, Small and Medium Enterprises (MSMEs). This has been sent as an advisory to [&…