Residents of the town Khadda in Uttar Pradesh, along with the Nagar Panchayat, is gearing up to hold a Business summit to showcase various investment and tourism opportunities present in the town. The summit, which is likely to be held during the month of May, will aim to attract both domestic an…
Tag: MSME
No sign of fresh industrial development in Tamil Nadu
There is no sign of industrial development taking place in Thoothukudi (Tuticorin) district, which attracted a big chunk of investments at Global Investors Meet (GIM) held in Chennai last year. The industry stakeholders in Thoothukudi hoped a lot to happen, but there is hardly any progress even a…
‘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, …
Reserve Bank smoothens the wheels for Start-ups
The Reserve Bank of India (RBI) released a statement on February 11 clarifying payment-acceptance rules, especially when it came to foreign currency, for start-ups. “A start-up in India with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange e…
BSE SME platform boost for Make In India project
PM Modi’s, Make in India drive has got a big boost as the return has been 700 % the SME IPO index in the last three years and units listed able to equity finance their projects in the face of bank loan squeeze . SMEs provide a major chunk of employment and contribute in a […]
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Govt open to tweaking Start-up Policy | Jayant Sinha
The government is open to tweaking its start-up policy as it aims to encourage enterprenuers to start new companies and provide employment to a larger number of people, minister of state for finance Jayant Sinha said on February 10. “Policy making is a dynamic process. There are no full stops,” S…
South Indian firms keen to invest in Haryana
Chief Minister Manohar Lal Khattar said February 11 that several leading companies of South India had offered to invest in the state to the tune of Rs 3,000 crore. He was addressing a press conference after attending a meeting with entrepreneurs in Chennai , a press release by the government spok…
Facebook to train up MSMEs
Uttar Pradesh, home to an estimated 3 million Micro, Small and Medium Enterprises (MSMEs), is the newest hunting ground for online social networking giant Facebook, in India. In a one-of-its-kind initiative, Facebook and the UP government have got together to launch the ‘Boost your business’ prog…
We caught on to the psychology of customers and offered lifestyle products | Vikram Somany, CMD, CERA
It has been about making the right moves at the right time for Ahmedabad-based Cera Sanitaryware. The Star SME award winner’s strategy to adapt to the latest industry trends appears to be working well. Seven years ago, Cera realised that it needed to graduate from being just a sanitaryware …
SMEs should enhance efficiency and profitability by leveraging technology | Rajasthan CM Vasundhara Raje
In a meeting with representatives of industries in the state, Rajasthan Chief Minister Vasundhara Raje Scindia called for change in the mind-sets of entrepreneurs to increase their profits and also add to the government’s revenue. She asked SMEs to increase efficiency and profit by using latest t…