For the 13 textile units in Tirupur knitwear industry, which became the part of the Confederation of Indian Industry’s first cluster constituted a year back to improve manufacturing excellence on a consortium platform, the initiative has paid rich dividends. An assessment carried out revealed tha…
Tag: SMEs
OfBusiness racks up $5m series A round
OfBusiness, a three-month-old online marketplace for business-to-business (B2B) commerce, has raised $5 million in its first round of funding led by Matrix Partners India. The fund-raising comes at a time when the size of series A cheques is shrinking after the highs of last year. Ola’s Co-…
Malaysia SMEs urges to consider halal food manufacturing potential in India
Malaysian companies, especially Small and Medium Enterprises (SMEs), in looking at potential investments in India, have been urged to consider non-traditional sectors, including halal food manufacturing. The co-chairman of the ASEAN-India Business Council (AIBC) Datuk Ramesh Kodammal said with ne…
YES BANK launches fully-automated current account for SMEs
YES BANK, India’s fifth largest private sector bank, has launched a fully-revamped, first-of-its-kind Current Account proposition aimed at placing the power of choice in the hands of the business consumer. This new product is an outcome of an extensive market research the Bank had commissio…
Flipkart launches instant-cataloguing service spot-list for SMEs
The Indian e-retailer Flipkart on February 17 announced the nation-wide launch of Spotlist. It’s a service that offers instant cataloguing and listing for small-scale sellers and artisans in India. The company expects to provide small-scale sellers with professional assistant to catalogue t…
Singapore companies see rich rewards in investing in India
Many large Singapore companies already have a presence in India – utilities group Sembcorp Industries, for instance, has a presence in seven Indian states and is on the lookout for opportunities, especially in the energy and urban development sectors. Small and medium-sized enterprises (SME…
Sri Lanka keen on business ties with Kerala in food sector, B2B meet told
The Federation of Chambers of Commerce and Industry of Sri Lanka President Sarath Kahapalarachchi recently said that Sri Lanka is keen to explore business ties with Kerala with regard to food and other industries. The tie-up would give global exposure as well as plethora of business opportunities…
50 per cent subsidy to SMEs on MIDC land
To help SMEs set up plants in the state, the Maharashtra government is providing land at half of the market price in various industrial clusters, a senior official said. “The SMEs are free to apply for two-acre land anywhere falling under MIDC areas across the state for setting up a plant. …
ASSOCHAM wish-list to step-up Credit Flow to MSMEs
India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…
From slogan to reality, Step One
The event expects to attract thousands of global corporate bigwigs who will, hopefully, invest in world-class manufacturing facilities in India. It also hopes to foster the sharing of ideas that benefit the country. It is, in other words, an effort designed to take Prime Minister Narendra Modi’s …