EPPS Infotech, a new-age start-up in the ERP (enterprise resource planning) business has launched its indigenously developed a mobile ERP platform solution for Small and Medium Enterprises (SMEs). It is targeting sales revenues of Rs 100 crore over the next three years. The Pune-based company has…
Tag: SMEs
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…
SMEs play a major role in Gujarat’s export sector | DIPP Secy
Gujarat contributes 22% export, 8% national GDP, 10% work force nationally. Gujarat is driver of India’s manufacturing and exports and therefore Gujarat must be key driver and it is very essential. A substantial portion of exports from Gujarat are from SMEs. “If India has to grow at 9.4% growth r…
SEBI, BSE, NSE to hand-hold SMEs | Important Clusters under focus
Market regulator Securities and Exchange Board of India (SEBI) and the country’s leading stock exchange NSE have come forward to handhold SMEs in the region to raise funds for their expansion/diversification by getting listed. After the Government of India liberalized the norms for listing, allow…
SMEs need to link with Japanese firms | Baba Kalyani, CMD, Bharat Forge
To boost the economic ties between India and Japan, Indian Business leaders have suggested to review the current free trade pack, swift implementation of the social security agreement, and fostering linkages between big Japanese companies and SMEs in India. These recommendations were made by Indi…
SMEs to drive ‘Make In India’ in defence
It is imperative for Indian SMEs to integrate themselves into the supply chains of national and international defence majors to reduce dependence on foreign supplies and gain a foothold in the international market, Union MSME Minister Kalraj Mishra said today. “India, till the recent past, …
SME pharma firms’ request on bar coding
Government is considering the request from the small and medium sized pharma firms regarding the difficulties faced by them on barcoding on labels. During consultations with industry stakeholders about implementation of bar-coding, “some small and medium size companies represented that they…
Online wholesalers see better margins in B2B than B2C
Online wholesale suppliers have come up to cater to firms selling grocery to stationery and unbranded products, addressing increasing demand from small traders to institutional players who seek procurement efficiency and convenience, cost saving and financial hygiene. In return, these business-to…
Succession @ SMEs: Family business may not always be preferred
Big industrial magnates have the luxury to expect that their sons and daughters will join their companies at some point of time. But not so generally in case of SMEs owners. Offspring of small and medium scale industrial units seldom go to big colleges to earn their degrees, but rarely back to th…
SME sector exposed to cyber crime risks
The SME sector is exposed to cyber crime risks. Since Spring 2015, SMEs have been overlooking the clear and present danger of cyber risks with virtually no change in insurance. CBR has revealed SME cyber crime landscape using new research from Aon Risk Solutions which states that 22 per cent of S…