Author RSSIndore MSMEs to get a ‘Namkeen Park’ soon
India will soon get its first ‘NamkeenPark' thanks to the initiative undertaken by the Central government's MSME Development Institute to establish such a park in Indore. Spanning over 40 acres of land, the park is expected to be well-equipped with all ...
Power shortage continues to jeopardise Andhra MSMEs
Frequent power cuts continue to cripple MSMEs in Andhra Pradesh (AP), hampering their work-flow and making it difficult for them to sustain smooth operations. The recent notification issued by the state government for two-days-a-week power cut rather than...
Hurdles in ICT adoption among MSMEs
Although the MSME sector in India is gradually realising the importance of adopting technological and communication tools, some factors such as inadequate government support, funding issues and lack of technical know-how are inhibiting small firms to go f...
Separate stock exchange platform sought for SMEs
The need for setting up a separate exchange for SMEs has been recently stressed by the seminar attendants at the day-long discussion organised by the Institute of Company Secretaries of India (ICSI), Eastern India Regional Council (EIRC).
"A dedicated ...
IP facilitation centres to be set up for MSMEs
The Federation of Indian Chambers of Commerce and Industry (FICCI) plans to set up several Intellectual Property (IP) facilitation centres with support from the Ministry of MSMEs in order to create more awareness about the importance of protecting IP amon...
Branding for success
Branding, for most of the SMEs in India, is often relegated to the backseat as other areas of business operations such as finance, export, investment, trading policy and product development, among others assume paramount importance. However, creating a br...
India-US pact to boost SMEs in both nations
‘India-US Trade Policy Forum Framework for Cooperation on Trade and Investment' has been signed recently in order to boost bilateral trade between India and the US. The initiative for ‘Integrating US and Indian Small es into the Global Supply Chain' h...
Financial assistance extended to weavers in Orissa
Weavers in Orissa can now develop innovative products and upgrade their technology thanks to the initiative undertaken by the Orissa government to provide special package to the SME-dominated weaving industry in the state.
"The Orissa government has so...
Corrugated box manufacturing sector mired in difficulties
Trouble for the already-suffering corrugated box manufacturing sector only seems to have multiplied in the recent past. After the economic downturn, it is now exorbitant costs of raw materials plaguing the SME corrugated box manufacturing units. Steep hik...
Measures undertaken for rehabilitation of ‘sick’ MSMEs
In a bid to accelerate the revival of ‘sick' MSMEs, the Reserve Bank of India (RBI) has issued comprehensive guidelines to banks, asking them to undertake measures that would enable non-performing units to access adequate credit.
In a written reply t...
Policy hurdles invite wrath of Jamnagar brass units
SME brass traders and manufacturers in Jamnagar are up in arms over the recent notification issued by the Union Environment Ministry, which requires importers of brass scrap to register.
Industry players believe that bureaucratic hurdles and lack of ad...
Incubators in Africa to promote enhanced India-Africa MSME cooperation
Dinesh Rai, secretary of the Ministry of MSMEs, revealed recently that the Ministry will set up incubators in Africa with a view to promote enhanced cooperation between the MSME sector in both India and Africa. The plan of setting up the incubators will b...
Comprehensive action plan set to benefit khadi sector
A detailed agenda to ensure proper implementation of the ‘Khadi Reforms and Development Programme' has been recently laid out by the ‘Reforms Implementation and Monitoring Committee' that was formed under the chairmanship of Dinesh Rai, secretary (MSM...
Paper industry in woods
Tribulations for SMEs in the Indian paper industry seem to continue unabated. Earlier, it was sluggish demand and stiff competition from Chinese imports that depleted the profit margins of small-scale paper mills. While recessionary pressures daunted the ...
US local business owners optimistic about economy and sales
Nearly 7 out of the 10 local business owners in the US view the current economic condition to be the same or slightly better than what it was a year ago. This was revealed by the second quarterly MerchantCircle Confidence Index survey, which received resp...