Author RSSUK SMEs hopeful of witnessing improvement in 2010
A recent survey conducted by Cisco UK and Ireland has indicated that the business sentiment among SMEs in the UK has turned positive, with several small firms expecting to witness major improvements in their business in 2010.
After surviving the advers...
MSMEs to soon account for 10% share in GDP
The total contribution of the MSME sector to India's GDP is expected to reach 10% from the current share of 8%, revealed the Finance Ministry recently.
Speaking during the inauguration of the All India Management Association (AIMA) Global Convention, f...
Bundled network security gaining prominence among Gujarat SMEs
Increasing incidences of cyber attacks and security threats are propelling SMEs in Gujarat to strengthen their network by deploying advanced security solutions. Growing realisation of the need to protect crucial data from being lost or hacked is leading t...
High banking charges hampering exporters
The Federation of Indian Export Organisations (FIEO) recently revealed that the levy of higher transaction costs and additional charges by banks is adversely affecting the export sector in India.
Issuing a press release, A Sakthivel, president of FIEO,...
Schemes designed to help leather sector stride ahead
The Indian leather sector is likely to achieve the desired growth levels in the coming days thanks to the efforts undertaken by the Union government to promote the sector's development through initiation of several schemes. The government's decision to im...
Boost to khadi and cottage units in Uttarakhand
Small-scale khadi and cottage industries in Uttarakhand will soon be able to promote their product basket effectively and establish their global footprint with some help from the government. The decision taken by the Khadi and Village Industries Commissio...
Call for extension of 2% interest subvention for garment exporters
The Ministry of Textiles has sought the extension of concessional export finance scheme to the beleaguered garment export sector in India, which has been excluded from availing the 2% interest subvention benefit in the Union Budget 2010-11.
Speaking on...
Corporate advisory services to benefit SMEs, investors
CNI Research, an organisation focusing on small and mid-cap companies listed on Bombay Stock Exchange (BSE), has now forayed into offering investment and financial advisory services by entering into an agreement with Gateway Strategic Advisors.
"With t...
Tax structure transformation boosts SMEs
Although the Union Budget 2010-11 may not have conceded all the demands of the various small-scale industry associations in India, a few budgetary proposals have provided enough reason for celebration to the SME sector in India. The SME sector as well as ...
Improved credit flow for MSME sector
The Working Group recently presented a report, including recommendations,for the MSME sector. Enhancement of the limit for collateral free loans to the MSME sector to Rs 10 lakh from Rs 5 lakh and suggestion for guarantee fee for collateral free loans to ...
Indian herbal industry set to bloom
Buoyed by the popularity of ‘Made in India' herbal products and upsurge in medicinal treatments across the world, the Indian herbal industry is growing significantly. With the tremendous growth of the sector, SMEs dominating the segment are also witness...
Govt taking adequate steps to promote handicraft sector
SMEs in the Indian handicrafts sector can now promote their product basket effectively across the world thanks to the various initiatives undertaken by the government to promote the sector.
Highlighting the various measures initiated by the government ...
Scheme launched for generating world-class SME leaders
The launch of a scheme worth £37 million, which is aimed at sharpening business skills of entrepreneurs, has been announced recently by the Welsh Assembly Government. The scheme is expected to nurture management skills and hone business acumen of around ...
Tribulations for Ludhiana sewing machine industry continue
The sewing industry in Ludhiana, which was already suffering due to stiff competition from Chinese players, is now in deeper trouble as volatility in raw material prices continue to hurt the small-scale units constituting the sector. Industry representati...
Coimbatore small units content with Budget
The Union Budget 2010-11 has brought cheer among industry representatives in Coimbatore and small-scale units in the region, with some prominent steps being taken by the Union finance minister, Pranab Mukherjee. Clear growth-oriented focus provided by the...