MSME
World MSME Day: MSMEs must develop a competitive advantage to operate in the global market: Rajneesh, AS & DC, MSME Ministry
Synopsis: Developing Indigenous technology besides collaborating with global partners is crucial for MSME, says Rajneesh, AS & DC, MSME Ministry.
MSME Day 2024: Nasscom Foundation and SME Council launch upskilling initiative for marginalized youth
CEO Nidhi Bhasin leads a collaborative effort to equip marginalized youth with skills for the job market, uniting SMEs to amplify social impact and address the demand for skilled professionals, making a significant collective impact on CSR efforts.
MSME Day 2024: Participation of women in MSMEs increases but challenges remain
MSME Day 2024: While the role of women has increased significantly in India’s MSME set-up, certain challenges remain which need to be soon addressed. Notably, the women-led MSMEs play a critical role in this set up. They contribute significantly to employment and investment.
How MSMEs can boost India's real estate market
With streamlined regulations and increased credit access, MSMEs have the potential to boost India's real estate sector.
India’s SME IPOs: From a quiet start to bull run
Ajay Thakur, former Head, BSE SME & Startup, recalls how it was a challenging journey to convince SMEs to get listed and see the benefits that would follow ahead.
MSMEs & green finance: How fintechs can help small businesses adopt sustainability
Small businesses need green finance to offset their environmental footprint. This is the only way to make the domestic industry more climate-friendly.
World MSME day: Retail investors need greater access to SME IPOs, regulatory process tightened
MSME Day 2024: Regulatory overhaul to boost retail participation in SME IPOs needed, says Rahul Bhutoria, Director, and Founder, Valtrust.
Tighter regulations are for the greater good of fintech ecosystem, not obstacles, say industry leaders
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
Shipping delays and disruptions erode profitability of MSMEs: Ketan Kulkarni, Allcargo Group
Extended transit times can result in increased transportation expenses and potential penalties for late deliveries, further straining financial resources, says Ketan Kulkarni, Chief Growth Officer, Allcargo Group.
Kinara Capital's resilient model gives it 51% profit rise despite distress in fintech sector
The fintech company has been profitable even when the customer segment was disproportionately impacted, says Hardika Shah, Founder & CEO of Kinara Capital. She says this has happened on the back of a balanced business model and strategic planning.
ET Make in India SME Regional Summit in Kolkata to look at Bengal’s potential and opportunities to uplift MSMEs
Entering its third city this year, the ET Make in India SME Regional Summit will host brainstorming sessions, networking opportunities and engaging discussions with entrepreneurs and government representatives on developing businesses in the region.
FISME urges govt to review policies to help faltering MSMEs
The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP.
Digital advances and subsidies propel the state’s thriving MSME sector, says Shashi Panja, Minister of Industries, West Bengal
At the ET Make in India SME summit’s Kolkata edition, Shashi Panja highlighted the various policies adopted by the TMC government to support MSMEs, including bank interest subsidies, setting up cooperatives and clusters, and offering credit cards for MSME entrepreneurs.
One District One Product scheme is catalysing UP's export potential, says Alok Kumar, Principal Secretary, MSME and Export Promotion, UP Govt
The One District One Product (ODOP) scheme has made a big difference in many industrial segments across UP, and it has also been a significant catalyst for the country's economic growth, according to Alok Kumar, Principal Secretary, MSME and Export Promotion, UP Government.
For its third session, ET Make in India SME Regional Summit heads to Kolkata
After two successful stints, the ET MSME Summit is preparing to enter Kolkata with the objective of understanding the potential and the opportunities to empower the small and medium businesses in the city and the state.
ET Make in India SME Summit in Hyderabad: Small businesses should adopt modern technology as soon as possible
ET MSME Regional Summit: Hyderabad’s startup ecosystem has come a long way and is now focussed on hi-tech areas such as drone technology and space manufacturing. More and more small businesses should embrace AI and other modern technologies if they want to survive for long.
ET Make in India SME Regional Summit’s second session to be held in Lucknow
After a successful first show at Hyderabad, the ET Make in India SME Regional Summit will host its second show in Lucknow on May 25.
Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability
Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.
ET Make in India SME Summit in Lucknow: Micro industries must be given adequate support in the MSME ecosystem
The purpose of these regional ET MSME Summit events is primarily to increase awareness, promote networking and support industry-specific learning to give small industries a leg up.
How Jaipur-based AU Small Finance Bank plans to plug a $400 billion credit gap
India’s largest small finance bank has recently bulked up and is now looking to utilise its heft to increase its presence in MSME lending. How successful would it be, is the billion-dollar question.
ET Make in India SME Regional Summit in Lucknow to highlight the city’s thriving labour-intensive industries
The second session of this year’s ET Make in India SME Regional Summit will be held in Lucknow with a special focus on uplifting the city’s MSMEs.
MSMEs should build support fund for women to encourage their participation: Lohit Bhatia, Indian Staffing Federation
MSMEs should work towards increasing female workforce participation by making structural changes to their ecosystem, says Lohit Bhatia, President, Indian Staffing Federation (ISF).
Compliance plays a big part in helping Indian MSMEs grow exports
While challenges persist, the compliance levels of Indian MSMEs in terms of export have been gradually improving, say experts.
How lenders manage risk in MSME lending when credit history is not available
Some of the traditional methods used for credit assessment of businesses such as using credit history to predict behaviour or analysing cash flows and profitability using bank statements and financial statements are not very helpful.
New MSME payment clause in I-T Act: Supreme Court tells traders to move HC
On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium enterprises (MSMEs) within 45 days to avail tax benefits.
PayU invests $5M in BRISKPE to boost cross-border payments ecosystem for MSME merchants
This investment underscores the importance of seamless international payments as part of PayU India’s strategy.
ET Make in India SME Regional Summit to kick off with the high-tech city of Hyderabad
After carving out a strong identity for itself, the ET Make in India Regional Summit is all set to begin a fresh innings this year. It becomes crucial as the country aims to tap the various opportunities the world is offering in the midst of economic and geopolitical shifts.
India’s defence production is $13 bn and growing, and MSMEs are providing the tailwind
The government’s push for indigenisation in defence has encouraged smaller players to get into the game and reduce India’s dependence on imports.
How MSMEs can benefit from end-to-end retail solutions
Most MSMEs are unable to build robust end-to-end retail solutions on account of inadequate finances and expertise in a large geography like India.
How GST ensured fast credit growth to MSMEs
In January 2024, credit to the industry expanded by 7.8% y-o-y, down from the 8.7% growth recorded in January 2023.
SIDBI MSME Conclave Indore | Empowering MSMEs: SIDBI's Vision for Madhya Pradesh
At the Indore edition of the SIDBI MSME Conclave Anjani Kumar Srivastava, General Manager at SIDBI gave an insightful presentation on the theme of ‘MSME Finance & SIDBI's Vision for a Strong & Vibrant Ecosystem in Madhya Pradesh’. During the presentation she delved into SIDBI's strategic vision and initiatives aimed at fostering a robust ecosystem for MSMEs in Madhya Pradesh. The session also included an Open House segment, providing attendees with the opportunity to engage directly with Mr. Srivastava as they asked questions, and gained valuable insights into financing options and support available for MSMEs in the region.SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave Indore | Empowering MSMEs: SIDBI's Vision for Madhya Pradesh
How digitisation is helping MSMEs improve customer management
Digitising various aspects of MSME operations is essential for driving growth, enhancing efficiency and staying competitive in today’s global marketplace.
SIDBI MSME Conclave Indore | Empowering MSMEs in MP for Competitive and Sustainable India@100
At the Indore edition of the SIDBI MSME Conclave, Kirti Joshi, Co-Founder, InfoFeat and CEO, ExaTip Technologies; Mamta Bakliwal, Co-founder & CTO, Empower Integrated Solutions; Ankur Phadnis, Founder, Feedify and Akshat Chordia , Vice Chairman CII Malwa Zone and MD , Rini Lifesciencs Pvt Ltd engaged in a panel discussion on the topic 'Charting the Path Forward: Empowering MSMEs in MP for Competitive and Sustainable India@100’. In a session moderated by Neha Dewan, Assistant News Editor at EconomicTimes.com the panellists shared insights and strategies for fostering growth and sustainability within the MSME sector in Madhya Pradesh. SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave Indore | Empowering MSMEs in MP for Competitive and Sustainable India@100
Kotak Bank bets big on MSME loan uptick
Kotak Mahindra Bank is optimistic about the MSME segment's demand for working capital and term loans in the second half of the fiscal year, driven by rural development initiatives under PM Modi.
Final edition of SIDBI ET MSME Conclave sees high-powered sessions, talks of cluster significance for MSMEs
The programme looked at tapping the next wave of growth opportunities, fostering knowledge exchange, enabling networking and helping to tackle challenges for sustainable growth among small enterprises.
Kirloskar's NBFC turns focus to MSME loans to reduce risks
Arka Fincap, a Kirloskar Group-owned NBFC, is shifting its focus towards MSME loans to reduce wholesale credit risk. They aim for MSME loans to constitute 70% of their total portfolio, up from the current 50%, with a target to increase this to 75%. The NBFC, which has doubled its total loan book to ₹5,300 crore, plans to grow it further to ₹7,500 crore by FY25, with a significant portion from MSME lending.
Automating repetitive tasks: AI for invoicing, inventory, and more
World MSME Day: The ability of AI to manage repetitive, time-consuming, and error-prone tasks revolutionizes business operations, resulting in accuracy, speed, and cost savings.
Celebrating the inspiring journeys of four small business innovators who dared to dream big
Entrepreneurs like Yashovardhan Sharma, Kanak Deka, Biju Kuriakose, and Reena Chauhan embody resilience and innovation in India's MSME landscape. Through programs like Walmart Vriddhi, these entrepreneurs thrive, preserving heritage, empowering communities, and shaping a brighter future for Indian households with unique products and sustainable practices.
SIDBI ET MSME Conclave: Last session in Aurangabad on March 19 to focus on cluster development and improving MSME competitiveness
The programme is now entering its last session which will be held in the city of Maharashtra with the aim to host and uplift its entrepreneurs and small businesses.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
Mass entrepreneurship movement: How India's economy is getting reshaped
India's mass entrepreneurship movement, supported by cross-sector partnerships, aims to create 90 million non-farm jobs by 2030.
We are hoping to be closer to 25% of MSME lending in India in 2-3 years: SIDBI’s Prakash Kumar
Prakash Kumar, DMD, SIDBI explains the various initiatives being undertaken by them to reform the MSME ecosystem and why bringing more micro enterprises within a formal structure is essential to growth.
IIT-Kanpur Alumnus Sandeep Jain takes charge as new FISME president
Jain is also an alumnus of the prestigious Indo-German Manager Training program and is the Northern Region head for IGBDA – association of the alumnus of this program.
Empowering Odisha: Dr. Omkar Rai Ignites Entrepreneurial Sparks at Startup Odisha
At the Bhubaneswar edition of the SIDBI MSME Conclave, Dr. Omkar Rai, Executive Chairman of Startup Odisha, unveiled the strategies for catalysing entrepreneurship from the ground up in Odisha. He delved into innovative approaches, supportive ecosystems, and collaborative initiatives aimed at nurturing budding entrepreneurs and fostering a vibrant startup culture in the state. He further shared valuable insights into Startup Odisha's vision and roadmap for driving economic growth, innovation, and job creation through entrepreneurship. SIDBI MSME Conclave 2024 - Bhubaneswar Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.Empowering Odisha: Dr. Omkar Rai Ignites Entrepreneurial Sparks at Startup Odisha
Empowering Bharat's MSMEs: Insights from the SIDBI ET MSME Conclave Series and a sneak peek into the upcoming Aurangabad edition
Explore insights from the SIDBI ET MSME Conclave series, empowering Bharat's MSMEs. Join us for the transformative Aurangabad edition on March 19, 2024 as experts decode financial ecosystems and share deep-dive insights on fostering new growth opportunities for the MSMEs in Aurangabad region.
Maharashtra MSME Defence Expo takes big strides to strengthen MSME’s participation in facilitating India’s defence manufacturing
The Maharashtra MSME Defence Expo showcased equipment to make India self-reliant in the defence sector. It was inaugurated by Deputy Chief Minister of Maharashtra, Devendra Gangadharrao Fadnavis, and featured industry leaders like L&T, Mahindra, Tata, and Munitions India Limited.
Breaking boundaries: Payoneer's game-changing approach to global payments for Indian SMBs—insights from Gaurav Shisodia
In an exclusive conversation with EconomicTimes.com, Gaurav Shisodia, Vice President of Payoneer India, delves into how Payoneer’s innovative solutions empower SMBs. Diving deep into the paradigm of cross-border transactions, Shisodia highlights its role in driving global disruption and positioning Indian SMBs for international success.
We empower MSMEs, retailers across India via offerings designed to boost market access, cut costs: Anand Kumar Bajaj, PayNearby
Our model ensures that MSMEs can access the financial tools they need to thrive, while also enabling retailers to expand their service offerings and increase footfalls to their stores, says Anand Kumar Bajaj, MD and CEO, PayNearby.
Supply chain digitisation helping businesses cut expenses & risks and boost efficiency, says industry
Digitisation is no longer just an option but a necessity for businesses now.
Scheme unveiled to help 500k MSMEs join ONDC
Ministry's initiatives focus on empowering MSMEs, especially micro-enterprises, through various schemes, including Khadi brand rejuvenation and interest subventions. Rajneesh, the development commissioner, highlights the importance of these initiatives for the growth and development of small businesses.
How do you make 6.3 crore MSMEs globally competitive? A scheme takes a shot
The Zero Defect Zero Effect Scheme has helped small manufacturers get wider recognition in domestic and international markets. But the scheme needs more publicity and involvement of domain experts to realise the ‘Make in India’ goal — especially as a similar scheme for services is on cards.
Five-yr extension expected for export credit scheme
India is expected to extend a key support scheme for export credit to boost its export sector, which has been hit hard by a slowdown in developed countries. The commerce and industry ministry has proposed an extension of the interest equalisation scheme beyond June 30, providing a 3% benefit for manufacturer micro, small and medium enterprises (MSME) and a 2% incentive for exporters of 410 identified tariff lines.
Ontario Teachers’ buys into NBFC Kogta
Ontario Teachers' Pension Plan Board acquired a significant minority stake in Jaipur-based NBFC Kogta Financial for Rs 1,230 crore ($148 million). The funds will drive growth, expand regional presence, and allow partial exits for existing investors Morgan Stanley and Creador. Kogta, specializing in vehicle finance and MSME loans, operates in 10 states with 225 branches and 5,000 employees.
IT service exports should start diversifying in AI, cloud computing and data analytics, say industry players
As the IT service exports come out unscathed amidst a turbulent period for the world, industry players believe it’s time the service portfolio spread out.
SIDBI MSME Conclave - In Association With EconomicTimes.Com | Special Address | Shankar Lalwani
Mr. Shankar Lalwani, Member Of Parliament, Indore took stage for a special address dedicated to the MSMEs in Madhya Pradesh during the Indore edition of the SIDBI MSME Conclave. Mr. Lalwani shared invaluable insights on the concrete measures being undertaken by the MP government to address challenges faced by MSMEs and fortify the ecosystem. Highlighting the significance of MSMEs as the second largest employment generator and the backbone of the economy, Mr. Lalwani discussed the imperative role of fostering their growth to propel economic advancement. He also shed light on the initiatives taken by the government to enhance the MSME ecosystem, including strategies to boost exports and facilitate cluster development in the region.SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave - In Association With EconomicTimes.Com | Special Address | Shankar Lalwani
Finance Minister Nirmala Sitharaman chairs fifth pre-budget consultation with MSME representatives
Union Minister Nirmala Sitharaman chaired the fifth Pre-Budget Consultation in New Delhi, focusing on inputs from the MSME sector for the forthcoming General Budget 2024-25.
SIDBI MSME Conclave | Indore | Nurturing MSMEs & ONDC Collaboration | Ravi Tyagi, CGM, SIDBI |
Ravi Tyagi, Chief General Manager at SIDBI took the centre stage at the Indore edition of the SIDBI MSME Conclave to give a special address titled ‘SIDBI Insights - Nurturing MSMEs & ONDC Collaboration.’ During his address, Tyagi unveiled profound strategies and collaborative efforts undertaken by SIDBI, shedding light on how their initiatives have helped foster growth and sustainability within the MSME sector. Delving further into the transformative impact of SIDBI's collaboration with ONDC he shared insights into how these endeavours are empowering MSMEs, steering them towards enhanced success and resilience.SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave | Indore | Nurturing MSMEs & ONDC Collaboration | Ravi Tyagi, CGM, SIDBI |
Industry pitches for tax reduction, rationalisation of duty structure in Budget
During a pre-budget meeting with Finance Minister Nirmala Sitharaman, industry representatives urged for reduced indirect taxes and rationalized duty structures. FIEO's Ashwani Kumar requested extending the Interest Equalisation Scheme for five years. Reliance Industries sought a review of tariffs on Chinese imports, and Nasscom pushed for easing transfer pricing rules.
Confident of achieving growth of more than 15%: Umesh Revankar, Shriram Finance
RBI is more focused on the unsecured loan disbursement where the usage is unknown. But where the usage is known, where it is going for business, there RBI and government both have been encouraging.
Third Eye: All about oath taking in LS, Jharkhand's political scene and Congress' vow to protect Constitution
HAM leader and MSME minister Jitan Ram Manjhi made a mistake while taking an oath as Lok Sabha member, leading to confusion among ministers. Jharkhand political circles are buzzing about Cabinet inductions, with Congress almost finalizing the name for Alamgir Alam. Rumors suggest Kalpana, jailed former chief minister Hemant Soren's wife, may be inducted. AICC leaders held a demonstration in New Delhi to protect the Constitution, while the BJP is preparing for demonstrations in Karnataka.
SIDBI ET MSME Conclave in Rajkot sees stellar turnout, focuses on building financially resilient MSMEs
From conversations around building financially resilient and competitive MSMEs to the challenges that need immediate solutions, the Rajkot edition aimed to understand the role of Gujarat in shaping a viable ecosystem for the MSME sector.
SIDBI ET MSME Conclave: Fourth session to be held in Belagavi with focus on holistic MSME expansion
After three successful sessions, SIDBI ET MSME Conclave is all ready to enter Belagavi with an aim to help MSMEs connect with peers, stakeholders and senior officials.
SBI to use IT, GST data for quick sanction of MSME loans
State Bank of India (SBI) has introduced SME Digital Business Loans, using data from income tax, GST returns, and bank statements for rapid credit assessment of MSMEs, enabling loan sanctions within ten seconds without human intervention. For loans up to Rs 50 lakhs, financial statements are waived in favor of transaction history and GST returns. This initiative aims to streamline MSME lending, reducing manual processes and enhancing efficiency.
Cluster Development and District Growth: An Insider's Perspective on Odisha's Strategy
At the Bhubaneswar edition of the SIDBI MSME Conclave, Saswat Mishra, Principal Secretary, MSME, Government of Odisha shared an insider's perspective on Odisha's strategy for cluster development and district growth. Gain valuable insights into the initiatives, policies, and collaborative efforts driving economic prosperity and sustainable development across Odisha's diverse regions. This engaging session provides a unique opportunity to explore the intricacies of Odisha's growth strategy and its impact on fostering innovation, entrepreneurship, and inclusive growth.SIDBI MSME Conclave 2024 - Bhubaneswar Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.Cluster Development and District Growth: An Insider's Perspective on Odisha's Strategy
Strategic insights flourish at ET Make in India SME Summit’s Kolkata Chapter
Stakeholders, including Bengal cabinet Minister for Heavy Industries and MSMEs, Shashi Panja, entrepreneurs from food product companies, and industry spokespersons from across the terrains of tea, tourism, and leather convened to share dive deep into the way forward, spelling out the sectors/areas that demand attention and more.
MSMEs are like mitochondria power engines which are boosting West Bengal’s economy, says Shashi Panja, Minister of Industries, West Bengal
West Bengal has close to 90 lakh MSME enterprises, many of them single-person enterprises, and they employ over 1 crore people.
Maximising Govt efforts: Policies and opportunities for West Bengal MSMEs - Dr. Shashi Panja, Minister-in-Charge, Department Of Industry, Commerce & Enterprises, Govt of WB
At the ET Make in India SME summit’s Kolkata edition, Shashi Panja highlighted the various policies adopted by the TMC government to support MSMEs, including bank interest subsidies, setting up cooperatives and clusters, and offering credit cards for MSME entrepreneurs.Maximising Govt efforts: Policies and opportunities for West Bengal MSMEs - Dr. Shashi Panja, Minister-in-Charge, Department Of Industry, Commerce & Enterprises, Govt of WB
SIDBI MSME Conclave Bhubaneswar | Opening keynote on fueling Odisha's future: SIDBI's startup impact
Watch Sudatta Mandal, Deputy Managing Director at SIDBI give the opening keynote session at the Bhubaneswar edition of the SIDBI MSME Conclave titled ‘Building Odisha's Startup Hub: SIDBI's Role in Shaping the Next Decade. During the session, Mandal delved into the pivotal role that SIDBI plays in fostering entrepreneurship and shaping the startup ecosystem in Odisha. He also elaborated on SIDBI's strategies, initiatives, and vision for empowering startups and driving innovation in the region. SIDBI MSME Conclave 2024 - Bhubaneswar Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave Bhubaneswar | Opening keynote on fueling Odisha's future: SIDBI's startup impact
Brain 'drain' turning to 'gain', India Inc should step up: HUL Chairman
HUL chairman Nitin Paranjpe discussed the importance of retaining talent in India and mentioned the rising trend of 'brain-gain' during the company's annual general meeting.
Empowering Indian MSMEs through Digital Transformation - Mohd Yaman, Sr. Solution Consultant, Adobe
At the Lucknow edition of the ET Make in India MSME Regional Summit, Mohd Yaman, Sr. Solution Consultant, Adobe, gave an insightful presentation on the theme of ‘Empowering Indian MSMEs through Digital Transformation’. He showcased the powerful capabilities of Adobe Document Cloud and how it helps simplify business processes for entrepreneurs. He also provided an overview of the key features and functionalities of Adobe Document Cloud and shared insights into how these tools can transform traditional, paper-based workflows into efficient digital processes, and empower businesses to thrive in a digital era.The ET Make in India - MSME Regional Summit series is an Economic Times initiative to bring together local MSMEs, policymakers, enablers, and industry stakeholders to decode local opportunities, address challenges, and enable knowledge-sharing and networking to pave the next wave of growth for Indian MSMEs.Empowering Indian MSMEs through Digital Transformation - Mohd Yaman, Sr. Solution Consultant, Adobe
Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRI
The Global Trade Research Initiative (GTRI) proposed several reforms to enhance India's Goods and Services Tax (GST) system on its 7th anniversary. Recommendations include raising the GST exemption limit to Rs 1.5 crore for firms (up from Rs 40 lakh), simplifying the tax structure by reducing slabs and eliminating state-wise registration requirements. GTRI highlighted GST's role as the world's largest indirect tax platform, with over 1.46 crore registrations.
ET MSME Regional Summit: Adobe’s Ajay Joseph on empowering MSMEs through digital transformation
At the Kolkata edition of the ET Make in India SME Regional Summit, Ajay Joseph, Head of Sales & Channel, Digital Media at Adobe, delivered an insightful presentation on ‘Empowering Indian MSMEs through Digital Transformation’. Discover the transformative potential of Adobe as Joseph highlights key features and functionalities that revolutionise traditional workflows into efficient digital processes. Learn how embracing digital solutions can empower businesses to excel in today's digital landscape.The ET Make in India - SME Regional Summit series is an Economic Times initiative to bring together local MSMEs, policymakers, enablers, and industry stakeholders to decode local opportunities, address challenges, and enable knowledge-sharing and networking to pave the next wave of growth for Indian MSMEs. To know more about the ET Make in India: MSME Regional Summits, visit https://economictimes.indiatimes.com/spotlight/sme_regional_summitET MSME Regional Summit: Adobe’s Ajay Joseph on empowering MSMEs through digital transformation
SIDBI ET MSME Conclave: Stakeholders focus on sustainable growth of Belagavi's industrial ecosystem
SIDBI ET MSME Conclave in Belagavi was highly successful in helping MSMEs connect with peers, stakeholders and senior officials.
Trade marketing scheme soon to assist small companies board ONDC
The government's Trade Enablement & Marketing (TEAM) scheme will support micro and small enterprises (MSE) in leveraging the Open Network for Digital Commerce (ONDC) for e-commerce growth, with benefits like reduced commissions and inclusive protocols.
DoT to undertake MSME survey to push industry 4.0 applications
The Department of Telecommunications (DoT) plans a 60-day survey of MSMEs to aid their adoption of 5G and 6G technologies. The survey aims to understand the challenges MSMEs face in adapting to Industry 4.0 technologies, targeting at least 10 sectors to foster innovation. Proposals are due by June 11, 2024.
ET MSME Regional Summit: Empowering MSMEs through digital transformation, Shoban Basu, Head of Mid Markets, Adobe India
At the Hyderabada edition of the ET Make in India MSME Regional Summit, Shoban Basu, Head of Mid Markets, Adobe India, gave an insightful presentation on the theme of ‘Empowering Indian MSMEs through Digital Transformation’. Discover the transformative potential of Adobe as Shoban delves into its key features and functionalities, illustrating how these tools revolutionise traditional workflows into efficient digital processes. Explore how embracing digital solutions empowers businesses to excel in today's digital landscape.The ET Make in India - MSME Regional Summit series is an Economic Times initiative to bring together local MSMEs, policymakers, enablers, and industry stakeholders to decode local opportunities, address challenges, and enable knowledge-sharing and networking to pave the next wave of growth for Indian MSMEsET MSME Regional Summit: Empowering MSMEs through digital transformation, Shoban Basu, Head of Mid Markets, Adobe India
Budget must focus on employment generation, boost to manufacturing sector: Economists
Economists attending the pre-Budget consultation with Finance Minister Nirmala Sitharaman emphasized the need for the upcoming Budget to prioritize employment generation and bolster the manufacturing sector. They highlighted concerns over unemployment and urged the government to focus on job creation. There was consensus that with the economy showing resilience, stimulating consumption demand would not be a major challenge.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
SIDBI MSME Conclave Indore | Prakash Kumar unveils SIDBI 2.0's integrated financial ecosystem
Watch Prakash Kumar, Deputy Managing Director, SIDBI, elaborate on the theme of Empowering MSMEs as he unveils SIDBI 2.0's Integrated Financial Ecosystem during his keynote address at the Indore Edition of the SIDBI MSME Conclave. Kumar sheds light on a variety of policies, initiatives, and schemes aimed at propelling the next wave of growth for MSMEs in Madhya Pradesh. Tune in to watch Kumar share valuable insights into how SIDBI’s efforts are set to revolutionise the landscape for small and medium enterprises.SIDBI MSME Conclave 2024 - Indore Edition brought together industry leaders, policymakers, and MSME stakeholders to explore avenues for growth, innovation, and empowerment. This dynamic event served as a platform to catalyse discussions, share insights, and unveil strategies aimed at fostering the global competitiveness of Indian MSMEs.SIDBI MSME Conclave Indore | Prakash Kumar unveils SIDBI 2.0's integrated financial ecosystem
SIDBI ET MSME Conclave: Rajkot to see discussions on innovation of small businesses on February 15
The SIDBI ET MSME Conclave is all set to empower the small businesses of Gujarat’s fourth largest city.
SIDBI ET MSME Summit: Belagavi’s hydraulic industry needs tech advancement, logistics improvement
While Belagavi has remained at the forefront of industrial growth in India over the past many years, better air connectivity and easier availability of latest technology can help it grow faster.
Budget 2024 an opportunity for Nirmala Sitharaman to play some good shots
The Lok Sabha election results in India surprised many as they diverged from the exit polls. The focus now shifts to the Union Budget 2024, setting the economic tone for the future. All eyes will now be on Finance Minister Nirmala Sitharaman.
Mahindra Finance, Lendingkart announce co-lending partnership for MSMEs
Through this initiative, SME businesses will be able to capitalise on Mahindra Finance’s hyperlocal schemes and Lendingkart’s expertise.
Innovating MSME financing: Cashinvoice partners with HDFC Bank to enhance supply chain finance solutions
Cashinvoice says its new funding round would strengthen its suite of customised supply chain financing (SCF) solutions to buyers and suppliers of mid and large corporates.
SIDBI ET MSME Conclave: Fifth session in Rajkot to focus on the state’s technology integration and innovation
The programme is now entering the fourth largest city of Gujarat, which is also a leader in manufacturing, with the aim to host and uplift its entrepreneurs and small businesses.
SIDBI ET MSME Conclave: Ludhiana edition of meet focuses on financial resilience
The third edition of the SIDBI ET MSME Conclave, held in Ludhiana on January 19, brought together a large gathering of MSMEs and industry stakeholders who focused on improving ways to spur financial resilience.
Indian SMEs expect human interaction to remain critical within a digital corporate world: HSBC survey
In India, nearly 89% are looking at how emerging technologies can help advance employee skillsets, and 89% are planning to re-train their workforce.
Creating an Export Development Fund is crucial for the MSME ecosystem: FIEO’s Ashwani Kumar
A budgetary support equivalent to 1% of preceding year’s export value should be made available every year through the budget grant to the Department of Commerce, he says.
SIDBI ET MSME Conclave has a winning start in Indore, talks about how MSMEs hold great potential to go global
Focusing on enabling knowledge exchange, the conclave looks to foster opportunities for awareness and growth among the MSME community.
Bank credit growth rate expected to moderate: Crisil
The central bank increased the risk capital requirements for unsecured loans to NBFCs to 125% in November last year from 100% prompting banks to realign their strategies and strengthen their underwriting process.
Strategic reforms in customs duties, GST, commerce to push India's inclusive growth, says GTRI
The think tank suggested increasing the GST exemption limit for a firm's annual turnover from 40 lakh to 1.5 crore as this will be transformative for India's MSME sector, promoting job creation and growth. Firms with less than Rs 1.5 crore turnover make up over 80 per cent of registrations but contribute less than 7 per cent of the tax collected, it said adding a yearly turnover of 1.5 crore equals 12-13 lakh monthly turnover, translating to just Rs 1.2 lakh at a 10 per cent profit margin.
Interim Budget 2024: MSMEs want to see execution of policies, express cautious optimism on announcements
Among some of the measures announced include the establishment of a corpus of Rs 1 lakh crore to give interest-free loan for tech-savvy youth to spur innovation.
Need to rationalise MSME schemes for reach: DFS Secretary
Speaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to make them easier and more comprehensible.
Govt should encourage MSME-focused procurement: GAME’s Ravi Venkatesan
Addressing access to finance and mitigating delayed payments hold the key to MSMEs’ growth in the country, says Ravi Venkatesan, GAME’s founder.
SBI launches digital business loans for small and medium cos
SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.
Startup Odisha’s ambitious plan: Fostering 5,000 startups by 2025
The aim of the organisation is to position Odisha as one of the top three startup destinations in the country, and achieve 5,000 startups by 2025, says Omkar Rai.
SIDBI ET MSME Conclave: Fourth session in Belagavi to enhance the industrial might of the region
The programme is now entering the industrial hub of Belagavi to uplift the entrepreneurs and small businesses in the city and district in Karnataka.
Indian Navy gets fifth Missile-Cum-Ammunition Barge
The Indian Navy has launched the fifth Missile Cum Ammunition Barge, LSAM 13, Yard 81, built by MSME Shipyard SECON Engineering Projects Pvt Ltd, Visakhapatnam. The barges are part of the Missile Cum Ammunition Barge project, which aims to facilitate transportation, berthing, and disembarking of articles and ammunition for IN Ships.
Has India’s toy story started to falter?
After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are also rising.
Narendra Modi govt 'anti-MSME', thousands of small business shut down in 10 years: Congress
Congress alleges Modi govt is 'anti-MSME', leading to small businesses shutting down. Ramesh criticizes policies favoring big corporates, demonetisation, GST issues, Chinese goods dumping, and MSME board control. MSME sector suffers under Modi's governance.
