MSME TECH CENTRE
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.
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.
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.
Nithya Easwaran is bullish on small ticket MSME and supply chain finance. Here’s why
Nithya Easwaran discusses the investment focus on various sectors within financial services in India, emphasizing the importance of fintech, customer experience, and the role of technology in enhancing the industry. She further says: "At any point in time, we would at least have seven or eight companies that we are evaluating in financial services alone. We are in our fourth fund now."
Digital lenders’ play for MSMEs; Ola Electric to launch e-autos
MSME-focused digital lenders are increasingly gaining traction as banks slow down on unsecured consumer loans. This and more in today’s ETtech Morning Dispatch.
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.
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Jindal Stainless, MSME Tech Centre to make value-added products for defence, aerospace
JSL Managing Director Abhyuday Jindal said, "Through this MoU, our aim is to deliver high-quality products to the defence and aerospace sectors with increased efficiency. The move is aligned with the Prime Minister's Atmanirbhar Bharat initiative, and will contribute towards reducing reliance on imports."
Guwahati: MeitY Secy inaugurates SWASTHA project and other projects at IIT Centre for Nanotechnology
S. Krishnan, the Secretary of the Ministry of Electronics and Information Technology (MeitY), Government of India, officiated the inauguration of the SWASTHA project along with the cutting-edge ISO 5 and 6 Clean Room Facilities at the Centre for Nanotechnology, Indian Institute of Technology- Guwahati.
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.
A 50-year-old supply chain system is getting a tech makeover
As businesses embrace new technologies to survive, the just-in-time principle of supply chain is getting an upgrade.
How Chandrayaan-3 has become the launchpad for science and tech firms in India
The mission consisted of cutting-edge technologies in onboard sensors, propulsion systems, and communication technology. and also had the participation and support of more than 150 companies and academic institutions.
Aspirational Districts Programme aims to digitally skill over 3.5 million by March 2024: Nidhi Bhasin, nasscom foundation
nasscom foundation is working towards digitally skilling women entrepreneurs and promoting digital literacy, and enhancing citizens’ access to government schemes in rural areas.
G20 Summit News Updates: President Murmu and PM Modi welcome guests at Bharat Mandapam for the special G20 dinner
The G20 Summit, hosted by India, has reached a consensus on its leaders' declaration and announced its adoption. World leaders, including US President Joe Biden, French President Emmanuel Macron, and Canada's Prime Minister Justin Trudeau, attended the summit. India also announced that the African Union has been made a permanent member of the G20, giving it the same status as the European Union.
RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in minutes; how it will work
The Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation Hub, a wholly-owned subsidiary of the central bank. The platform will also have an open architecture, open Application Programming Interfaces (APIs), and standards, to which all financial sector players can connect in a ‘plug and play’ model. During the pilot program, the platform will focus on products such as Kisan Credit Card loans, dairy Loans, MSME loans (without collateral), personal loans, and home loans through participating banks.
Who will create more jobs for India: MSMEs or startups?
While the demographic dividend gives India an advantage, the country has to quickly generate enough jobs to ensure the gain does not morph into a loss for the economy. Where should the government emphasis be to create stable jobs?
Innovation in fintech is judged by magnitude of impact, not on tech newness: Indifi’s Alok Mittal
While emerging technologies have provided a boost to the fintech and payments ecosystem, Indifi’s Alok Mittal says true impact can only be measured if it provides for greater financial good.
Budget 2023: From revamped credit push to infra development, industry stakeholders react
India’s small businesses and industry groups have issued their response to Budget 2023-24. Here, we round up the opinions.
Budget 2023: Scrapping of key MSME schemes worrying, say industry experts
Small businesses need more help now than ever before because of economic challenges but some schemes that made a difference on the ground have been removed.
ET Rise World MSME Day 2022: Experts discuss on building self-reliant MSMEs
The event saw various panel discussions on understanding how technology, leadership, policies, skills and the entire ecosystem need to develop new capabilities and be prepared for a new world.
India’s $5 trillion GDP dream has an untapped potential in Mass Entrepreneurs
In the next ten years, India will witness a rapid expansion of the base and a vertical expansion in the growth trajectory of MEs.
Budget reactions: What MSMEs & experts have to say about FM's blueprint for next 25 years
The extension of ECLGS scheme by Rs. 50,000 upto March 2023, with a special focus on ailing hospitality sector is crucial to facilitate its faster recovery.
India requires more tech centres, need to be constructed speedily: MSME minister
The MSME ministry also announced KVIC's launch of the SPIN scheme and the setting up a pottery cluster under SFURTI Scheme in Varanasi to empower over 1,100 people of the marginalised potters' community.
DRDO chairman emphasises building of indigenous defence system
Dr Reddy delivered a talk on “Building Future Defence Capabilities - Strategic Strides” and stressed on the need of building an indigenous defence system in the country as almost 50% of the defence contents/technologies were imported from outside the country.
With $200 billion in exports, this sector deserves a special focus in the upcoming Foreign Trade Policy
India wants to do $1 trillion in exports by 2025 and the services sector can be a huge contributor to this target. But we need a conducive policy framework, and the upcoming Foreign Trade Policy 2021-2026 has an opportunity to carve one.
World MSME Day 2021: Putting MSMEs at the heart of inclusive and sustainable recovery
Across the board, services sectors appeared more severely impacted than manufacturing, particular in the hospitality, travel and related sectors.
View: How the Bengaluru coalition plans to beat Covid
The coalition will focus on strong messaging within communities to remove concerns around vaccination by increasing awareness through campaigns, reducing hesitancy through tailored messaging to address different target groups, and by increasing access for the marginalised groups. Camps are a good way of getting people to develop collective confidence.
View: New foreign trade policy is an opportunity for MSMEs to leverage e-commerce for their growth
India’s 2021-26 foreign trade policy (FTP), currently under formulation, is likely to be released on April 1. The earlier FTP that was due to end in March 2020 was extended till March this year due to Covid-19.
Tech companies struggled to get small businesses on the digital bandwagon. Then came the pandemic
For years, IT majors have been trying to target small businesses and get them to be a part of the digital world. The pandemic has been an unlikely ally.
From small to big: The evolution of MSME lending in 2020 and the role of fintech
The Union Minister for MSME, Nitin Gadkari, has outlined a plan to increase the sector’s GDP contribution to 50% from the current 29%, as India works towards the ambitious $5-trillion target that it has set for its economy.
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