Heralding Manufacturing Growth

SMEs in India need to move from automation to autonomy :-The ‘Make in India’ initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022. When this growth happens, there will be two factors driving it. First, the local demand and then the capex driven by FDI. […]

7 local businesses selected for SME accelerator programme in Singapore

SEVEN local small and medium-sized enterprises (SMEs) will undergo a digital makeover as part of a business transformation programme by accelerator The FinLab, which organisers claim is the first such programme catering to SMEs in Singapore.The seven SMEs are: CK Department Store, International Labs, Angel Supermart, Siam Coconut, Straits Healthcare, Lih Ming Construction, and Acepac […]

MSME ministry, GSTN to soon ink pact for data sharing

The MSME ministry will soon sign an agreement with GSTN, the IT backbone of GST, for sharing of data related to small and medium enterprises as it looks to widen its reach to such enterprises, an official source said.Around 44 lakh micro, small and medium enterprises (MSMEs) are registered with the ministry’s Udyog Aadhaar portal, […]

Why it’s time for SMEs to get a digital makeover

Business managers and leaders, whether in large firms or small and medium-sized enterprises (SMEs), know better than anyone else the challenges of running and scaling a business. We deal daily with fierce competition, tight budgets, and demanding customers who eat into our already-thin margins. But as we look around us at the widespread adoption of […]

MSME-Development Institute, Nagpur holds State Level Vendor Development Program

MSME-Development Institute, Nagpur, Government of India, Ministry of MSME in conjunction with Indian Oil Corporation Ltd. (IOCL) at Nagpur organized a State Level vendor Development Program (SVDP).The objective of the program is to create opportunities for MSMEs to develop as potential vendors for the Central Public Sector Undertakings (CPSUs) under the Public Procurement Policy.The Public […]

Happy Loans’, Storeking tie-up to disburse over Rs. 4 Cr. credit to rural MSMEs

Digital lending platform focusing on micro-credit for the MSME sector Happy Loans its partnership with rural digitisation and commerce optimisation platform, Storeking.Aimed at providing Happy Loans’ innovative and data-driven credit products to Storeking’s substantial merchant network, the partnership has achieved the stunning milestone of disbursing Rs. 4 crores of credit in just three months.The synergy […]