SMEs in plastic industry: No plastic smiles
The domestic plastics industry comprising several SMEs is set to make hay while the sun shines in the form of strong demand from sectors such as automobiles and irrigation. Plastindia Foundation, the apex...
SME Financing: Citibank India bags Honour
Citibank India recently announced that it has been awarded the ‘Best SME Bank’ for 2011, under the Foreign Bank category by Dun & Bradstreet - Polaris Software Banking Award. The Awards seek to...
Indian SMEs get billion dollar funding
Private Equity (PE) and venture capital (VC) investment rose by 29 per cent to $648 million (around Rs 2,916 crore) in the period January-September 2011, compared to $500 million (around Rs 2,250 crore)...
India has over 1 crore registered MSMEs
According to the latest All India Census of Micro, Small and Medium Enterprises (4th All India Census) conducted with reference year 2006-07, there are 1.56 crore MSMEs in the country. They employ 9,30,9486...
Commercial banks not to get too commercial with SMEs
The government and RBI played watchdog by insisting on commercial banks to come to the rescue of SMEs over the rising interest rates of late – almost a dozen interest hikes announced over...
Jallandhar’s Footballs get kicked at FIFA match
The first ever momentous FIFA friendly match between Argentina and Venezuela held recently in Kolkata used Jallandhar manufactured footballs. The All India Football Association (AIFF) along with the two teams found the football...
Mobile advertising gives SMEs upward mobility
SMS GupShup, a SMS-based social networking platform provider says that mobile advertising is perfect for small and medium enterprises (SMEs) in a price competitive market like India. Beerud Sheth, Chief Executive Officer, SMS...
SME stock exchange to increase its stock
The National Stock Exchange (NSE) is keen to set up a separate platform to cater to small and medium enterprises (SME) within the next two to three months. Earlier, the market regulator Securities...
Industrialization of Bengal? Now Possible!
In a major fillip to the industrial development in Bengal, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has announced a strategy to set up SME industrial clusters in two districts...
MSMEs spares time to develop defence spares
India imports spare parts worth around Rs 100,000 crores every year for the defence sector. There are over 450,000 different types of spare parts required for the defence sector equipment like tanks, heavy...