As of 27th March, 2022, the Indian MSME sector comprises more than 7.9 million micro, small and medium size enterprises. It also contributes to 33% of the nation’s GDP and generates over 120 million e...More
Needless to say, the COVID-19 pandemic has adversely impacted the MSME community in India. With businesses trying to minimize the impact of macro-level disorder in the MSME space, small and midsize en...More
Transitioning to the post-pandemic era, the scope of cloud-based technologies in transforming procurement functions is immense. For an organization’s success, especially in the manufacturing sector, t...More
The Indian MSME sector has a huge potential for growth in the post pandemic era. However, it depends on how emerging businesses adapt to change and most importantly, design future-ready business solut...More
The Ministry of Corporate Affairs has brought in an important amendment to the Companies Act, 2013 that will enable 1.2 million businesses across the country to be classified as small businesses and h...More
Hundreds of MSME medical device units in the country are at the risk of downing shutters, as they may not be able to comply with the mandatory license regime under the Medical Device Amendment Rules,...More
With an aim to increase the contribution of MSMEs to the state’s GDP as well as export basket, the Rajasthan government unveiled the MSME Policy 2022, multiple media reports say. The policy released b...More
In what is touted to be as the ‘biggest ever corporate investment’ since India’s independence, the state government of Gujarat entered into a Memorandum of Understanding with Taiwanese electronic...More
Even as the pandemic brought the economy to a standstill, downing shutters on several small and vulnerable businesses, nearly One Crore micro enterprises (90,048 to be precise) grew in operations to e...More
Just as MSMEs in India are migrating to the digital world, Internet giant Google has thrown them in a tizzy with an abrupt shift in its pricing policy due to the rebranding of its products from Google...More
MSME exporters onboarded to e-commerce giant Amazon.in’s Global Selling Program saw a record 50% increase in business growth during the site’s flagship annual Prime Day sale, which was held between Ju...More
The ban on single-use plastic, in effect from July 1, 2022 has thrown the MSME sector into a crisis, as firms tackle multiple challenges arising from the notification issued by the Ministry of Environ...More
Since its launch on July 1, 2020, the number of MSMEs that have registered on the Udyam Portal has touched one crore, MSME Minister Narayan Rane told news wire PTI. The minister spoke to the news wire...More
The present monsoon session of the parliament has brought about several discussions on the state of MSMEs in the country. In response to a query raised recently on the progress of the MSME Innovative...More
When questioned in the about the government’s awareness about small businesses being forced to close due to high compliance burden, Minister of State for Commerce Som Prakash, informed the monsoon ses...More
Cellular provider Vodafone Idea recently launched ‘Ready for Next’, a programme focused exclusively on improving telecom and internet connectivity among small businesses, multiple media reports say. S...More
Prime Minister Narendra Modi on Thursday launched a slew of schemes to benefit the MSME sector, a press statement from the Prime Minister’s Office said. The schemes were launched under the umbrel...More
SaaS sales automation startup LeadSquared has announced that it has secured USD 153 Million in a Series C Funding round led by Westbridge Capital, a company statement says. Existing investors such as...More
Bengaluru-based fintech startup Mewt Account Pvt. Ltd., that operates MSME focused banking app Mewt, recently announced that it has received USD 4.6 Million in seed funding in a round led by multinati...More
Indian MSMEs have shown remarkable resilience in overcoming the crippling challenges and rabid uncertainties unleashed by the COVID-19 pandemic over the past two years, summarises a study by fintech l...More
HostBooks, a Gurugram headquartered, MSME focused fintech startup that provides automated, cloud-based accounting and compliance software for MSMEs, has announced that it has raised USD 3 Million in S...More
The high wholesale inflation currently underway in the country is straining the resources of the MSME sector, particularly for players in the textile, food processing, engineering and plastics industr...More
MSME Minister Narayan Rane recently launched the revamped Zero Defect Zero Effect (ZED) Scheme for MSMEs, multiple media reports say. First unveiled by Prime Minister Narendra Modi in 2016 as part of...More
The historic Comprehensive Economic Partnership Agreement (CEPA) signed between India and the United Arab Emirates in February this year, is expected to roll out on May 1, 2022, a report in The Indian...More
On April 3, Commerce Minister and Industry Piyush Goyal inked a Free Trade Agreement (FTA), known as the India Economic Cooperation and Trade Agreement with Australia, the first-of-its-kind major deal...More
Living up to the budget promise made earlier this year, the Ministry of Finance announced on March 30 that it has implemented the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) until...More
Your Guide to E-Invoicing and GST Compliance Financial transactions are an important part of supply chain operations. From procurement to product delivery, sustainable and digital payments have...More
Social Sustainability & Change: Empowering Businesses Together Living in a time gripped by a global pandemic can be challenging. Moreover, the impact of traditional supply chain practices and...More
5 Factors Facilitating Supply Chain Transformation The past two years have been nothing short of challenging. Considering the impact of a pandemic, global businesses have witnessed pitfalls in t...More
In a historic feat, India’s exports have crossed USD 400 Billion in FY22, for the first time ever. The ambitious target, which was set for the present fiscal year, was achieved with ten days to spare,...More
The union government has roped in several of country’s premier educational institutions, including the Indian Institute of Science (Bengaluru), the National Institute of Design (NID) the Indian Instit...More
After more than 15 years since the MSME Act came into force, the ‘backbone’ of the Indian economy - the MSME sector, is back to the policy center stage. The union government recently released a new dr...More
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