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Will revised MSME classification solve their funding puzzle?

Only 14 per cent of credit needs of Micro, Small and Medium Enterprises (MSMEs) - the backbone of India's economy - are met through formal channels. The revised MSME classification may mark a pivotal shift in how India supports and enables its small business ecosystem, says Rakesh RaoRead more

Will the US tariff war add to MSMEs’ funding woes?

While Micro, Small and Medium Enterprises (MSMEs) continue to face barriers in accessing funds (due to high collateral norms, lack of credit history, slow approvals, etc), the new tariff war could add to their financial woes, says Rakesh Rao.Read more

India is a key strategic market for Hexagon: Jason Walker

In this interaction with Rakesh Rao, Jason Walker, VP, General Manufacturing Practice Lead, Hexagon, sheds light on the factories of the future and importance of India for Hexagon.Read more

Roadmap to digital transformation for Indian SMEs

India’s SME manufacturing sector is at a crossroads, poised to embrace digital transformation, sustainable practices, and innovation. However, challenges like legacy systems and skilled labour shortages remain as barriers to growth.Read more

Embracing Digital Transformation

India’s SME manufacturing sector is at a crossroads, poised to embrace digital transformation, sustainable practices, and innovation. However, challenges like legacy systems and skilled labour shortages remain as barriers to growth.Read more

MSMEs in 2024: Key policy announcements that shaped the sector

Companies with turnover above Rs 2.5 billion and all central public sector enterprises (CPSEs) were required to join the TReDS platform by March 2025 to enhance payment cycles.Read more

Russia open to manufacturing in India: Putin shows interest

Putin commended India's 'India-first' policy and lauded the Indian government's efforts in fostering stable conditions for economic growth.Read more

RAHSTA Expo 2024 concludes to a grand success

Smart Manufacturing & Enterprises (SME) and Equipment India (EI) host construction equipment (CE) industry leaders to discuss the future of CE industry. The 10th India Construction Festival (ICF) 2024 awards over 75 companies from infrastructure industry. Read more

Bright future for manufacturing as ‘Make in India’ marks 10 years: Piyush Goyal

Other sectors like steel, cement, and textiles have seen massive investments, contributing to the overall growth of India’s manufacturing capacity.Read more

India's new machinery safety rules to affect over 150,000 manufacturers

The MSME sector, which contributes about 30% of India's GDP and over 45% of exports, is voicing concerns and seeking an extension of the deadline.Read more

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