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FICCI’s report on SMEs in India shows increase in tech adoption
The Federation of Indian Chambers of Commerce and Industry released its report on Small and Medium Enterprises (SMEs) in India in New Delhi. The report highlights how SMEs are adapting to the digital transformation, adopting sustainability practices and challenges.Read more
Karnataka's MSMEs struggle amidst Power Supply woes
A consistent power supply is crucial for manufacturing, and power interruptions are expected to adversely impact the state's economy as a whole.Read more
Kerala govt unveils incentives for MSMEs under Mission 1,000 initiative
As part of this initiative, the government has given the green light to the industries department's proposal, which includes a range of incentives to bolster the growth of 1,000 MSME units in the state.Read more
Kerala govt launches Comprehensive Insurance Scheme to safeguard MSMEs
As of now, Kerala is home to more than three lakh MSMEs, with around 1,40,000 entities registered under the government's Year of Enterprises initiative.Read more
ISA partners with GeM to empower MSMEs in online steel procurement
In an official statement, ISA proudly declared the signing of a Memorandum of Understanding (MoU) with GeM, with the objective of seamlessly integrating all ISA members into the GeM platform, functioning both as sellers and buyers.Read more
KCCI urges fair treatment for MSMEs in NCLT resolutions
In a letter addressed to Union Finance Minister Nirmala Sitharaman on October 7, Chamber President Ananthesh V Prabhu expressed concerns about the bleak prospects for MSMEs in recovering their dues after engaging in business with LLCs that end up before tRead more
How ESG is catalysing India's SMEs for global competitiveness
A new mandate emphasising environmental, social, and governance (ESG) compliance has surfaced, demanding India's attention if it wishes to secure its place in the international marketplace.Read more
Exporters seek government support amid global challenges
Exporters have appealed to the central government for support in ensuring affordable and readily available credit for Micro, Small, and Medium Enterprises (MSMEs) amid global challenges caused by a lack of liquidity.Read more
Auto component sector forecasts moderate growth in FY 2024
Small and medium enterprises (SMEs) in the auto component sector are anticipating a more moderate 8-10% growth in the fiscal year 2024.Read more
TReDS platforms thrive: Boosting MSMEs with rapid growth, innovation
The Trade Receivables Discounting System (TReDS) introduced by the RBI to alleviate liquidity challenges faced by MSMEs, operates as an electronic platform facilitating the financing and discounting of trade receivables for these businesses.Read more