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India's SMEs: Navigating digitalisation and sustainability challenges
A study grounded in nationwide survey encompassing over 600 Small and Medium Enterprises (SMEs) across 14 cities sheds light on the evolving landscape of digital transformation and sustainability practices within these SMEs.Read more
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
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
CDIIC, SIDBI partner to boost Coimbatore startups with Rs 2 cr funding
The Codissia Defence Innovation and Atal Incubation Centre (CDIIC) has entered into a funding agreement with the Small Industries Development Bank of India (SIDBI) to support startups incubated at its Coimbatore facility.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
Indian Ministry focuses on empowering MSMEs through skill development
This transformation involves incentivising skills training for micro, small, and medium enterprises and offering customized courses to meet the demand for skilled workers within small businesses.Read more
Jindal's Stainless Steel Park in Odisha set to attract Rs 10,000 cr Investments, 20,000 jobs
In December of the previous year, Odisha Chief Minister Naveen Patnaik ceremoniously laid the foundation stone for this groundbreaking project.Read more
Tata Power Solar, SIDBI sign MoU to offer easy financing to MSMEs for solar adoption
MoU signed in the presence of Union Minister of State for Finance, Dr Bhagwat Karad at the Global SME Finance Forum 2023, Mumbai.Read more
SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more