Small and medium enterprises are backbone to the Indian and US economy. The contribution of SMEs to the country’s economy is increasing rapidly. SMEs play a key role in economic recovery, creating jobs and stimulating growth in both US and…
Indian SMBs getting IT Savvy
Small and midsize businesses in India are increasingly getting more familiar with utilizing information technology such as cloud computing. Coupled with this is the use of smart phones and social media. As per a recent study by Zinnoy, a management…
FDI Norms for Single-Brand Retail Business to Ease
Hit by criticism for policies that obstruct investment decisions, the government is on the way to ease FDI norms for single-brand retail sector that includes those in home furniture, foot wear etc. The condition to source 30% of the requirements…
Indian SMEs Collaborate With US Counterparts in the Field of Agriculture, IT, Healthcare
According to the Indian Government, the collaboration between Small and Medium Enterprises (SMEs) of India and US in the fields of Healthcare, IT and Agriculture, can help each other in production and marketing of their products. This collaboration will also…
Government of India Plans to Launch Helpline for SMEs
According to the Ministry of Micro, Small and Medium Enterprises (MSMEs), Government of India plans to launch a toll-free helpline for SMBs (small and medium businesses), which would offer assistance on issues like finance, taxation, marketing, laws, and other relevant…
SME Sector is Hiring People Tentatively
Industries are optimistic in hiring mode. SMEs are looking for skilled labor especially fitters and ITI graduates, who are in short supply. They are mostly on the lookout for fitters, tuners and machine operators including CNC machine operators, who are…
Indian Banks Slowdown Lending to SMEs Due to Interest Rates Hike
Most of the Indian banks expect disbursement of term loans to SMEs to slowdown in the coming quarters, as these SMEs have halted their expansion plans due to the hike in the interest rates. Of course, the working capital is…