According to the survey conducted by Indiamart.com (web portal of SMEs), increasing input costs and liquidity crunch are becoming barriers for growth of SMEs, especially for those involved in apparel business. According to the survey, over 50% of the respondents…
PSU’s Opting for Local Procurement to Boost Ancillaries
Four major PSU’s of Orissa state have increased their procurement of various items of necessity from different local ancillaries. This was revealed in the Plant Level Advisory Committee Meetings (PLAC). These PSU’s are NALCO (National Aluminum Company Limited), HAL (Hindustan…
Favorable Procurement Policy for Indian SME Sector: CII
According to the CII (Confederation of Indian Industry), by the introduction of preferential procurement policy, the problems and challenges faced by Indian MSME’s, such as lack of financial and structured markets, delayed payments from large customers, low resources availability and…
Government of India to Allocate Rs.2,500 Crore Technology Upgradation Fund For MSMEs from 2012
According to the Ministry of MSMEs, the Government of India has decided to allocate Rs.2500 crore technology upgradation fund for MSME sector. This fund will be created next year when the 12th Five-Year plan starts. This fund will help the…
ICT Tools for Indian MSMEs to Increase Efficiency in the Business
It is found that the micro, small, and medium enterprises (MSMEs) in India are still shying away from using Information and Communication Technology (ICT) tools to introduce efficiencies. Most of the MSMEs like play schools, business partners, florists and many…
Poor Technology and Infrastructure are Crippling Indian MSME Clusters
According to Federation of Indian Small and Medium Enterprises (FISME), Indian Micro, Small and Medium Enterprises clusters encounter many challenges, among which lack of infrastructure and technology are the major ones. The MSMEs in India are present in different groups.…
Smart Phone is a New Tool for the Growth of Indian SMEs
Smart phones have become a new tool for Indian SMEs sector. Nearly 54% of the Indian medium enterprises having 100-999 employees were found to use smart phones for their business growth. The spending for such smart phones penetration, as per…