The MSME sector represents over 90 percent of enterprises in most of the developing countries. MSME sector in India contributes to over 45% of country’s industrial output and 40% of direct and indirect exports. In terms of employment, it employs…
Indian MSME Sector Ownership by Social Category in 2010-11
MSMEs contribute to about 8% of the GDP of the country, about 45% of manufactured output and about 40% of exports. They are providing employment to about 59 million persons. Of the total, manufacturing enterprises are accounted about 67% and…
Decreased Business Confidence Among SMEs with Rise in RBI Interest Rates – CII
A CII survey reported that the business confidence of the small and medium enterprises (SMEs) in India declined in the April-June quarter of 2011. The reason was found to be the rise in interest rates by the Reserve Bank of…
Indian SMEs to Get Increased Lending from Banks: Crisil
The Indian SMEs are going to get increased lending from banks. Crisil, a credit rating organization, conducted a study on the funding patterns of 2,000 Indian SMEs. While the banks had been involved in lending to the SME sector, they…
Rise of Foreign Investments in the Indian SME Sector
The number of NRIs investing their investments in the Indian SME sector was found to be continuously increasing. These foreign investments were to the tune of about Rs.10 crores which is a significant number. But often, the multi-billion dollar deals…
Information Technology has Changed the Fortunes of the SMEs in India: CII Survey
CII has states that Information Technology is very helpful in bridging the gaps between MSMEs and large companies. According to the CII (Confederation of Indian Industry) survey, Information Technology had changed the fortunes of the SMEs in India. It has…
SME Pharma Exporters Oppose Mandatory Implementation of Barcoding
Indian small and medium size pharma companies account for 40% of total drug exports. SME Pharma Industries Confederation (SPIC), which has 3,000 pharma exporters, has opposed the order of Director General of Foreign Trade (DGFT), which says that there should…