MSMEs

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

News and Trends

Tech Giants and MSMEs: Friends or Foes In the Digital Ecosystem?

The dominance of tech giants presents both opportunities and challenges for MSMEs. While these platforms provide essential tools and global reach, their control over key digital infrastructures often creates significant barriers for smaller businesses.

Technology

"We Are Known for Bringing World-Class Technology at Indian Doorsteps": Rajoo Engineers

While all segments contribute to its success, flexible packaging stands out as the highest revenue generator, accounting for 60-63 per cent of the company's total revenue.

News and Trends

Leading Financial Inclusion for MSMEs Through Innovation and Technology: Niyogin Fintech

The conversation delved into the company's dynamic growth trajectory, innovative approaches, ambitious plans, and how it addresses the needs of underserved MSMEs

News and Trends

AI Proving Influential in Healthcare, Time to Revisit GST: Nageswaran

Nageswaran said that the country has to lot to offer in terms of budget in terms of initiatives on upskilling and job creation in AI, a technology that is proving to be influential in areas like diagnostics and general healthcare.

News and Trends

Navigating the Energy Conundrum: A Strategic Imperative for MSMEs

This financial pressure restricts MSMEs from adopting advanced technologies or scaling their operations, ultimately affecting their market position and competitiveness. In response to this pressing challenge, MSMEs can explore several strategies to enhance energy efficiency and reduce costs.

News and Trends

Navigating the Road of Taxation: MSME Edition

While steps like GST and digital tax systems have eased some burdens, MSMEs still face significant challenges in navigating India's tax regime. Simplified processes, targeted tax relief, and technological empowerment are key to unlocking their potential.

News and Trends

Spirit of Entrepreneurs: The Past and The Prospect

Entrepreneurship is a force that drives economic growth, spurs innovation, and inspires social transformation.

Finance

MSMEs Expect to Benefit From FM's New Credit Guarantee Scheme

The INR 100 crore credit guarantee scheme is expected to serve as a vital catalyst for MSME growth and resilience by enabling businesses to secure financing without traditional barriers. Industry experts agree that this program has the potential to unlock new avenues of opportunity for MSMEs, encouraging entrepreneurship, fostering local manufacturing, and contributing to the nation's export ecosystem.

News and Trends

MSMEs and Traditional Business Methods Vital to the Indian Economy: Experts

India's Micro, Small, and Medium Enterprises (MSMEs) have been fundamental to the country's economy, embodying traditional business practices that contrast sharply with the current startup model focused on fundraising and valuations, experts said at Proficorn 2024, an event focused on celebrating the contributions of MSMEs in India.

News and Trends

Trump's Triumph: A Trump Card For Indian MSMEs ?

Donald Trump's re-election may significantly impact India's micro, small, and medium enterprises (MSMEs). His stance on trade, energy, and reducing reliance on China presents opportunities and challenges.

News and Trends

Finance Ministry's New Policies to Boost MSME Funding Access by Up to INR 100 Crore

The Reserve Bank of India (RBI) recently reported a 13.3 per cent year-on-year increase in lending to micro and small enterprises, with medium-sized enterprises witnessing a 17.2 per cent growth.

News and Trends

How India's MSMEs are Driving Towards a Sustainable Future

The Green Climate Fund (GCF) recently approved $215.6 million to bolster climate action within India's MSME sector.

News and Trends

Rashi Peripherals Posts INR 11,000 Crore Revenue; Eyes Double-Digit Growth for FY25

Rashi Peripherals, achieved INR 11,000 crore in revenue for FY24 and continues to target double-digit growth. With a vast network and diversified portfolio, the company is expanding into AI, visual products, and semiconductors to drive future growth.

News and Trends

Indian Festive e-Commerce to Hit $12 Billion in 2024: Report

Shiprocket reports India's e-Commerce export market, which is currently valued at around $3-4 billion, to expand exponentially, with projections reaching $200-300 billion by 2030