In India, the size of MSME sector is estimated to be 15,63,974 units. Out of all the total working enterprises present in India, the Micro Enterprises accounted to about 94.94%, followed by Small enterprises (4.89%) and Medium sized enterprises (0.17%). Of the total working enterprises there are about 67.10% of manufacturing enterprises and 32.90%...
According to the New York-based Access Markets International research, SME sector in India is planning to spend more than $2 million on ICT (Information & Communications Technology) in 2011 and this spending is estimated to grow 5 times by 2014. According to the research, the cloud based ERP (Enterprise Resource Planning) solutions are used...
The contribution and potential of the MSME sector is growing rapidly in India. MSMEs are the 2nd largest contributors to country’s economy. They can be considered as backbone to Indian economy, as they contribute to 45% of Industrial output and 40% of exports. The sector is providing employment to about 59 million persons across...
The MSMEs (Micro, Small and Medium Enterprises) are backbone to all the countries in the world. In India, MSME sector is a great contributor of manufacturing output, exports and employment. The sector accounts for about 40% on total exports and 45% of industrial output. The sector employs about 59 million persons in over 26...
The Ministry of Small and Medium Enterprises and Cooperative Development has initiated a project for the development of SMEs in the country in 2006. Accessing technology is one of the biggest challenges for many SMEs. From the past decade, technology has changed rapidly, but there is only limited adoption of technology in SMEs. According...
According to the recent relaxation of listing rules by SEBI, Indian SMEs (Small and Medium Enterprises) can disclose their financial results every six months to the Securities and Exchange Board of India (SEBI). There is no need to send full annual report to their stakeholders by the company which is listed in the SME...
A survey conducted by the India MART Knowledge services (IKS) on the SMEs of retail sector revealed that around 72% of the SMEs expected the sales growth by more than 20 percent in 2011. As per the survey, 60% of the respondents reported that market had picked up pace in 2010 and 36% reported...