Internet search giant Google has revealed it will offer free websites to small and medium scale businesses across India. This move is expected to increase Internet usage in the country. It has also set a target of making five Lakh businesses online by 2014. India is home to about 870 million mobile phone users,...
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...