Industries are optimistic in hiring mode. SMEs are looking for skilled labor especially fitters and ITI graduates, who are in short supply. They are mostly on the lookout for fitters, tuners and machine operators including CNC machine operators, who are…
Indian Banks Slowdown Lending to SMEs Due to Interest Rates Hike
Most of the Indian banks expect disbursement of term loans to SMEs to slowdown in the coming quarters, as these SMEs have halted their expansion plans due to the hike in the interest rates. Of course, the working capital is…
Indian SMEs in a Disadvantageous Position Due to the Hike in Fuel Prices
The fuel rate hike will increase the sufferings of the small and medium sized businesses in the country because rise in prices of diesel and kerosene will increase the cost of inputs. Most of the small businesses face frequent power…
Indian MSMEs Need a More Realistic and Long-Term Policy Framework in the 12th Five Year Plan
According to the MSME Report 2011 from ISED (Institute of Small Enterprises and Development) on the growth of MSME sector in India, the MSME sector needs a more practical long-term policy framework within the 12th Five Year Plan. The report…
Advisory Desk for SMEs to Assist in Addressing Currency Risk Exposure
A separate advisory desk for Indian SMEs was inaugurated by “Alpari India” in Gujarat. Alpari India launched a separate desk for SMEs under the Gujarat Manufacturing and Technology show in “Vibrant Gujarat 2011”. This advisory desk will help the SME…
Small businesses in India to get free websites from Google
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…
Registered MSME Sector’s Size in India
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%).…