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Government proposes framework for revival of sick MSMEs

Business Standard, 22 March 2015

Government has proposed a draft framework to help the micro, small and medium enterprises tide over financial difficulties, including by providing them easier credit facilities from banks. The MSME Ministry has sought comments within 15 days on the draft framework, titled 'Udyog Bandhu' (Friend of the Industry), for revival of distressed micro, small and medium enterprises. The objective of the draft framework is to help MSMEs seek standard as well as customized relief and concession to tide over difficult financial times. Besides, it seeks to provide an easier and expeditious procedure for the benefit of promoters and guarantors to unlock the potential of asset and job creation.

Andhra Pradesh: State mulls declassification of forest land for SMEs

The Hindu, 18 March 2015

Small and Medium Enterprises (SMEs), which cannot shell out huge sums for acquiring land, may get a reprieve, with the Andhra Pradesh Industrial Infrastructure Corporation requesting the government to declassify nearly 2500 acres of forest land in Agiripalli and Mylavaram mandals of Krishna district for developing industrial estates. Establishing their units in these upland areas will substantially bring down the capital cost for SMEs, which cannot afford to spend huge sums on land. It is also a good opportunity for SMEs, which are finding it difficult to purchase land around Vijayawada and Guntur owing to exorbitant prices. If the APIIC’s request is accepted, SMEs can set up units at relatively less costs in those locations.

Indian SMEs getting green guidance from Europe

Business Standard, 16 March 2015

Experts from the UK and other European nations are on a mission to introduce green and lean initiatives in Indian small and medium-sized enterprises. As part of a Rs 5.5 crore project funded by Kolkata's Jadavpur University and UK's Aston University, international experts in operations management are sharing best practices in the supply and value chain. The idea is to improve small and medium-sized enterprises performance by implementing a green supply chain management model which is based on sustainablity. This will reduce wastes and costs, improve performance with minimal or no damage to the environment.

Timely availability of loan for MSMEs in Jharkhand and Gujarat

Business Standard, 12 March 2015

The Reserve Bank of India (RBI) has issued detailed guidelines to all scheduled commercial banks on lending to micro, small and medium enterprises sector which, inter alia, provide for a time frame for disposal of loan applications, loan limit for dispensing the collateral requirement and sub-targets for micro enterprises within the MSE lending. Following the recommendations of the Prime Minister's Task Force on MSMEs (2010), the RBI has advised the banks, to achieve a 20 per cent year-on-year growth in credit to micro and small enterprises, to allocate 60% of the MSE advances to the micro enterprises and to ensure 10% annual growth in number of micro enterprise accounts.

Microsoft launches Cloud Solution Providers for greater SME adoption

The Economic Times, 10 March 2015

To accelerate the pace of cloud adoption among Small and Medium Business (SMB) units in the country, Microsoft India launched its new cloud adoption program for small and medium businesses (SMBs) in India under the Cloud Solution Providers (CSP) model. With this model SMBs can now adopt value-added solutions and offerings supporting their specific requirements on the cloud through CSPs. Cloud Solution Providers are partners who build solutions leveraging Microsoft cloud for SMBs across the country on a pay-as-you-go model.

Government allocation to MSME sector highest in 3 years

The Hindu, 9 March 2015

Government has earmarked over Rs 3300 crore this fiscal, the highest allocation in the last three financial years, to develop the MSME sector and is implementing a special programme to develop its infrastructure, Lok Sabha was informed. Noting that MSMEs accounted for over 37 per cent of the GDP and over 42 per cent of total exports, MSME Minister Mr Kalraj Mishra said the sector was facing constraints in accessing credit facilities.

World Bank boost to MSME sector; $500 million loan to MSME growth innovation project

The Times of India, 2 March 2015

The World Bank on Monday approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for MSMEs working in the manufacturing and services sector at an early stage. In India, MSMEs account for more than 80 percent of total industrial enterprises, produce over 8000 value-added products and employ an estimated 60 million people. It contributes around 45 per cent to manufacturing output and about 40 per cent to exports, both directly and indirectly. In addition, over 50 per cent of MSMEs are rural enterprises and widely distributed across low-income states making them an important sector for promoting economic growth and poverty reduction.

Gujarat focuses on MSMEs; to have dedicated plots in GIDCs

Business Standard, 25 February 2015

While investments intentions of a whopping Rs 25 lakh crore has flown into Gujarat, the state government has not lost its focus on micro-small and medium enterprises. With the chief minister announcing an SME Cell in every district, and more than 17,000 MSMEs pledging investments in the state, the Gujarat Industrial Development Corporation (GIDC) has now drawn up plans to accommodate these companies in the existing industrial estates. The idea is to build multi-storeyed buildings on vacant plots in existing GIDCs to house these companies. For that matter, the GIDC has The Gujarat has drawn up plans to start work on at least 10 to 15 projects that would house small scale industrial units in its existing estates.

Exploring renewable energy for agriculture, MSMEs

The Hindu, 23 January 2015

When it comes to power shortage, farmers are among the worst-hit. Yet, the agricultural sector has inched very little towards the use of renewable energy in Vellore, mainly due to lack of models and high initial investment, according to experts. As per a survey, at least 37 per cent electricity connection goes for farming in Vellore taluk, but farmers are among the first to be affected when there is power cut for six to eight hours a day as water supply gets hit, Dr R Natarajan, director, Carbon Dioxide Research and Green Technology Centre, VIT University said. In the absence of any models to take renewable energy to agriculture, micro and small industries, experts have come together to evolve a mechanism to explore the opportunities. A project — Renewable Energy Harvesting and Effective Utilisation in Agriculture and Engineering Industry (Micro and Small Enterprises) 2015 — will look at coming up with models and studying scope and feasibility in this area in Vellore.

CII, Alibaba tie up to provide global platform to Indian SMEs
The Hindu Business Line, 20 January 2015

To facilitate greater economic engagement between Indian and Chinese SMEs, Confederation of Indian Industry has signed an MOU with China’s e-commerce giant Alibaba to build business-to-business linkages through global online platform. Alibaba.com and CII will collaborate and develop various trade opportunities and online promotions to facilitate greater economic engagement between Indian and Chinese small and medium enterprises.

MSMEs innovate most in food products, rubber and plastics: survey

Mint, 23 December 2014

Most of the innovation in the Indian micro, small and medium enterprises (MSMEs) sector is taking place in rubber and plastics and manufacturing of food products, says the Indian National Innovation Survey released by the department of science and technology on Monday. More than a third of the firms in the overall sample of firms surveyed are found to be innovative, it says. The report is based on a survey of 9,001 firms, largely MSMEs, spread across 26 states and five Union Territories across various industrial sectors in the country. As many as 70% of firms have innovations in the form of introducing new machines. This is followed by quality and standards-related activities (40% of the firms) and product and process innovations (32% and 34% of firms, respectively).

SMEs embrace cloud computing to boost efficiency

Business Standard, 22 December 2014

To drive efficiencies in a cost-effective manner, small and medium enterprises (SMEs) are embracing the cloud to build, test and run critical applications. With the cloud, they are also scaling up infrastructure as and when needed with the click of a mouse. To facilitate adoption of the cloud among SMEs, Microsoft recently started offering Azure (an open and flexible cloud platform that offers a collection of complimentary services like computing, storage, data, networking and apps) via the open licensing model in India. Office 365 has already been available via open licensing.

Odisha: Separate infra body for MSMEs

The Times of India, 12 December 2014

To provide infrastructure to micro, small and medium enterprises (MSMEs) in a timebound and transparent manner, the state government has decided to develop a separate entity in line with Idco. The new entity would be known as MSMEIdco. Odisha Small Industries Corporation Limited (OSIC) has been entrusted with kickstarting process for creating MSMEIdco.

Google launches free app for Indian SMEs

The Financial Express, 4 December 2014

Google on Wednesday announced the launch of a free app for small and medium enterprises in India, ‘Google My Business’. According to the company, the app is a simple and easy-to-use product that will help small medium businesses to create an online presence as more consumers go online. The product will work across desktop and mobile devices (tablets and smart phones), helping SMEs to create and update their business information across other Google products like Search, Maps and Google+. The companies can manage details and information from their smartphones, making it easier for customers to get in touch with local businesses when they search online. Google will also offer free support to help set up their presence online.

Uttar Pradesh to promote women entrepreneurs

Business Standard, 1 December 2014

The micro, small and medium enterprise (MSME) sector, which is a source of self-employment with low levels of capital, is believed to provide one of the quickest routes to correcting imbalances in a developing society. Since women form almost 50 per cent of the population, this segment cannot be neglected if socio-economic challenges are to be addressed. Thinking along these lines, the Uttar Pradesh government has started the Women Entrepreneurship Promotion Scheme 2014-15 to empower women and ensure their participation in the process of industrialisation.

MSME ministry to set up 500 incubation centres

Business Standard, 30 November 2014

In a bid to boost skill development and entrepreneurship, especially among the unemployed, the Ministry of Micro, Small and Medium Enterprises (MSME) is planning to set up 500 innovation centres and 18 tools rooms at cluster level and university levels. The ministry's focus will be on skill development among existing entrepreneurs and development of entrepreneurship among unemployed youth.

UNDP to aid energy efficiency programme

Business Standard, 27 October 2014

The United Nations Development Programme (UNDP) is implementing a project by which India's steel re-rolling mills can use advanced energy-efficient technologies called second generation (SG) technologies for energy conservation, according to Knowledge News Network, a media platform that focuses on the Indian micro, small and medium enterprise (MSME) sector. The project is a part of the programme, 'Upscaling energy-efficient production in the small-scale steel industry in India', being implemented with support from Australian Aid and the Union ministry of steel. UNDP has identified five SG technologies in selected steel re-rolling mills in India for energy conservation and will support their adoption.

Small players produce fly ash bricks

Business Standard, 20 October 2014

The slowdown in the realty sector owing to tepid demand has hurt suppliers of construction material but small entrepreneurs manufacturing fly ash-based bricks have their hands full. Fly ash, which is a residue generated in the combustion of coal at thermal power plants, is available in plenty. Bricks made out of fly ash are more cost-effective than conventional red clay bricks. They have been used extensively in the Delhi Metro Rail project.

New MSME policy to roll out in 30 days

Business Standard, 6 October 2014

The Central government proposes to roll out the new policy for the micro, small and medium enterprise (MSME) sector in the next 30 days, according to Mr Kalraj Mishra, the Union minister for MSMEs. Until now the sector has been governed by the industrial policy in force, and does not have a policy of its own. As per stipulation of the new policy, the general procedures as well as procurement procedures would be vastly simplified and all clearances for setting up of micro and small businesses would be accorded online within a fixed period of 15 days.

Uttarakhand finalizes new policy for MSMEs

Business Standard, 30 September 2014

A three-member committee headed by Uttarakhand medium, small and micro enterprises (MSME) Minister has finalized the draft of the new MSME policy to give boost to small units, offering a series of sops to over 40,000 such enterprises in the state and attracting new ones. The draft was finalized following a meeting of the committee at the Vidhan Sabha after incorporating suggestions from various chambers of business. Under the new policy, the government will focus on preparing a land bank for MSMEs and provide land to them for setting up units at reasonable prices.

CII sets up online finance centre for SMEs in Himachal

Business Standard, 30 September 2014

The Confederation of Indian Industry (CII) has started an Online Finance Facilitation Centre in Himachal Pradesh to provide advisory and credit facilitation support to small and medium enterprises (SMEs). The centre will operate as a one-stop shop, aggregating financing options from various major financial institutions. The centre is designed to match SMEs' funding demands with banks and financial institutions. SME members across India can approach the centre through an online interface for their credit requirement

Industrial bodies plan SMEs' tie-up with Japanese companies

The Times of India, 25 September 2014

The Maharashtra Chamber of Commerce, Industry & Agriculture (MCCIA) and the Nashik Industries & Manufacturers' Association (NIMA) are planning collaboration of small and medium enterprises (SMEs) with Japanese companies in view of the recent announcement by Japan to invest 3.5 trillion Yen (Rs 2,10,000 crore) in India over the next five years. They have also decided to appoint consultants to facilitate the collaborations between Indian and Japanese companies. They are planning to demand the state government to create one-window system for various clearances required for the industries, the industrial bodies said here during a seminar organized to inform the industries about the visit of the Prime Minister Mr Narendra Modi to Japan.

Centre's new scheme likely to benefit SMEs

Business Standard, 22 September 2014

The scheme announced by the Central government recently to enhance competitiveness in the Indian capital goods sector for development of specified technologies is likely to benefit small and medium enterprises (SMEs) in the country. The Union cabinet has made a budgetary provision of Rs 581.22 crore for the scheme. The scheme aims to make the Indian capital goods sector more competitive through development and acquisition of latest technologies, and the setting up of infrastructure facilities like common engineering facility centres, sector-specific integrated industrial facility centres and test and certification centres.

Centre set to unveil new policy for MSME sector

The Hindu Business Line, 21 September 2014

The Centre is likely to bring in a new micro, small and medium enterprise (MSMEs) policy over the next three-four months. According to Union MSME Minister Kalraj Mishra, the policy will look to clear grey areas in the definition of MSMEs. It will also facilitate online clearances for setting up small businesses.

90% SMEs in India look to cloud solutions for efficiency

Business Standard, 15 September 2014

Indian small and medium enterprises (SMEs) are looking to the cloud, analytics and mobile solutions to improve operations and become more efficient, according to a new research report by Circle Research, according to a press release issued by enterprise application software company SAP, which sponsored the research. The rising ambitions of SMEs and the expectations of the market itself are forcing them to completely reconsider traditional business models and adopt cutting edge technologies like cloud, according to the research study, which is based on interviews with 800 senior decision makers in SMEs with up to 1,000 people.

1556 industrial units to come up in Nashik

The Times of India, 14 September 2014

As many as 1556 micro, small and medium enterprises (MSMEs) have got permission to set up units that are expected to provide employment to 27,487 people in Nashik district. The total investment is expected to be around Rs 621.50 crore. The MSMEs have obtained EM-1 (Entrepreneurs Memorandum part-1) certificates from the District Industries Centre of Nashik in the last financial year (April 2013). These units will have to obtain EM-2 certificates once they start operations.

Odisha launches MSME Fund for small, medium unit development

Business Standard, 10 September 2014

To promote micro, small and medium industries in the state, the Odisha government has launched a Venture Capital Fund worth Rs 100 crore. An MoU was signed for the purpose between Odisha government's MSME department and GVFL, Ahmedabad. the 'Odisha MSME Fund' would provide marketing and infrastructural developmental support to MSMEs in Odisha. Registration work would complete within six months.

Shift in focus towards social sector, SMEs a welcome move: Panel

Business Standard, 25 August 2014

There has been a gradual shift in the Gujarat government's focus on issues relating to social indicators, skill development and small and medium enterprises (SMEs), according to a panel of experts at the Business Standard Gujarat Round Table Conference 2014. The discussion on "Gujarat under new leadership", saw a panel of industrialists, business consultants, entrepreneurs and academicians, debating on issues such as, probable shift in growth focus for the new team at the helm of the government, increased focus on a SME sector, labour and skill development challenges, among others.

CII to push for energy audits of industrial units

Business Standard, 25 August 2014

The fact that India is an energy-deficit state is no secret, since capacity additions have not been able to keep pace with the burgeoning demand for electricity from different sectors. While supply-side constraints have to be primarily managed by the government, industry wants to chip in with demand-side management and energy conservation, to cut consumption. The Confederation of Indian Industry (CII) wants to give a vigorous push to the concept of 'energy audits' of industrial units and buildings to make them energy-efficient through judicious and optimum usage of electricity. Almost 80 per cent of CII members belong to the micro, small and medium enterprises (MSME) sector.

Online registration of micro, small units soon in all States: Ministry

The Hindu Business Line, 22 August 2014

To simplify the process of setting up new enterprises, all States will have an online registration system for MSMEs in the next two months, Mr Madhav Lal, Secretary, Medium, Small and Micro Enterprises Ministry said. There will be a single registration form, as opposed to eight regulatory forms and six other forms related to tax, pollution certification, etc, that aspiring entrepreneurs need to fill in at present, the Ministry said at the first meeting of State MSME Ministers and Secretaries since the central government took over.

Textile MSMEs in North and South India spur sector growth

Business Standard, 18 August 2014

CRISIL has studied the growth performance of 774 micro, small, and medium enterprises (MSMEs) rated by it in the textile sector. Their performance was analysed for the three-year period 2010-11 to 2012-13 (refers to the financial year, April 1 to March 31). The study indicates that the average sales of the sampled enterprises grew at a compound annual growth rate (CAGR) of 19 per cent, from Rs 1,271.89 lakh to Rs 1,809.81 lakh over the three-year analysis period. MSMEs in northern and southern India outpaced their peers in eastern and western India in sales growth, with a CAGR of 21 per cent. The key contributors to North India's growth story were MSMEs from Haryana, Punjab, and Uttar Pradesh, all with a CAGR of 23 per cent, while enterprises from the states of Karnataka, Andhra Pradesh and Tamil Nadu spurred sales growth in South India with a CAGR of 23 per cent, 22 per cent, and 19 per cent respectively.

Skill development centre comes up in Udaipur

Business Standard, 18 August 2014

With the view to provide employment opportunities in Rajasthan, India's first skill development centre has come up in Udaipur, and was inaugurated by state Chief Minister Ms Vasundhara Raje, according to a post on the web site of the Federation of Indian Micro, Small and Medium Enterprises (FISME). The centre, which has been set up under the Livelihood Skill Project, was inaugurated by state Chief Minister Ms Vasundhara Raje.

Govt proposes single labour law for MSME sector

Business Standard, 13 August 2014

There is a proposal for a single labour law for the entire micro, small and medium (MSME) sector to enhance its competitiveness and improve work culture. The ministry of labour is preparing single law by merging all other existing labour laws regulating the sector in consultation with the MSME ministry. According to official sources, MSMEs contribute eight per cent of the country’s GDP, 45 per cent of the manufactured output and 40 per cent of its exports. However, the MSME sector is labour-intensive and highly disorganised, and different labour laws prevalent in different states have made the sector more scattered and difficult to regulate.

Sidbi associate firm to help MSMEs save energy

Business Standard, 11 August 2014

India SME Technology Services Ltd (ISTSL), an associate firm of Small Industries Development Bank of India (Sidbi), is implementing a solution to improve energy efficiency in the MSME sector. The move is expected to benefit about 3,000 MSMEs in the next three years. "SIDBI has initiated a 4E Solutions Product aimed at improving energy efficiency in MSMEs," according to a Sidbi press note issued and quoted by a post on the web site of the Federation of Indian Micro, Small and Medium Enterprises (FISME).

MSME Ministry, Samsung to set up technical schools across country

The Hindu Business Line, 4 August 2014

The Ministry of Micro, Small & Medium Enterprises (MSME) and South Korean electronics major Samsung announced a partnership to set up technical schools across the country. To begin with, 10 such schools will be set up in Delhi, Ahmedabad, Aurangabad, Bhubaneswar, Chennai, Hyderabad, Kolkata, Ludhiana, Mumbai and Varanasi, according to the memorandum of understanding (MoU) signed in the Capital recently.

'Brand Rajkot' to give fillip to SME sector

Business Standard, 4 August 2014

The Rajkot Engineering Association (REA) is working on building 'Brand Rajkot' to ensure that small and medium enterprises (SMEs) reap benefits out of it. As part of this effort, the REA will organise an international trade exhibition in the city to allow SMEs to showcase and market their products. To promote 'Brand Rajkot,' REA will invite national and international delegations to participate in the exhibition to be organised in November this year. Top officials of auto, plastics, machine tools, submersible pumps and other sectors are expected to participate in the exhibition.

MSME Ministry to re-launch modified SFURTI scheme soon

Business Standard, 1 August 2014

The MSME Ministry will soon re-launch the modified Scheme of Fund for Regeneration of Traditional Industries (SFURTI) in order to give a fillip to the Khadi and coir sectors. The government launched the SFURTI scheme for development of around 100 clusters from khadi, village and coir sectors with a total plan outlay of Rs 97.25 crore. The Scheme envisages need-based assistance for replacement of production equipment, setting up of common facility centres, product development, quality improvement, improved marketing, training and capacity building.

Jharkhand auto cluster to build waste disposal plant

Business Standard, 7 July 2014

The Adityapur Auto Cluster (AAC), which is engaged in development of industrial infrastructure, has announced plans to build a hazardous waste management facility based on a public-private-partnership model, according to a report posted on the website of the Federation of Indian Micro, Small and Medium Enterprises (FISME). The project will cater to more than 800 active industrial units in the Adityapur Industrial Area, and a facility of around 18,000 metric tons per annum capacity to treat hazardous solid wastes will be set up in three phases.

TiE to help four start-ups to become billion-dollar firms

Business Standard, 7 July 2014

The Indus Entrepreneurs (or TiE), a not-for-profit organisation that has its origins in California and has some senior industry veterans as its members, will choose four start-ups from Tamil Nadu, that have been founded in the last five years, and will hand-hold them, arrange finance and create an entire eco-system so that each can grow into a billion-dollar company. These companies will be selected after a stringent process by a panel and will be showcased at the upcoming TiECON, the flagship conference of TiE Chennai.

Registered MSMEs attract strong clients

Business Standard, 7 July 2014

CRISIL has studied the client profiles of 21,145 micro, small, and medium enterprises (MSMEs) which it rated from January 2011 to May 2014. The study indicates that large corporations and international organisations - typically the strongest customers for MSMEs - find greater comfort in dealing with registered as opposed to unregistered MSMEs. Of the sample studied, public limited companies had the maximum number of corporate and overseas clients, at 36 per cent for publicly-held and 28 per cent for closely-held companies. CRISIL believes that this is due to their higher levels of governance and transparency as compared to unregistered MSMEs.

Centre wants MSME Act to be implemented in Chandigarh

Business Standard, 1 July 2014

Home Affairs ministry's communique to the Chandigarh administration on the Micro, Small and Medium Enterprise Development Act could help small outfits switch gears to new business models. The implementation of the act would help the SMEs to diversify to new business models. Despite a good location and infrastructure, the industry sector in Chandigarh has clocked lackluster growth over the years.

Big potential for SME partnerships between India and Gulf region

Business Standard, 30 June 2014

Traditionally, India enjoys cordial relations and cooperation with the Gulf Cooperation Council (GCC) that includes Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, Oman and Yemen. The GCC-India bilateral trade has increased from $145 billion in 2011-12 to $158 billion in 2012-13, reflecting a growth of nine per cent. While the region's substantial oil and gas reserves are vital for India's energy needs, it also offers Indian MSMEs compelling business opportunities in sectors like agriculture and food processing, real estate development, energy, petrochemicals and infrastructure - particularly ports, airports, railways, road transport and highways - according to an article in a recent issue of the CII publication MSME Business.

Tamil Nadu govt launches projects worth Rs 75 crore

Business Standard, 30 June 2014

In a move to boost the micro, small and medium enterprise (MSME) sector, Tamil Nadu Chief Minister inaugurated the new corporate office of the Small Industries Development Corporation Ltd at Guindy Industrial Estate in the city at a cost of Rs 54.50 crore, and projects worth a further Rs 21.4 crore. The new Sidco office houses a modern training complex for an entrepreneurship development institute and new or additional buildings for 12 district industries centres.

Easier loan norms, single-window clearance for MSMEs on anvil

Financial Chronicle, 25 June 2014

The government is working on simplifying procedures related to obtain loans, raw material, marketing, labour laws, and acquiring approvals through a single-window clearance mechanism to encourage participation of small entrepreneurs in the MSME sector. On the issue of revising the definition of micro, small and medium enterprises (MSMEs) so that they can adapt to the dynamic economic scenario, the Union MSME Minister Mr Kalraj Mishra said that the need has been felt to increase the limit of capital investment by various stakeholders and the Government will hold discussions to ascertain the new investment limit.

Rising input prices shrink Rajkot SMEs' profit margins

Business Standard, 23 June 2014

Small and medium enterprises (SMEs) based in Rajkot have witnessed reduction in profit margins as prices of raw materials have increased consistently in the last six months. In the last six months, the price of pig iron has increased from Rs 26,000 to Rs 34,000 per tonne, while the cost of steel scrap has gone up from Rs 38,000 to Rs 43,000 per tonne. Over and above this, the prices of fuel and labour have risen nearly 10 per cent in the current calendar year.

New policy for MSME sector soon, says Kalraj Mishra

Indian Express, 22 June 2014

To improve the condition of micro, small and medium enterprises (MSMEs), the government is working on simplifying processes to facilitate such entrepreneurs and a separate policy for this sector is under development. Union MSME Minister Mr Kalraj Mishra said that the MSME ministry is encouraging small entrepreneurs by which they can stand strongly.

Technology upgrade by SMEs can add $770 billion to global economy

The Hindu Business Line, 17 June 2014

In the small and medium enterprise (SME) space in India, a moderate upgrade in the use of technology can not only grow these businesses faster but also create a huge number of jobs. This has been found in a recent study done on the global SME sector for Microsoft by the Boston Consulting Group (BCS). It found that in the SME sector 40 per cent of the businesses embrace latest technology, including the use of cloud services. These were termed “leaders”. Next came the “followers”, another 40 per cent. These had an online presence, a domain name and a web presence, but none of them uses cloud services. Of the remaining 20 per cent, classified “laggards”, very few had a domain name and no web presence for their companies. They might be using a computer but for accounting or other purposes.

Rice bran oil units upbeat over surging demand

Business Standard, 16 June 2014

India's rice bran oil extraction units, dominated by SMEs, have reason to smile. Increase in domestic demand and the government decisions, taken last year, to remove the quantitative ceiling of 20,000 tonnes on export of branded consumer packs of up to five kg of edible bran oil, have combined to boost the industry's prospects. Rice bran oil is exported to the United States, Australia, Sri Lanka and China, among other countries. India has around 200 rice bran oil extraction units spread across Punjab, Haryana, Uttar Pradesh and Andhra Pradesh, of which 150-160 are crude rice bran oil extraction units. The rest are refined rice bran oil producers. The country produces around 900,000 tonnes of crude rice bran oil annually, of which 300,000 tonnes is consumed as edible oil, while the rest is used by the vanaspati industry or is blended with other oils. Five years ago, India's total installed capacity was only 300,000 tonnes.

CII sets up finance facilitation centre

Business Standard, 16 June 2014

To facilitate access to finance and credit for SMEs, the Confederation of Indian Industry (CII) on Monday set up an Online Finance Facilitation Centre for SMEs, with the aim of providing advisory and credit facilitation support to SMEs, according to a CII release. The centre will operate as a one-stop shop, aggregating financing options from various major financial institutions. SME members across India can approach the centre for their credit requirements through an online interface, and the centre will facilitate the documentation and preparation of bankable project proposals.

BEE to promote energy efficiency in SME sector

Business Standard, 19 May 2014

The Bureau of Energy Efficiency is going ahead with urgency now about its on GEF-Unido funded project for improving energy efficiency in the SME sector. BEE is appointing a project coordinator and engineer for the project, according to a news report posted on the website of the Federation of Indian Micro, Small and Medium Enterprises (FISME). United Nations Industrial Development Organisation (UNIDO) with support from the Global Environment Facility (GEF) had initiated a project in September 2011, titled 'Promoting energy efficiency and renewable energy in selected MSME clusters in India' in collaboration with BEE, the ministry of MSME (MoMSME) and the ministry of new and renewable energy (MNRE).

TN unveils new plans to boost entrepreneurship

Business Standard, 19 May 2014

The micro, small and medium enterprise (MSME) sector is the second largest employer in Tamil Nadu. To give this sector a boost, the state government has launched initiatives that have helped it attract more entrepreneurs, even compared to Gujarat — held out as a model state in terms of industrial development. According to state government data, there are around 36,996 industrial units in Tamil Nadu, compared to 22,220 in Gujarat. There are around 1.6 million industrial workers in Tamil Nadu, while Gujarat has only 1 million.

Industrial power tariff hike adds to Punjab SMEs' woes

Business Standard, 6 May 2013

The increase in power tariff in Punjab announced by the state's power regulator and made applicable from last month will hit over 172,000 small and medium enterprises (SMEs) in the state. Already, perturbed over the slowdown and unscheduled power cuts, SMEs feel that the increase in power tariff will further hurt them.

UP SMEs looking to tap solar energy

Business Standard, 5 May 2013

The Small and Medium Enterprises (SME) in Uttar Pradesh are looking at tapping solar energy to deal with persistent power cuts and insulate against rising electricity tariffs. The 30% central subsidy provided on solar power installations has only added to the attractiveness of the proposition. After subsidy, a typical solar power system costs about Rs 1.40 lakh per kw capacity, although the final price largely depends upon the battery strength.

Rubber industry body wants tech upgradation fund

The Hindu Business Line, 4 May 2013

The rubber industry has sought a technology upgradation fund — on the lines of the textiles sector — to stand up to growing competition, mainly from China. At a two-day National Rubber Conference here, the Rs 60,000-crore sector, which accounts for a large number of micro, small and medium enterprises, has sought the incentive as some units had started shunning manufacturing in favour of rubber trading.

USD 4mn project launched to promote clean energy among SMEs

The Economic Times, 3 May 2013

The MSME Ministry today launched a USD 4-million project in association with Global Environment Facility to promote energy efficiency and renewable energy among small and medium enterprises. Of the total funding, the ministry will provide USD 3 million and grant of USD 1 million will come from the GEF for a period of three years to help small units to use clean energy and become energy efficient. The key activities of the Cleantech programme include mentoring and training, linking of value chain, technological transfer and upgradation, access to capital and scaling up

MSME units in Tamil Nadu trebled in last 10 years

Business Standard, 29 April 2013

The number of micro, small and medium enterprises (MSMEs) in Tamil Nadu has more than trebled since 2003-04 - from 25,794 units representing an investment of only Rs 722.16 crore, to 83,348 enterprises as of February 28 this year, with investment soaring to Rs 8751.54 crore. According to the Fourth All India Census of MSMEs (2006-07), Tamil Nadu accounts for 14.95 per cent of the total number of operational MSMEs in India.

Government sets up committee to boost exports from MSMEs

Business Standard, 28 April 2013

Worried over widening trade gap, the government has set up a six-member inter-ministerial committee under the chairmanship of Finance Secretary Mr R S Gujral that will suggest measures to boost MSME exports. Micro, Small and Medium Enterprises (MSME) sector contributes about 40% in the country's total exports and over 8% to India's Gross Domestic Product.

Assocham for creation of Rs 1000-crore SME fund in Uttarakhand

The Economic Times, 25 April 2013

Expressing concern over the state of small and medium enterprises (SMEs) in Uttarakhand, industry body Assocham sought creation of Rs 1000-crore fund for the development of such units in the hill state. Twenty five per cent of small and medium enterprises in Uttarakhand have shut shop due to absence of proper incentives from the government, Assocham Secretary General Mr D S Rawat said in his address to the SME's Conference on Banking and Financial Solutions for Sustainable Growth.

Rs 5500-crore India Innovation Fund by June

The Economic Times, 14 April 2013

The proposed Rs 5500-crore India Inclusive Innovation Fund, focusing on generating employment and supporting livelihoods across the country through innovative enterprises, is expected to be in place by June. The Ministry of Micro, Small and Medium Enterprises (MSME) is working on the fund, which will help Indian enterprises in building innovative solutions for developmental challenges.

Tamil Nadu doubles funding for new entrepreneurship scheme

Business Standard, 8 April 2013

In a move to boost entrepreneurship in the state, the Tamil Nadu government has allocated Rs 100 crore to the New Entrepreneur Cum Enterprise Development (NEED) Scheme, which was introduced in 2012-13. The allocation in 2013-14 is almost double what it was last year.

Registered MSMEs up by 19% in FY12

Business Standard, 16 September 2013

The total number of registered micro, small and medium enterprises (MSMEs) rose by 19 per cent in 2011-12, according to the ministry of MSME's annual report for 2012-13. The gross output of these enterprises increased by around seven per cent in 2011-12, and rural areas continue to be the largest contributor in terms of both employment and output. The annual report shows that there has been a consistent rate of growth of more than 10 per cent in the number of registered MSMEs every year until 2010-11, while in 2011-12 the growth rate surged to 19 per cent, which is around twice of the growth rate recorded for previous years.

Madras Stock Exchange to offer platform for MSMEs

Business Standard, 16 September 2013

The 76-year-old Madras Stock Exchange (MSE) will soon be "reborn" with a new trading platform, which will focus on micro, small and medium enterprises (MSME). It will help them not only to raise capital, but also with regulatory compliances.

Resilient MSMEs in small cities face growth moderation

Business Standard, 16 September 2013

CRISIL has analyzed the sales performance of 8,500 micro, small, and medium enterprises (MSMEs) from 2009-10 to 2011-12 (refers to financial year, April 1 to March 31). The analysis reveals that the sales of enterprises in non-metropolitan cities registered steep growth of 22 per cent in 2010-11. However, the growth trajectory got moderated in the subsequent year, 2011-12, to 15.1 per cent. Comparatively, sales of MSMEs in the 8 metropolitan cities of Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad, Ahmedabad and Pune grew by 5.4 per cent in 2010-11. They registered growth of 9.6 percent in the following year, 2011-12.

Karnataka Vikas Grameena Bank to launch MSME credit campaign from September 15

The Times of India, 12 September 2013

Karnataka Vikas Grameena Bank is organizing MSME credit campaign at all 525 branches of the bank during the week from September 15 to 21 by conducting series of grama sabhas - a minimum of four gram sabhas by each branch at different places within their area of operation so as to create awareness and popularize MSME projects and MSME finance.

NSIC signs pact with Mauritius-based SMEDA for tech transfer

The Times of India, 2 September 2013

National Small Industries Corporation on Monday signed an agreement with Mauritius-based Small and Medium Enterprise Development Authority (SMEDA) to cooperate in areas of technology transfer, marketing and finance, besides training exchange programmes. Under the agreement, NSIC would promote a conducive business environment and empower SMEs to emerge and provide a service delivery network.

New scheme for SME

Business Standard, 30 August 2013

The Bihar state government has approved a new scheme for small and medium enterprises (SME). Under this scheme, the government will provide financial and managerial help to such entrepreneurs. Under this scheme, the state government has also decided to set up of a Common Service Centres (CSC) in every SME cluster. The objective for setting up these CSCs is to make our SME's products better and cost efficient. For this, these centres will provide technical help to entrepreneurs.

Punjab to have tech institute to assist MSMEs

Business Standard, 12 August 2013

Punjab will soon have a technologically advanced industry support institute to help the MSME sector become competitive in global markets and enhance exports from the state. The Union ministry of commerce and industry has recently sanctioned Rs 12 crore for improving equipment at the Institute for Autoparts & Hand Tools Technology at Ludhiana under ASIDE (Assistance to States for Development of Export Infrastructure & Allied Activities).

Industrial power tariff hike adds to Punjab SMEs' woes

Business Standard, 6 May 2013

The increase in power tariff in Punjab announced by the state's power regulator and made applicable from last month will hit over 172,000 small and medium enterprises (SMEs) in the state. Already, perturbed over the slowdown and unscheduled power cuts, SMEs feel that the increase in power tariff will further hurt them.

Rubber industry body wants tech upgradation fund

The Hindu Business Line, 4 May 2013

The rubber industry has sought a technology upgradation fund — on the lines of the textiles sector — to stand up to growing competition, mainly from China. At a two-day National Rubber Conference here, the Rs 60,000-crore sector, which accounts for a large number of micro, small and medium enterprises, has sought the incentive as some units had started shunning manufacturing in favour of rubber trading.

USD 4mn project launched to promote clean energy among SMEs

The Economic Times, 3 May 2013

The MSME Ministry today launched a USD 4-million project in association with Global Environment Facility to promote energy efficiency and renewable energy among small and medium enterprises. Of the total funding, the ministry will provide USD 3 million and grant of USD 1 million will come from the GEF for a period of three years to help small units to use clean energy and become energy efficient. The key activities of the Cleantech programme include mentoring and training, linking of value chain, technological transfer and upgradation, access to capital and scaling up.

MSME units in Tamil Nadu trebled in last 10 years

Business Standard, 29 April 2013

The number of micro, small and medium enterprises (MSMEs) in Tamil Nadu has more than trebled since 2003-04 - from 25,794 units representing an investment of only Rs 722.16 crore, to 83,348 enterprises as of February 28 this year, with investment soaring to Rs 8751.54 crore. According to the Fourth All India Census of MSMEs (2006-07), Tamil Nadu accounts for 14.95 per cent of the total number of operational MSMEs in India.

Government sets up committee to boost exports from MSMEs

Business Standard, 28 April 2013

Worried over widening trade gap, the government has set up a six-member inter-ministerial committee under the chairmanship of Finance Secretary Mr R S Gujral that will suggest measures to boost MSME exports. Micro, Small and Medium Enterprises (MSME) sector contributes about 40% in the country's total exports and over 8% to India's Gross Domestic Product.

Assocham for creation of Rs 1000-crore SME fund in Uttarakhand

The Economic Times, 25 April 2013

Expressing concern over the state of small and medium enterprises (SMEs) in Uttarakhand, industry body Assocham sought creation of Rs 1000-crore fund for the development of such units in the hill state. Twenty five per cent of small and medium enterprises in Uttarakhand have shut shop due to absence of proper incentives from the government, Assocham Secretary General Mr D S Rawat said in his address to the SME's Conference on Banking and Financial Solutions for Sustainable Growth.

Rs 5500-crore India Innovation Fund by June

The Economic Times, 14 April 2013

The proposed Rs 5500-crore India Inclusive Innovation Fund, focusing on generating employment and supporting livelihoods across the country through innovative enterprises, is expected to be in place by June. The Ministry of Micro, Small and Medium Enterprises (MSME) is working on the fund, which will help Indian enterprises in building innovative solutions for developmental challenges.

Tamil Nadu doubles funding for new entrepreneurship scheme

Business Standard, 8 April 2013

In a move to boost entrepreneurship in the state, the Tamil Nadu government has allocated Rs 100 crore to the New Entrepreneur Cum Enterprise Development (NEED) Scheme, which was introduced in 2012-13. The allocation in 2013-14 is almost double what it was last year.

DIPP Secretary to head inter-ministerial panel on MSME

The Economic Times, 1 April 2013

The government has set up an Inter-Ministerial Committee to look into issues faced by small units and suggest ways to boost the manufacturing in the sector. The committee will be headed by Department of Industrial Policy and Promotion (DIPP) Secretary Mr Saurabh Chandra, a Commerce Ministry statement said.

CARE launches 'fundamental grading' of SMEs

Business Standard, 25 March 2013

Credit Analysis & Research Limited (CARE Ratings) has launched a new product called "SME fundamental grading", which, it said will aid investors in taking informed investment decisions based on the fundamentals of small and medium enterprises (SMEs). It will also assist SMEs to differentiate themselves from others, thereby facilitating the raising of funds.

Centre to help small scale industries in Meghalaya

The Times of India, 25 March 2013

With the available infrastructure not enough and the fragile environment not viable for setting up of heavy industries in Meghalaya, the Centre has assured support to the small and medium enterprises sector of the hill state.

Innovation fund not for boosting competition among SMEs

Business Standard, 21 March 2013

The proposed Rs 5000-crore India Inclusive Innovation Fund focuses on supporting enterprises that develop novel solutions primarily for weaker sections who have limited access to basic services, government said today. The fund, however, does not aim making small and medium enterprises (SMEs) technologically better or boosting competition amongst them, Minister of State for MSME Mr K H Muniappa informed the Lok Sabha. The National Innovation Council in collaboration with Ministry of Micro, Small and Medium Enterprises (MSME) has proposed to set up a dedicated fund in the name of India Inclusive Innovation Fund for promoting grass-root innovations with social returns as well as modest economic returns.

New scheme for SME development in Bihar

Business Standard, 12 March 2013

Bihar state government is going to introduce a new scheme for the development of small and medium enterprises (SME) in Bihar. According to the official sources, the scheme, which will be named as Chief Minister Cluster Development Scheme, will focus on the needs of the SMEs and offer several incentives for cluster development.

PE investments in SMEs decline 51%

Business Standard, 11 March 2013

Private equity (PE) investments in India's small and medium enterprise (SME) sector fell to $151 million in January-February 2013, from $306.27 million in the year-ago period - a decline of 51 per cent. Experts say in the current environment, PEs would look at bigger companies where the perceived risk is lower. Besides, funds focussed on SMEs are facing difficulty in raising money from investors owing to the prevailing negative sentiment. While the trend is expected to continue for two more years, enterprises that can show differentiation and uniqueness would be able to attract money from PE funds, they added.

Haryana to set up 15 clusters for MSMEs

Hindustan Times, 11 March 2013

Recognising the employment potential of micro, small and medium enterprises (MSMEs) which constitute the backbone of the manufacturing sector, the Haryana government has decided to set up 15 clusters with Common Facility Centres (CFCs) in public-private partnership mode.

Private firms set up industrial parks to meet SMEs' demand

Business Standard, 4 March 2013

In a bid to tap the growing demand from upcoming small and medium enterprises (SMEs), several private players are either planning or are already setting up industrial parks on the outskirts of Ahmedabad, Gujarat. From Mumbai-based T Poddar Infradevelopers to Ahmedabad-based textile player Pradip Overseas Ltd (POL) and realty player N G Group, companies are setting up industrial parks ranging in size from 700,000 to 1.5 million sq yards.

New government scheme to boost MSME sector

Business Standard, 18 February2013

Micro, small and medium enterprises (MSMEs) in India are likely to get a shot in the arm through a scheme of the Consultancy Development Centre (CDC, an autonomous institution of the department of scientific and industrial research, science and technology ministry), which envisages financial assistance to MSMEs, including first-generation entrepreneurs, for availing themselves of consultancy support. The scheme aims to enhance the capabilities and competitiveness of MSMEs, besides promoting the use consultancy services by entrepreneurs.

IFC to invest $25 mn in SME fund

Business Standard, 15 January 2013

International Finance Corporation (IFC) is planning to invest around $25 million in the India 2020 Fund II, a successor fund to India 2020 Fund I. The new fund has a target size of $125 million and will focus on investing in Indian small and medium enterprises (SMEs) in healthcare, education, rural consumption and agribusiness. The fund will be a Mauritius-registered company, and will operate primarily through one or more subsidiaries formed in the Republic of Mauritius, which will acquire, own and operate the portfolio of investments.

SMEs need innovative funding: Report

Business Standard, 8 January 2013

Small and medium-sized enterprise (SME) financing is one of the three most significant opportunities for financial services firms in emerging markets, according to a report prepared by the World Economic Forum in collaboration with The Boston Consulting Group. However, only innovative approaches by governments and financial institutions will deliver results, according to the report titled “Redefining the Emerging Market Opportunity: Driving Growth Through Financial Services Innovation”. Only one-third of SMEs in emerging markets have access to loans or credit, while banks and financial institutions have too little data about SMEs to risk lending to them.

AllBank joins hands with CIMSME to serve SMEs

Financial Chronicle, 7 January 2013

Kolkata-headquartered public sector bank-Allahabad Bank has now joined hands with Chamber of Indian Micro, Small and Medium Enterprises (CIMSME), a not for profit organisation to reach out to micro, small and medium sector more effectively and serve them better. CIMSME represents interests of the companies in MSME sector with banks, FIs, concerned ministries and<
 
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