Category: News

  • Union Education Minister Dharmendra Pradhan inaugurates agricultural technology centre in Meerut

    Union Education Minister Dharmendra Pradhan inaugurates agricultural technology centre in Meerut

    Union Education Minister Dharmendra Pradhan inaugurates agricultural technology centre in Meerut

    Union Education Minister Dharmendra Pradhan officially opened the Agricultural Technology Innovation Centre at Sardar Vallabh Bhai Patel Agricultural University in Meerut. The inauguration underscores the government’s commitment to transforming farmers into successful entrepreneurs within the agriculture sector. The focus of the centre is to promote technology for the betterment of the farming community.

    Union Minister Pradhan highlighted the crucial role of Artificial Intelligence (AI) in doubling farmers’ income and ensuring they receive fair prices for their produce. He specifically mentioned IIT Ropar’s leadership in the Centre of Excellence for AI in Agriculture, indicating a strong push for technological innovation in the sector.

    Further supporting skill development among farmers, Mr. Pradhan announced the establishment of a Skill Development Centre at the university. This centre aims to boost farmer-focused research and encourage the creation of agricultural technology startups, fostering a vibrant ecosystem of innovation.

    The event saw the attendance of Union Ministers Jayant Chaudhary and Surya Pratap Shahi. Mr. Chaudhary commended the collaboration between IIT and the Agriculture University, emphasizing that innovation would now directly reach farms, leading to a tangible and positive impact on the lives of farmers in Meerut and surrounding areas. This marks a significant step in bringing cutting-edge agricultural technology to the grassroots level.

    Centre’s Key Objectives

    The Agricultural Technology Innovation Centre in Meerut has several key objectives aimed at revolutionising the agriculture sector. A primary goal is to facilitate the seamless transfer of cutting-edge agricultural technology from research labs to the fields. This ensures that farmers can readily adopt new methods and tools to improve their productivity and efficiency.

    Another crucial objective is to promote the use of data-driven insights in farming practices. By leveraging data analytics and AI, the centre seeks to provide farmers with real-time information on soil health, weather patterns, and crop diseases. This enables them to make informed decisions regarding irrigation, fertilisation, and pest control, optimising resource utilisation and minimising losses. Union Minister Pradhan believes that this data-centric approach will be transformative for the farming community.

    Furthermore, the innovation centre aims to foster collaboration between researchers, agricultural technology startups, and farmers. By creating a platform for knowledge sharing and networking, the centre hopes to accelerate the development and adoption of innovative solutions tailored to the specific needs of the region. This collaborative environment is essential for driving sustainable growth and enhancing the competitiveness of the agriculture sector in Meerut and beyond.

    The centre also prioritises skill development and capacity building among farmers. Through targeted training programmes and workshops, the centre will equip farmers with the necessary skills to operate and maintain new technologies effectively. This ensures that farmers are not just passive recipients of technology but active participants in its deployment and improvement. This emphasis on skill development is crucial for ensuring the long-term sustainability of the agricultural technology revolution.

    Technology On Display

    During the inauguration, a range of agricultural technologies were showcased, highlighting the potential impact on local farming practices. These included advanced drone systems for crop monitoring and spraying, precision irrigation systems that optimise water usage, and soil sensors that provide real-time data on nutrient levels. The exhibition aimed to demonstrate how these technologies can help farmers improve yields, reduce costs, and minimise environmental impact.

    One of the key highlights was a demonstration of AI-powered agricultural robots designed for tasks such as weeding and harvesting. These robots use computer vision and machine learning to identify and selectively remove weeds, reducing the need for manual labour and chemical herbicides. Similarly, harvesting robots can efficiently pick ripe fruits and vegetables, minimising damage and reducing post-harvest losses. Union Minister Pradhan showed keen interest in the agricultural technology, interacting with the experts present.

    Visitors also had the opportunity to explore various digital platforms designed to connect farmers with markets and provide access to financial services. These platforms enable farmers to sell their produce directly to consumers, bypassing intermediaries and increasing their profits. Additionally, they offer access to loans, insurance, and other financial products tailored to the needs of the agricultural community. The innovation centre aims to facilitate the adoption of these digital solutions to improve market access and financial inclusion for farmers in Meerut and surrounding regions.

    The showcased agricultural technology also included demonstrations of improved seed varieties and organic farming methods. These innovations aim to enhance crop resilience, reduce dependence on chemical inputs, and promote sustainable agricultural practices. Farmers were particularly interested in learning about the potential of these technologies to improve soil health and reduce the environmental footprint of their farming operations. The inauguration event provided a valuable platform for farmers to interact with experts and learn about the latest advancements in sustainable agriculture.

    Impact On Local Farmers

    The establishment of the Agricultural Technology Innovation Centre in Meerut is poised to bring about significant changes in the lives of local farmers. Farmers in the region can anticipate increased access to cutting-edge agricultural technology, empowering them to enhance their productivity and profitability. The centre will serve as a hub for knowledge dissemination, providing farmers with the training and resources needed to effectively utilise new techniques and tools.

    With the innovation centre’s focus on AI and data-driven farming, farmers can expect to make more informed decisions about their crops. Access to real-time data on soil conditions, weather patterns, and pest infestations will enable them to optimise resource allocation and minimise losses. This precision agriculture approach promises to boost yields and improve the overall efficiency of farming operations in the Meerut region.

    Furthermore, the centre’s emphasis on collaboration between researchers, startups, and farmers is expected to foster a culture of innovation and entrepreneurship within the agricultural community. Local farmers will have the opportunity to engage with experts, share their experiences, and contribute to the development of solutions tailored to their specific needs. This collaborative ecosystem is essential for driving sustainable growth and enhancing the competitiveness of the agriculture sector.

    The Skill Development Centre, announced during the inauguration by Union Minister Pradhan, will play a crucial role in equipping farmers with the skills needed to operate and maintain new technologies. This will ensure that farmers are not merely passive recipients of technology, but active participants in its deployment and improvement. This emphasis on skill development is essential for ensuring the long-term sustainability of the agricultural technology revolution in Meerut.

    Ultimately, the Agricultural Technology Innovation Centre aims to empower local farmers to become more resilient, sustainable, and profitable. By providing access to the latest agricultural technology, fostering collaboration, and promoting skill development, the centre is expected to transform the agricultural landscape of Meerut and improve the livelihoods of countless farming families. The inauguration of this centre marks a significant step towards a more prosperous and technologically advanced future for agriculture in the region.

  • India’s logistics fragmentation persists, Delhivery SME head notes

    India’s logistics fragmentation persists, Delhivery SME head notes

    Delhivery

    India’s logistics fragmentation persists, Delhivery SME head notes

    India’s logistics sector grapples with persistent fragmentation, creating significant hurdles for businesses, especially SMEs. The market’s vibrant nature, while offering choice, also presents challenges in ensuring consistent service quality and reliability. Numerous players, from large integrated logistics providers to regional specialists and hyperlocal services, compete for market share. This intense competition, coupled with government initiatives aimed at streamlining the sector, is reshaping the landscape.

    According to Delhivery’s business head, Mohammed Ali, this fragmentation necessitates a strategic approach focused on delivering value. This value proposition encompasses a combination of reliability, speed, extensive reach, technological innovation, and superior customer service. Delhivery believes that by offering this comprehensive package, it can effectively navigate the complexities of the Indian logistics market and cater to the diverse needs of its clientele, particularly SMEs.

    One of the key challenges arising from this fragmentation is the difficulty in establishing a seamless and efficient supply chain. The reliance on multiple vendors and varying service levels can lead to delays, increased costs, and reduced transparency. SMEs, often lacking the resources and expertise to manage these complexities, are particularly vulnerable to the negative impacts of a fragmented logistics ecosystem.

    Impact On Small Businesses

    India’s logistics sector grapples with persistent fragmentation, creating significant hurdles for businesses, especially SMEs. The market’s vibrant nature, while offering choice, also presents challenges in ensuring consistent service quality and reliability. Numerous players, from large integrated logistics providers to regional specialists and hyperlocal services, compete for market share. This intense competition, coupled with government initiatives aimed at streamlining the sector, is reshaping the landscape.

    According to Delhivery’s business head, Mohammed Ali, this fragmentation necessitates a strategic approach focused on delivering value. This value proposition encompasses a combination of reliability, speed, extensive reach, technological innovation, and superior customer service. Delhivery believes that by offering this comprehensive package, it can effectively navigate the complexities of the Indian logistics market and cater to the diverse needs of its clientele, particularly SMEs.

    One of the key challenges arising from this fragmentation is the difficulty in establishing a seamless and efficient supply chain. The reliance on multiple vendors and varying service levels can lead to delays, increased costs, and reduced transparency. SMEs, often lacking the resources and expertise to manage these complexities, are particularly vulnerable to the negative impacts of a fragmented logistics ecosystem.

    The existing logistics fragmentation significantly impacts small businesses in India. SMEs often face difficulties negotiating favourable rates and service agreements with logistics providers due to their smaller shipping volumes. This puts them at a disadvantage compared to larger enterprises that can leverage their scale to secure better deals. Inefficient logistics can lead to increased operational costs, eroding profit margins for SMEs and hindering their ability to compete effectively in the market.

    Furthermore, unreliable delivery schedules and a lack of real-time tracking capabilities can damage an SME’s reputation and customer relationships. In today’s fast-paced business environment, customers expect prompt and transparent delivery services. SMEs that cannot meet these expectations risk losing customers to competitors who offer superior logistics solutions. This highlights the critical need for SMEs to access reliable and cost-effective logistics services to maintain competitiveness and foster growth.

    Access to technology also presents a hurdle. Many SMEs lack the resources to invest in sophisticated logistics management systems, making it difficult for them to optimise their supply chain operations. This can lead to inefficiencies in inventory management, order fulfilment, and route planning. The fragmented nature of the logistics sector further exacerbates these challenges, as SMEs often struggle to integrate their systems with those of multiple logistics providers.

    Delhivery’s Perspective

    Delhivery’s approach to tackling India’s logistics fragmentation centres around building a robust, technology-driven platform specifically tailored for SMEs. The business head emphasises that the company is deeply invested in understanding the unique challenges faced by these businesses and designing solutions that address their specific needs. This includes offering a range of value-added services such as warehousing, inventory management, and last-mile delivery, all integrated into a single, user-friendly platform.

    According to Delhivery, technology plays a crucial role in streamlining the supply chain and improving efficiency. The company leverages advanced data analytics and machine learning algorithms to optimise routes, predict demand, and minimise delays. This technological prowess enables Delhivery to provide its SME clients with real-time visibility into their shipments, empowering them to proactively manage their logistics operations and enhance customer satisfaction. The business head stated that the company aims to empower SMEs with logistics capabilities previously only accessible to larger enterprises.

    Delhivery also acknowledges the importance of fostering strong partnerships within the logistics ecosystem. They are actively collaborating with regional players and hyperlocal services to expand their reach and offer comprehensive coverage across India. This collaborative approach allows Delhivery to leverage the strengths of different players, creating a more resilient and efficient logistics network for its SME clients. The company believes that by working together, it can contribute to overcoming the challenges posed by fragmentation and driving sustainable growth in the sector.

  • Jitan ram manjhi visits mumbai msme technology centre

    Jitan ram manjhi visits mumbai msme technology centre

    MSME

    Jitan Ram Manjhi visits Mumbai MSME Technology Centre

    Shri Jitan Ram Manjhi, Union Minister for the Ministry of Micro, Small & Medium Enterprises (MSME), paid a visit to the MSME Technology Centre, Institute for Design Of Electrical Measuring Instruments (IDEMI) Mumbai, on 3rd July 2025. The visit included a review meeting led by Shri Manjhi, followed by an extensive tour of the IDEMI Mumbai facilities.

    During his time at the MSME Technology Centre, the Hon’ble Minister received an overview of components developed for the Chandrayaan mission. He also explored the state-of-the-art AR/VR laboratory. Furthermore, detailed presentations were delivered, focusing on key initiatives such as the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the PM Vishwakarma scheme, both crucial for supporting MSMEs across India.

    Centre’s Technological Offerings

    Shri Jitan Ram Manjhi, Union Minister for the Ministry of Micro, Small & Medium Enterprises (MSME), paid a visit to the MSME Technology Centre, Institute for Design Of Electrical Measuring Instruments (IDEMI) Mumbai, on 3rd July 2025. The visit included a review meeting led by Shri Manjhi, followed by an extensive tour of the IDEMI Mumbai facilities.

    During his time at the MSME Technology Centre, the Hon’ble Minister received an overview of components developed for the Chandrayaan mission. He also explored the state-of-the-art AR/VR laboratory. Furthermore, detailed presentations were delivered, focusing on key initiatives such as the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the PM Vishwakarma scheme, both crucial for supporting MSMEs across India.

    IDEMI Mumbai has demonstrated its capabilities by developing crucial components for ISRO, including cryogenic engine parts. The centre also produces specialised gauges for submarines and robotic tools used in delicate neurosurgery, showcasing its advanced engineering skills. In addition to these sophisticated applications, the MSME Technology Centre manufactures practical equipment such as soil testing tools and silk reeling machines, supporting farmers and women entrepreneurs in rural India.

    The centre’s infrastructure includes advanced facilities for CAD/CAM, automation, tool design, and robotics. IDEMI Mumbai collaborates with leading organisations like the Indian Navy, BHEL, and GAIL to provide calibration and maintenance services for their instruments. Through its research and development efforts with BARC, the centre has created specialised tools for both agricultural and medical applications. Furthermore, it offers comprehensive design and manufacturing services, leveraging 3D modelling, reverse engineering, and rapid prototyping to meet diverse industry needs. The Ministry of Micro Small and Medium Enterprises supports such initiatives to boost technological advancement in the country.

    Discussions And Outcomes

    During the discussions, Shri Jitan Ram Manjhi conveyed his appreciation for the overall performance and significant contributions of the MSME Technology Centre, IDEMI Mumbai, to the MSME sector. He acknowledged the centre’s role in fostering technological advancement and providing crucial support to small businesses in India.

    The Hon’ble Minister also offered valuable guidance on how to broaden the reach of the MSME Technology Centre’s advanced technology services and training programmes. He encouraged IDEMI Mumbai to explore opportunities to extend its services beyond the immediate Mumbai and Maharashtra region, aiming to benefit a larger number of MSMEs across India. This expansion would involve tailored programmes designed to meet the diverse needs of MSMEs in different regions.

    Furthermore, discussions revolved around enhancing the centre’s collaboration with other institutions and industries to foster innovation and technology transfer. Shri Jitan Ram Manjhi emphasised the importance of aligning the centre’s activities with national priorities and emerging industry trends. The Ministry of Micro Small and Medium Enterprises aims to create an ecosystem that supports the growth and competitiveness of MSMEs across the nation, and IDEMI Mumbai plays a crucial role in this endeavour.

  • Ignoring ai a costly mistake for indian msmes

    Ignoring ai a costly mistake for indian msmes

    Ignoring ai is a costly mistake for indian msmes

    in

    The potential benefits of adopting artificial intelligence are substantial, particularly for Indian MSMEs. AI offers a pathway to increased efficiency, innovation, and ultimately, a stronger competitive advantage in the global market. The numbers paint a clear picture: AI can boost manufacturing productivity by as much as 30%, unlocking significant value for businesses willing to embrace it.

    One of the most compelling advantages of AI is its ability to drive cost reduction. By automating repetitive tasks, optimising resource allocation, and improving predictive maintenance, AI helps businesses minimise waste and streamline operations. This translates into tangible savings that can be reinvested in other areas of the business, fostering further growth and innovation.

    Beyond cost reduction, AI empowers Indian MSMEs to enhance their products and services. AI-powered analytics can provide valuable insights into customer behaviour, enabling businesses to personalise offerings and improve customer satisfaction. Furthermore, AI can facilitate the development of new and innovative products, giving businesses a crucial edge in a rapidly evolving marketplace.

    Ultimately, embracing AI is not just about short-term gains; it’s about securing future growth. By leveraging AI, Indian MSMEs can build more resilient, adaptable, and competitive businesses that are well-positioned to thrive in the digital age. The ability to analyse data, automate processes, and make data-driven decisions is no longer a luxury, but a necessity for sustained success.

    Challenges and solutions

    Despite the clear advantages, Indian MSMEs face significant hurdles in adopting artificial intelligence. The hesitation often stems from a combination of factors, including a lack of awareness, limited technical capabilities, and a perception of AI as an inaccessible or even threatening innovation. This reluctance is proving costly, as global competitors leverage AI to reimagine supply chains, optimise production, and improve customer experiences.

    Key Challenges:

    1. Lack of Awareness and Understanding: Many Indian MSMEs are simply unaware of the potential benefits of AI or lack a clear understanding of how it can be applied to their specific business needs. This knowledge gap prevents them from even considering AI as a viable solution.

    2. Limited Technical Expertise: Implementing and managing AI solutions requires skilled personnel, which are often in short supply and expensive to hire. Many MSMEs struggle to find or afford the necessary expertise to effectively integrate AI into their operations.

    3. Infrastructural Limitations: Adequate computing power, data storage, and reliable internet connectivity are essential for AI implementation. Many Indian MSMEs, particularly those in rural areas, face infrastructural limitations that hinder their ability to adopt AI.

    4. Data Availability and Quality: AI algorithms require large amounts of high-quality data to train effectively. Many MSMEs lack the data infrastructure or processes to collect, store, and manage data in a way that is suitable for AI applications.

    5. Cost Concerns: The initial investment in AI hardware, software, and expertise can be significant, creating a barrier for many cost-conscious MSMEs. They may perceive AI as an expensive luxury rather than a strategic investment.

    Potential Solutions:

    1. Awareness Programs and Training: Government and industry bodies should launch awareness programs to educate Indian MSMEs about the benefits of AI and provide training on basic AI concepts and applications. These programs can help dispel misconceptions and build confidence in AI technologies.

    2. Skills Development Initiatives: Investing in skills development initiatives to train a new generation of AI professionals is crucial. This can include partnerships between universities, vocational training centres, and industry to create a pipeline of skilled workers who can support AI adoption in MSMEs. This can foster future growth.

    3. Accessible AI Platforms and Tools: Developing affordable and user-friendly AI platforms and tools specifically designed for MSMEs can lower the barrier to entry. Cloud-based solutions and pre-trained AI models can make it easier for MSMEs to experiment with and implement AI without significant upfront investment.

    4. Data Sharing and Collaboration: Encouraging data sharing and collaboration among MSMEs can help overcome data scarcity challenges. Industry consortia and government-backed data platforms can facilitate the sharing of anonymised data, enabling MSMEs to collectively benefit from AI insights. This will enhance their competitive advantage.

    5. Financial Incentives and Support: Governments can provide financial incentives, such as tax breaks, subsidies, and grants, to encourage Indian MSMEs to invest in AI technologies. These incentives can help offset the initial cost and make AI more accessible to smaller businesses, helping with cost reduction.

  • Noida secures second Electronics Manufacturing Hub

    Noida secures second Electronics Manufacturing Hub

    CRISIL SME Tracker

    Noida secures second Electronics Manufacturing Hub

    Noida is set to receive a significant manufacturing boost with the government approval for a second electronics manufacturing cluster, EMC 2.0. This initiative, backed by a ₹417 Cr investment, aims to bolster local manufacturing and foster innovation within the electronics industry. The Union Government, operating through the Ministry of Electronics and IT, has given the green light for establishing the Electronics Manufacturing Cluster (EMC 2.0) in Noida, Gautam Buddha Nagar, Uttar Pradesh.

    Senior officials, including IT Minister Ashwini Vaishnaw and Minister of State Jitin Prasada, reviewed the project, highlighting its importance. The Yamuna Expressway Industrial Development Authority (YEIDA) will spearhead the industrial development of the Electronics Manufacturing Cluster 2.0 in Noida. Spanning across 200 acres, this cluster is anticipated to attract investments of approximately ₹2,500 crore, further catalysing economic growth in the region.

    Recognising the state government’s critical role, officials have been directed to collaborate closely with Uttar Pradesh authorities. This collaborative approach aims to ensure the swift and efficient execution of the project, maximising its positive impact on the local economy and the broader electronics industry.

    Investment And Job Creation

    The establishment of the electronics manufacturing cluster in Noida is projected to unlock substantial investment opportunities and create numerous jobs within the region. The anticipated ₹2,500 crore investment is expected to spur industrial development and attract both domestic and international companies involved in the electronics industry. This influx of capital will not only boost the local economy but also enhance Noida’s reputation as a prime destination for electronics manufacturing.

    Beyond the direct financial investment, the EMC 2.0 initiative promises a significant manufacturing boost to the job market. The cluster is forecast to generate a multitude of employment opportunities across various skill levels, ranging from highly skilled engineers and technicians to assembly line workers and support staff. This job creation will positively impact the livelihoods of thousands of families in Uttar Pradesh and contribute to the overall socio-economic development of the region. The government approval reflects a commitment to strengthening the electronics manufacturing sector and fostering economic prosperity through targeted investment and industrial development.

    The ₹417 Cr investment in infrastructure and facilities within the electronics manufacturing cluster is strategically designed to support the growth and competitiveness of businesses operating within the park. By providing access to world-class infrastructure and shared resources, the EMC 2.0 aims to lower operational costs and enhance productivity for companies. This will further incentivise investment and expansion, leading to even greater job creation and economic growth in the long term. Noida is set to become a hub for innovation and manufacturing excellence, attracting talent and driving economic prosperity for years to come.

    Challenges And Future Outlook

    Despite the promising outlook, the Noida electronics manufacturing cluster faces several challenges. Securing a consistent supply chain for raw materials and components is crucial. Fluctuations in global markets and geopolitical factors could disrupt the availability and pricing of essential inputs, potentially impacting production schedules and profitability. Furthermore, attracting and retaining skilled labour remains a key concern. The electronics industry requires a highly trained workforce, and Noida must invest in skill development programs to meet the growing demand. Competition from other manufacturing hubs, both within India and internationally, poses another challenge. Noida needs to differentiate itself by offering a competitive business environment, streamlined regulatory processes, and robust infrastructure.

    Looking ahead, the future of the electronics manufacturing cluster hinges on continuous innovation and adaptation. Embracing new technologies, such as automation and artificial intelligence, is essential to enhance productivity and efficiency. Furthermore, fostering collaboration between industry, academia, and research institutions can drive innovation and create a vibrant ecosystem. The government approval and ₹417 Cr investment provide a strong foundation, but sustained effort is required to ensure the long-term success of the project. Addressing these challenges proactively and capitalising on emerging opportunities will pave the way for Noida to become a leading electronics manufacturing hub and contribute significantly to the growth of the electronics industry in Uttar Pradesh.

    Moreover, environmental sustainability needs prioritising. As industrial development intensifies, it’s crucial to adopt eco-friendly manufacturing practices and minimise the environmental footprint of the electronics manufacturing cluster. Implementing waste management systems, promoting energy efficiency, and encouraging the use of renewable energy sources are vital steps. By embracing sustainability, Noida can attract environmentally conscious investors and ensure the long-term viability of the electronics manufacturing cluster.

  • Best ERP Software for SMEs in India (2025 Edition)

    Best ERP Software for SMEs in India (2025 Edition)

    ERP

    Best ERP Software for SMEs in India (2025 Edition)

    In today’s fast-evolving business landscape, small and medium-sized enterprises (SMEs) in India are increasingly recognizing the importance of digital tools for growth. One of the most critical tools among them is ERP software – a solution that centralizes operations, automates processes, and offers real-time visibility across departments.

    But with dozens of ERP solutions in the market, choosing the right one can be overwhelming. To make your decision easier, we’ve curated a list of the best ERP software for Indian SMEs in 2025, starting with a powerful homegrown solution: Vision ERP.

    Why SMEs Need ERP Software in 2025

    ERP (Enterprise Resource Planning) software is no longer just for large enterprises. Today’s SMEs need to manage increasing complexity from inventory and compliance to multi-location operations and customer expectations. Here’s how ERP helps:

    • Real-time business insights
    • Automation of repetitive tasks
    • Smarter inventory control
    • Scalable infrastructure for growth
    • Better compliance and audit readiness

    With cloud-based and AI-powered ERP systems becoming more affordable, SMEs now have access to enterprise-level tools at SME-level costs.

    1. Vision ERP by Proteus

    Vision ERP is a robust, AI-powered ERP solution designed specifically for Indian SMEs. Built by Proteus Technologies, this cloud-native software caters to diverse industries like pharmaceuticals, food processing, engineering, FMCG, and textiles.

    Standout Features:

    • AI-driven automation and predictive insights
    • Fast implementation (go live in days)
    • User-friendly, mobile-accessible interface
    • Industry-specific modules for faster onboarding
    • Real-time dashboards and reporting

     

    1. Zoho One (Zoho ERP)

    Zoho One offers a comprehensive suite of cloud applications that functions as an ERP for startups and service-driven SMEs. It’s ideal for teams looking for quick deployment and easy usability.

    Key Benefits:

    • Budget-friendly
    • Cloud-based and mobile-ready
    • Strong CRM, HR, and finance integration

    1. TallyPrime with Cloud Access

    Tally has long been the go-to software for accounting in India. With the advent of Tally on Cloud, it has become a basic ERP alternative for SMEs focusing on inventory and financial management.

    Why Consider It:

    • Easy transition for existing Tally users
    • Ideal for basic finance and stock control
    • Familiar and simple interface

     

    1. SAP Business One

    For SMEs that are scaling rapidly and require robust features, SAP Business One is a powerful ERP platform offering deep functionality and strong global support.

    Strengths:

    • Advanced reporting and analytics
    • Strong integration ecosystem
    • Best suited for manufacturing and distribution businesses

    1. ERPNext

    ERPNext is an open-source ERP developed in India, ideal for companies that prefer flexibility and in-house customization.

    Notable Features:

    • Modular structure with apps for CRM, HR, and Projects
    • Suitable for manufacturing, retail, and education sectors

    Active open-source community for support

    The best ERP solution for your business depends on your industry, budget, and how fast you want to scale. While global tools like SAP and Zoho offer depth and brand recognition, Indian solutions like Vision ERP stand out for their speed of implementation, localized features, and industry-specific flexibility.

    As we move deeper into 2025, SMEs that adopt smart ERP systems will have a clear edge in efficiency, decision-making, and growth readiness.

  • G7 pledges joint effort on AI adoption

    G7 pledges joint effort on AI adoption

    g7

    G7 pledges joint effort on AI adoption

    Leaders at the G7 Summit have pledged a joint effort to accelerate the adoption of artificial intelligence across various sectors. Recognising the transformative potential of AI technology, the G7 nations are committed to working together to boost its integration within the public sector. This initiative aims to improve efficiency, enhance services, and foster innovation across government operations.

    A key priority is supporting small and medium-sized enterprises (SMEs) in their digital transformation journey. The G7 recognises that SMEs often face unique challenges in accessing and implementing AI solutions. Therefore, the focus will be on helping SMEs adopt and develop safe, secure, and trustworthy AI systems, ensuring they can benefit from this technology and remain competitive in the global market. This cooperation will facilitate the sharing of best practices and resources, empowering SMEs to leverage AI for growth and efficiency.

    The G7 also acknowledges the significant energy demands associated with AI. A crucial aspect of their joint effort involves addressing these energy challenges and exploring the potential of AI in driving energy efficiency and innovation. This includes developing AI-powered solutions for optimising energy consumption, improving grid management, and accelerating the development of renewable energy sources. By harnessing AI, the G7 aims to create a more sustainable and energy-efficient future.

    Key Areas Of Collaboration

    The G7 nations are set to intensify their cooperation in several key areas to drive responsible artificial intelligence development and deployment. One primary focus is on establishing common standards and frameworks for AI, ensuring interoperability and facilitating cross-border data flows. This collaborative approach will promote a level playing field for businesses and researchers, encouraging innovation and preventing fragmentation of the global AI landscape. Harmonising regulations and guidelines is crucial for fostering trust and confidence in AI technology.

    Another vital area of collaboration centres on promoting AI skills development and education. The G7 recognises the need to equip the workforce with the necessary skills to thrive in an AI-driven economy. This involves investing in education and training programmes that focus on AI-related skills, such as data science, machine learning, and AI ethics. By fostering a skilled workforce, the G7 aims to ensure that its citizens can fully participate in and benefit from the digital transformation powered by AI.

    Furthermore, the G7 is committed to supporting research and development in AI, particularly in areas that address societal challenges. This includes funding research into AI applications for healthcare, climate change, and sustainable development. By pooling resources and expertise, the G7 nations can accelerate the development of innovative AI solutions that contribute to solving pressing global issues. This collaborative approach to research and development will help unlock the full potential of artificial intelligence for the benefit of humanity.

    Addressing Ai Risks

    Recognising the potential risks associated with artificial intelligence, the G7 is committed to addressing these challenges proactively. A key focus is on mitigating biases in AI systems to ensure fairness and prevent discrimination. The G7 nations will work together to develop methodologies for identifying and rectifying biases in AI algorithms and datasets. This collaborative effort aims to promote equitable outcomes and prevent the perpetuation of societal inequalities through AI technology. Ensuring transparency and accountability in AI systems is also vital to build public trust and confidence.

    Another critical area involves addressing cybersecurity threats related to AI. As AI systems become more integrated into critical infrastructure and sensitive applications, protecting them from malicious attacks is paramount. The G7 will collaborate on developing robust cybersecurity frameworks and best practices for AI, including measures to prevent data breaches, algorithmic manipulation, and other forms of cybercrime. Strengthening international cooperation on cybersecurity is essential to safeguard the integrity and reliability of AI systems. This includes promoting information sharing and joint exercises to enhance preparedness and response capabilities.

    The G7 also acknowledges the importance of addressing the potential misuse of AI for malicious purposes, such as autonomous weapons and surveillance technologies. They are committed to working together to establish ethical guidelines and legal frameworks that govern the development and deployment of AI in these sensitive areas. This includes promoting responsible innovation and preventing the use of AI in ways that violate human rights or undermine international security. The G7’s cooperation aims to ensure that AI technology is used for the benefit of humanity and not as a tool for harm.

    Global Ai Governance

    The G7 nations recognise that the governance of artificial intelligence requires a global perspective. They are dedicated to fostering international cooperation to establish common principles and standards for AI governance. This includes working with international organisations, such as the United Nations and the OECD, to promote a harmonised approach to AI regulation and ethics. By engaging in multilateral dialogue, the G7 aims to ensure that AI is developed and deployed responsibly on a global scale, addressing concerns related to data privacy, security, and human rights. This collaborative effort is essential for building a trusted and inclusive AI ecosystem.

    A central aspect of global AI governance is promoting interoperability and avoiding fragmentation. The G7 seeks to facilitate the seamless flow of data and AI technologies across borders, while respecting national laws and regulations. This involves establishing common frameworks for data governance, including data protection and cross-border data transfers. By fostering interoperability, the G7 aims to unlock the full potential of artificial intelligence for global innovation and economic growth. This also requires addressing potential barriers to trade and investment in AI, such as discriminatory practices and protectionist measures.

    Furthermore, the G7 recognises the importance of promoting ethical considerations in AI development and deployment worldwide. This includes establishing ethical guidelines and frameworks that address issues such as bias, fairness, and accountability. The G7 nations will work together to promote responsible innovation in AI, ensuring that the technology is used for the benefit of all and does not exacerbate existing inequalities. By championing ethical AI, the G7 aims to build public trust and confidence in this transformative technology and promote its responsible adoption across the globe. This requires ongoing dialogue and collaboration with stakeholders, including governments, industry, academia, and civil society.

  • Over 50 lakh workers benefit from labour welfare schemes

    Over 50 lakh workers benefit from labour welfare schemes

    Labour workers

    Over 50 lakh workers benefit from labour welfare schemes

    Across India, labour welfare schemes have positively impacted the lives of over 50 lakh workers and their families. These government initiatives, spearheaded by the Ministry of Labour and Employment, primarily target individuals in the Beedi, Cine, and Mining sectors. The Directorate General of Labour Welfare (DGLW) manages these schemes through the Labour Welfare Organisation (LWO).

    The LWO operates through a network of 18 Welfare Commissioners, strategically positioned throughout the country. Their presence ensures effective implementation and accessibility of the benefits, especially in remote and underserved regions. These workers receive crucial support through diverse social security benefits.

    The schemes aim to uplift those working in the unorganised sector, providing them with much-needed assistance. The significant number of beneficiaries underscores the effectiveness of these programmes in reaching and supporting vulnerable populations across India. These schemes are vital for improving the living standards and overall well-being of a substantial portion of the workforce.

    Key Labour Welfare Initiatives

    Several key labour welfare initiatives form the backbone of the support system for workers. These schemes encompass a broad spectrum of assistance, addressing various needs from healthcare to housing. One significant initiative focuses on providing financial assistance for medical treatment, ensuring that workers and their families have access to quality healthcare without facing crippling debt. This support extends to covering the costs of surgeries, hospital stays, and essential medications.

    Another crucial aspect of the government initiatives involves providing educational support for the children of workers. Scholarships and grants are available to help them pursue their academic aspirations, ensuring that financial constraints do not hinder their access to education. These scholarships cover school fees, books, and other essential educational expenses. By investing in the education of these children, the schemes contribute to breaking the cycle of poverty and empowering future generations.

    Housing is another critical area addressed by these labour welfare schemes. Recognising the importance of safe and affordable housing, the government provides financial assistance for construction, repair, or purchase of homes. This initiative aims to improve the living conditions of workers and their families, providing them with a secure and stable environment. This housing support often includes subsidies and low-interest loans, making homeownership more accessible for workers in the unorganised sector. The impact of these schemes extends far beyond mere financial assistance; they provide a sense of security and dignity to over 50 lakh workers across India.

    Impact on Workers’ Lives

    The government initiatives have a tangible impact on the lives of workers and their families. Access to better healthcare through the schemes means reduced financial burden during times of illness, allowing workers to focus on recovery rather than debt. Families report a significant decrease in stress related to medical emergencies, knowing that support is available.

    Educational support for children is transforming futures. Many beneficiaries recount stories of children who, without the scholarship, would have been forced to drop out of school to support their families. Now, these children are excelling in their studies, pursuing higher education, and aspiring to careers that were previously beyond their reach. This creates a ripple effect, improving not only their individual prospects but also contributing to the overall economic and social development of their communities across India.

    Improved housing conditions contribute significantly to the workers’ overall well-being. Living in safer, more stable homes provides a sense of security and dignity, leading to improved physical and mental health. Reduced exposure to environmental hazards and better sanitation facilities contribute to fewer illnesses and a higher quality of life. This positive impact extends to the entire family, creating a more conducive environment for children to thrive. The Labour welfare schemes are truly making a difference in the lives of over 50 lakh beneficiaries.

  • MNRE seeks proposals for solar and battery circularity

    MNRE seeks proposals for solar and battery circularity

    solar

    MNRE seeks proposals for solar and battery circularity

    India faces significant challenges regarding solar waste due to the increasing deployment of solar technology. The growing volume of end-of-life solar panels necessitates robust waste management strategies. Without effective recycling and reuse mechanisms, valuable materials are lost, and environmental risks increase. Improper disposal can lead to soil and water contamination, undermining the environmental benefits of solar energy.

    The current infrastructure for handling solar waste is insufficient to manage the projected increase in discarded panels. The lack of widespread recycling facilities and established collection networks poses a major hurdle. Promoting a circular economy in the solar sector requires addressing these infrastructural gaps and incentivising responsible waste management practices. MNRE recognises these challenges and seeks to foster sustainable solutions.

    Similar concerns exist for battery technology, especially with the rising adoption of electric vehicles and energy storage systems. Spent batteries contain hazardous materials, and improper disposal can have severe environmental consequences. Developing efficient and economically viable battery recycling processes is crucial to mitigating these risks. Furthermore, promoting the reuse of battery components can significantly reduce the demand for new materials, contributing to a more circular economy.

    Proposal Requirements Outlined

    MNRE’s call for proposals outlines specific requirements to ensure comprehensive and impactful projects. Proposals must demonstrate a clear understanding of the current landscape of solar technology and battery technology waste management in India. They should detail innovative approaches for collection, transportation, and processing of end-of-life components.

    A key requirement is a detailed plan for establishing or enhancing recycling infrastructure. This includes specifying the technology to be used, the capacity of the facility, and the environmental safeguards that will be implemented. Proposals must also address the economic viability of the project, including potential revenue streams from the recovery of valuable materials. The focus should be on creating a self-sustaining model for a circular economy.

    Furthermore, proposals should include a robust plan for stakeholder engagement. This involves collaborating with solar panel manufacturers, battery producers, waste management companies, and research institutions. A clear strategy for raising public awareness about the importance of recycling and reuse is also essential. MNRE seeks proposals that foster collaboration and knowledge sharing to drive systemic change in the management of solar and battery waste.

    The proposals must clearly articulate how the project will contribute to reducing environmental impact and promoting sustainability. This includes quantifying the expected reduction in landfill waste, the conservation of natural resources, and the reduction of greenhouse gas emissions. A detailed lifecycle assessment of the proposed recycling or reuse process is also required. The aim is to ensure that the proposed solutions are environmentally sound and contribute to a truly circular economy.

    Battery Recycling Focus

    Battery recycling is a critical aspect of the circular economy that MNRE aims to promote. As the adoption of battery technology accelerates, particularly in electric vehicles and energy storage systems, the volume of spent batteries is also increasing rapidly. These batteries contain valuable materials like lithium, cobalt, and nickel, but also hazardous substances that pose significant environmental risks if not managed properly.

    The focus on battery recycling is driven by the need to recover these valuable materials and reduce reliance on virgin resources. Establishing efficient recycling processes is essential for ensuring a sustainable supply chain for battery technology. The goal is to create a closed-loop system where materials from end-of-life batteries are recovered and reused in the production of new batteries, minimising waste and environmental impact.

    MNRE recognises that effective battery waste management requires a multi-faceted approach. This includes developing advanced recycling technologies, establishing robust collection networks, and creating economic incentives for recycling. The proposals should address the entire lifecycle of batteries, from design and manufacturing to end-of-life management. Collaboration between industry stakeholders, research institutions, and government agencies is crucial for achieving a truly circular economy for batteries in India.

    Furthermore, the proposals should consider the specific challenges associated with different types of batteries. Lithium-ion batteries, for example, require specialised recycling processes due to their complex chemistry and potential safety hazards. The proposals must demonstrate a thorough understanding of these challenges and propose innovative solutions for safe and efficient battery recycling. The aim is to ensure that battery recycling is both environmentally sound and economically viable.

    Industry Stakeholder Engagement

    MNRE understands that successful implementation of circularity in solar technology and battery technology requires active participation and collaboration from all industry stakeholders. To this end, MNRE plans to organise a series of workshops and consultations to engage with manufacturers, recyclers, researchers, and policymakers. These forums will provide a platform for sharing knowledge, discussing challenges, and identifying opportunities for collaboration.

    These engagement activities aim to foster a shared understanding of the importance of circular economy principles and to encourage the adoption of best practices in waste management. MNRE also intends to establish a dedicated platform for ongoing dialogue and information sharing among stakeholders. This platform will facilitate the exchange of technical expertise, market intelligence, and policy updates, fostering a collaborative ecosystem for solar and battery recycling in India.

    Furthermore, MNRE recognises the importance of raising public awareness about the benefits of recycling and reuse. Public awareness campaigns will be launched to educate consumers about the environmental and economic benefits of responsible waste management. These campaigns will also highlight the role of individuals in contributing to a circular economy by properly disposing of end-of-life solar panels and batteries. By engaging the public, MNRE aims to create a culture of sustainability and promote responsible consumption and disposal habits.

    MNRE believes that a collaborative approach, involving all stakeholders, is essential for driving systemic change in the management of solar and battery waste. By fostering open communication, knowledge sharing, and public awareness, MNRE aims to create a vibrant and sustainable circular economy for solar and battery technology in India. The goal is to transform waste into a valuable resource, creating economic opportunities and protecting the environment for future generations. The proposals received will be assessed based on the level of stakeholder engagement demonstrated and the potential for fostering long-term collaboration.

  • Wpi inflation eases hitting a 14-month low of 0.39%.

    Wpi inflation eases hitting a 14-month low of 0.39%.

    NSE SME

    WPI Inflation eases hitting a 14-month low of 0.39%.

    India’s wholesale price index (WPI) inflation eased significantly in May 2025, hitting a 14-month low of 0.39%. This represents a considerable drop from 0.85% in April and 2.05% in March, according to data released by the Ministry of Commerce and Industry. The decline signals a continued moderation in price pressures within the Indian economy.

    Several factors contributed to this cooling of inflation. Primarily, falling prices of food items, fuel (particularly petrol and diesel), and manufactured products were major drivers. The consistent decline across these sectors suggests a broad-based disinflationary trend is taking hold. The softening of food inflation to 0.99%, marking its seventh consecutive monthly decline, also played a crucial role. Improved agricultural output, coupled with a favourable base effect, aided this decline.

    The fact that WPI inflation dipped into negative territory on a month-over-month basis, registering at -0.06%, further underscores the easing price pressures. This is welcome news alongside the concurrent decline in Consumer Price Index (CPI)-based retail inflation, which reached 2.82% in May, the lowest level seen since February 2019. These figures may provide an economic boost, and offer the RBI greater flexibility in its monetary policy decisions.

    Sectoral Price Movements

    A closer look at individual sectors reveals a nuanced picture of price movements in May. The primary articles category witnessed a substantial moderation in inflation, largely driven by easing food prices, as previously noted. Within this category, vegetables experienced significant price drops due to improved supply chains and favourable weather conditions. This downward pressure helped to offset some increases observed in other primary articles.

    Fuel and power also contributed significantly to the overall WPI easing. Petrol and diesel prices saw a notable decline, reflecting lower international crude oil prices and government measures aimed at reducing fuel taxes. This decrease had a cascading effect on transportation costs, further aiding disinflation. However, coal prices remained relatively stable, limiting the overall impact of the fuel and power category.

    In the manufactured products segment, several sub-sectors experienced price corrections. Basic metals, chemicals, and textiles all saw a moderation in wholesale price index inflation. This could be attributed to factors such as reduced input costs, subdued global demand, and increased domestic production capacity. Conversely, certain manufactured goods, such as machinery and equipment, witnessed slight price increases, potentially reflecting higher raw material costs or supply chain bottlenecks.

    Policy Implications Discussed

    The significant easing of WPI inflation to a 14-month low of 0.39% in May has prompted considerable discussion regarding its policy implications. The Reserve Bank of India (RBI) has already responded by revising its inflation projection for FY26 downwards, from 4% to 3.7%. This adjustment reflects the central bank’s confidence that the disinflationary trend will persist, creating space for potential monetary easing measures.

    Specifically, the data increases speculation about a possible repo rate cut in the coming months. With both WPI and CPI inflation trending downwards, the RBI may feel more comfortable reducing borrowing costs to stimulate economic activity. However, the central bank is likely to adopt a cautious approach, closely monitoring global economic conditions and potential risks to the inflation outlook, such as fluctuations in crude oil prices or unexpected supply chain disruptions. The 0.39% figure will be scrutinized alongside other economic indicators.

    Furthermore, the easing of wholesale price index inflation could influence government policies aimed at supporting specific sectors. For instance, the government may consider targeted interventions to address challenges faced by industries experiencing price declines, such as providing subsidies or incentives to boost production and competitiveness. This could be a way to turn the economic boost into long term growth. Conversely, sectors facing upward price pressures may warrant closer monitoring to prevent inflationary spillovers into the broader economy. The WPI data provides valuable insights for policymakers to fine-tune their strategies and ensure sustainable economic growth.

    Expert Analysis Provided

    Economists and market analysts are closely examining the latest WPI data to understand the underlying dynamics and potential future trajectory of inflation. Several experts believe that the 0.39% figure for May, a 14-month low, is a positive sign, indicating that the measures taken by the government and the RBI are starting to yield results. They point to the broad-based nature of the disinflation, encompassing food, fuel, and manufactured products, as evidence of a sustained downward trend.

    However, some analysts remain cautious, highlighting potential risks that could disrupt the current disinflationary path. They emphasize the importance of monitoring global commodity prices, particularly crude oil, and geopolitical developments, which could lead to supply chain disruptions and renewed inflationary pressures. Additionally, they note that the base effect, which has contributed to the recent decline in inflation, may fade in the coming months, potentially leading to a slower pace of disinflation.

    Several economists also highlight the impact of the easing inflation on corporate profitability. With input costs declining, companies may experience improved margins, potentially leading to increased investment and job creation. However, they caution that this benefit may be unevenly distributed across sectors, with some industries benefiting more than others. Experts generally agree that the current economic climate presents an opportunity for the government to implement structural reforms aimed at enhancing productivity and competitiveness, which would support sustainable economic growth and further tame inflation. This WPI data and the resulting economic boost, if managed well, could lead to long-term stability.

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