Trent plans global retail push after acing it in India
Trent plans global retail push after acing it in India Noel Tata-led Trent is venturing into international markets with a flagship store in Dubai, targeting the Indian diaspora. Zudio, a key brand, has surpassed ₹7,000 crore in revenue in India. The company experienced another year of substantial growth in FY24, with net sales increasing by […]
Exploring the Impact of India’s Evolving GCC Landscape on Fintech Innovation for SME Sector Growth
Exploring the Impact of India’s Evolving GCC Landscape on Fintech Innovation for SME Sector Growth Through inventive strategies and cooperative endeavors, Global Capability Centers (GCCs) are playing a pivotal role in developing pioneering products and services aimed at fostering financial inclusivity. Initially established to capitalize on India’s cost-effectiveness, GCCs have evolved into crucial hubs for […]
Pharma and Electronics Manufacturing to Receive Boost in Modi 3.0
Pharma and Electronics Manufacturing to Receive Boost in Modi 3.0 Era With the BJP anticipated to secure a significant portion of seats in UP, Gujarat, Maharashtra, Telangana, and Himachal Pradesh, industry leaders foresee a continued emphasis on local manufacturing. These states serve as major manufacturing hubs for Active Pharmaceutical Ingredients (APIs) and electronic goods. As […]
Recordent Announces 100+ Meets to Connect 10,000 Indian SMEs Nationwide
Recordent Announces 100+ Meets to Connect 10,000 Indian SMEs Nationwide HYDERABAD: Fintech firm Recordent announced on Thursday its plan to host over 100 Knowledge Meets, engaging with more than 10,000 SMEs across India. These events aim to analyze and streamline payment collection practices for the SME sector, addressing challenges in cash flow management and credit […]
Display Manufacturing Needs Special Focus, Says ICEA
Display Manufacturing Needs Special Focus, Says ICEA The government is providing 50% fiscal support under the Rs 76,000-crore semiconductor incentive scheme for display fabrication. The India Cellular and Electronics Association (ICEA) emphasized on Tuesday the need for special attention to display manufacturing in India, which is currently the third-largest consumer of display products globally. Despite […]
Indian PE-VC Investment Declines in 2023; Manufacturing Sector Shows 20% CAGR Growth Over Two Years
Indian PE-VC Investment Declines in 2023; Manufacturing Sector Shows 20% CAGR Growth Over Two Years, Says Report The manufacturing sector in India has emerged as a strong investment opportunity, with around $2 billion in investments growing at a 20 percent CAGR over the last two years (2021–23). Indian private equity and venture capital (PE-VC) investments […]
IIT-Madras to Fund Sports-Tech Startups
IIT-Madras to Fund Sports-Tech Startups IIT-Madras is set to provide up to Rs 5 crore in funding to support innovative sports-tech startups in India, aiming to bridge technology and the sporting industry to enhance athletic excellence. These startups will focus on AI and IoT-based products incorporating sensors, networks, actuators, and controllers, leading to the creation […]
Public Procurement: Government Purchase of MSME Goods Reaches Record High in FY24
Government Purchase of MSME Goods Reaches Record High in FY24 In the financial year 2023-24, central public sector enterprises (CPSEs) set a new record in the procurement of goods and services from micro and small enterprises (MSEs). According to the MSME Ministry’s public procurement monitoring portal, MSME Sambandh, CPSEs procured goods worth Rs 75,253 crore […]
India’s Chemical Market Set to Reach $29.7 Billion by 2024 with Steady Expansion Ahead
India’s Chemical Market Set to Reach $29.7 Billion by 2024 with Steady Expansion Ahead The chemical sector’s growth is projected to create 1 million jobs in 2024, playing a crucial role in India’s economic landscape. India’s chemical market, valued at $220 billion in 2023, is poised to grow to $383 billion by 2030, with an […]
Red Sea Crisis: Government Must Support MSME Exporters
Red Sea Crisis: Government Must Support MSME Exporters The deteriorating security situation in the Red Sea has led to increased insurance rates and longer travel times for exporters. Logistics costs significantly impact the country’s manufacturing sector, export competitiveness, and global positioning. The Red Sea route, known for being shorter and faster, was the preferred choice […]