Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget
Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget During a pre-Budget consultation with Finance Minister Nirmala Sitharaman, economists stressed the importance of focusing the upcoming Budget on employment generation and strengthening the manufacturing sector. Highlighting concerns over unemployment, they urged the government to prioritize job creation. There was a consensus that with the […]
Bolstering the Aerospace Sector: The Vital Role of MSMEs and the Need for Government Support
Bolstering the Aerospace Sector: The Vital Role of MSMEs and the Need for Government Support The Indian aerospace and defense market is projected to soar to USD 54.4 billion by 2033, a significant leap from its valuation of USD 27.1 billion in 2024, growing at a CAGR of 6.99% during the forecast period. This rapid […]
New Challenges and Opportunities for the Dairy Industry Amid Changing Customer Behavior
New Challenges and Opportunities for the Dairy Industry Amid Changing Customer Behavior The dairy industry is currently navigating a landscape rich with opportunities and challenges. New sources such as plant-based dairy alternatives and a focus on sustainability, including precision farming and automation, are reshaping the sector. Additionally, the industry is expanding into new markets. Ravin […]
Women constitute 36% of workforce in Indian start-ups and SMEs, finds HerKey report
HerKey Report: Women Constitute 36% of Workforce in Indian Start-Ups and SMEs A recent HerKey study revealed that women represent 36% of the workforce in Indian startups and SMEs. The HerKey DivHERsity Benchmarking Report 2023–24 found that women make up 34% of the workforce across all surveyed companies, which included 300 firms. Large enterprises led […]
Startups Leverage ‘Value-Add’ Mentors for Growth
Startups Leverage ‘Value-Add’ Mentors for Growth Shared resource model enables PE, VC firms to oversee management Known for their expertise, ‘value-add professionals’ are becoming increasingly popular among private equity (PE) and venture capital (VC) firms. These firms are adopting a shared resource model, utilizing these experts to support their portfolio companies. Under this model, experts […]
Compliance Burden Hampers MSME Chemical Units
Compliance Burden Hampers MSME Chemical Units The extensive compliance requirements are stifling growth in India’s $220 billion chemical industry, particularly affecting MSMEs. Each unit in this labor-intensive sector must meet up to 635 compliance requirements monthly, posing a significant challenge, according to industry sources and analysts. Rishi Agrawal, co-founder and CEO of TeamLease RegTech, noted, […]
SBI Launches ‘SME Digital Business Loans’, Promising Sanction in 45 Minutes
SBI Launches ‘SME Digital Business Loans’, Promising Sanction in 45 Minutes The State Bank of India (SBI), the nation’s largest lender, has introduced ‘SME Digital Business Loans’ aimed at approving loans within 45 minutes. This initiative targets micro, small, and medium enterprises (MSMEs), which SBI has identified as key to its growth and profitability over […]
Policy Changes Expected from New Modi Government to Boost MSME Sector
Policy Changes Expected from New Modi Government to Boost MSME Sector With the newly elected NDA government led by Prime Minister Narendra Modi preparing to announce ministry allocations, several policy changes are anticipated to enhance job creation, entrepreneurship, and business growth. According to a report by CNBC-TV18, citing sources, at least nine policy changes are […]
How India is Poised Amid Global Demand Revival
How India is Poised Amid Global Demand Revival As global demand shows signs of revival, India must seize the opportunity to capitalize on this trend. In 2023, global demand was relatively subdued due to lower consumer consumption and rising inflation in key markets such as Europe and the US. This resulted in a decline in […]
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years
Leading Handset Body Urges New Government for Robust Policy to Quadruple Electronics Sector Output in 5 Years The Indian Cellular and Electronics Association (ICEA), representing major players like Apple, Foxconn, Dixon, Xiaomi, Oppo, Vivo, and others, emphasizes that the new government should focus on establishing a robust and predictable policy framework. This framework should incentivize […]