India now has 4.5 crore registered MSMEs of which 98% are micro enterprises
India now has 4.5 crore registered MSMEs of which 98% are micro enterprises Of the 4.5 crore MSMEs, 4.4 crore or 98.1 per cent enterprises were micro units followed by 7.04 lakh small enterprises and 67,266 medium enterprises.The total number of micro, small and medium enterprises (MSMEs) in the country registered with the MSME Ministry […]
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G
DoT Launches Baseline Survey for MSMEs, Emphasizing Digital Evolution with 5G The Department of Telecommunications (DoT) has invited proposals from organizations and startups to develop a comprehensive Industry 4.0 baseline survey focused on the digital transformation of India’s MSME sector through 5G technologies. This survey aims to evaluate the current readiness of MSMEs in the […]
Holani Group Secures ₹184 Crore for New SME-Focused Fund
Holani Group Secures ₹184 Crore for New SME-Focused Fund The Holani Group has entered the fund management and investment sector following the Securities and Exchange Board of India (SEBI) approval for its Alternate Investment Fund earlier this year. Jaipur-based merchant banker and stockbroker Holani Consultants has raised ₹184 crore for its new SME-focused ₹300 crore […]
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 […]
Why Sustainability Reporting Matters for SMEs
Small Business, Big Impact: Why Sustainability Reporting Matters for SMEs A new guide from ACCA (the Association of Chartered Certified Accountants) recognizes the vital role Small and Medium-sized Enterprises (SMEs) play in global supply chains. Their guide, titled “Sustainability Reporting – SME Guide,” empowers SMEs to create the sustainability reports increasingly demanded by regulators and […]
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 […]
CRISIL SME Tracker: Higher demand, PLI to propel electronics MSMEs in FY25
CRISIL SME Tracker: Higher demand, PLI to propel electronics MSMEs in FY25 Various factors contributed to the growth, such as increasing penetration of internet and 5G services, rising consumer income, shorter replacement cycles, easier payment terms Domestic consumption of electronics items is estimated to have grown 13-15 per cent to Rs 14-15 trillion in the […]
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 […]
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 […]
NSE SME Indian Emulsifiers Makes a Blockbuster Debut
NSE SME Indian Emulsifiers Makes a Blockbuster Debut Shares of Indian Emulsifiers surged to Rs 450 on the NSE, reflecting a remarkable premium of 240.91% over the issue price of Rs 132. The stock was listed at Rs 430, marking a 225.76% premium compared to its initial public offer (IPO) price. Currently, the stock is […]