After Bank’s it’s now the turn of Indian industry to look up to RBI for initiating growth process. With only few hours to go for RBI to unveil its credit policy, the Indian industry feels that the RBI should cut repo rate by 100 basis points, which would induce fresh investments.
The two-way trade between India and Vietnam is likely to reach seven billion dollars by 2015 from four billion dollars last year, Indian ambassador Ranjit Rae has said.
The Associated Chambers Of Commerce And Industry Of India (ASSOCHAM) is organizing a day-long ‘SMEs Sammelan - Meet Your Bankers' event on April 12 at Hotel Le Meridien , Delhi.
NYSE Euronext (NYX) is pleased to announce the priorities identified by members of its Strategic Planning Committee for SMEs at their first meeting, held 23 March 2012 in Paris, as well as the agenda the Committee has set itself. At this first session, it also reviewed the results of a survey of small and mid-caps conducted by TNS Sofres, reports 4traders.
At Singapore’s Enterprise Development Centre (EDC) Conference held recently, it was described how with the assistance of the Inland Revenue Authority off Singapore (IRAS), small and medium-sized enterprises (SMEs) can be helped to understand the government’s Productivity Innovation Credit programme, reports Tax-News.com
Business Minister Edwina Hart announced the new £40million Wales SME Investment Fund which is designed to create up to 4,000 jobs is now open for applications.Mrs Hart made the announcement during a visit to Biotec in Bridgend - one of Wales’ leading life science companies that is expanding operations following funding from the Welsh Government’s Economic Growth Fund and the Wales JEREMIE Fund.
Even while Rs 64,000 crore worth of investor money has been blocked in companies suspended from trading by stock exchanges, the Bombay Stock Exchange (BSE) has only made it difficult for retail investors to exit from more companies.
The National Innovation Council (NInC) aims to have around 50 innovation clusters covering the entire country by the end of 2012 to help out the Micro, Small and Medium Enterprises (MSMEs), Chairman Sam Pitroda said.
The contribution of Small and Medium Enterprises (SMEs) in the country's industrial production has increased up to 45% and SMEs have a tremendous scope in Nashik, according to the director of the MSME Development Institute, Mumbai, G M Ambhore, reports Times of India.
The Indian micro, small and medium enterprises (MSME) sector is in a position to work towards employment generation and regional dispersal, said Mr Virbhadra Singh, Union MSME Minister. The MSME sector also got potential to bring stability in Indian economy, reports Indiamarts.
Even though SME is a blue-chip sector where majority of innovations happen, the government’s priorities lie elsewhere which hinder the growth of the sector, said Dr. Anant Koppar, chairman and CEO, KTwo Technologies.
Bank credit to the country’s micro, small and medium enterprise (MSME) sector rose to 15.1 per cent of total bank credit at the end of March 2011 (provisional), from 13.4 per cent at the end of March 2010.
Following the lines of the state's 'Vision 2023' document released last week, the Tamil Nadu budget has emphasised that the state economy would improve with more Micro, Small and Medium Enterprises (MSME), higher skilled labour and a push for entrepreneurship, Times of India reports.
India presently has around 6400 industrial clusters, of which nearly 6000 are “low tech”. Poor technology adoption remains a major cause for poor operational and marketing competitiveness in the sector, reports IBNLive.
The Tamil Nadu budget presented in the State Assembly on Monday by Finance Minister, O Pannerselvam, proposes to announce a new industrial policy in tune with the Vision Tamil Nadu 2023 and a ‘New Entrepreneur-cum-Enterprise Development Scheme’ (NEEDS) from 2012-2013 onwards to assist educated youth to become first generation entrepreneurs.
