NATIONAL
SME growth in India
stunted by multiple-factors: ASSOCHAM
Non-availability of institutional
finance, low level of research and development and delays
due to multiple level of clearances are stunting growth of
small and medium enterprises (SMEs) in the country, industry
body Assocham has said.A survey conducted by ASSOCHAM on Indian
SMEs revealed that despite government's instruction to the
banks to grant loans of up to Rs 25 lakh to SMEs without any
collateral, the sector still faced difficulty in securing
loans. …more
D-Link tie-up with ICICI Bank
In an attempt to target Small
and Medium Business (SMB) customers across India, D-Link India
Ltd. today unveiled its easy-to-pay finance option in partnership
with ICICI Bank, India’s second largest bank. This partnership
would help SMB customers across the country to avail of exciting
EMI (Equated Monthly installment) options while buying their
D-Link networking solutions.
Announcing the scheme, Mr. Tushar Sighat, VP – Channel
Business, D-Link India Ltd. said, "By making our products
available at easy finance option, we will be able to broaden
our customer base by reaching out to a larger audience. D-Link
offers the widest range of products and a widespread network
of channel partners and retail outlets in India. Clubbed with
ICICI Bank’s nationwide network, the easy finance scheme
can surely be a winning combination for customers across India."
…more
Booming markets put us in top gear
Harshal Chavan has one bad
habit: he can be very finicky over details. He is a second
generation entrepreneur, now managing Harshal Equipment Private
Ltd, which is an OEM for material handling equipment and systems
as well as manufacturing of assorted custom made fabrication
items. The product range varies from simple trolleys to complex
systems like cranes, conveyors, hydraulic lifting platforms,
complex conveying systems and assembly lines.
His company designs, manufactures
and commissions the systems, thus providing a one-stop solutions
to all material handling problems. The foundation stone of
HEPL group was laid by his father ND Chavan in early 1970s.
Within two years of Harshal's joining, HEPL group expanded
its capacity by setting up HNC Engineering Equipment Private
Limited. The group has expertise in the field for over 40
years. His clients are in all major cities: Mumbai, Pune,
Ahmednagar, Aurangabad, Kolkata, Delhi, Bangalore, Kandla,
Daman, Vapi, etc. …more
India, GCC to launch 70-million-dollar fund for SME
development
India and Gulf countries have
jointly agreed to launch a 70-million-dollar fund for setting
up a holding company to promote Small and Medium enterprises
(SME) in both the regions.
Addressing a joint press conference
on the concluding day of the two-day 3rd Indo-GCC forum conference
here, Industrial Policy and Promotion Secretary Ajay Dua said
the holding company will have private and public sector participation
in India and GCC states to promote joint venture products
of SMEs. …more
Outstanding advances to SME sector moves from Rs 619.54
cr to Rs 1093.82 cr
Srinagar, June 7: The total outstanding advances to Small
and Medium Enterprises sector in Jammu and Kashmir has moved
from Rs 619.54 crore to Rs 1093.82 crore as on March 31 this
year. This was disclosed at the fourth meeting of Empowered
Committee set up in the state to review stepping up the credit
to SME. The meeting was presided over by O P Aggarwal, Regional
Director, Reserve Bank of India Jammu, who also informed of
the policy decisions taken by RBI and Government of India
and other developmental agencies concerning SME sector that
had taken place since the last meeting. …more
VSNL has teamed with Microsoft To penetrate the growing SME
market in India
VSNL has teamed with Microsoft
To penetrate the growing SME market in India, VSNL has teamed
with Microsoft to offer messaging tools. The Ready-access
business messaging and collaboration services provides secure,
enterprise grade messaging capabilities adopting a pay per
use basis, without the need for high up-front capital investments.
…more
Source: TMCnet
Rating can bring out SWOT analysis of enterprise
Infomerics Valuation and Rating
has a backing from a well-established company which thrives
on information on industry and the corporate world. V. Malik
& Associates Private Ltd (VMAPL) which was first incorporated
in June 1986, became VMA Infomerics Private Limited (VMAIPL)
in 2003.
In the last two years VMAIPL
took an initiative to build a business management consultancy
profile in information technology, entertainment, communications
(ICE) besides its basic education and research interests.
The main objective of the company has been to provide services
within the global opening of the GATS (WTO) and GAAP Financial
Services even while promoting acquisition and resource sharing
in international ventures overseas and providing Indian advisory
services to promote the disinvestments of state-owned enterprises.
…more
PM comes to SME sector's rescue
We cannot depend only on a
few large industrial houses and capitalists for driving our
industrialisation process. The employment-intensive nature
and the greater regional spread of SMEs make them an attractive
option for industrial growth'', said Dr Manmohan Singh during
the inauguration of the new campus of the Institute for Studies
in Industrial development in Delhi earlier on May 1.
The institute was founded
by former prime minister Chandra Sekhar. The provocation for
the prime minister's comment has been the news reports that
Indian billionaires operated in oligopolistic markets in sectors
where the government had given them special privileges. In
a rare show of candour Dr Singh said: ''this sounds like crony
capitalism. Are we encouraging crony capitalism? Is this a
necessary but transient phase in development of modern capitalism
in our country?''…more
MC3 framework, a metrics-based model launched to facilitates
organisations to continuously monitor business goals
Albert Einstein's E = MC2
formula (propagated in 1905) significantly transformed the
world by making nuclear fission as well as nuclear fusion
possible. This formula increased the human race's power manifold
and enabled it to achieve feats that were unimaginable before.
Although the MC2 formula may not be directly applicable to
the business world, any organisation (SME or otherwise) would
be more than happy to have a formula or a system that will
help it achieve extraordinary business success.
The good news is that such a formula has been devised, and
many organisations are actually using it to their advantage.
It is called the MC3 framework. The elements of MC3 are Motivation,
Calibration, Capability and Capacity. …more
INTERNATIONAL
India leads SaaS growth in Asia Pacific, says Springboard
Research
Software-as-a-Service, or
SaaS, revenues in India will exceed US$48 million by 2008,
up from US$7 million in 2005, according to a study by Springboard
Research. The analysts say this positions India as the fastest
growing SaaS market in Asia Pacific. The study also revealed
a mismatch: high levels of awareness, low levels of penetration,
among Indian SMBs.
SaaS is an emerging software
delivery model in which application software is delivered
remotely through a subscription-based fee rather than being
sold for perpetual use. The users do not buy the license of
the software, but only a right to use it. SaaS is also referred
to as On-Demand Software and On-Demand Application. …more
IFC Partners with Nepal’s Bank of Kathmandu
on Trade Finance and SME Development
IFC, the private sector arm
of the World Bank Group, is providing a $2 million facility
to the Bank of Kathmandu in Nepal, as part of its Global Trade
Finance Program. IFC Advisory Services in the region - the
IFC SouthAsia Enterprise Development Facility - will also
help the bank tailor a program for institutional capacity
building that will help enhance the bank’s services
to its small and medium enterprise clients.
Radhesh Pant, Bank of Kathmandu’s
Managing Director, said, “IFC’s Global Trade Finance
Program will help us expand our network of corresponding banks
and create new and valuable business opportunities for our
clients in Nepal and around the world. This program will enhance
visibility of Nepalese Banks in the Global Financial Market.
In addition, through the capacity building program being instituted
with IFC-SEDF’s advice and support, we hope to adopt
better risk management practices and enhance the overall access
to finance to small and medium enterprises in Nepal.”
…more
USD 500 mn investment in India by June: IFC
With India emerging as one
of the most preferred investment destinations globally, World
Bank's private equity arm, International Finance Corporation,
aims to cross 500-million-dollar mark in new investments by
June.
"IFC's currently-held portfolio is 1.3 billion dollar
(as of June 2006) making India its fourth-largest country
of operations. In FY 06-07 (ending June 30), we hope to surpass
the 500 million dollar level in new investments in India,"
IFC South Asia Senior Manager Sujoy Bose said. …more
ARTICLES
Will the power shortage trip the industry growth story?
The worst hit is the small
and medium scale sector in Maharashtra and Uttar Pradesh.
When there are power cuts the losses can balloon by twice
or thrice the rate of slowdown because of the spin-off effect
of the partial closure”. This, in a gist, tells the
story of the misery of the SME sector. When the state government
recently extended the closure days from one to two every week
for industrial units in Thane-Belapur and Vashi districts
near Mumbai the SMEs’ worst fears were getting confirmed.
Anil Tambe, who owns a lathe machine and fabrication unit
in the same industrial zone, told us that the loss of production
due to extensive load shedding is not just in the manhours
and in terms of wages that are paid, but also the interest
paid on raw materials, transport booked for the whole month,
etc. The situation around the country in states which are
faced by power scarcity is not any better. Many small-scale
units don’t have generators at factory premises as it
makes the products uncompetitively high priced. So the units
choose to keep their machines idle and pay workers for doing
nothing for two days a week. …more
CRM for small businesses
CRM 24x7’s success in
the Indian market in the CRM space can be gauged from the
fact that it has created a market for itself amidst the SAPs
and Oracles of the world. There are plenty of opportunities
for CRM 24x7 in the SMB space that wants niche solutions.
By Mohd Shariff PA
“There’s Plenty
of Room at the Bottom” are the words of Richard P. Feynman,
a world renowned physicist of the 1950s and how true this
phase is even in today’s business scenario. While the
enterprise application software (EAS) market that includes
ERP, CRM, SCM has already seen consolidation in the past two
years, CRM 24x7 started its Indian operations three years
back and has found solid ground in the CRM space. It has more
than a dozen customers using its CRM solutions in India with
a client list that includes Anna Aluminium, Bergen Systems,
Chloroplast, TVS Tread Pvt Ltd, Idea Designs, Navalogam Pvt.
Ltd, Nediyara Extrusions (P) Ltd and Tubes & Tubings and
the like. …more
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