SME price preference may get
legal cover soon
Public sector companies and
states agencies may soon be legally bound to give preference
to small and medium enterprises (SMEs) in bidding process.
While 15% price preference is given to SMEs under National
Small Industries Corporation (NSIC) scheme, some PSEs and
states are not extending the same to them. “The government
proposes to include the scheme in the Micro, Small and Medium
Enterprises (MSME) Development Act, 2006 by issuing a gazette
notification,” an MSME ministry official said. More
7th Commonwealth Meet focusses
on SME business development
At the 7th Commonwealth-India
Business Competitiveness Development Programme, the focus
of discussions on Friday was indigenous business in SME. The
focus of discussions was indigenous business in SME development
and perspectives on this from the Commonwealth. More
Promoting SMEs for poverty alleviation
Kochi: A pan-Commonwealth
expo of SME (small and medium enterprises) products and rural
technologies, a cache of business sessions on themes like
SMEs as engines of growth and visits by Commonwealth country
delegates to SME units and a coir cluster in Cherthala will
be the highlights of the 7th Commonwealth-India Small Business
Competitiveness Development Programme that got under way here
Wednesday evening.The programme is a platform to bring countries
together to share their experiences in SME development, said
Jose Maurel, Director, Special Advisory Services Division
of the Commonwealth Secretariat. More
7 proposals for cluster model pilot
The state government is considering
seven proposals for undertaking a pilot project for the cluster
redevelopment of the old and dilapidated buildings in Mumbai.
The state has sought technical assistance for the project
from the World Bank. In a first of its kind urban renewal
initiative which aims at bringing about a planned development,
the state is mooting the pilot project to assess the ground
level impact of the model, which it says has transformed cities
like Shanghai, Singapore and Hong Kong. More
Chemicals, pharmaceuticals, textiles to lead
growth of SME sector in Mumbai
Mumbai: Provider of global
business information, Dun & Bradstreet says in a forthcoming
series on SME clusters in India that three sectors, pharmaceuticals,
textiles and chemicals will lead the growth of the SME sector
in Mumbai
The series will cover six
geographical clusters - Mumbai, Pune, Chennai, Hyderabad,
Gurgaon and Kolkata. These geographical areas have proven
effective in incubating industrial clusters, thus allowing
SMEs to flourish there-in. More
IBM Launches SME Operations in Bhubaneswar
IBM India has announced the
launch of its SMB operations in Bhubaneswar, as part of its
ongoing expansion strategy to enter into Tier 2 cities throughout
the country. The local operations will enable IBM to provide
better support to SME clients in and around Bhubaneswar, and
help its customers leverage IT for business growth.
Mid-market businesses will
also benefit from the new IBM Express Advantage initiative
that provides SMEs with a unified end-to-end approach to help
them innovate and expand. More
ICICI Bank conducts training workshop for
SMEs
ICICI Bank, India's second
largest bank today conducted its first training workshop for
Small and Medium Enterprises (SMEs) for using the SME Toolkit
effectively. The workshop was a curtain raiser for the classroom
training initiative that ICICI Bank along with Institute of
Management Studies (IMS) has developed for SMEs. The SMEs
will need to register themselves with IMS for complete classroom
training. ICICI Bank's focus is on localization of the SME
Toolkit content and tools. The latest software version, of
the SME Toolkit, Web 2.0, includes live chat, online forums,
and interactive business directories that create a global
community where smaller businesses can interact and collaborate.
More
SIDBI planning asset reconstruction co for
SMEs
New Delhi: Small Industries
Development Bank of India (SIDBI) said on Thursday that it
would within the next two months approach the Reserve Bank
of India for approval to set up an asset reconstruction company
(ARC) targeted at the small and medium enterprises (SME) sector.
More
Small firms showing impressive growth: Govt
KOCHI: Small firms are showing
impressive growth and in the process creating employment opportunities
despite facing various challenges Union Minister of Micro,
Small and Medium Enterprises Mahabir Prasad said on Tuesday.
Greater integration with world market has posed numerous challenges
and threats for the Small medium enterprises (SME) sector,
which are of far greater magnitude than those faced by the
large business enterprises, he said. More
|
Recent Projects
Disclaimer: