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President's Message
" Efforts being made by Central Government on ‘Ease of Doing Business’ seems to have started bearing fruits. India recorded a dramatic jump in World Competitiveness rankings (the World Economic Forum) to reach to 55th position in the league of 144 countries! Closer to the ground, the MSME registration process has been hugely simplified by Ministry of MSME. From the earlier cumbersome two stage process through 24-page-Form called Enterprise Memorandum (EM) 1 and 2, the new process called ‘Udyog Aadhar’ is online and takes just a few minutes to complete! Thus involvement of any central/state govt. personel or any individual is negated and it's totally a self-declaration. In the country where over 90% of enterprises are un-registered (i.e. we do not have any idea about who they are and what do actually they do) this is an important reform and can be a game changer. Further, to ease access to government support schemes being operated by multiple agencies, MSME Ministry has developed a compendium of such schemes (msme.gov.in). Let’s be optimistic of greater traction on issues such as access to public procurement and credit/delayed payments issues which are a great hindrance to us also.
"
FISME along with the Commonwealth Secretariat (London) today conducted a National Workshop of MSME associations in which representatives from more than 40 MSME associations from across the country actively participated.
The workshop was conducted with an aim to upgrade and link the Indian MSMEs with the Global Value Chains (GVCs).
Additional Secretary, Ministry of MSME, S N Tripathi was the chief guest for the event.
While addressing the event, Tripathi assured that the government will make doing business easier for MSME.
Speaking about the event he acknowledged that the event provided opportunity for a structured discussion on how to link Indian SMEs with the GVC.
The Federation of Indian Micro and Small & Medium Enterprises (FISME) hosted a two day meeting of the Operational Committee of the SME group of SAARC Trade Promotion Network (TPN), an initiative of 28 member Federations and Chambers from all SAARC countries to upscale the trade within the countries of South Asia. The initiative is being actively supported by GIZ, the German Development Organisation.
Addressing the Group during the inaugural session, Anil Bhardwaj, Secretary General, FISME, mentioned the importance of regional trading in global markets and stressed upon the need for multi-folding intra SAARC trade.
In every new business, as in every sales territory, problems happen. Reacting to a customer crisis is always more expensive to recover, than to view a problem brewing, and head it off with proper actions. That mentality has to be part of the culture of every startup team member from the start.
The August numbers for the Index of Industrial Production(IIP) and the September numbers for the Consumer Price Index have been released. They both support the view that the economy is in a recovery phase, which should logically lead to higher growth as well as higher inflation numbers.
Consumer price index-based inflation for the month of September reversed a two-month easing streak and rose 4.41 per cent year-over-year, due to higher food retail prices.
Retail inflation for August was 3.74 per cent and for July was 3.69 per cent, an eight-month low. CPI food inflation for September rose nearly four per cent over a year before, on the back of poor rainfall, compared with 2.2 per cent in August.
Monsoon season rain has been 14 per cent less than normal, with a drought-like situation in parts of Maharashtra, Karnataka and Bihar.
Showing signs of recovery and cause for some cheer, the Index of Industrial Production (IIP) rose to a three year high in August 2015 owing to robust manufacturing. While sectors such as gems and jewellery and apparel contributed to growth among others, steel and instant food mixes were among the slowest growing.
The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2015 were released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, as per official data released on Monday.
Fuelled by $100 million flowing into the country's startups every week, the number of startups founded in the country has grown by 40% in 2015 over the previous year, said Nasscom's latest report on the Indian startup ecosystem.
India is the third biggest startup ecosystem with more than 4,200 founded and it is expected that the country will receive $6.5 billion in funding in 2015. The largest startup ecosystems are the US (47,000-48,000 startups) and UK (4,500-5,000). Israel and China follow India.
Online retailer Snapdeal, said it will disburse loans worth Rs 1,000 crore to assist small and medium enterprises (SMEs) listed on its platform under its seller financing platform.
At the launched of a report ‘Impact of e-commerce on SMEs in India’ here on Tuesday, Co-founder and chief executive, Snapdeal, Kunal Bahl said the company has already provided loans worth Rs 200 crore in order to help sellers meet their working capital requirements.
The aim is to provide sellers on its platform access to funding to meet their working capital needs, among others, as they look to expand their businesses. Sellers with less than one year of business can also be financed under this programme.
For many years, muted revenue collections meant delayed or no tax refunds for India Inc., especially exporters. Facing a revenue shortfall in the first half of every financial year, North Block would issue an unwritten instruction to field officials to hold back refunds.
This year, there will be a break from the past, with a directive going out to the field to release all refunds amid preparations to start on a clean slate for the goods and services tax, which the government hopes to implement from April 1, 2016.
The MSME Ministry has proposed to enhance the investment limit in plant and machinery for manufacturing up to Rs 50 lakh for micro, Rs 10 crore for small and Rs 30 crore for medium enterprises.
Ministry has proposed to enhance the limit of investment in plant and machinery by way of an amendment to MSMED Act, 2006, the Ministry said in a background note.
Meanwhile, for the services sector, the Ministry has proposed to enhance the limit upto Rs 20 lakh for micro, Rs 5 crore for small and Rs 15 crore for medium enterprises.
The sum total of sentiment at India's most prestigious startup event was akin to the mood in India at the moment — the promise and excitement of endless possibility, mingled with reminders that the road to enduring success is a long, hard slog.
At the Jio Economic Times Startup Awards on Monday night, toasts were raised to celebrate the finest achievement by a new generation of Indian entrepreneurs, and hopes expressed that from among the ranks of the middle class will spring forth startup founders whose companies can transform India and the world.
While the nation is high on digital India, government bodies that are working to rejuvenate their indigenous art forms, especially textiles are tying up with ecommerce platforms as one of their major brand building exercise.
Hand painted Bhagalpuri silks, traditional ikkats from Orissa, Gadwal silks from Andhra and many more such weaves would now be available on platforms like Flipkart, Amazon, ebay and others.
While most of the state handloom bodies already have a website of their own to sell their produce, they are opting for the popularity of established e-commerce platforms to get a wider customer base globally . IndianRoots.com has just signed a MoU with the department of Industries, Government of Bihar for a five year agreement.
he outstanding credit amount for a sector is considered to be a good measure for the growth curve of any sector. Under this parameter the ‘Medium’ sector of Indian industry is continuously shrinking. Data released by Reserve Bank of India for end August, 2015 shows the outstanding credit to the Medium sector has shrunk by 5.6 per cent over one year, i.e. between August 2014 and August 2015.
Not only that this reduction in credit offtake is happening over an 8.8 per cent decrease in credit offtake between August 2013 and August 2014.
To help industrial development using bamboo as the main resources in the state, Oriental College, Imphal in association with Bamboo Forum of India and Centre for Rural Employment and Development Organisation, Manipur is organising an international bamboo conference cum workshop here from October 22 to 26.
“As bamboo is found abundant in the state, the need is felt to develop the state industrially using bamboo as the main resources. There is no emerging growth in the ‘industrial revolution’ of the state Manipur, the reasons may be many, one aspect which the majority felt is the road and transport conditions and its terrain structures of the state,” said a release.
Rajasthan Chief Minister Vasundhara Raje today released the state's first startup policy to promote sustainable entrepreneurship in the state.
Raje unveiled the policy during the inauguration of the two-day national level 'Rajasthan Startup fest 2015' in Sitapura area, where she highlighted the importance and role of start-ups in the economy.
"This is going to make a difference for the state. Interesting things are happening today in entrepreneurship, which is a very dynamic field," Raje said.
To service micro and small units involved in furniture manufacture at a cluster here, a common facility centre (CFC) has been proposed at a cost of Rs 15 crore, according to a media report.
This was decided at a meeting of furniture manufacturers held here on October-9. In this regard, a Cluster Development Consultative Committee was constituted to promote the CFC and Branch Manager of SIDCO, S Yasodhanan, was nominated as the chairman, the Hindu report said.
The 30th India Carpet Expo, an exclusive trade fair for handmade carpets and other floor-coverings is expected to see the presence of over 440 overseas carpet buyers from 60 countries.
As many as 220 overseas carpet buyers along with 180 buying representatives were present on the very first day of the fair being held from October 11 to 14 here.
Organised by the Carpet Export Promotion Council (CEPC), the fair showcases the creations of cottage based, employment oriented handmade carpet industry that provides employment to millions of artisans/weavers, particularly those belonging to weaker sections of the society in rural areas.
Startup Village, Kerala's start-up incubation experiment backed by Infosys co-founder Kris Gopalakrishnan, is all set to expand into other states.
According to its 1000-Day Impact Report, 533 incubated start-ups have created a total of 2889 new jobs.
Now, the vision of the team behind the village is to take it to other states, mainly through digital
Gopalakrishnan, a Kerala native who is chief mentor of the Incubator, said that the interest shown in SV has brought about a cultural change in the state towards entrepreneurship.
India and Ecuador on Friday signed an agreement to set up a Joint Economic and Trade Committee (JETCO) to with the aim of further improving, deepening and strengthening the existing trade relationship between the two countries.
The Protocol for the establishment of the India-Ecuador Joint Economic and Trade Committee (JETCO) was signed during the meeting of Ambassador of Ecuador to India, Mentor Villagomez and Commerce Secretary, Rita Teotia.
They also discussed measures to enhance bilateral trade and investment relations between both the countries.
During the year 2014-15, the bilateral trade between the two countries stood at US USD 1290.77 million.
The Export Promotion Council for Handicrafts (EPCH) and Port Trade Centre, Uruguay have entered into an agreement to provide Indian handicrafts exporters higher access to Latin American markets.
According to a media report, a memorandum of understanding was signed with an aim to create exports opportunities for Indian handicrafts exporters in Latin American markets through a permanent Indian bonded fair for exhibiting Indian handicrafts products.
The council has undertaken various initiatives to promote the export of handicrafts in the Latin American region through participation in various trade shows, organising buyer seller meets and festivals of India.
A delegation led by French envoy Francois Richier met top officials of Union Territory administration and discussed a range of areas of cooperation including the Smart City project and providing high-speed connectivity between Chandigarh and Delhi.
Delegation also called on Punjab and Haryana Governor Kaptan Singh Solanki, held detailed discussions with Adviser to Chandigarh Administrator, Vijay Kumar Dev and other top UT officials. In a joint press conference with Dev, Richier said, the visit of the delegation to Chandigarh was a followup of the visit of Prime Minister Narendra Modi to France in April this year, during which it had been agreed upon by the Indian and French sides to cooperate in various areas including the ones of relevance to Chandigarh.
Singapore's small and medium enterprises (SMEs) should move out of their "comfort zone" and go regional, especially enter the Indian market, a top Singapore-India chamber official has said.
Speaking at a forum over the weekend, Singapore Indian Chamber of Commerce and Industry ( SICCI) Chairman R Theyvandran asked the SMEs to venture into India as the time is right with a stable economy.
"India is now on a great drive to attract many industries," Theyvandran told some 200 businessmen at the "India-Singapore Trade: Challenges & Opportunities."
An MSME delegation from Jammu and Kashmir participated at the 30th International Packaging and Food Processing Systems Exhibition (IPAK) held from September 3 to 6, 2015 in Istanbul, Turkey.
A delegation of twelve members of registered micro, small and medium enterprises (MSMEs) representing various industries such as food processing, packaging, cement, packaging tapes, building material and house hold products was led by Bari Brahmana Industries Association (BBIA) President, Lalit Kumar Mahajan.
Do you believe the economy will be able to take the economic burden of implementing OROP?
According to the FISME Factor, 40 percent of Micro, Small and Medium Enterprises (MSMEs) agree that we can expect more US companies will be investing in India post PM’s visit while 40 percent think otherwise.
Entrepreneurs need to lay seeds for present as well as future
Think of the last time you ate a juicy apple. That apple was the product of a tree somewhere. That tree was the successful outcome of a seed of another apple from another tree. Who knows how many apples produced seeds that were redundant and how many trees produced apples that didn't give rise to anything. But, the important thing here is the tree's ability to produce apples that produce more trees and apples.
Uncorked! The Pre & Post Funding Compliances for Start-ups
Hey, you have put in all the labour, figured out the jig-saw puzzle, got everything in the right place and you have launched that great Idea of yours - Lo and behold! You got the response - More than what was expected - Man its working!
And just when you have not even basked properly in your success there starts looming another major hurdle to cross in your journey - Funding!
Yes if I were to ask any of the entrepreneurs at this stage the answer is simple and almost as spontaneous as a reflex - Yeah man, it’s funding on my mind!
A successful idea always has a blueprint to support it. It's the only way to keep moving forward with the idea, without hitting a road-block that can cost you time, money and wasted efforts. The same holds true for an effective marketing campaign as well. The right marketing blueprint helps you create a brand identity and then fortify it for maximized gains.
'India needs to be integrated into global trade pacts'
As the US and 11 other nations reached a landmark deal on the Trans-Pacific Partnership which aims to become the world's largest free-trade zone linking 40 per cent of the global economy, a top US industry advocacy has argued for India's integration into global trade pacts.
"For India to reach its ambitious economic growth targets, it needs to be integrated into global trade pacts, especially those that drive commerce in the dynamic Asia Pacific region," Mukesh Aghi, president of US India Business Council (USIBC) said after the deal on TPP was announced by the US and 11 other countries recently.
Three entrepreneurs join hands to breathe new life into khadi and take it to new places
The Mahatma meant it to be the "sun of the village solar system". "Khadi," he wrote in Young India in 1927, "sits well on the shoulders of the poor, and it can be made, as it was made in the days of the yore, to adorn the bodies of the richest and the most artistic men and women."
Eco-friendly battery made from waste material developed
An environment friendly battery made from waste material, that can work continuously for 72 hours with no electricity required for its charging, has been developed by a private educational institute.
The 'Fly Ash Battery' developed by Amity University is a novel ash and activated carbon based battery comprising of aluminum anode and amorphous carbon with graphite.
Dr W Selvamurthy, President, Amity Science, Technology and Innovation Foundation stated that the battery is a revolutionary technology which could work continuously for 72 hours and generate 0.85 volt voltage and 100mA current density for a single cell.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released quick estimates of index of industrial production and use-based index for the month of August 2015.
“ Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself. ”
– Oprah Winfrey, an American media proprietor, talk show host, actress, producer, and philanthropist.
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
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" Efforts being made by Central Government on ‘Ease of Doing Business’ seems to have started bearing fruits. India recorded a dramatic jump in World Competitiveness rankings (the World Economic Forum) to reach to 55th position in the league of 144 countries! Closer to the ground, the MSME registration process has been hugely simplified by Ministry of MSME. From the earlier cumbersome two stage process through 24-page-Form called Enterprise Memorandum (EM) 1 and 2, the new process called ‘Udyog Aadhar’ is online and takes just a few minutes to complete! Thus involvement of any central/state govt. personel or any individual is negated and it's totally a self-declaration. In the country where over 90% of enterprises are un-registered (i.e. we do not have any idea about who they are and what do actually they do) this is an important reform and can be a game changer. Further, to ease access to government support schemes being operated by multiple agencies, MSME Ministry has developed a compendium of such schemes (msme.gov.in). Let’s be optimistic of greater traction on issues such as access to public procurement and credit/delayed payments issues which are a great hindrance to us also.
"
FISME along with the Commonwealth Secretariat (London) today conducted a National Workshop of MSME associations in which representatives from more than 40 MSME associations from across the country actively participated.
The workshop was conducted with an aim to upgrade and link the Indian MSMEs with the Global Value Chains (GVCs).
Additional Secretary, Ministry of MSME, S N Tripathi was the chief guest for the event.
While addressing the event, Tripathi assured that the government will make doing business easier for MSME.
Speaking about the event he acknowledged that the event provided opportunity for a structured discussion on how to link Indian SMEs with the GVC.
The Federation of Indian Micro and Small & Medium Enterprises (FISME) hosted a two day meeting of the Operational Committee of the SME group of SAARC Trade Promotion Network (TPN), an initiative of 28 member Federations and Chambers from all SAARC countries to upscale the trade within the countries of South Asia. The initiative is being actively supported by GIZ, the German Development Organisation.
Addressing the Group during the inaugural session, Anil Bhardwaj, Secretary General, FISME, mentioned the importance of regional trading in global markets and stressed upon the need for multi-folding intra SAARC trade.
Consumer price index-based inflation for the month of September reversed a two-month easing streak and rose 4.41 per cent year-over-year, due to higher food retail prices.
Retail inflation for August was 3.74 per cent and for July was 3.69 per cent, an eight-month low. CPI food inflation for September rose nearly four per cent over a year before, on the back of poor rainfall, compared with 2.2 per cent in August.
Monsoon season rain has been 14 per cent less than normal, with a drought-like situation in parts of Maharashtra, Karnataka and Bihar.
Showing signs of recovery and cause for some cheer, the Index of Industrial Production (IIP) rose to a three year high in August 2015 owing to robust manufacturing. While sectors such as gems and jewellery and apparel contributed to growth among others, steel and instant food mixes were among the slowest growing.
The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of August 2015 were released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation, as per official data released on Monday.
Fuelled by $100 million flowing into the country's startups every week, the number of startups founded in the country has grown by 40% in 2015 over the previous year, said Nasscom's latest report on the Indian startup ecosystem.
India is the third biggest startup ecosystem with more than 4,200 founded and it is expected that the country will receive $6.5 billion in funding in 2015. The largest startup ecosystems are the US (47,000-48,000 startups) and UK (4,500-5,000). Israel and China follow India.
Online retailer Snapdeal, said it will disburse loans worth Rs 1,000 crore to assist small and medium enterprises (SMEs) listed on its platform under its seller financing platform.
At the launched of a report ‘Impact of e-commerce on SMEs in India’ here on Tuesday, Co-founder and chief executive, Snapdeal, Kunal Bahl said the company has already provided loans worth Rs 200 crore in order to help sellers meet their working capital requirements.
The aim is to provide sellers on its platform access to funding to meet their working capital needs, among others, as they look to expand their businesses. Sellers with less than one year of business can also be financed under this programme.
For many years, muted revenue collections meant delayed or no tax refunds for India Inc., especially exporters. Facing a revenue shortfall in the first half of every financial year, North Block would issue an unwritten instruction to field officials to hold back refunds.
This year, there will be a break from the past, with a directive going out to the field to release all refunds amid preparations to start on a clean slate for the goods and services tax, which the government hopes to implement from April 1, 2016.
The MSME Ministry has proposed to enhance the investment limit in plant and machinery for manufacturing up to Rs 50 lakh for micro, Rs 10 crore for small and Rs 30 crore for medium enterprises.
Ministry has proposed to enhance the limit of investment in plant and machinery by way of an amendment to MSMED Act, 2006, the Ministry said in a background note.
Meanwhile, for the services sector, the Ministry has proposed to enhance the limit upto Rs 20 lakh for micro, Rs 5 crore for small and Rs 15 crore for medium enterprises.
The sum total of sentiment at India's most prestigious startup event was akin to the mood in India at the moment — the promise and excitement of endless possibility, mingled with reminders that the road to enduring success is a long, hard slog.
At the Jio Economic Times Startup Awards on Monday night, toasts were raised to celebrate the finest achievement by a new generation of Indian entrepreneurs, and hopes expressed that from among the ranks of the middle class will spring forth startup founders whose companies can transform India and the world.
While the nation is high on digital India, government bodies that are working to rejuvenate their indigenous art forms, especially textiles are tying up with ecommerce platforms as one of their major brand building exercise.
Hand painted Bhagalpuri silks, traditional ikkats from Orissa, Gadwal silks from Andhra and many more such weaves would now be available on platforms like Flipkart, Amazon, ebay and others.
While most of the state handloom bodies already have a website of their own to sell their produce, they are opting for the popularity of established e-commerce platforms to get a wider customer base globally . IndianRoots.com has just signed a MoU with the department of Industries, Government of Bihar for a five year agreement.
he outstanding credit amount for a sector is considered to be a good measure for the growth curve of any sector. Under this parameter the ‘Medium’ sector of Indian industry is continuously shrinking. Data released by Reserve Bank of India for end August, 2015 shows the outstanding credit to the Medium sector has shrunk by 5.6 per cent over one year, i.e. between August 2014 and August 2015.
Not only that this reduction in credit offtake is happening over an 8.8 per cent decrease in credit offtake between August 2013 and August 2014.
To help industrial development using bamboo as the main resources in the state, Oriental College, Imphal in association with Bamboo Forum of India and Centre for Rural Employment and Development Organisation, Manipur is organising an international bamboo conference cum workshop here from October 22 to 26.
“As bamboo is found abundant in the state, the need is felt to develop the state industrially using bamboo as the main resources. There is no emerging growth in the ‘industrial revolution’ of the state Manipur, the reasons may be many, one aspect which the majority felt is the road and transport conditions and its terrain structures of the state,” said a release.
Rajasthan Chief Minister Vasundhara Raje today released the state's first startup policy to promote sustainable entrepreneurship in the state.
Raje unveiled the policy during the inauguration of the two-day national level 'Rajasthan Startup fest 2015' in Sitapura area, where she highlighted the importance and role of start-ups in the economy.
"This is going to make a difference for the state. Interesting things are happening today in entrepreneurship, which is a very dynamic field," Raje said.
To service micro and small units involved in furniture manufacture at a cluster here, a common facility centre (CFC) has been proposed at a cost of Rs 15 crore, according to a media report.
This was decided at a meeting of furniture manufacturers held here on October-9. In this regard, a Cluster Development Consultative Committee was constituted to promote the CFC and Branch Manager of SIDCO, S Yasodhanan, was nominated as the chairman, the Hindu report said.
The 30th India Carpet Expo, an exclusive trade fair for handmade carpets and other floor-coverings is expected to see the presence of over 440 overseas carpet buyers from 60 countries.
As many as 220 overseas carpet buyers along with 180 buying representatives were present on the very first day of the fair being held from October 11 to 14 here.
Organised by the Carpet Export Promotion Council (CEPC), the fair showcases the creations of cottage based, employment oriented handmade carpet industry that provides employment to millions of artisans/weavers, particularly those belonging to weaker sections of the society in rural areas.
Startup Village, Kerala's start-up incubation experiment backed by Infosys co-founder Kris Gopalakrishnan, is all set to expand into other states.
According to its 1000-Day Impact Report, 533 incubated start-ups have created a total of 2889 new jobs.
Now, the vision of the team behind the village is to take it to other states, mainly through digital
Gopalakrishnan, a Kerala native who is chief mentor of the Incubator, said that the interest shown in SV has brought about a cultural change in the state towards entrepreneurship.
India and Ecuador on Friday signed an agreement to set up a Joint Economic and Trade Committee (JETCO) to with the aim of further improving, deepening and strengthening the existing trade relationship between the two countries.
The Protocol for the establishment of the India-Ecuador Joint Economic and Trade Committee (JETCO) was signed during the meeting of Ambassador of Ecuador to India, Mentor Villagomez and Commerce Secretary, Rita Teotia.
They also discussed measures to enhance bilateral trade and investment relations between both the countries.
During the year 2014-15, the bilateral trade between the two countries stood at US USD 1290.77 million.
The Export Promotion Council for Handicrafts (EPCH) and Port Trade Centre, Uruguay have entered into an agreement to provide Indian handicrafts exporters higher access to Latin American markets.
According to a media report, a memorandum of understanding was signed with an aim to create exports opportunities for Indian handicrafts exporters in Latin American markets through a permanent Indian bonded fair for exhibiting Indian handicrafts products.
The council has undertaken various initiatives to promote the export of handicrafts in the Latin American region through participation in various trade shows, organising buyer seller meets and festivals of India.
A delegation led by French envoy Francois Richier met top officials of Union Territory administration and discussed a range of areas of cooperation including the Smart City project and providing high-speed connectivity between Chandigarh and Delhi.
Delegation also called on Punjab and Haryana Governor Kaptan Singh Solanki, held detailed discussions with Adviser to Chandigarh Administrator, Vijay Kumar Dev and other top UT officials. In a joint press conference with Dev, Richier said, the visit of the delegation to Chandigarh was a followup of the visit of Prime Minister Narendra Modi to France in April this year, during which it had been agreed upon by the Indian and French sides to cooperate in various areas including the ones of relevance to Chandigarh.
Singapore's small and medium enterprises (SMEs) should move out of their "comfort zone" and go regional, especially enter the Indian market, a top Singapore-India chamber official has said.
Speaking at a forum over the weekend, Singapore Indian Chamber of Commerce and Industry ( SICCI) Chairman R Theyvandran asked the SMEs to venture into India as the time is right with a stable economy.
"India is now on a great drive to attract many industries," Theyvandran told some 200 businessmen at the "India-Singapore Trade: Challenges & Opportunities."
An MSME delegation from Jammu and Kashmir participated at the 30th International Packaging and Food Processing Systems Exhibition (IPAK) held from September 3 to 6, 2015 in Istanbul, Turkey.
A delegation of twelve members of registered micro, small and medium enterprises (MSMEs) representing various industries such as food processing, packaging, cement, packaging tapes, building material and house hold products was led by Bari Brahmana Industries Association (BBIA) President, Lalit Kumar Mahajan.
According to the FISME Factor, 40 percent of Micro, Small and Medium Enterprises (MSMEs) agree that we can expect more US companies will be investing in India post PM’s visit while 40 percent think otherwise.
Think of the last time you ate a juicy apple. That apple was the product of a tree somewhere. That tree was the successful outcome of a seed of another apple from another tree. Who knows how many apples produced seeds that were redundant and how many trees produced apples that didn't give rise to anything. But, the important thing here is the tree's ability to produce apples that produce more trees and apples.
Hey, you have put in all the labour, figured out the jig-saw puzzle, got everything in the right place and you have launched that great Idea of yours - Lo and behold! You got the response - More than what was expected - Man its working!
And just when you have not even basked properly in your success there starts looming another major hurdle to cross in your journey - Funding!
Yes if I were to ask any of the entrepreneurs at this stage the answer is simple and almost as spontaneous as a reflex - Yeah man, it’s funding on my mind!
A successful idea always has a blueprint to support it. It's the only way to keep moving forward with the idea, without hitting a road-block that can cost you time, money and wasted efforts. The same holds true for an effective marketing campaign as well. The right marketing blueprint helps you create a brand identity and then fortify it for maximized gains.
As the US and 11 other nations reached a landmark deal on the Trans-Pacific Partnership which aims to become the world's largest free-trade zone linking 40 per cent of the global economy, a top US industry advocacy has argued for India's integration into global trade pacts.
"For India to reach its ambitious economic growth targets, it needs to be integrated into global trade pacts, especially those that drive commerce in the dynamic Asia Pacific region," Mukesh Aghi, president of US India Business Council (USIBC) said after the deal on TPP was announced by the US and 11 other countries recently.
The Mahatma meant it to be the "sun of the village solar system". "Khadi," he wrote in Young India in 1927, "sits well on the shoulders of the poor, and it can be made, as it was made in the days of the yore, to adorn the bodies of the richest and the most artistic men and women."
An environment friendly battery made from waste material, that can work continuously for 72 hours with no electricity required for its charging, has been developed by a private educational institute.
The 'Fly Ash Battery' developed by Amity University is a novel ash and activated carbon based battery comprising of aluminum anode and amorphous carbon with graphite.
Dr W Selvamurthy, President, Amity Science, Technology and Innovation Foundation stated that the battery is a revolutionary technology which could work continuously for 72 hours and generate 0.85 volt voltage and 100mA current density for a single cell.
“ Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself. ”
