Non-metro cities’ Micro, Small, and Medium Enterprises (MSMEs) are surpassing their metro counterparts in Diwali sales this year, with an estimated ecommerce opportunity of a whopping USD 13 billion for Indian MSMEs during the festive season, according to a report by tech-enabled logistics platform and unicorn, Shiprocket. The report suggests that 10-15 per cent of […]
A total of 68 per cent of 635 United Kingdom (UK) companies in India are micro, small and medium enterprises (MSMEs), with 60 per cent having their parent headquartered in London, according to a joint report released by Grant Thornton Bharat and the Confederation of Indian Industry (CII) on Monday. In India, MSMEs form the […]
Meesho, the ecommerce marketplace, has said that it has made the platform inclusive for non-GST sellers. The platform has made significant technological adaptations which will enable non-GST sellers to start selling on the platform from 1 October 2023. This move comes in response to the recent announcement made by the GST Council that allows ecommerce […]
Jharkhand’s prized Tassar silk holds significant potential in both domestic and international markets, with the Central Silk Board and Khadi Board actively supporting its promotion, as stated by Governor CP Radhakrishnan. In an exclusive interview with the news agency PTI on Monday, the governor emphasized the need to boost the rural economy of the tribal-dominated […]
The Federation of Indian Export Organisations (FIEO) on Friday requested Union Finance Minister Nirmala Sitharaman to extend benefits till March 2024 that were provided under the Emergency Credit Line Guarantee Scheme (ECLGS). According to reports, the scheme ended in March 2023. The Emergency Credit Line Guarantee Scheme (ECLGS) was launched in May 2020 as part […]
Greaves Retail, the retail unit of Greaves Cotton, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital, a DataTech NBFC focused on MSME lending on Thursday announced its partnership to offer financing to dealers. Under this collaboration, UGRO Capital will offer an array of comprehensive […]
Amazon on Thursday announced a series of strategic initiatives at the fourth edition of the Amazon Smbhav Summit in New Delhi. The event brought together policy makers, industry leaders, startups, and Amazon executives to discuss ways to unlock the potential of a Digital India. Amazon’s initiatives are in line with its commitment to India’s growth […]
Indian micro, small and medium enterprises (MSMEs) contribute around 30 per cent to India’s gross domestic product (GDP), constitute nearly 40 per cent of total exports and provide employment to about 11 crore people; more than half of them are located in rural India. Despite challenges, the sector is the backbone of the nation’s economy. […]
Flipkart, India’s homegrown e-commerce brand celebrated the success of its initiatives to support MSMEs, artisans and weavers with initiatives like Flipkart Samarth, a program that aims to contribute to the socio-economic development of communities with a special focus on women and rural entrepreneurs, differently-abled entrepreneurs, artisans and weavers across India while promoting traditional arts and […]
Red Fort Capital funds Rs 100 million to Brick and Byte Innovative Products to support their working capital requirements. They are a sheet metal fabricator based in Navi Mumbai, Maharashtra. Their major customers include corporates like Bharat Electronics India, EON Global, Vertiv Energy, Tokheim, and more. Brick and Byte is a 20-year-old manufacturer with expertise […]
