SME

The Confederation of Women Entrepreneurs (COWE), a non-profit organization with a vision to build an economically empowered women force, recently achieved the status of National Institute for Micro, Small and Medium Enterprises (ni-msme); informed P. Soudhamini, President of COWE.

Indian exporters of Iron ore are facing tough time these days. This year’s iron ore exports from India have sharply declined by 72 percent. This decline is expected to bring a major slowdown in the iron ore exports market. However, experts have analysed that government policies towards preservation of key natural resources for domestic use is the main reason for such major negative impact.

India’s apex trade body, the Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the approval of the Defence Procurement Procedure (DPP) 2013 unveiled by the Ministry of Defence (MoD) last week and said that the move is a “a major step forward” to boost domestic industries.

The maker of Amul brand products Gujarat Cooperative Milk Marketing Federation’s managing director R S Sodhi recently said that, to achieve sustainable growth and wealth, the Small and Medium Enterprises (SMEs) must create their own brand irrespective of the size of their businesses.

The new Nasscom Chairman, MindTree MD and CEO, K Natarajan said that technology needs in India, driven by SMEs (small and medium enterprises), presents huge opportunities for the IT sector.