At the onset of the Cabinet Budget 2013-14, the Confederation of Indian Industry (CII) has submitted its pre-budget memorandum on behalf of Indian MSMEs with the government and other policy makers. The memorandum has been presented as a 10-point agenda representing various issues faced by the Indian MSME sector.
A website exclusively focused on food discount cards, New Delhi-based Khaugalideals.com helps foodies guard themselves against heavy restaurant bills. Started by 21-year-old Kartik Saboo, this innovative platform is looking to scale newer heights in this domain.
Lack of infrastructure in the mint processing industry in Uttar Pradesh’s Badaun district is adversely affecting production and product quality, according to manufacturers.
Borrowing from banks is the major source of funds and liquidity for most SMEs across India. What do banks look at when you approach them for funds? SupportBiz tells you exactly that in this article.
Kavi Arora, managing director and CEO, Religare Finvest, is also a member of CII’s National Council for SMEs. SupportBiz spoke to Arora on how India’s SMEs can build sustainable businesses. Edited excerpts:
The government in India, where exports have fallen 5.9 percent year-on-year in the first five months of the 2012-13 fiscal, should dole out more funds to help small to midsize enterprises market their wares in the international markets, according to the top lobby group for exporters in the country.
Given that startups and small businesses are funded through your hard-earned savings, every rupee saved can make a difference. A little patience and a little exploration can help you save precious money in hard times like these.
A majority of small businesses in India, Asia third largest economy, are unregistered, according to government estimates. Neither are they affiliated to a trade body nor do they possess a Shop and Establishment Act certificate.
As an entrepreneur, if there is one thing you do not want to risk – is your long term personal financial security. The unfortunate reality is that most MSME owners often make critical financial mistakes when financing start-ups; day-to-day operations and / or the growth of their businesses.
Mumbai-based Fresko Graffiti Studio is a student start-up, founded by a group of four friends – all painters with a creative touch. The Fresko team offers customized wall murals to its clients across Maharashtra and Delhi.