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Expert Opinion: MSME Budget Expectations

Yerram Raju
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Author: B. Yerram Raju

Budget support should be growth directed and any fund or grant should have a sunset clause. Hence, budget allocation should be restricted to the micro and small manufacturing enterprises as the services sector has the advantage of passing on the shortfall to the consumer and is also subject to GST after the threshold levels.

Scaling…

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How to become an Apparel consultant: Education, Experience and Skills

Dr. Roopak Vasishtha
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Author: Dr. Roopak Vasishtha

Are you looking to update your wardrobe but unsure and confused about what clothes and accessories to choose? An Apparel consultant can help! These professionals provide valuable advice and inputs on fashion and clothing selections, thus helping you make the right choices as per your personal style and needs. 

This…

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Listing of SMEs on Stock Exchanges – will 2023 usher a new paradigm?

Debashis Bandyopadhyay
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Author: Debashis Bandyopadhyay

World over, listing of Initial Public Offering (IPOs) are taken as maturity of fledgling Small and Medium Enterprises (SMEs). But in India the story so far is different. SMEs with decades of good growth and pink financial health prefer to shun listing in the exchanges, may be due to valid reasons.

But during the last couple of…

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Release of Gram Sabha Land for Industries – A Landmark in UP MSME Policy

Debashis Bandyopadhyay
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Author: Debashis Bandyopadhyay

The MSME Policy announced by the Uttar Pradesh Government recently provides for quite a few innovative solutions to the crucial problems faced by the MSMEs of the state. The most important may be allocation of Gram Sabha land for setting up of industrial estates. Availability of land as well as sky rocketing of land prices are the…

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Role of Small and Medium travel business key in road safety

Madhu Sudan Sharma
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Author: Madhu Sudan Sharma

Though there are several reasons of road accidents and crashes especially during this time of the year but over speeding and drunken driving is the main while going for a tour either by self-driven car or a hired taxi.

The common people usually avail the services of small and medium level tour operators, travel agents, taxi…

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Scope of growth in EV business and career opportunities for skilled person

Arindam Lahiri
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Author: Arindam Lahiri

Firstly, it is of the utmost importance to be aware that the Electric Vehicle (EV) industry is fundamentally multidisciplinary. This is because the industry requires the experience of experts who work in a variety of engineering subfields. Chemical engineers are exceptionally skilled in the chemistry of batteries, but electrical engineers are most equipped to determine the most…

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Is the wait for FTP over?

Debashis Bandyopadhyay
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Author: Debashis Bandyopadhyay

Finally, it appears the foreign trade policy, 2021-26 is going to be announced. Though there is no official announcement, media predict that the long delayed FTP is finally going to be released on 29 September, 2022.

The last FTP, originally for the five period of 2015-2020, was deferred twice in 2020 and 2021 citing the unprecedented…

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Factors leading to emergence of MSMEs from Bharat

Sundeep Mohindru
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Author: Sundeep Mohindru

The Government of India introduced MSME in accordance with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. In November 2021, the government introduced the Special Credit Linked Capital Subsidy Scheme for MSMEs (Micro Small and Medium Enterprises) within the service industries. Recent scheme involves a 25 per cent capital subsidy for the…

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The Way Forward for Manufacturing MSEs

Yerram Raju
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Author: B. Yerram Raju

  -- Despite the MSME Development Act, 2006, and Atmanirbhar Bharat Abhiyan package in the pandemic the manufacturing micro and small enterprises (MSEs) continue to suffer in the areas of credit, supply chains, and technologies. Mid corporates or the medium enterprises constituting just two per cent of the total MSMEs get better attention than the MSEs under the law. If after…

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Opinion: MSME vision falls short of reality

Yerram Raju
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By B Yerram Raju

  -- The Draft National MSME Policy, targeting V-shaped recovery after the Covid pandemic and the $5-trillion economy by 2025 (since extended by two years to 2027), seems to have seen the world more than India. There is a virtue in looking at the policies of other countries during the pandemic. However, the policy nowhere mentions…

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