Global recession, reduced exports and now underpriced imports flooding the domestic market is the latest problem area for SMEs, according to a survey by the PHD Chamber. Dumping of cheap products has hurt Indian industries, especially sanitary ware, ceramic tiles, chemicals, pharmaceuticals, steel and others. China and other countries also see India as a huge market to unload low-priced items. ...

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Car companies are using the Internet and mobile phones to woo professionals and tech-savvy consumers. After successful efforts with rural customers, companies see digital marketing as a tool to build strong brand identity. Carmaker Maruti Suzuki India sold 4,000 of its small A-Star car based on interfacing with customers over the Internet, and the company is aggressively using digital platforms to ...

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Encouraged by the recently released results of the general election 2009, the Indian SME sector is hoping the new government will address their concerns. The Federation of Indian Chambers of Commerce and Industry (FICCI) has recommended a number of changes, including a subvention of interest rates of 4 to 5 percent, a formal clusterisation of SMEs ...

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The new fiscal year began with the global economic slowdown continuing to hurt businesses. Indian exports were down 33 percent from a year earlier, according to the trade secretary. Merchandise exports for the fiscal year ending March 31 totaled $168.7 billion, inching up 3.4 percent from last year, but lower than government expectations. Traditional SME (small and medium enterprises) sectors ...

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