With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would be wrong to conclude that this sector will not withstand the crisis as Indian SMEs ...

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A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. Under the XIth plan, the helpline has received a sanction of Rs. 7.6 crore from ...

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MSMEs are facing a lot of hurdles according to a report published by Sidbi (Small Industries Development Bank of India). One major concern of Micro, Small and Medium Enterprises is lack of proper infrastructure support needed for their growth and development. The 2010 report is based on survey conducted on 200 MSMEs from every place of India. Non-availability of infrastructure is ...

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The Indian information technology (IT) sector does not seem to be detached from the sanguine trends of the world market. The small and medium enterprises in the IT sector contribute 10 -15 percent of the output in India. This may seem to be insignificant but then it gains importance in the light that the overall Indian IT sector amounts to ...

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Coimbatore has become a hot bed of e-marketing. The adoption of internet based marketing has resulted in rise of job orders from overseas customers. Coimbatore has more than 50,000 SMEs, and this initiative has reduced marketing costs and increased international job orders. The Tamil Nadu Association of Cottage and Micro Enterprises (TACT) disclosed that 15 percent of units in Coimbatore are ...

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