A survey conducted by the CII, reveals prospects of increased domestic demand for SMEs in the October-December quarter. As there is growth in credit availability, the Business Confidence Index (BCI) has improved 1.4 points from that of last year and has reached 67 points on the 0-100 scale.

It is the surging prospects in domestic ...

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In order to join, technical education and industrial advancement, the Industries Association of Uttarakhand (IAU) has decided to sign a MoU with the University of Petroleum and Energy Studies. The IAU shall now organize conferences and workshops to help micro, small and medium enterprises (MSMEs) gain inputs from university experts. Joint ...

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A recent survey has shown striking facts about SMEs in Uttarakhand. Already 7,485 units have closed down due to lack of demand, power shortage and working capital constraints. Out of the 33,565 registered units, 7,485 got permanently closed in the MSME sector and 2,313 are not traceable.

In Uttarakhand, total 226,513 units are found in working ...

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In a meeting conveyed by Finance minister Pranab Mukerjee, on Saturday, the minister showed optimism in banks refraining from increasing lending rates in-spite of the fact that some public sector banks including SBI indicated probable hikes in lending and deposit rates. Mr. Mukerjee said, “Though there is some tightening of monetary policy by the RBI we do not expect banks to ...

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Private Equity (PE) investment in SMEs took a sharp dip by almost 68% at US$ US$ 580 million in calendar 2009. It made it difficult for small firms to seek safe financial support for executing their growth plans, reveals a Paper on Private Equity on Small and Medium Enterprises (SMEs). The total number of PE deals signed by SMEs in 2009 ...

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