Small Business Loans: Biz2Credit.in » micro

‘Tech Transfer 2012’: To Be Held In Hyderabad And Ahmedabad

Biz2Credit Advisor — Tue, 31 Jan 2012 06:21:24 +0000

Foundation for MSME Clusters (FMC) is organizing ‘Tech Transfer 2012′ – a program intended for transfer of technology to Indian SMEs in the life-science sector. This program is focused on micro, small and medium enterprises (MSMEs) so as to help them bridge the knowledge gap in technology domain.

‘Tech Transfer 2012′ shall be organized in collaboration with IKP Knowledge Park (IKP) in cities like Hyderabad and Ahmedabad. The counseling for technology transfer will start on February 9th, 2012 along with BioAsia event. Ahmedabad will host the event on February 22nd, 2012 with support drawn from Gujarat State Biotechnology Mission (GSBTM).

This is an excellent opportunity and a prospective platform for SMEs where they can learn about relevant technologies directly from industry experts. The technologies are aggregated from across the globe so as to give Indian MSMEs a clear picture of what is possible. ‘Tech Transfer 2012′ is going to be the right opportunity to fulfill technology related requirements of Indian life-science MSMEs.

This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to info@biz2credit.in

SMEs Worry About Centre’s 100% FDI Permission

Biz2Credit Advisor — Tue, 17 Jan 2012 05:46:02 +0000

The centre’s decision to give permission to100% FDI for single brand retail is a cause of worry for small and medium enterprises (SME) sector. The Government of India has permitted 100% FDI in retail recently and has notified that wholly owned global brands will have to source 30% of their needs from domestic, small and cottage industries.

Federation of Indian Micro, Small and Medium Enterprises (FISME), an apex body of the sector, stated that mandatory sourcing would not really make much of a difference. There is deep concern among Indian MSEs as they do not completely believe in assurance from the government’s end. SMEs are not sure whether the 30 percent local outsourcing would last for long as problems will spur when the WTO norms will be brought into application.

Micro, Small and Medium Enterprises (MSME) Ministry has confirmed that a ready-made market for the small business sector will emerge once foreign retailers directly start procuring raw materials from small-scale companies of India. The decision is being appreciated by Federation of Indian Export Organizations (FIEO). It is believed that the step would bring more FDI to India.

CII Survey Shows Higher Domestic Demand, Lifts SMEs’ Confidence

Biz2Credit Advisor — Thu, 30 Dec 2010 07:31:49 +0000

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 demand and not just exports that has stimulated SME’s optimism according to the survey. The other reasons for the optimism are slow economic recovery in western countries and impressive value of rupee against US dollar.

There is considerable improvement in credit availability for SMEs according to the survey. But then it also cautions that interest rate increase may adversely affect the capacity expansion of the SME sector.

SME sector currently employs 60 million people and each year creates 10 lakh jobs. The micro, small and medium enterprise (MSMEs) sector adds 8 percent to GDP, 45 percent to manufactured output and 40 percent to exports.

This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to
info@biz2credit.com

Finance Ministry asks RBIs to increase mandatory small business lending limits

Biz2Credit Advisor — Wed, 18 Feb 2009 06:08:15 +0000

On behalf of several small business associations and industry players, the Finance Ministry has asked the RBIs to increase the mandatory lending limit to micro, small and medium enterprises in India from 12 percent to 15 percent.

Earlier the RBI had asked public sector banks to increase credit flow to the small business sector.