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Biz2Credit Advisor In recent times, Indian SMEs have joined the supply chain of multinational corporations as service providers and contract manufacturers. This is big opportunity for SMEs that operate in India. But vast majority are unaware and does not really understand how to get into MNC partnership. 'Conference Board of Canada' suggests that it is important for SMEs to develop and market ...
In the coming span of two years, Rs 4,000-crore Coimbatore based pump industry is set to touch the Rs 6,000 crore in terms of sales revenues. Small and medium enterprises (SMEs) in the industry are either closing down or are getting converted to suppliers for large companies. This is due to erosion in profit margins ...
Gujarat Industrial Development Corporation (GIDC) has geared its efforts to build an industry ecosystem where both small and large companies can thrive together. It has concentrated mainly on chemical and engineering sectors and is developing special zones for them. GIDC has reserved 1,000 hectares of land from its 4,000-hectare Dahej Special Economic Zone industrial estate. This ...
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 ...
