SMEs should adopt e-commerce route to tap growth opportunities
Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...
New Secretary for MSME Ministry
The Dollar Business Bureau Dr. Anup K. Pujari taking charge as a secretary of Ministry of Micro, Small & Medium Enterprises, in New Delhi on July 01, 2015. Source: PIB, Government of India Dr. Anup K. Pujari on Wednesday, assumed charge as new Secretary of Ministry of Micro, Small & Medium Enterprises, informed MSME ministry. The new Secretary is an IAS officer of Karnataka cadre and has succeeded former MSME Secretary Madhav Lal, who retired on Monday. The officer of 1980 batch of IAS, was previously Secretary of the Ministry of Mines. He had a long tenure in the Ministry of Commerce and Industry as Director General Foreign Trade (DGFT) from 2010 to 2014. Earlier, Dr. Pujari served as Joint ...
Kalraj Mishra asks MSMEs to raise the bar to international standards
The Dollar Business Bureau Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME), speaking at the MSME symposium Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME) has said that there exists an immense opportunity for MSMEs to grow in India and has urged stakeholders to build strategies to strengthen India’s MSMEs to match global standards. Speaking at the inauguration of the two-day Symposium on “Growth and Prospects of MSME Sector in Emerging Scenario”, organised by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the Confederation of Indian Industry (CII), Mishra said that the MSME sector has a much larger role to play in the revival of the Indian economy. MSMEs in India contribute ...
