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 ...
Schemes for startups must be extended to MSMEs
The Dollar Business Bureau As the government has unveiled its action plan for startups to provide them financial and other assistance, an industry body has said these benefits must be passed on to the existing units defined as micro small and medium enterprises (MSMEs) to ensure their growth. Prime Minister Narendra Modi on Saturday launched the 19-point action plan after a power-packed ‘Starup India’ workshop in New Delhi which was attended by CEOs of big multinational companies, venture capitalists, and a large number of startup entrepreneurs. As per the new action plan, the government will allocate Rs.10,000 fund for startups, give them tax waiver for three years, 80% rebate in patent fee and several other benefits. Hailing the initiatives taken ...
