We are thrilled to announce an exciting opportunity for SMEs that have successfully gone public in the last five years. The upcoming July 2024 issue of Small Enterprise Magazine will feature a special cover story, “Breaking Barriers: IPO for SMEs,” celebrating the pinnacle of business achievement. This issue will showcase the inspiring journeys of over 25 successful SMEs that have…
The International Micro, Small, and Medium Enterprises (MSME) Day 2024, on 27 June 2024, offers a profound opportunity to reflect on the pivotal role these enterprises play in fostering sustainable development, especially through the lens of the circular economy. The theme, “The Circular Economy – A Paradigm Shift with a Human-Centered Approach and MSMEs’ Role,” underscores the essential integration of…
Indian Small and Medium Enterprises (SMEs) play a pivotal role in the nation’s economy, contributing nearly half of the country’s exports and accounting for 29% of the GDP. Despite the impressive performance, these enterprises face numerous challenges, especially in the wake of the COVID-19 pandemic, which has significantly disrupted global trade dynamics. This article explores the opportunities and challenges faced…
As the tides of time continue to shift, Micro, Small, and Medium-sized enterprises (MSMEs) find themselves once again at the helm of uncertainty, navigating through the choppy waters of economic flux and technological revolution. Reflecting on the tumultuous journey of 2023, where MSMEs battled against economic headwinds and the ever-looming specter of geopolitical tensions, we now turn our gaze to…
The Open Network For Digital Commerce (ONDC) initiative is poised to bring about a transformative change in the e-commerce landscape of India. Considering how quickly online commerce has expanded and the increasing importance of the digital economy, ONDC aims to create a unified platform that revolutionizes how businesses operate, and consumers engage in online transactions. This article explores the various aspects of…
Street vendors are one of the most marginalised, poor as well as vulnerable sectors of the urban informal labour market. While street vending is seen as a thriving business given its capacity to adapt to the changing demands of urban society, this category of self-employed persons is yet to receive legal legitimacy. Several factors contribute to this situation, the prime…
The “Export Strategies for MSMEs” seminar that concluded yesterday 31 October’23, proved to be a resounding success, leaving attendees with valuable insights and knowledge on how to excel in the world of exports. This informative event featured sessions by eminent subject matter experts, making it a great learning opportunity for aspiring exporters and established businesses alike. Organized by the MSME DFO,…
Examine the barriers and success factors in scaling up sustainable MSMEs in India, showcasing case studies and best practices for growth and impact. “In the world of business, big things often have small beginnings. MSMEs are the seeds that grow into mighty enterprises.” In recent years, MSMEs have witnessed drastic growth in the economic setup of India. They have allowed…
Small businesses play a crucial role in supporting the organic agriculture industry. Today, more people want to consume organic food products as these are considered healthy options since they are free from chemicals; plus, these are also considered to be environmentally friendly. The demand for these products is increasing. Therefore, there is a need to support organic agriculture. If organic farming is to…
The COVID-19 pandemic has brought about unprecedented challenges for all sorts of businesses throughout the world. However, Micro, small, and medium enterprises (MSMEs) were the worst hit during the pandemic. Globally, MSMEs experienced a 35% average revenue decline during the height of the pandemic, resulting in business closures and job losses. However, these enterprises maintained their resilience and managed to…