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Category: MSME

India’s Union Budget 2024: Transformative Measures for the MSME Sector

Small Enterprise India

On July 23rd, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25, emphasizing support for Micro, Small, and Medium Enterprises (MSMEs). This year’s budget introduces innovative measures to drive growth, technological advancement, and global competitiveness within the MSME sector. Here are the key updates and their potential impact: Focus on Innovation and Technological Advancements The budget…

July Spotlight: SMEs Breaking Barriers and Going Public

Small Enterprise India

The July 2024 issue of Small Enterprise Magazine is one of our most anticipated editions. This month, we delve into the transformative journey of SMEs breaking barriers by going public, under the compelling theme, “Breaking Barriers: IPO for SMEs.” This issue is a treasure trove of success stories, shedding light on the remarkable journeys of SMEs that have achieved the…

Call for IPO Success Stories: Share Your Journey in Small Enterprise Magazine’s July 2024 Issue

Small Enterprise India

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…

International MSME Day 2024: Embracing the Circular Economy with a Human-Centered Approach

Small Enterprise India

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…

Unlocking Global Potential: Opportunities and Challenges for Indian SMEs in the Export Market

Small Enterprise India

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…

Embracing the Storm: Navigating the Seas of Change in 2024 for Small Businesses

Small Enterprise India

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…

How ONDC is Poised to Take on and Transform the E-Commerce Landscape in India

Small Enterprise India

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…

MARKETPLACE MAGIC: THE RESILIENCE AND REVIVAL OF INDIA’S STREET VENDORS

Small Enterprise India

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…

“Export Strategies for MSMEs” Seminar Declared a Resounding Success

Small Enterprise India

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,…

SCALING UP SUSTAINABLE BUSINESSES: CHALLENGES AND OPPORTUNITIES FOR MSMEs

Small Enterprise India

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…