Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Enabling SMEs to drive the Indian economy to a brighter future

Posted On: 2019-09-14 22:22:30

IndiaMART, India's largest online B2B marketplace, on the 14th September 2019 organized the SME Conclave: Transforming for the Future, in association with TiE Delhi-NCR and TiE Udaipur at the Radisson Green, Lake City Mall, Udaipur. The conclave featured several leaders from the industry sharing their views on SME growth and the challenges in the country, which is slowly yet steadily, helping them reorient their business models to adopt easy financing options and the use of technology to achieve zero cost marketing in the ever-changing business ecosystem.

As per industry statistics, there are close to 42 million SME enterprises in India across manufacturing, infrastructure, food processing, packaging, chemicals, IT and the service industry, contributing 30% of the total GDP and creating employment for more than 110 million people (40% of the total workforce).

In the same belief and vision to increase SME contribution to 50% in the next 5 years, the Government recently launched the revised credit link capital subsidy scheme for small and medium enterprises to boost access to credit, and to provide 10% extra subsidy to SC/ST entrepreneurs apart from the existing 15% subsidy on credit up to 1 crore on the purchase of plants and machineries.

Speaking on this, Dinesh Gulati, Chief Operating Officer, IndiaMART said, "We, the country's largest online B2B marketplace, relentlessly strive to further enable the millions of SMEs with an opportunity to innovate. But we have just scratched the surface, there is a huge scope for business inclusion, which will only be possible with the increase in awareness within the SME sector. Through this partnership with TiE, we hope to create a platform that will enable the SMEs with the knowledge on how to scale their business exponentially. This initiative of IndiaMART ties-in with its long-term commitment to empower Indian SMEs in collectively understanding and in preparing themselves for the future."

Geetika Dayal, Executive Director - TiE Delhi - NCR stated, "Though SMEs have a huge opportunity for growth in the country, it has been seen that most of them find it tough to scale-up, and hence they keep addressing only a smaller section. They grapple with multiple challenges including tackling the dynamic business environment, tech transformation in business and lack of overall awareness. We with IndiaMART, plan these events to discuss challenges in taxation, finance, marketing, and how usage of digital tools will help entrepreneurs take better decisions."


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Subscriber base of RIL's Digital Services Business at 355.2 million as of Sep 30, 2019

Sasken Technologies Ltd reports consolidated EPS of Rs. 13.34 in Q2 FY 2019-20

RIL's Media Business reports robust growth in subscription income

HDFC Bank Limited announces Q2 FY2019-20 results

RIL's revenue from Organized Retail Business up 27% YoY to Rs. 41202 crore in Q2

DCB Bank announces Second Quarter FY 2020 Results

RIL's revenue from Oil and Gas Business declines to Rs. 790 crore in Q2

Cementing a Green Future

RIL's Petrochemicals Business Q2 revenue down 11.9% YoY

Siyaram Silk Mills Ltd Board declares Interim Dividend, onetime special dividend

HDB Financial Services Ltd posts net profit of Rs. 213 crore in Q2

HDFC Securities Limited Q2 PAT at Rs. 91 crore

ICRA reaffirms long term rating of Shalby Limited

Brickwork Ratings reaffirms ratings of Oriental Bank of Commerce

Brickwork Ratings updates on credit ratings of Aarvee Denims & Exports Ltd

ICRA retains credit rating of Z F Steering Gear India Ltd

Shiva Cement Ltd Q2 loss at Rs. 6.22 crore

Bhansali Engineering Polymers Ltd Q2 consolidated net profit at Rs. 20.36 crores

Dalmia Bharat Ltd posts consolidated PAT of Rs. 36 crore in Q2

Siyaram Silk Mills Ltd consolidated Q2 net profit climbs to Rs. 29.31 crore

Avanti Feeds Ltd Q2 consolidated PAT rises to Rs. 118.69 crores

DCB Bank Limited posts net profit of Rs. 91.41 crores in Q2 FY 2019-20

LIC Housing Finance Ltd Q2 consolidated PAT higher at Rs. 768.05 crores

HDFC Bank Ltd reports consolidated Q2 PAT of Rs. 6638.03 crores

Aro Granite Industries Ltd posts slump in Q2 net profit

Jasch Industries Ltd Q2 loss at Rs. 0.60 crore

Chembond Chemicals Ltd consolidated Q2 net profit slides to Rs. 1.52 crore

Shree Cement Ltd consolidated Q2 net profit at Rs. 310.62 crores

Smruthi Organics Ltd Q2 PAT at Rs. 1.89 crore

Menon Bearings Ltd Q2 PAT falls to Rs. 2.93 crore

Pioneer Distilleries Ltd Q2 loss at Rs. 19.91 crore

VTM Ltd reports net profit of Rs. 4.33 crore in Q2 FY 2019-20

National Plastic Technologies Ltd Q2 PAT climbs to Rs. 0.59 crore

RMC Switchgears Ltd is participating in ACETECH - Bengaluru 2019

3P Land Holdings Ltd posts net profit of Rs. 0.22 crore in Q2

RIL's GRM for Q2 stood at $ 9.4/bbl

Mr. Abhishek Sinha appointed as COO & Whole-Time Director of L&T Technology Services Limited

RIL consolidated Q2 PAT at Rs. 11262 crore

L&T Finance Holdings Ltd announces Q2 FY 2019-20 results

L&T Technology Services continues double-digit revenue growth in Q2FY20

Maruti Suzuki India Ltd announces introduction of Regulatory Compliant EECO

ICICI Lombard General Insurance Company Limited announces Q2 FY 2019-20 results

CARE updates on ratings of Indiabulls Housing Finance Ltd

Ambuja Cements Ltd announces Q3 CY2019 results

Digital & Consumer Electronics Brand - Xmate disrupts the Indian market by launching an extensive product portfolio

Brickwork Ratings reaffirms ratings of Punjab National Bank

L&T Technology Services Ltd Board approves Dividend of Rs. 7.50 for 2019-20

Vinati Organics Ltd Board to consider Sub-Division of Equity Shares

ICICI Lombard General Insurance Company Ltd Board approves interim dividend of Rs. 3.50 for 2019-20

Whirlpool embraces Every day, Care with a brand-new ad campaign







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019