The noble vision of having paperless governance needs to overtake a mindset and working style of decades. It needs the transition of people more than infrastructure at any juncture.
Tag: SMEs
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MSME: Integral to Make in India
Like roti, kapda aur makaan, the industry needs finance, power and water. Plugging some of these gaps can boost the sector, thereby giving a fillip to the overall campaign. The focus of Make in India is on creating jobs and skill enhancement in 25 sectors.
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Clawing Back to Action
He is a man of action and is showing the world that he means business. In many firsts in the month that went by, Prime Minister Narendra Modi presented India to the global industry as a nation that is seeking to attract investors with reforms and measures
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Leapfrog buys stake in IFMR
The US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for Rs 174 crore. IFMR helps micro-finance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets. IFMR will use the funds raised from Leapfrog to expand into other segments like agriculture and capital market access to SMEs, besides going deeper into its existing segments.
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Free Zone Lures Indian Investors
As Middle Eastern ports vie for Indian transhipment trade, UAE-based Ajman Free Zone (AFZ) has recently expanded its footprint into India in alliance with AFZA International Pvt Ltd. Free Zones in the UAE and the neighbouring region have been luring Indian companies to establish trade hubs in their tax-free economic zones attached to ports.
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IBEF may get upto $25 mn equity capital from IFC
India Business Excellence Fund IIA (IBEF IIA), which caters to the capital requirement of Small and Medium Enterprises (SMEs), may get upto $25 million funding from the International Finance Corporation (IFC). The proposed investment by IFC may boost further equity funding to capital constrained SMEs looking for growth capital
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Faridabad SMEs to buy power from pvt discom
Many small and medium enterprises (SMEs) in Faridabad region of Haryana, who are members of the Faridabad Small Industries Association (FSIA), are joining hands and eyeing an arrangement for collective power purchase from a private electricity distribution company. SMEs in Faridabad are faced with bleak power situations that hurt their efficiency,
FSIA members said this could be the countryĂâs first example of an SME cluster buying power from a private electricity distributor.
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Vibrant Gujarat 2011: Larger and cleverer
The highlight of the much-publicised event this year was as much the volumes pledged, as the state's efforts to set a platform for national and international investments.
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The $50 billion question: Is equipment manufacture ready for Defence Sector?
The newly unveiled Defence Production Policy focuses on increasing private participation in defence equipment manufacture. Although not a new practice, the policy could mean a major boost to indigenous equipment manufacture.