artificial intelligence: AI-generated images open new challenges and opportunities for India’s emerging businesses
Artificial Intelligence (AI) is propelling innovative advancements, particularly in image creation, that are drastically altering business landscapes. For thousands of MSMEs which may use image processing and graphics as a tool for business growth, the rapid rise of AI-Generated Images may turn out to be a double-edged sword. If there is any doubt about how…
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Msme 2023: ET MSME Day 2023: How can MSMEs in manufacturing gear up to be future-ready
MSMEs’ contribution will be integral in making India achieve its lofty goals of becoming a developed nation by 2047. With a contribution of 30% to the country’s GDP, the MSME sector has immense potential to help the economy grow by leaps and bounds. The role of manufacturing MSMEs, in particular, will prove significant in India’s…
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MSME Day: Going beyond ‘jugaad’ to create a strong legacy of quality and craftsmanship
The United Nations General Assembly designated June 27 as the “Micro, Small and Medium-sized Enterprises Day” to raise awareness of the tremendous contributions of such enterprises to the achievement of the 2030 Agenda and the Sustainable Development Goals. The MSME Day 2023 marks the 6th anniversary of this General Assembly resolution. This event aims to…
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Small online businesses outperform traditional traders with 93% export rate in 18 countries: Report
The last few years have been exceptional in terms of the surge in eCommerce adoption. Despite the ups and downs caused by the pandemic and looming economic recession, small online businesses have shown remarkable resilience and adaptability, which has played a crucial role in their tremendous success. To gain deeper insights into the performance of…
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MSME: Export headwinds to stretch MSME working capital requirements: Report
Micro, small and medium enterprises (MSMEs), accounting ~40% of India’s exports, will face headwinds from the imminent economic slowdown in advanced countries, particularly the US and Eurozone. These two geographies account for a third of India’s overall exports. An analysis by CRISIL MI&A Research, captured in its biannual MSME Report, shows a fifth of the…
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supply chain: Deep tier financing in India: The future of sustainable supply chain finance
Trade finance has always been an essential component of the global supply chain. However, with the advent of a globalised world, supply chains have become more complex, involving multiple tiers of suppliers. The Micro, Small and Medium Enterprises (MSMEs) sector has also grown in importance, contributing as much as 30% to India’s GDP. Despite the…
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ET MSME Regional Summit: Hyderabad edition to spotlight strategies for empowering Telangana’s MSME ecosystem for growth and innovation
Telangana’s Micro, Small, and Medium Enterprises (MSMEs) forms the cornerstone of its robust economy, showcasing a visionary approach towards fostering entrepreneurship. With a staggering 2.6 million MSMEs, the state is a thriving hub of diverse industries, playing a vital role in employment generation, industrial growth, and overall economic development. From traditional craftsmanship in textiles, handicrafts,…
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MSME Day 2023: ET MSME Day 2023: How ready are MSMEs for Industry 4.0?
Digital transformation refers to the process of using technology to improve the ways businesses and organisations operate and deliver value. The process mainly involves adopting digital tools, systems and strategies to improve competitiveness. India is home to nearly 63 million small businesses called micro, small and medium enterprises (MSME). These firms are considered to be…
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ET MSME Regional Summit in Hyderabad: Stakeholders outline a roadmap to empower Telangana’s MSME ecosystem, address key challenges and opportunities
“Telangana state is doing very well in ease of doing business (EODB) and other flagship programmes, I would like to emphasise the flagship programme of our industries department, which is TS-iPass, which is the most envisaged and important programme of our department,” said Rajkumar Ohatker, Additional Commissioner Industries, Government of Telangana during his keynote address…
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Rethinking digital solutions for the Indian MSME sector
If there is one sector that has faced the highest degree of disruption in recent years, it is the Micro, Small and Medium Enterprises (MSMEs). The last few years have posed an existential crisis for many small enterprises around the world. Yet, they continue to create jobs as well as support urban and rural economies….
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