et msme regional summit: What to expect at Chennai edition of ET Make in India MSME Regional Summit: Key themes and speakers
Tamil Nadu has the third-largest number of micro, small, and medium enterprises (MSMEs) in India, with around 5 million MSMEs that contribute about 9 percent of the country’s GDP. It is also the third-largest export market in the country and a hub for domestic manufacturing in key industries such as automobiles and auto components, software,…
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MSME Day: ET MSME Day 2023: Navigating the myths of digital transformation for business growth
Digital transformation refers to the fundamental changes that organisations undergo by leveraging digital technologies to streamline processes, enhance customer experiences and drive innovation. The popular trend now making waves among next-age firms involves the integration of digital tools, data analytics, automation, and cloud computing to create new business models and stay competitive in the digital…
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msme day 2023: ET MSME Day 2023: How MSMEs can leverage data analytics to become smarter and more efficient
Data analytics has gathered a lot of attention in recent years. Advantages such as a reduction in costs, increasing efficiencies, making smarter business decisions and understanding demand patterns make it beneficial for any business. Especially in the case of MSMEs, incorporating data analytics tools can imply more opportunities to optimise costs across various sectors. According…
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Kotak General Insurance | MSME : Kotak General Insurance partners with actyv.ai to provide insurance products to MSMEs
Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) today announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies. Kotak General Insurance will leverage actyv.ai’s AI-powered platform to provide insurance solutions to support the business sustainability of small businesses. Through actyv.ai’s technology stack…
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narayan rane: MSME Day 2023: Narayan Rane calls for digitalisation to help small businesses become resilient
Expressing how digitalisation and advanced technologies can help the core of small businesses to be steady and resilient, Union MSME Minister Narayan Rane urged MSMEs to seriously look at technology for growth. “Digitalisation can help small businesses become resilient. For businesses, this means having the flexibility to adapt to disruptions and continue their operations, and…
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msmes: Why the right skills for MSMEs is necessary to be a future-ready workforce
For MSMEs to be future-ready, equipping themselves with the right skills would be key to gain a competitive edge in the market. Keeping abreast of the latest trends to be in sync with the demands of a fast-paced work environment can help them leap ahead in a seamless manner. New-age skill sets and out-of-the-box thinking…
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MSME 2023: ET MSME Day 2023: Why your workforce is the key to successful digital transformation
In the rapidly evolving business landscape, digital transformation has become not only an essential but also a highly sought-after strategy for organisations of all sizes and industries. This broad-based procedure isn’t just about firms’ IT processes but encompasses every process across production and assembly lines. It involves adopting advanced technologies, revolutionising company culture and optimising…
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From new classification to a separate division in the Ministry, India’s micro-MSMEs need differentiated support
Did you know that 99% of India’s 63 million micro-small-medium enterprises (MSMEs) are micro-MSMEs? In 2007, the Ministry of Micro, Small and Medium Enterprises (MSMEs) was created to better serve the needs of the MSME sector, which contributes to 30% of India’s GDP and nearly 50% of India’s exports. As India aims to become a…
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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 capable…
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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 economic…
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