Tag: MSME

Starting and running a business is never easy, especially for first-time entrepreneurs in the MSME sector. You’ve got big dreams, innovative ideas, and the passion to succeed but the path to success is often riddled with challenges. From figuring out the right product to manufacture to navigating complex regulations, sourcing raw materials, and managing cash […]

A recent report by the US-India Strategic and Partnership Forum (USISPF) reveals that US companies are contemplating relocating their manufacturing bases from China to India. This significant move is driven by a combination of factors, including favorable trade agreements, regulatory reforms, and shifting geopolitical dynamics. A new study by the Boston Consulting Group (BCG) has […]

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In today’s competitive business world, operational efficiency is paramount for success. This holds true for every department within a company, from raw material procurement to delivering the final product to the consumer. While large corporations readily reap the benefits of optimized Supply Chain Management (SCM), SMEs (Small and Medium-Sized Enterprises) can also significantly gain from […]

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Amidst the vibrant fields of Karnataka, a revolution is brewing. The Koppal Toy Cluster envisioned as a game-changer for the Indian toy industry, is poised to propel the nation towards self-reliance and global dominance in this playful sector. Spanning 400 acres, this ambitious project promises to be more than just a manufacturing hub; it aims […]

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The Vibrant Gujarat Global Summit 2024 concluded with a resounding success, sealing MoUs for a staggering Rs 26.33 lakh crore across 41,299 projects. A landmark achievement, this summit solidifies Gujarat’s status as an investment powerhouse, with total MoUs now surpassing Rs 45 lakh crore. Gujarat’s prowess in attracting investments came to the fore at the […]

The Global Investors Meet 2024 (GIM 2024) has proven to be nothing short of a spectacular triumph. Surpassing all expectations, the event garnered a monumental ₹6, 64,180 crore in investments. This figure not only exceeded the initial target but also witnessed a remarkable 64% increase from the 2019 GIM, effectively doubling the economic influx. This […]

With a new perspective on infrastructure efficiency, result-driven employees who can work across diverse technical domains, and the implementation of a flexible, hands-on project management style, assembly line automation becomes a reality, regardless of the size and budget constraints of every manufacturing industry. The Low-Cost Automation (LCA) strategy hinges on leveraging in-house resources that can […]

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The Zero Defect Zero Effect (ZED) Certification Scheme is launched by The Ministry of Micro, Small, and Medium Enterprises (MSME) in April 2022. The focus of the scheme is to empower Indian companies, make them globally competitive, and enable easy access to capital. As per the MSME minister Narayan Rane, the Zero Defect Zero Effect […]

Namkeen is one of India’s most popular savoury snacks, which are available in different flavours and shapes. Dalmoth, bhujia, chana chur, khatta meetha, roasted peanuts, gathiya, etc., are some of the various namkeen snacks, representing a dynamic market projected to grow at a robust 10.2% CAGR, driven by e-commerce expansion and high demand for healthy, […]

The consulting industry in India has grown over the past few years in terms of both size and portfolio of offerings. A favorable business environment, low operational costs, the government’s efforts to establish India as the global investment destination, rapid economic growth, etc., are some of the factors driving the market forward. The growing consulting […]

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The Finance Minister, Nirmala Sitharaman presented the budget in the parliament on Monday, amid huge expectations from all sections of people of India. The budget, which is worth INR 34,83,236 crores, is aimed at reviving the economy that has been badly hit by the outbreak of the coronavirus pandemic and the nation-wide lockdowns. Read: Best Manufacturing […]

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Image source: https://images.app.goo.gl/8EkU1RkoB48YWTaJ7 The Regional Comprehensive Economic Partnership, a new free trade agreement, was signed on 15th November, 2020 by 15 Asia-Pacific nations. The member states of RCEP together account for one-third of the global gross domestic product and almost 30% of the world’s population. What is RCEP?   RCEP, perceived to be the biggest free […]

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Indian manufacturing industry is a major pillar of the economy, contributing to 18% of the country’s GDP. As per the government reports, the manufacturing industry in India is expected to become USD 1 trillion by 2025. Indian manufacturing sector has so far been successful in attracting FDIs into the country. However, for India to become […]

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Indian textile industry is one of the largest in the world, with traditional textiles occupying the lion’s share in the market. India is the largest producer of cotton and jute, and the second-largest producer of silk, polyester, and fiber across the globe. Since the focus has been on conventional textiles till now, technical textiles have […]

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Are you planning to start a toy manufacturing in India? Are you looking for manufacturing consultants who can assist you in this regard? SolutionBuggy through its vast network of expert manufacturing consultants can help you from plant setup to marketing and sales.       The Prime Minister of India pushed for the increased domestic production of […]

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Micro Small & Medium Enterprises (MSMEs) have been the backbone of the Indian economy. The 6.3Cr MSMEs in India employing a 110 Mn workforce, contribute around 30% of the national GDP. In addition to the economic factors, this highly vibrant and dynamic sector plays a key role in India, uplifting rural areas via industrialization. It […]

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China has been the largest Manufacturing Hub over the last few years, however, due to the situations playing out in the global market over the last year considering the standoff between the US and China, the oil price crash, and the recent scare of Coronavirus, the major players are now looking for more stable manufacturing […]

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Key Facts: The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years. 200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D Currently, the industry is employing more than 2Mn people There is a high demand […]

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Food processing is a new and emerging industry in India that has grown by leaps and bounds due to a large interest in setting up mega food parks by the government both as fully government-owned and in the PPP model. The availability of a large number of food consultants as well as increasing the resources […]

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Manufacturing has emerged as one of the prominent growth sectors in India and the nation is on track to become the fifth largest manufacturing country in the world by 2020.  The ‘Make in India’ program aims to position India on the world map as a manufacturing hub and give global recognition to the economy.  Various […]

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Like any other business, the manufacturing sector also has been drawing a lot of attention from first-generation entrepreneurs who form the bulk of the MSME segment in India today. This also leads to the most pertinent question as to what are the keys things that an entrepreneur should concentrate upon, before starting the unit. Market […]

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“The most dangerous kind of waste is the waste that we do not recognize.”- Shigeo Shingo- the world’s leading expert on TPS and the manufacturing process. We have often seen that MSMEs face inefficiencies due to incorrect process chains, high inventory stocking, and redundant shop floor practices. These inefficiencies can be overcome by implementing good […]

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Manufacturing industries have to generally face a host of issues relating to payment delays, inventory management, and product quality failures. In addition to this some of the pertinent issues, the industry faces are in manufacturing products are 1. Regulatory Compliance and traceability Manufacturers of all sectors face increasing regulations which aim in ensuring product safety […]

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Indian companies planning to grow using defence offsets can leverage this opportunity for entering the global aerospace & defence business and create a sustainable competitive advantage by strategizing beyond parochial boundaries of domestic business. Excitement has been prevailing since DPP 2005 was formulated and defence offsets were defined. Since then, every revision in DPP creates […]

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Image source: consumercomplaintscourt.com Need a loan without having to run around for banks? The new policy for MSMEs from the Prime Minister enables you to apply for a loan through your computer, it’s just a tap away. Click here to apply: https://www.psbloansin59minutes.com/home The website is self-explanatory and helps MSMEs secure loans in 4-5 easy steps, […]

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Image source: https://thelogicalindian.com/ How the plan will help the MSME sector. Who are the beneficiaries? How it will impact the manufacturing sector growth and GDP. Is the effect immediate? Will, there be any misuse of funds and leakages, etc. On November 2nd Prime Minister Narendra Modi announced a loan sanction of up to a crore for […]

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