Tag: SME

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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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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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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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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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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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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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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Many believe that within the span of the next few decades, engineers will take over the world. The notion is supported by the large number of people opting for engineering every year as their preferred choice as a career. Despite the large influx, however, the market still lacks engineering consultants. What is engineering consult? It […]

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