/Tag: MSME

Redefining MSME limits will facilitate MNCs to relocate to India

2020-08-20T04:49:20+00:00May 19th, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

When multinational companies in China consider alternative investment locations in a post-Covid world, India will feature prominently in their discussions. And this definitive change can become the crucial differentiator in considering what each country has to offer. Toyota Kirloskar Motor, the Indian arm of the Japanese auto major, was planning to bring several key suppliers from its global network to India following last year’s cut in the corporate tax rate for new manufacturing units to 17.01 per cent. That initiative [...]

Nirmala Sitharaman’s $75 billion roadmap cheers MSMEs

2020-08-20T04:47:45+00:00May 13th, 2020|The Big Story|

Following PM Narendra Modi’s announcement of a $290-billion package to revive the Covid-19-hit economy, the Indian Finance Minister Nirmala Sitharaman set out to revive the main engines of the Indian economy, increase demand, promote self-reliance and create the right conditions for foreign companies leaving China to invest in India. Announcing a set of bold measures to revive the micro, small and medium enterprises (MSMEs), generate demand in the economy, promote self-reliance, provide relief to employees at the lower end of [...]

India’s historic $266 billion relief package will leave a lasting global impact

2020-05-15T20:01:19+00:00May 13th, 2020|Analysis - India Global Business, Home Page, India Inc Views - India Global Business|

$266 billion is a humungous number, but just how significantly large is it in real life? $266 billion is enough money to connect all villages in India with optical fibre broadband 2.8 times. It’s the equivalent of what the Indian government invests in its ambitious infrastructure projects in a year. It’s enough money to complete all Indian Railway infrastructure projects for at least 12 years. And it’s nearly enough money to cover the entire GDP of Pakistan – which stands [...]

What’s ailing India’s solar rooftop ecosystem?

2019-09-30T14:50:54+00:00September 26th, 2019|2019, North America Edition – 27th September 2019, UK Edition – 27th September 2019|

India’s solar rooftop sector reached a cumulative capacity of 3.3 GW last financial year. Andrew Hines, Co-founder of CleanMax Solar, India’s largest provider of solar power in the commercial and industrial segment, identifies areas India needs to address if it is to meet its target of 40 GW of rooftop solar power by 2022. In the past decade, renewable energy has emerged as a force to be reckoned with, providing power that is not only clean but also increasingly cost-effective. [...]

India is now at the forefront in the world in many frontiers

2018-12-24T07:41:15+00:00December 16th, 2018|2017/2018, Yearender- December 2018|

Amitabh Kant, as the dynamic CEO of the National Institution for Transforming India – NITI Aayog, is charged with formulating some the country’s most innovative growth ideas. In this Yearend interview with ‘India Global Business’, he looks back at India’s achievements such as acquiring the world’s largest biometric programme and looks ahead to some transformative changes in store, especially for small and medium enterprises. What is the expected impact of PM Modi’s recent announcements to help MSMEs? A major step [...]

Decoding the Indian Budget 2018 for UK businesses

2018-05-23T12:33:16+00:00February 23rd, 2018|2017/2018, India-Uk, UK Edition - March 2018, Year|

The Budget opens up wide scope for private sector participation in sectors such as healthcare. India’s Union Budget 2018-19, presented by the Finance Minister on 1 February 2018, reaffirms the government’s focus on keeping the Indian economy on an inclusive growth path with an emphasis on social sector, infrastructure and agricultural development. This was the government’s last full-year budget before the General Elections in 2019 and came on the back of significant structural reforms in the last 12-15 months including [...]

Small is beautiful in Gujarat

2019-01-02T10:47:40+00:00January 9th, 2017|2018/2017, India Investment Journal January 2017, State Focus: Gujarat, Year|

Gujarat has forever been the land of brave entrepreneurs and industry friendly policies have led to the proliferation of many successful micro, small and medium enterprises (MSMEs).  Fifty-two-year-old Kishore Patel of Ankleshwar based printing and packaging firm Techno Packaging credits his success to the business friendly and technology savvy nature of his state Gujarat. Patel started out from a small godown (warehouse) in 1998 supplying cartons and labeling equipment to local industries in the vicinity. His familiarity with computers and [...]