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The Road ahead for Enterprises and their Vendors In India: Insights From The 2023 Union Budget
From increased credit flow to easing compliance burden, the government has proposed various steps to empower Indian enterprises and the trade ecosystem of India in the 2023 Union Budget.
Guide: How to start your export business now!
In the last few years, India has become the hotbed for sourcing and manufacturing for the world. Petroleum products, gems & jewellery, organic & inorganic chemicals, drugs & pharmaceuticals were among the leading export items. India's trade showed strong growth, with overall exports totaling USD 58.22 billion in November 2022, an increase of 10.97% compared to the same period in the previous year. But we can be so much more…
How Business Management Platforms are the Future of MSME Procurement
With the launch of the 5G Network, our government has made it clear that India’s growth will be helmed on the back of digitization. MSMEs and SMEs will greatly benefit from business management platform, specially procurement platforms, with powerful tech features to streamline and automate processes.
Where is MSME Financing heading in India
MSMEs face challenges, such as business financing, small financing, market access, and regulatory barriers that can affect the smooth functioning of a business. Governments and NBFCs often implement policies and programs to support MSME finance and address these challenges. Here are a few more detailed ways to access MSME financing for smooth business operations.
How You Can Lead Your Industry With These Procurement Planning Strategies
To meet your organisation’s core objectives, you need a long-range plan to ensure timely supply of goods and services. That is why procurement planning becomes so important in your business mix. Procurement planning is the process of putting in place an efficient system to optimise and fast-track sourcing.
How Revenue-based Financing Can Ease Production Process During Festivals
Typically, during the holiday season, there is a rise in demand for products and services. For manufacturers to meet this demand, they must begin preparing in advance. During this time, boosting their production processes by obtaining revenue-based financing for the festive season may be the best option for increasing production to meet high demands.
How to find new customers: A simple stratagem for MSMEs
MSMEs wondering how to find new customers need to adapt to the accelerating digital age for customer acquisition. Discovering new customers through digitisation, engaging them with personalization and connecting them through tender discovery platforms leads to higher customer reach and business growth.
Business Credit for Business Diversification: Every MSME’s Way Forward.
Change is an integral part of any entrepreneur‘s journey. In the business as usual scenario, changes are defined by new trends, by the need to introduce new products led by customer requirements or to comply with new government regulations. Diversification at a time with external threats and a rapidly changing economy has to be backed with expertise, financing services, knowledge and calculated risks leading to not just sustainability but also growth.
How Supply Chain Management will Change with National Logistics Policy 2022
Logistics and supply chains have only recently become a part of India’s national policy discourse. The new national logistics policy 2022 is set to ring in, providing seamless and speedy movement of cargo across different modes of transport. With the new policy in place, India can become a global trendsetter in the paperless and digital environment of logistics.
How you can Grow Your MSME Business at 5G Speed with Collateral-Free Credit Lines
It is hard to imagine an industry that hasn’t benefited from the digital revolution. Small and large B2B sectors, online entertainment, SME & MSMEs, and e-retail have advanced massively from this overhaul. One of the great milestones of Digital Innovation is the launch of the 5G network. India’s aspirations for growth and the enthusiasm surrounding the launch of 5G is truly empowering. And it promises game-changing improvements for MSME financing in India.
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