Strangling entrepreneurs at birth Ever since the 1970’s when MSMEs began to slowly gain heft in the Indian economy, the biggest constrictor of manufacturing and growth, apart from the infamous Licence Permit Raj, was the lack of simple infrastructure. S...
India and Mexico have traditionally enjoyed a good relationship. What is the current status of India Mexico trade? Mexico was the first Latin American country to recognize India’s independence in 1947, and our formal diplomatic relations were establishe...
Udipi USP Any one of us who has entered a Udipi hotel knows what to expect. By the time you have slid into your seat, a waiter materializes at your elbow. No ostentatious “Good morning” or “Good Evening” or even a plain “Welcome”. He waits att...
A surging economy Despite a sea-change in the Indian economic scene since 1991 and the partial liberalization of the Indian economy by late Shri. P.V. Narasimha Rao, one of the most under-rated Prime Ministers of India, a lot of the socialist mind-set rem...
IPR’s Relevance is easily understood, at least in some measure by every business big or small but its Reverence is hardly felt if at all. I feel as regards the importance of IPs and IPRs the correct word to be used is “Reverence” instead of “Relev...
A lot of people think they do! At least, among many of the MSMEs I have worked with and dealt. And that leads us to a fatal flaw in so many entrepreneurs who seem to think that there are certain areas of business which require very little thought. The sam...
Those who give you life can also take it away If you are an MSME, the only source of credit is probably from the Banks. There are other sources of credit which are fast becoming available now. Maybe, in another 5 or 10 years, this scenario will completely...
Who is not a sales person? If the goal of every company is to ensure profitable revenues, then it follows as the night follows the day, that each person in the company ought to be playing a role in selling profitably. If some employees are incapable of pe...
Who are we talking to? There’s a whole lot of advice floating around for would-be entrepreneurs which are simply a re-hash of what some American is saying. There is also a whole lot of stuff advising people about Start Ups, which it turns out basically ...
By Shri Shaktikanta Das, Governor, Reserve Bank of India – Delivered at the Investors’ Roundtable, 9th Vibrant Gujarat Global Summit 2019 on Friday, January 18, 2019 (Source- rbi.org.in) I am very happy to participate in the 9th edition of Vibrant...
As India moves into the 21st Century and we talk of consistent 8% + growth to elevate us to the ranks of a great power in the next 20 to 30 years, not enough attention is being paid to MSMEs which are going to be the bed-rock on which that rise will take ...
Not the best material to start with It is a fact that young men and women who come for employment to MSMEs do so, not so much as a matter of choice but because they perceive they have no choice. Normally it is because they have fairly poor academic qualif...
Import dependent for our lifeblood How crucial Bio-Feuls are to India can be judged from the fact that India’s oil bill jumped by some 25% to touch $ 87.725 billion or Rs 5.65 lakh crores in 2017-18 as international oil prices surged. In 2016-17 India h...
A bit of background I am Mumbai born and bred, took my engineering degree in America, run the business Nandan GSE started by my father several decades ago and have travelled pretty much all over the world. We are among the top manufacturers of Ground Supp...
When the Finance Minister announced the launch of a new portal to fast-track loans for micro, small and medium enterprises with a promise to approve funding up to Rs.1 crore in 59 minutes you could have heard a pin drop. No whooping, no loud shouts welcom...
Do SMEs need any financial planning? Financial planning is such a nice sounding, responsible term. Like most plans, it fails almost as soon as we finish our planning. So, what are financial plans? What are the prerequisites for a plan to work? Financial p...
Visualization is actually a simple everyday thing which almost all of us are unconsciously doing. Many accountants can mentally take a set of figures, visualize a Balance Sheet or Profit & Loss Account and can instantly tell you what will happen to th...
MSMEs are nurseries where innovation and entrepreneurship gets nurtured. MSMEs have the potential to gainfully harness the demographic dividend. However, lack of adequate and timely access to credit has remained the biggest challenge for micro and small e...
Change is the only constant We have told that change is the only constant in the 21st century so many times that is beginning to ooze out of our ears. But the fact is, IT IS TRUE. CHANGE IS THE ONLY CONSTANT. Leading the charge worldwide are innumerable o...
