Indian SMEs

Author: Aandy Dicosta
Date: Jan 29, 2010 - 6:00:35 AM

RSS Feed

Appearances can be deceptive. There may be many automobile  garages and unstable sheds dotting Pune’s roadsides, but you never know how many of them have entered into tie-ups with foreign firms. For example, no less than 250 SMEs have come up in Pune’s auto cluster areas and most of these companies have entered into some kind of partnership with German auto component manufacturers. Little wonder, Lufthansa airline has introduced a direct flight between Pune and Frankfurt six times a week to cater to the needs of this growing segment.

Moreover, Indian SMEs are also realizing the importance of intellectual property. They have started giving due importance to research and IPR, informs Anjan Das who heads the technology and IPR division at Confederation of Indian Industries. Going forward, many of them will even raise their bars in terms of quality for launching them in the international markets. Partnerships with international companies are looked upon as the best means for Indian companies to get their hands on international technologies.

The Indian SME market is currently a $5 billion industry. However, it is still an unorganized sector and has to encounter internal and external challenges. SMEs have massive potential in terms of innovations which needs to be consistently fostered for manufacturing new goods and services at competitive rates.

India has the largest number of SMBs as opposed to its counterparts like Brazil, Russia, China and US, as per Zinnov Research. In 2006-07, the number of SMBs in India stood at 35 million and is estimated to go up by 48 million by 2015. The most remarkable aspect being SMB contributed more than 60 percent to the Indian GDP. SMB contribution to GDP has been steadily climbing at a rate of 12 percent in the last 7 years.

RSS Feed

Related Articles...

My Take on Video Editing Sep 2, 2010 - 12:29:54 PM As a commercial production company, Point 3 Media is constantly writing scripts, shooting commercials and editing video together to produce nationally syndicated commercials. We are a Nashville-based marketing and advertising agency who loves what we do, and our video editor, Beau, decided to share why he loves what he does. Why do you do what you do?... [Read the full story]

Choosing between Quality and Quantity in Poster Printing Aug 27, 2010 - 12:45:12 AM When you are into a poster printing project, where should you really focus your attention on? Is it how attractive and impressive your poster is? Is it the quantity you put up to let more people know?... [Read the full story]

How to Get New Clients for Your Business Jul 15, 2010 - 12:10:23 PM If there is one thing, you need to learn to acquire when you are in business, it is how to have the skill to attract clients. Nevertheless, let us go further and say that you need to learn the skill of attracting the RIGHT kind of clients.... [Read the full story]

Post, Ping, Profit - A New Standard for Social Media Jun 28, 2010 - 1:58:57 PM With so many social networks, instant messengers, and announcement web sites, you'll spend entire work days altering statuses, sending messages, and posting disclaimers. While these services will be very effective at communicating your message to large audiences, they will additionally be time-consuming and frustrating. Now, imagine having the ability to post your message one time and have it update all your profiles, accounts, and sites. This is often what SOKULE does for you!... [Read the full story]

Newest Articles All Topics

Latest Articles in All Categories

My Take on Video Editing

Hip Hop Beat Making Software, 3 Things Crucial To Know Before You Buy

Posting a Resume Made Easy