Latest news with #RAMP
Time of India
18 hours ago
- Business
- Time of India
Punjab needs an industrial cluster in every dist: Experts
Ludhiana: Policy experts and industry veterans raised serious concerns about Punjab's underutilisation of flagship schemes aimed at promoting entrepreneurship and MSME development recently. Sanjeev Chaddha, professor and head of the management development centre at MGSIPA, said there should be at least one industrial cluster per district to support small businesses and local manufacturing. "States like Haryana have 50 to 55 MSME clusters in operation. Southern states are also making full use of these schemes. But Punjab's figures remain negligible," he added. He introduced several central and state govt schemes that industrialists and new entrepreneurs must make use of. He also pointed out that Punjab has not implemented even a single project under the ASPIRE scheme, which is specifically designed to promote rural entrepreneurship through livelihood business incubators (LBIs) and technology business incubators (TBIs). "ASPIRE offers up to Rs 1 crore in grants for setting up rural incubators, 100% support for govt-promoted LBIs, and 50% support for private or PPP models. Many states have used this to boost rural jobs," Chaddha said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold 2021 Cars Now Almost Free - Prices May Surprise You Unsold Cars | Search Ads Learn More Undo "ASPIRE has been in 27 states, with 109 LBIs, 1.08 lakh beneficiaries. For example, UP has 13,656 beneficiaries and Maharashtra 9,599 beneficiaries trained. Punjab has no approved LBIs or trained beneficiaries yet," he added. He was speaking during a capacity building workshop as part of the RAMP (raising and accelerating MSME performance) initiative. It was attended by small entrepreneurs and MSME stakeholders. Chaddha also explained how the cluster development programme provides shared infrastructure like common facility centres, R&D labs, and training units — especially useful for small and micro industries. "In Haryana, SPVs (special purpose vehicles) of 50 to 55 small industries have come together to form independent, successful units. Punjab should adopt this model across all districts," he said. Sanjeev Gupta, former chief GM of SML ISUZU, shared practical challenges and mindset barriers faced by MSMEs. "Most small entrepreneurs try to manage everything themselves — from GST to production. This limits growth and innovation," he said. He stressed the importance of delegation, outsourcing, and innovation to reduce production costs. "Even Maruti cannot keep raising car prices despite increasing costs of power, material, and labour. Instead, they improve efficiency, targeting at least 1% cost reduction annually. MSMEs must adopt a similar approach." Gupta also emphasised the role of workplace culture and employee ownership models in enhancing productivity. "At Infosys, even drivers and gardeners became crorepatis through Employee Stock Ownership Plans (ESOPs). If employees feel like stakeholders, they stay committed and perform better," he said. He encouraged entrepreneurs to treat daily product improvement and cost innovation as a continuous process rather than an occasional goal. Chaddha ended the session with a motivational message for budding entrepreneurs. "Ambani and Adani began from humble backgrounds. The only difference is they fully used every opportunity and scheme available. Punjab's entrepreneurs can do the same." BOX PUNJAB LAGGING BEHIND States like Haryana have 50 to 55 MSME clusters in operation. Southern states are also making full use of these schemes. But Punjab's figures remain negligible Sanjeev Chaddha, professor and head of the management development centre at MGSIPA Most small entrepreneurs try to manage everything themselves — from GST to production. This limits growth and innovation. Sanjeev Gupta, former chief GM of SML ISUZU
The Hindu
2 days ago
- Business
- The Hindu
Officials told to expedite setting up of industrial units in Sri Sathya Sai district
District Collector T.S. Chetan on Wednesday informed the officials to actively support young entrepreneurs and speed up the establishment of new industrial units in Sri Sathya Sai district. Addressing the District Industrial Exports Promotion Committee (DIEPC) meeting here, the Collector highlighted the need for coordinated efforts among departments to make the district's industrial landscape vibrant. Mr. Chetan observed that the industrial sector holds the key to economic progress and employment generation. With the State government's vision, the officials should focus on attracting industrial investments as per the new industrial policy. This would result in employment opportunities for unemployed youth and provide incentives to the entrepreneurs. Mr. Chetan inspected the applications for industrial clearances, which were submitted through the single desk portal, and instructed the officials to clear pending cases without delay. The Collector further asked the officials to intensify awareness about industrial schemes and unit establishment among the target group. He said that the Industries Department officials should conduct awareness programmes under the World Bank-supported Raising and Accelerating MSME Performance (RAMP) initiatives. General Manager (Industries) J. Nagaraj, District Factories Officer Radhakrishna, and senior officials from the APIIC, APSPDCL, APSFC, and Pollution Control Board took part in the meeting.
The Hindu
7 days ago
- Business
- The Hindu
Two-month campaign to strengthen MSMEs in E. Godavari begins
A two-month campaign has been launched to strengthen the Micro, Small and Medium Enterprises (MSMEs) under the Raising and Accelerating MSME Performance (RAMP) programme in East Godavari district. The initiative is being led by the the District Industries Centre, with Joint Collector S. Chinna Ramudu as the Nodal Officer. The campaign aims to equip MSMEs with tools to register brands, logos and improve required skills to strengthen their units.
Business Wire
24-07-2025
- Business
- Business Wire
System1 to Report Second Quarter 2025 Financial Results
LOS ANGELES--(BUSINESS WIRE)--System1, Inc. (NYSE: SST) ('System1' or the 'Company'), an omnichannel customer acquisition marketing platform, announced today that it will report financial results for the second quarter ended June 30, 2025 on Thursday, August 7, 2025 after the U.S. stock market closes. Management will host a conference call at 5:00 PM ET the same day to discuss the results. The live webcast and replay will be accessible on the Company's Investor Relations website at About System1, Inc. System1 combines best-in-class technology & data science to operate its advanced Responsive Acquisition Marketing Platform (RAMP). System1's RAMP is omnichannel and omnivertical, and built for a privacy-centric world. RAMP enables the building of powerful brands across multiple consumer verticals, the development & growth of a suite of privacy-focused products, and the delivery of high-intent customers to advertising partners. For more information, visit
New Indian Express
20-07-2025
- Business
- New Indian Express
Kerala should leverage its rising brand value for industrial growth: Minister P Rajeeve
KOCHI: 'Kerala's rising brand value in the post-Covid-19 era must be effectively leveraged to drive industrial growth across the state', said Industries Minister P Rajeeve on Friday. He was speaking at a Kerala Brand Stakeholder workshop in Kochi, convened to expand the scope of the 'Kerala Brand' (Nanma) initiative. The 'Kerala Brand' initiative, designed to give a distinct identity to high-quality, ethically produced products from the state, has now been expanded to include ten additional products. In the food category, coffee, tea, honey, ghee, and packaged drinking water have been shortlisted. In the non-food category, plywood, footwear, PVC pipes, surgical rubber gloves, and cattle feed will be brought under the certification umbrella. Highlighting the government's broader vision, Rajeeve also said that the state aims to attract skilled professionals who have migrated abroad and build a smart, sustainable economy powered by local enterprise. The workshop was jointly organised by the Department of Industries and Commerce, Kerala Bureau of Industrial Promotion (K-BIP), Kerala State Industrial Development Corporation (KSIDC), and KINFRA, under the Central government's Rising and Accelerating MSME Performance (RAMP) scheme.
