Latest news with #WorldMSMEDay
Hans India
4 hours ago
- Business
- Hans India
Over 10 lakh micro and small enterprises join Government e-Marketplace
New Delhi: More than 10 lakh micro and small enterprises (MSEs) have joined the Government e-Marketplace (GeM) portal and total transaction value on GeM has reached around Rs 5.40 lakh crore in FY2024-25, a top government official said on Saturday. Ajit B Chavan, Additional CEO, GeM, said the platform is a window for the MSMEs for supplying to government departments. Addressing at a PHDCCI event on the occasion of the 'World MSME Day,' he shared about the transparency of the GeM portal and opportunity it offers to the MSMEs for supplying goods to various departments. Chavan further highlighted about the GeM Sahay, which brings a complete financing solution for small businesses on GeM. The app assists in availing instant financing to serve the Government orders without any hassle. DP Goel, Co-Chair, MSME Committee, PHDCCI, stressed upon the need for rural entrepreneurship development to promote businesses and employment in the remote areas for their growth and development. Dr HP Kumar, former CMD, NSIC and advisor, PHDCCI mentioned that MSMEs are increasingly seen as a model for other countries due to their significant contributions to economic growth, job creation and innovation, particularly in developing nations. 'Their agility, adaptability, and ability to foster entrepreneurship make them attractive examples for other economies to emulate. He also stressed on the need for new enterprise creation while promoting the existing ones for their capacity building and growth,' he highlighted. V.K. Jain, Senior Manager, National Research Development Corporation (NRDC), highlighted that NRDC is India's leading technology transfer organisation with seven geographical footprints all over India to cater to the different technology requirements of MSMEs and startups. He also shared some examples of success stories of NRDC in commercialising the technologies, urging the participants to reach out to NRDC for any technology or IPR support required by the MSMEs and start-ups.
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Business Standard
5 hours ago
- Business
- Business Standard
Startups use AI, omnichannel push to expand globally, reach deeper locally
As India's startup sector enters a new phase of growth, a wave of emerging companies is turning to artificial intelligence, omnichannel distribution and the creator economy to reach smaller domestic markets and expand globally. To mark World MSME Day, Meta has released a report commissioned from consulting firm Alvarez & Marsal India. The study draws on insights from interviews with 100 high-growth startups across the country. It identifies six key levers expected to shape the next chapter of Indian entrepreneurship. These include AI adoption, cross-border expansion, omnichannel strategies, deeper reach into Tier 2 and Tier 3 cities, category diversification and creator-led brand building. 'In today's dynamic times, startups that think smart and act fast to evolve will lead the charge,' said Sandhya Devanathan, Vice-President, India and South East Asia, Meta. 'At Meta, we're proud to be partners in this journey, equipping startups with cutting-edge AI-powered tools to help them scale and turn their bold ideas into impact.' Himanshu Bajaj, Managing Director and Head – Alvarez & Marsal India and GCC, noted that he is seeing a significant shift in how Indian startups think about scale — not just for pursuing growth but building more sustainable businesses that focus on value creation. 'AI, tiered expansion and omnichannel models are no longer future bets — they're foundational to execution today,' said Bajaj. 'What stands out is how early-stage startups are applying these levers with surprising sophistication.' Over 70 per cent of startups are now integrating AI across core business functions. 'We leveraged these cutting-edge tools to optimise our marketing campaigns, and the results have been nothing short of phenomenal,' said Shrawan Daga, Founder, Krishna's Herbal & Ayurveda. About 67 per cent of small firms have adopted omnichannel models to address modern customer journeys that span online discovery and offline purchase. 'Attributing online spends to walk-ins and offline conversions is the most critical aspect to driving an efficient omnichannel business while continuing to use digital as the primary advertising channel,' said Ayushi Gudwani, Founder, FS Life. The report said nearly all startups are expanding into Tier 2 and 3 markets to cater to high demand and existing supply gaps. 'India's next billion consumers are not waiting to catch up — they're leapfrogging,' said Swagat Sarangi, Co-founder, Smytten. 'In Tier 2 and 3 markets, relevance isn't about scaling down your offering, it's about showing up with empathy, accessibility and trust.' About 52 per cent of small firms are expanding cross-border, tapping into large addressable markets and global demand for Indian-origin products. The United States, the UAE and the United Kingdom emerged as the top export markets. 'We've successfully expanded our global footprint, achieving a remarkable 30 per cent higher ROI in new markets,' said Aakriti Rawal, Co-founder, House of Chikankari. According to the report, 84 per cent of startups have diversified beyond their core offerings. They are leveraging synergies across product lines, customer cohorts and distribution channels. 'As Noise expands globally and enters new categories, our focus is on building performance-oriented smart tech that takes the 'Make in India' story to the world,' said Gaurav Khatri, Co-founder and CEO, Noise. The report also finds that 88 per cent of brands now partner with creators — including niche influencers and celebrities — to build community-led storytelling. 'Working with creators allows us to tell real, relatable stories that build trust and emotional resonance,' said Suramya Jain, Co-founder, RAS.
Express Tribune
13 hours ago
- Business
- Express Tribune
National SME Survey launched
Listen to article In a landmark step towards data-driven policymaking, the Small and Medium Enterprises Development Authority (Smeda) and Pakistan Bureau of Statistics (PBS) formally launched field operations for the National SME Survey at a ceremony held at the PBS office in Lahore, which coincided with the World MSME Day. Senior leadership from both organisations attended the event and emphasised the critical importance of the SME Survey in shaping the future of Pakistan's economic landscape. In his speech, Smeda CEO Socrat Aman Rana highlighted that SMEs were the backbone of Pakistan's economy, contributing 40% to the national GDP, 31% to total exports and generating nearly 78% of total employment. He underscored that despite their pivotal role, the lack of reliable and comprehensive data has historically hindered the development of effective, targeted SME policies. PBS Chief Statistician Naeemuz Zafar remarked that the survey was being undertaken in a phased manner and was designed to cover strategic sectors of SMEs.
Business Recorder
14 hours ago
- Business
- Business Recorder
SMEDA, PBS launch National SME Survey
LAHORE: In a landmark step towards data-driven policy making, the Small and Medium Enterprises Development Authority (SMEDA) and the Pakistan Bureau of Statistics (PBS) formally launched the field operations of the National SME Survey at a special ceremony held at the PBS Office in Lahore, coinciding with World MSME Day. Senior leadership from both organisations attended the event and emphasized the critical importance of the SME Survey in shaping the future of Pakistan's economic landscape. In his address, Socrat Aman Rana, CEO SMEDA, highlighted that Small and Medium Enterprises (SMEs) are the backbone of Pakistan's economy, contributing approximately 40 percent to the national GDP, 31 percent to total exports, and generating nearly 78 percent of total employment. He underscored that despite their pivotal role, the lack of reliable and comprehensive data has historically hindered the development of effective, targeted SME policies. He further informed the audience that Prime Minister Shehbaz Sharif, during a meeting of the Steering Committee on SME Development, had directed the launch of a nationwide SME Survey to address the long-standing issue of outdated and fragmented data. In line with this directive, SMEDA and PBS joined hands to design and implement the National SME Survey through a collaborative and consultative process involving multiple stakeholders. Appreciating PBS's dedication and technical leadership, CEO SMEDA commended the Bureau's unwavering efforts in successfully executing the early phases of the survey. Speaking on the occasion, Naeem Uz Zafar, Chief Statistician, PBS, remarked that the survey is being implemented in a phased manner and is designed to cover strategic economic sectors of SMEs through a total of 12 sectoral surveys. He informed the house that four of these surveys have already been successfully completed, owing to the close coordination between PBS, SMEDA, and other stakeholders. Marking World MSME Day 2025, the Chief Statistician and CEO SMEDA announced the commencement of field operations for the next five sectoral surveys of Education, Human Health & Social Work Activities, Publishing & Software Development, Acco mmodation & Food Service Activities (Hotels and Restaurants) and Other Personal Service Activities. He added that these surveys would generate reliable and current data to support evidence-based policymaking and promote inclusive and sustainable growth within Pakistan's SME sector. Copyright Business Recorder, 2025
Indian Express
16 hours ago
- Business
- Indian Express
Previous UP govts were only busy fuelling caste conflicts: Adityanath
Chief Minister Yogi Adityanath on Friday alleged that the previous governments in Uttar Pradesh were too busy fueling caste-based conflicts, which left the youth of the state struggling with an identity crisis. Launching initiatives to promote entrepreneurship during a ceremony in Lucknow to mark World MSME Day, the CM said the past governments not only encouraged caste-based divisions in society but also ignored entrepreneurs. Adityanath inaugurated the 'Youth Adda' platform, launched the CM Yuva mobile app, and unveiled ODOP Common Facility Centre (CFC) projects worth Rs 18 crore for Bareilly and Moradabad. Addressing the gathering, he said before 2017, Uttar Pradesh was known for riots, mafia gangs and was one of the most unsafe states for 'daughters and traders'. Despite having come into existence in 1950, Uttar Pradesh never celebrated its Foundation Day until 2018, he said, adding, 'The previous governments were too busy dividing society along caste lines and serving their own families instead of working for the state's development. They ran the state based on family politics, where each district was controlled by a different mafia. As a result of this, people faced an identity crisis.' 'Our government does not discriminate on the basis of caste, region or language. We are committed to providing a platform to every talented youth,' he said. The CM Yuva mobile app will provide access to training, loans, and information about government schemes without bias, he said. The app, he added, will ensure that no young person needs to run from one government office to another, as everything will be available in one place digitally. The Chief Minister said UP now has over 96 lakh MSME units employing more than 2 crore people across communities. 'The government has provided a financial safety net of Rs 5 lakh and social security to these units. With a 14% share in the country's MSME sector, UP is now a leading state in this domain,' he claimed. 'The state's exports have grown from Rs 80,000 crore in 2017 to over Rs 2 lakh crore today. The per capita income has increased from Rs 46,000 to Rs 1.2 lakh, and the state's GDP has surged from Rs 12 lakh 75 thousand crore to Rs 31 lakh crore,' the CM added. He also announced the third edition of the International Trade Show from September 25 to 29 in Greater Noida. The event will serve as a global platform to showcase and promote UP's MSME products to international buyers. As many as 77 products from the state have received the GI tag, and work is underway on 75 new applications, he said. A memorandum of understanding (MoU) was signed with the Human Welfare Association to support artisans from all communities in protecting and promoting their products, the CM informed.
