In a recent development, 20% of government purchases are slated to be procured from the MSMEs. This is proposed by the National Small Industries Corporation (NSIC), in order, to boost the annual sales of micro, small and medium enterprises (MSMEs). Though the proposal is still in the consultation stage, but within 3 to 6 months, NSIC expects it to become legislation after receiving notification from the ministry of Micro, Small & Medium Enterprises.

NSIC Chairman and Managing director H P Kumar, said that the rules are framed to boost the MSME sector. He attended a seminar in Chandigarh where he said that the state governments will also have to frame similar rules to make 20% of purchases from MSMEs mandatory. According to the proposed rule, PSUs will have to make 20% of total purchases from micro units, at-least for three years and then on a yearly basis. NSIC will conduct inspections to give certifications of quality under the single point registration scheme.

NSIC is also responsible for raw material distribution under the raw material assistance scheme. This scheme, is meant to help MSMEs procure raw materials easily and to enable small enterprises finance the purchase of indigenous and imported raw materials. There are already 40 NSIC raw material distribution centres and 10 more are yet to open. The centres distribute steel, aluminum and other ferrous metals across India and are trying to add zinc, non-ferrous metals and plastic raw materials to the list. “NSIC distributed raw material to the tune of Rs 4,300 crore last year and we look forward to having a turnover of Rs 6,000 crore this year,” Kumar said.

Around 358 items are classified out of 6,000 products produced by the Indian MSMEs which should be included in government purchases from MSMEs. Enterprises registered with NSIC are entitled to various schemes and benefits like tender sets’ free availability and exemptions from payment of earnest money.

A L Agarwal, vice-chairman, Haryana Chamber of Commerce and Industry, said “This is definitely going to help Indian MSMEs. Once the rules become legislation it will give a fillip to MSMEs.”

Tags: help Indian MSMEs, NSIC, raw material distribution centres
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Managing an SME can be a difficult task as it involves a lot of challenges to keep the company going. The key aspects to manage are like production, staffing, logistics and finance. Besides, ‘sale and marketing’ has to be dealt with business acumen and planning. Real success comes from finding more clients and the ability to market product and services. The need to discover more effective marketing systems is growing everyday.

Resorting to traditional marketing systems is good but then they have their own niches and a limited access to customers. TV, radio, newspapers, magazines, direct mail, and yellow pages are all confined in their own boundaries and can meet the demands of finding just a limited number of customers. Advertising in these Social media is good for SMEs publicity but won’t always add large no. of customers. So, SME owners need to depend on Online Social media that can really generate increased traffic flow and shape their future.

SMEs are, nowadays, getting more interested to use ‘online social media channels’. It has taken the advertisement world by storm for large no. of customer additions and its immense reach. This serves multiple purpose like Lead Generation, Brand Awareness, Online Reputation Management, Customer Relations and Customer Retention.

Online Social media marketing has the potential to increase your net profit without raising the costs. There are several means to improve its effectiveness. The social media tools has proved effective in recent times. Blogging, for example, is used by businesses to make their online presence felt and to connect directly with customers with updates about products, deals, news and services. With blogging, SMEs will always find groups of people who would love to know more about their products and with whom they can form a community. Relying on Social networking websites like Twitter, Facebook and YouTube can also be very fruitful as they are a window to connect and interact with customers directly. It is not just that one shares information, but it also give an opportunity to post photos, videos and messages to promote a business. Facebook gives the option to create mini web pages for the growth of business. Youtube is valuable for posting videos. So, SMEs can use ‘Online Social media’ to attract huge traffic.

Tags: online social media, online social media channels, online social media marketing, SME, social media tools
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India has much to gain by innovating and adopting the best practices in the logistics and warehousing industry, said Ajay Shankar, secretary of the Ministry of Commerce and Industry. Shankar said bringing down the current logistics cost of 13 percent of the GDP to a globally competitive 8 percent would provide a major business opportunity for the industry, according to the SME Times. голова болит секс

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Tags: logistics and warehousing industry
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A European Union organization that regulates chemicals entering the EU may present a serious challenge to the Indian textile and apparel sector. The industry must take steps to meet REACH regulations by providing European buyers information about hazardous substances used in the manufacture of textiles and apparel. Currently suppliers have to make sure products are free of the 15 Substances of Very High Concern (SVHC) included on the REACH authorization list, said the SME Times.

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Tags: apparel sector, Chemicals, European Union, Indian textile, REACH
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India showed a decline of 8.19 percent in U.S. dollars for textile and clothing exports, according to provisional data from the Directorate General of Commercial Intelligence and Statistics. The Indian government instituted two stimulus packages to help the sector in December 2008 and January 2009. Imports of clothing and textiles to the U.S. from the top five trade countries have gone down from January to April 2009. Only imports from Vietnam have shown an increase. лесбиянки порно видео

Tags: clothing and textiles, Directorate General of Commercial Intelligence and Statistics, stimulus packages, textile and clothing exports
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The world’s wealthiest and most industrialized countries (G8) joined hands with the emerging economies (G5) to reject protectionist measures in trade and investment. The declaration will be followed by negotiations and exploration of possible modes of direct engagement within the World Trade Organization (WTO), according to the SME Times.

Besides the G8 acceding to the G5 demands for strengthening financial regulation and institutional reforms, the groups agreed to reach a balanced conclusion to the Doha Development Round by 2010.

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Tags: Doha Development Round, financial regulation, G5, G8, institutional reforms, protectionist measures in trade and investment, World Trade Organization
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India and South Korea agreed upon a comprehensive economic trade agreement that will open the way for duty-free trade between the two countries. The pact is expected to be signed in August.

The pact covers six areas including trade in goods and services, trade facilitation and dispute settlement, said the Economic Times of India.

The agreement, when formalized, will open the Korean market to Indian trade and promote the interests of investors from both countries.

Tags: comprehensive economic trade agreement, dispute settlement, duty-free trade, South Korea, trade in goods and services trade facilitation
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The ambassador of Paraguay sent out a message encouraging Indian small businesses to explore opportunities in Paraguay. With the signing of the Preferential Trade Agreement (PTA) newer markets have opened up for both countries and their businesses, Ambassador Genaro Vicente Pappalardo told the SME Times.

Tags: Indian small businesses, Paraguay, Preferential Trade Agreement (PTA)
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The Federation of Indian Export Organizations (FIEO) President, A Sakthivel, expressed concern that while bank loans have risen, the overall credit flow is slow in coming to MSMEs.

Banks are freeing up credit for mortgages and consumer loans, but less so for industry and MSME export sector, said Sakthivel. He said that banks must provide more credit to MSMEs to encourage the business environment.

Tags: consumer loans, credit flow, Federation of Indian Export Organizations (FIEO), mortgages, MSME export sector
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The Indian small scale industry (SSI) export share has declined since 2003-04,according to a study by the Institute of Small Enterprises and Development.according to a study by the Institute of Small Enterprises and Development. The SSI share in overall exports has been approximately 34 percent since 1991. The study underlined the need for a special relief package for SSI exporters.

Engineering goods, chemicals and allied products, woolen garments and knitwear exports increased, while other sectors like basic chemicals and pharmaceuticals, finished leather and leather products and rayon products witnessed a decline in export shares.

Tags: exports, Indian small scale industry (SSI), Institute of Small Enterprises and Development
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