Representatives feel the approach should have been more sector-specific.

Industry upset with rupee export credit extension

Business Standard

Around 85 per cent of the participants surveyed said it took 16 to 60 days to receive their dues.

Delayed payments by large companies add to SME sickness

Thanks to a three-year project by the World Bank and the UK Department for International Development, in association with the Small Industries Development Bank of India (Sidbi), Uttarakhand&rsquo;s 200-odd pharmaceutical companies, mostly small and medium enterprises (SMEs), are set to realise their export potential.

Encouraging project at Uttarakhand pharma cluster

We have a manufacturing unit in a Special Economic Zone (SEZ). We have now received an order from Nepal, for which payment will come in Indian rupees.

'Export to Nepal not specifically covered under SEZ Act'

The Tamil Nadu government has decided to promote agri-allied industry, to treble small and marginal farmers&rsquo; income in five years. It is also planning to promote new clusters and form companies in which these farmers will hold a stake.

TN to promote agri-allied activities 

In order to reach out to 2.5 million-odd SMEs in the country and assist them in achieving the next level of productivity, competency and employee engagement, the CII-Avantha Centre for Competitiveness for SMEs plans to launch best manufacturing practices like 5S, Poka-Yoke and Flow manufacturing in the e-learning format in English as well as in regional languages.

CII-Avantha Centre to launch best practice modules

Protiviti Consulting, established in 2006, is the Indian arm of Protiviti Inc, a risk and business consulting firm specialising in internal audit. Protiviti helps both established and emerging companies to identify and manage risk. Mritunjay Kapur, a chartered accountant, has extensive experience in corporate governance advisory, enterprise risk management, business operations improvement, internal audits and transaction support services.

Effective risk management is crucial for small businesses: Mritunjay Kapur 

Only 5.2 per cent of respondents in a survey of SMEs in the rubber and rubber products conducted by IndiaMART Knowledge Services revealed that they planned to invest in computers.

Only 5.2% of SMEs in rubber products sector to invest in computers

We are working under SSI exemption. We have now received an export order. We want to know the procedure for not counting the export clearances for the exemption limit of Rs 1.50 crores.

'No service tax payable for manufacturing processes'

Small Industries Development Bank of India (Sidbi) plans to raise around Rs 10,000 crore from various foreign and domestic development institutions by the end of the current financial year. According to a senior official from Sidbi, the bank&rsquo;s borrowing from foreign institutions has increased, since the cost of funds in the domestic market is high.

Sidbi to raise Rs 10,000 crore by end of current fiscal year

The bilateral trade between India and France had fallen from &curren;6.78 billion to &curren;5.36 billion mainly due to the global economic slowdown and had hurt several SMEs in both countries.

France solicits Indian SMEs with incentives

The bilateral trade between India and France had fallen from &curren;6.78 billion to &curren;5.36 billion mainly due to the global economic slowdown and had hurt several small and medium enterprises (SMEs) in both countries.

The proposed goods and service tax (GST), which has seen the main political parties adopt opposing views, spells a mixture of good news and some restrictions for small and medium enterprises (SMEs), industry experts said.

GST to enhance SMEs' efficiency

The Indian textile industry, whose margins have been squeezed by the 27 per cent increase in cotton price last season, has gone on the warpath to ensure that a situation similar to last season is not replicated in 2010-11.
Industry players are demanding that preferential status be accorded to readymade garment exports over export of raw cotton; that export of cotton, if any, should be carried out in a calibrated manner, and that domestic demand for cotton should be given priority over exports

Textile industry seeks curbs on cotton exports

Our excise consultant says we need not pay education cess and secondary higher education cess on clearances from Export Oriented Units (EOU) to the Domestic Tariff Area (DTA), if the excise duty is based on the Customs duty leviable on like goods, if imported. Our excise officials say cess must be paid because the calculation of equivalent Customs duty is only for arriving at the excise duty and cess must be paid on the excise duty.

'Education cess not chargeable on total value of Customs duties'

Whoever said only adults can be entrepreneurs? SIES Clinic, founded by two professors, is out to prove them wrong. SIES Clinic, which stands for Start-up, Innovation, Entrepreneurship and Strategy Clinic, encourages children to throw up ideas that can be turned into successful business ventures.

Children lord it over adults at this incubator

The increase in commodity prices, coupled with rising fuel and power costs, is eating into the margins of local biscuit manufacturers in Andhra Pradesh.

Input costs eat into local biscuit makers' profits

Arms dealers in West Bengal face a bleak future, as their business has declined drastically over the years due to the state government&rsquo;s tight gun licensing policy.

Arms dealers face bleak future in Bengal

India is set to import both passenger and military aircraft in large numbers, and SMEs have their eyes on orders that could result from the offsets policy.

Aerospace parts business the next growth driver

In line with the optimistic trend seen since December 2010, 78.3 per cent of the SMEs in the packaging industry which participated in a survey carried out by IndiaMART Knowledge Services said that they were planning to increase their production capacity, while 21.7 per cent felt otherwise.

78% of SMEs in packaging industry to expand

This is regarding &lsquo;when to pay the revenue deposit/extra duty deposit&rsquo; amount in case of imports by related parties. We plan to warehouse the imported consignments/goods &lsquo;in bond&rsquo; and later pay the duty amount as and when we clear the goods from the bonded warehouse.

'Duty deposit must be paid at gateway customs before warehousing'

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