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A Times Internet product, we provide news, views & profiles on #Startups & #SMEs from the Number 1 Business Daily in India - The Economic Times.

New Delhi, India
Joined May 2015
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For Indian companies, one of the key parts of the new release is its expanded India localisation. The updates cover accounting, GST, TDS, payroll and financial reporting, helping businesses manage local requirements within their regular workflows. economictimes.indiatimes.com…
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Between 2014- 2024, India’s goods exports to US grew 1.86 times while US exports to India grew 1.94 times.A rising 2-way relationship, with India’s global exports also up 1.36-fold, is hard to square with a “mere pass-through” story tailored to one market. economictimes.indiatimes.com…
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Tackling delayed govt subsidies requires moving away from traditional mindsets and pushing for upfront exemptions over post-facto refunds: Ashish Jaiswal, Minister of State for Finance, Planning, Agriculture, Assistance, and Rehabilitation, and Law and Justice, Maharashtra
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Textile industry has faced issues due to govt intervention such as state purchasing of cotton in a cotton-dependent economy. Always choose a business with minimal intervention: Prashant Mohta, MD, Gimatex Industries (Textiles) & President, Vidarbha Industries Association.
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Build a daily exercise habit by starting small- 5 mins daily is better than waiting for a full 45 mins. It's like compound interest: like small, consistent SIP investments add up over time, small daily efforts will lead to long-term results: @trishala_bothra, Co founder, Habuild
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All new-age firms are being funded because they are all consumer companies, they have a product to sell. While most MSMEs here are either ancillaries or they make intermediate products. That's why they face scarcity of funds: Kirit Joshi, Co-founder, Spacewood @IDBI_Bank
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Factories face two primary energy costs: DISCOMs grid and fuel expenses for diesel generators. Solar power, especially when combined with BESS, addresses both. It grants MSMEs greater control over energy costs by reducing DISCOM reliance while cutting fuel expenses: Surbhi Bajaj.
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Industries are bearing cost of the subsidized electricity being given to other sectors- farmers, residential. And they are already competing with very skewed margins. The only way to reduce operating expense is renewable energy: Surbhi Bajaj, Co-founder, Volt Energy
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All big players are coming and they require huge pieces of land-500 acres, etc., So that much land at once, whatever MIDC had, is getting exhausted, We are very much hopeful that Vidarbha will emerge as next industrial growth center of Maha: @JulfeshS of COSIA, Vidarbha Chapter.
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The strategic location of Nagpur is working, then mineral-rich areas of Vidarbha including Gadchiroli with a lot of iron. Our leaders are making it next steel city of India after Jamshedpur and Bhilai: @JulfeshS, Chairman, Chamber of Small Industry Associations, Vidarbha Chapter.
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The global disturbances are both a challenge and opportunity for industries in Nagpur. I think we can we can cope, as far as Nagpur is concerned, since we have got all types of advantages: P Mohan, President, MIDC Industries Association (MIA) @IDBI_Bank | @NewIndAssurance
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