India’s micro, small and medium enterprises (MSMEs) may find fresh momentum in the government’s latest overhaul of the Goods and Services Tax (GST) regime. With over 66 million enterprises forming the backbone of India's economy, the simplified framework is...
India’s pharmaceutical sector is seeing significant progress under the Production Linked Incentive (PLI) Scheme for Key Starting Materials (KSMs), Drug Intermediates (DIs), and Active Pharmaceutical Ingredients (APIs). A total of 48 projects have been approved to strengthen local manufacturing...
In a major step toward decarbonising India’s freight sector, the Ministry of Heavy Industries has launched the country’s first-ever incentive scheme for electric trucks under the PM E-DRIVE initiative. Spearheaded by Union Minister H.D. Kumaraswamy and aligned with Prime...
A concerning digital reality is emerging for Indian small and medium enterprises (SMEs). According to recent data from the India SME Forum, CERT-In, and DSCI (2024), 74% of SMEs in India reported facing at least one cyberattack in the...
Micro, Small, and Medium Enterprises (MSMEs) in Tier II and III cities have reported an average 20% increase in revenue after integrating with the Open Network for Digital Commerce (ONDC), according to EasyPay. The fintech firm, which became a...
India’s manufacturing MSMEs are grappling with an overwhelming regulatory burden, with compliance costs running as high as ₹17 lakh annually, according to a new report by TeamLease RegTech. The report, titled ‘Decoding Compliance for Manufacturing MSMEs in India’, paints...
India’s next phase of digital transformation hinges not just on the scale of its platforms but on the quality of data powering them, according to a new report by NITI Aayog’s Frontier Technologies Hub. The report, released as part...
Uttar Pradesh has unveiled plans to construct a ₹125 crore "flatted factory" in Greater Noida as part of its ambitious strategy to support Micro, Small, and Medium Enterprises (MSMEs) and drive the state toward its USD 1 trillion economy...
Venture capital firms in India are increasingly embracing artificial intelligence (AI) and automation to enhance efficiency in sourcing and managing deals. With growing workloads and a surge in startup pitches, these firms are leveraging generative AI (GenAI) tools and...
Artificial Intelligence (AI) remains significantly underutilised by India's small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in the manufacturing sector. Experts at a recent summit organised by the Bangalore Chamber of Industry and Commerce (BCIC)...
