HIGHLIGHTS OF THE WEEK

By 2024, Tide hopes to have one million Indian members. Gurjodhpal Singh said that the company will support sixteen micro- and small businesses from India and the UK in growing their operations in the upcoming months. Every quarter, Tide will pick two small-business owners/entrepreneurs from the UK and India to sponsor under the MEP.

Weekly MSME News Updates

The electronics export from India has surpassed the ready-made clothing basket to become the sixth-largest export product. India’s exports of electronic goods increased from 15.66 billion to 23.57 billion dollars between 2022 and 2023. By 2025–2026, the central government wants to enhance the electronics manufacturing capacity to Rs 24 lakh crore.

Korea’s exports to India surged by 21% to 18.9 billion USD, while imports rose by 10.5% to 8.9 billion USD. Chang Jae-bok stated that India and Korea should concentrate on the crucial subject of green energy and benefit from one another’s strengths. By collaborating and cooperating, both nations may make progress towards reaching sustainable development goals.

The new SOPs will now allow the applicants for the scheme to submit their requests for OEM and component testing and certification of AAT products. This will help them qualify for incentives under the PLI schemes. These SOPs will contribute to the achievement of Aatmanirbhar Bharat’s vision and strengthen the position of the manufacturing sector.

Market opportunities received India’s top rating, helped by the enormous and expanding domestic market that the nation provides. The shift to India is the result of geopolitical trends at the international level, particularly the conflict between Beijing and Washington. Global manufacturers are thinking about strategies for “reshoring sourcing” and “localising manufacturing”.

The goal with the NetApp Excellerator is to establish a healthy innovation ecosystem for businesses with a deep tech focus and to assist them in accelerating their growth, said Ravi Chhabria. Six graduating deeptech startups from Cohort 11 that presented to mentors, investors, and industry professionals included Zluri, AppSenitels, RapL, PrivaSapien, Firefly, and Squadcast.

India is the world’s second-largest producer of fruits and vegetables after China, according to APEDA. The country produces fruits and vegetables because of ideal agro-climatic conditions, worker availability, and low input prices. Horticulture’s productivity has greatly increased, going from 8.8 TPH in 2001–02 to 12.1 TPH in 2020–21.

Global News

Earlier this month, the two countries launched a dialogue to deepen engagement in the areas of information exchange and export regulations. Thea Rozman Kendler said that the export regulations offer the necessary framework or building block to safeguard international peace and security without unreasonably interfering with economic trade.

As a part of the agreement, about 22 Polish air defence batteries would be furnished with Common Anti-Air Modular Missiles and launchers. According to Ben Wallace, the agreement was the biggest British defence export deal ever with Warsaw. It strengthens previously-existing defence links with Poland, where the CAMMs have already deployed with the British Army.

The World Bank estimates that it will cost $100 billion by 2030 to ensure access to high-speed Internet for all of Africa. There is a financial gap between start-ups because it is difficult to connect with mentor networks that can speed up fund-raising or because investors are less confident in firms run by women.

As a maritime hub, Panama offers exceptional logistical capabilities as well as a business- and investment-friendly environment. With bilateral commerce reaching $610 million in 2022, it is India’s main commercial partner in Central America. Panama considers the pharmaceutical industry a top target for cooperation with India.

The hosting of the international event by the UAE demonstrates the ongoing cooperation and partnership between the FNC and the IPU. It carries on the UAE’s diplomatic achievements at global parliamentary gatherings. In keeping with the nation’s important position as a WTO member, the country hosting the MC13 is also in line.

The programme’s goal is to assist local businesses in meeting specific technology, business system, and certification standards in order to enable them to join Hanwha’s supply chain. A total of nearly $200,000 will be given to five businesses with a focus on land system defence, including Campbellfield-based APV Corporation and Waurn Ponds’ Hannagan Solutions. 

Industry Insights

Leaders in profitable growth are investing in direct-to-consumer platforms and other areas that will enable businesses to respond to shifting consumer expectations. According to an earlier study, some businesses may have improved their labour profile by promoting diversity, equity, and inclusion, among other measures.

Events, Training & Workshops

Updates from Partner Ecosystem

Why eGrowth

Do reach out for sponsorship opportunities and some creative and pocket friendly MSME outreach solutions.

And remember to subscribe to our newsletter so that it reaches your email inbox every week.

Our Partners

eGrowth is a cost effective channel for you to expand your reach to manufacturers, importers, exporters, MSME service providers and MSME solution providers. We can design some  creative and pocket friendly MSME outreach solutions for you.