How Your Business Can Benefit From Slow Growth

Is The Secret To Business Success Hidden In Slow Growth?

The prominent narratives about today’s startup culture are about those companies that are moving forward at an astronomical pace. The limelight concentrates on industry leaders who are constantly innovating and producing new cultural products that are implicitly intertwined with technological brilliance. This article is not about them. Slow growing businesses are people-centric. They concentrate on…

KredX is now ISO 27001:2013 certified

Announcement: KredX Is Now ISO 27001:2013 Certified

Digital security is paramount in the business world because of the growing dependence on technology that the world has gone through. Information management becomes a task that has much importance for sustainable customer retention in today’s age. In today’s day and age where businesses often struggle to meet industry standards, certifications that vouch for standard…

An Overview Of GoI's National Manufacturing Competitiveness Programme (NMCP) For MSMEs

An Overview Of GoI’s National Manufacturing Competitiveness Programme (NMCP) For MSMEs

The manufacturing sector contributes 17% to the country’s overall GDP of which 45% of the manufacturing sector’s output is contributed by the SME sector alone. The SME sector forms an integral part of the Indian manufacturing sector and enjoyed a sheltered existence with a high tariff on imports, fiscal incentives and a monopoly on the manufacture of certain goods. However, the reform era beginning 1991 opened India to trade agreements with other countries that proved advantageous to organizations that held a monopoly in their respective trades. To help with this and augment the global competitiveness of the Indian micro, small and medium enterprises (MSME), the Government of India in partnership with the MSME ministry launched a set of schemes under the National Manufacturing Competitiveness Programme (NMCP). These schemes which began to be implemented in 2006 aim to give these enterprises a competitive edge to survive in a liberalised economy.