The Indian economy is poised for a remarkable growth trajectory in the fiscal year 2024-25, with the Confederation of Indian Industry (CII) projecting an impressive 8% growth rate. This optimism is rooted in the expectation that next-generation reforms will be carried forward in a mission-mode. The newly elected President of…
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The Importance of social media for MSMEs
In today’s fast-paced digital world, social networking and marketing has become an essential tool for organizations of all kinds. Leveraging social media platforms can be especially beneficial for Micro, Small, and Medium-sized Enterprises (MSMEs). Here’s why social media is important for these businesses. 1. Cost-Effective Marketing One of the most…
Leveraging New Age Technologies: Applications in the Indian Context
In recent years, India has adopted new generation technologies at an unprecedented rate, revolutionizing numerous industries and paving the way for a dramatic shift in company operations and societal functions. Traditional business structures and procedures are being transformed by technologies such as artificial intelligence (AI), quantum computing, machine learning (ML),…
Growing SMEs Through Tailor Made Finance
Small and Medium Enterprises (SMEs) are the lifeblood of India’s economy, driving innovation, creating jobs, and fostering regional growth. SMEs frequently encounter major obstacles when trying to obtain timely and sufficient financing, despite their crucial role in society. It is not only practical to address this crucial issue; it is…
Challenge of creating a skilled workforce
India stands tall today as the world’s fastest-growing large economy. This has been accompanied by the creation of high-quality employment opportunities, as reflected in the latest Periodic Labour Survey, where positive trends can be observed across many indicators. The worker-population ratio (WPR) for people aged 15 and above increased…
Unlocking Triple Bottom Line Potential: How the CII Climate Action Charter (CCAC), MSME Toolkit Elevates Profit, People, and Planet
In today’s business landscape, sustainability is crucial for lasting success. MSMEs play a key role in addressing climate change due to their widespread presence and innovative potential. While balancing profitability, social accountability, and environmental stewardship is challenging, the CII Climate Action Charter (CCAC) MSME Toolkit offers a robust solution. It…
Strengthening Indo-German Economic Cooperation: Opportunities for SMEs Through Partnering in Business with Germany
Strengthening Indo-German Economic Cooperation: Opportunities for SMEs The recognition of the important role small and medium companies (SMEs) play in advancing trade, investment, and technological ties has led to a long history of strong engagement between India and Germany. A historic Joint Declaration was signed on September 9, 2008, by…
CII Annual Business Summit 2024
India has set an ambitious target of becoming a prosperous country by 2047. At the recent Annual Business Summit, CII charted the course for Indian Industry in 2024-25 under the theme ‘Co-creating the Future Responsibly: Role of Business’. This year, the Summit brought together leaders and key stakeholders for deliberations…
Developing Sustainable Value Chains Across Indian Industrial Ecosystem
Climate change poses an increasingly significant risk to business operations, necessitating urgent collaborative efforts to minimize these risks and enhance resilience. The Government’s urgency in addressing climate challenges can be ascertained by the fact that there has been a 33% reduction in emission intensity from 2005 to 2019 (as per…
Empowering Women Entrepreneurs: Driving Business Success with Digital Tools
The Role of Digital Tools in Entrepreneurial Success In the modern business environment, technology is essential to an entrepreneur’s success, particularly for the Micro, Small, and Medium-Enterprises (MSME). The technology is supporting in eliminating barriers towards payment and access to finance, connecting with wider audience, increasing production and size of…