Indi Small Business News Round-up – 09/10/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

  • Financial and Banking Sector Reforms: Many banks are successfully running in the retail and consumer segments but are yet to deliver services to industrial finance, retail trade, small business and agricultural finance. The PSBs will play an important role in the industry
  • Alibaba.com takes new initiative to boost SMEs: GUWAHATI, Oct 5 – Alibaba.com, a businessportal has come forward to help the young entrepreneurs associated with the small and medium enterprises (SMEs). The website also provides market linkage to the SMEs to sell their products.
  • Govt Wants 10% of Banks’ priority sector credit to SMEs: The government and the Reserve Bank are discussing the matter on a constant basis and is likely to come out with a decision in the near future, secretary to the ministry of micro, small and medium enterprises, Dinesh Rai told reporters. Presently, banks are required to keep atleast 40 per cent of their total loan disbursal to the priority sector which includes the micro-institutions in the country.
  • SMBs to spend US$605M on network hardware (CIOL): KOLKATA, INDIA: Small and medium businesses (SMBs, or companies with up to 999 employees) in India are on track to invest up to US$605 million on networking hardware this year, up a healthy 24 percent over last year.
  • China SMBs extend business with e-commerce: Another 45 percent of small and midsize businesses in the country will launch e-commerce sites, as China’s people embrace the Internet, according to study.
  • Business – Dell in India: It had set a target of reaching 150 cities in the country by 2009 and, according to Dell Indiageneral manager (small and medium business) Neeraj Gupta, it is pretty close to that number. Most companies have a large number of dealers in

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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