Aims to proliferate the presence of the state’s MSMEs across India and outside
by digitally empowering them
Jaipur, November 20, 2015:
IndiaMART, India’s largest online marketplace, connecting buyers and suppliers has been steadily bolstering the business clout of MSMEs through digital disruption. At the Resurgent Rajasthan Partnership Summit 2015 held in Jaipur, IndiaMART’s founder Dinesh Agarwal touches upon the paradigm shift from the 20th century business philosophy ‘Big is Better’ to the 21st Century Focus ‘Small is the New Big’. The enlightening presentation on the digitization of SME space in transforming the entire business gamut brought a favorable light at the Conference with an aim to support and strengthen the SME community.
IndiaMART is one of the leading online marketplaces connecting buyers and sellers from across India. The company has just celebrated the milestone of 1,00,000 premium (paid) sellers out of the 20 lakh sellers it has empanelled. While many e-commerce firms talk about the seemingly impossible task of achieving 100,000 premium sellers in five years’ time, IndiaMART has already achieved that milestone. Dinesh Gulati, Director, IndiaMART explains how information technology is opening new vistas for SMEs across India.
Calls for technology adoption, innovation, efficient manufacturing and business friendly policies to boost the MSME ecosystem
Mumbai, November 6, 2015:
IndiaMART, India’s largest online marketplace connecting buyers and suppliers concluded the Mumbai chapter of IndiaMART Emerging Business Forum, (in association with ZEE Business) at Hotel JW Marriott, Juhu, Mumbai. As the acclaimed forum comes closer to the finale, it laid emphasis on the theme ‘Motivating MSMEs’ and focused on the factors that could motivate the small businesses to scale up the growth ladder and accelerate India’s business climate by making it an investment-friendly destination.
The festive mood is in the air! Come October and we are all geared up for the series of festivals, one after the other. The IndiaMART family joyfully comes together and celebrates them all. Well, the Navratri is upon us and it was time to groove with the rhythm of Dandiya Evening…
In a competitive marketplace where talent is in short supply, some start-ups have introduced a “free-look” period wherein all new hires have the right to leave or stay based on a deeper understanding of the company’s working culture.
In a start-up ecosystem, engaging with the employee for the first 30 days is extremely crucial, as some employees sometimes choose to work in a start-up because of the fat paycheck, but delivering according to the requirement often seems difficult as compared to an established corporate.
Many small and medium enterprises (SMEs) have taken to e-commerce platforms to expand their reach, both in the domestic and global markets.
According to industry sources, of 50 million SMEs in the country, at least three million, especially from smaller cities, are already using e-commerce platforms. And, in the next year, this figure is likely to double and should touch 30 million in five years.
Madanlal Suthar, based in Ahmedabad, had started Zeelplast Machinery with Rs 50,000 in 2008. The fully-automatic moulding machines manufacturing company was limited to supplying local areas, before it took to e-commerce. Now, it is getting orders from across India. Says Suthar, “The company has evolved from strength to strength with its brand identity, marketing support and business multiplying manifold.”
In an exclusive interview with Dainik Jagran, CEO and Founder, Dinesh Agarwal walks us through his life story and the various challenges he faced in all these years. He further talks about his vision to create the IndiaMART enterprise and how it survived the dot com bust in 2000 and went on to become the country’s largest online marketplace.
Parthesh Thakkar & Vijay Dhandukia,
Owners, Rami International
Such is the story of Parthesh Thakkar & Vijay Dhandukia, Owners, Rami International, who first met while pursuing their higher studies and then went on to become successful business partners. While working on a college project on Cashew Processing, the two realised the immense potential that this industry offered (especially in the state of Gujarat), and then soon devised a business plan around it.
It wasn’t long before they started reaping good results. “Today, apart from Gujarat, we operate in seven other states”, says Vijay Dhandukia, proudly.
Rami International, situated in Jetalpur (a small village near Ahmedabad), came into association with IndiaMART three years ago, when they first availed the Catalog services that the platform offered. “We would easily receive 30-50 enquiries every month”, says Dhandukia. Owing to the brilliant response, they soon upgraded their package to ‘Leading Suppliers’. They would now receive five times the enquiries that they used to receive earlier, ie, minimum 200-250 enquiries per month.
Dhandukia added, “Surprisingly, even people from small regions are posting enquiries through the IndiaMART Mobile App.” The ease of doing business that the mobile app offers has left them quite amazed.
The company now forecasts an increase of 50% in their turnover over last year and credits IndiaMART for the rising growth curve.
“We want our association with IndiaMART to continue for many more years to come, kyunki kaam yahin banta hai!”
– Another Happy Customer!
Establishing effective operation of the Power System is the most predominant factor of any infrastructure designing. Unfortunately, this has always been a big challenge for the country and it still persists. Over the years of development and research, Indian Govt. has realized the importance of renewable energy to be an only preserver in such a critical situation. It has also been pointed out, that solar energy out of all renewable energy alternatives possesses the highest potential to bridge India’s energy demand and supply gap in the future. Realizing the importance of Solar, Government of India has taken various initiatives such as tax exemptions and subsidies to bolster the sector. Private solar companies are being encouraged by the government’s decision to reduce customs duty on solar panels by 5 percent and the exemption of excise duty on solar photo-voltaic panels.
IndiaMART is accelerating its footing in online business and rapidly adopting techniques that strengthens its business framework of simplifying the backbone of its platform and facilitating smooth operations. Thus, to mull on few, I would like to list down 15 engineering tools that are behind the entire gamut of IndiaMART network.