SME World - June 2020

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SME WORLD June 2020 Issue

Hard Decisions, Creative Thinking Can Help Startups Survive: Esha Tiwary

Entrepreneur First (EF), a leading UK-based global talent investor, was founded in London in 2011 by Matt Clifford and Alice Bentinck. It helps the world's most ambitious individuals build globally important companies. EF's bespoke programme, the first of its kind in the world, invests time and money in outstanding individuals, helping them to find a co-founder, develop an idea and create a high-growth technology company from scratch. To date, EF has helped over 2,000 individuals build more than 300 companies, with a total valuation of over $2 billion. EF's companies have been funded by many of the leading venture investors in Europe, Asia and Silicon Valley.

3 mins

Online Classes the New Normal in COVID-19: Survey

In traditional scenario, a class means teaching in brick and mortar environment. COVID-19 has compelled most of the countries to lock down their schools and as a result, teaching in traditional scenario was not possible. As problems create opportunities, lockdown provides opportunities to go beyond traditional classroom learning to digital or online learning. This study is a part of project of situation analysis for online learning of students.

2 mins

Let's Support and Celebrate our Nursing Heroes through the Pandemic and Beyond

The coronavirus pandemic has affected healthcare delivery at almost all levels. Although most of the changes are necessary, the new environment poses a threat to the welfare of healthcare professionals.

2 mins

MSMEs and Recent Changes to the Insolvency Regime

The Insolvency & Bankruptcy Code, 2016 (the “IBC 2016”) does not recognize the special status of micro, small and medium enterprises (“MSME's”) in our economy. While MSME's remains a key focus area for the government in its quest to achieve a $5 trillion economy, the recent changes in the IBC 2016 can perhaps be further improved since MSME's are among the worst affected commercial enterprises due to nationwide lockdown.

3 mins

MSME Must Capitalize Opportunities that Lie Beyond Pandemic

MSMEs are drivers of socio-economic development in India and key influencers in urbanizing rural India. There are 63 million MSME units spread across the length and breadth of the country providing employment to 120 million people —nearly 40% of India's workforce. Currently accounting for 30% of GDP and 40% of total exports, MSMEs are the engine that will power India to its GDP USD5 trillion ambition.

4 mins

Impact of Covid-19: SME Sector Must Develeop Strategies to Fight Back

Small and Medium Enterprises (SMEs) sector has come to be known as India's economic engine over the last few decades. The importance of this sector can be assessed through its ability to provide employment opportunities at low capital cost and industrializing the backward regions of the country. The Indian SME sector has been struggling, for over a decade, with its own set of challenges like the slowdown of the economy, high cost of capital, extremely low budget for research and innovation, lack of quality manpower, rising cost of raw materials and manpower, increasing marketing expenses and tough competition in almost every sector. But, no one could have imagined that the biggest challenge to be faced by the SME sector would be so unprecedented in the form of COVID-19. This tragedy has posed a common and the biggest problem in front of the entire nation as the world's largest democracy witnesses one of the longest lockdowns in its history.

3 mins

Strategies for Revival of MSMEs Post Covid-19

In India, the development of Fintech in the last few years is very advanced and fintech will be used to enhance transaction-based lending using the data generated by the e-marketplace. Digitisation of transactions will help the lenders to assess the borrowing capacity of the borrowers and the amount of lending could be decided by the digital financial footprint by SMEs.

5 mins

How Al Can Help Enterprises To Restart Operations

Enterprises need to derive a strategy to restart operations with a no-compromise stance on employee safety while being profitable. The scale, scope and the remedial steps for this unprecedented crisis are difficult to fathom for the human mind. This is where technology steps in. Al can see patterns in seemingly unrelated data from across the world and help people derive industry specific solutions.

4 mins

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SME World Magazine Description:

SME WORLD is India’s most authentic information and knowledge magazine dedicated to the SMEs sector. The magazine enjoys a large readership and is popular with entrepreneurs across sectors.
1st ever Indian magazine to penetrate Tier II, III cities & the rural belt.
Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
Official Magazine Partners for several national & international MSME events.