Delayed payments and the resultant shortfall in working capital is something that probably every SME has to grapple with in India. According to Manish Kumar, CEO and founder of bill discounting marketplace KredX, nearly 97% of SMEs do not receive payments for their invoices within the agreed time. In an exclusive interaction with Sourcing Hardware
Their initiatives are helping the industry overcome the disparity in supply and demand for the adequately trained human resource, and simultaneously boosting their organisations’ bottom lines. By Mrinmoy Bhattacharjee Satish Kumar, country manager, Deceuninck Profiles Initiatives Deceuninck runs skill development programmes on two fronts – on the shop floor for operators to learn the right
Anil Kumar Goel, managing director of Hettich India, is bridging the skill gap in the domestic woodworking industry. He is spearheading his company’s CSR initiative in the form of Hettich Poddar Wood Working Institute (HPWWI), which has been recognised as a Centre of Excellence by National Skill Development Council. The institute is a one-of-its-kind entity
By Gyanendra Kumar Kashyap Germany premium sanitaryware brand Sternhagen has launched a new range of contemporary and persuasive composite 3D wall tiles. According to the company, the new range has been designed to offer a mix of luxury materials and finishes with high-style and quality. Sternhagen is part of the Bhavnagar-based Acrysil Group, which has
Bengaluru-based furniture fittings specialist Cervetti India is keen on expanding its retail footprint beyond present markets of Tamil Nadu and Karnataka. “As we seek to expand, we will be focusing on new states,” informed Ajay Jain ([email protected]), director–business development at Cervetti. In an exclusive interaction with Sourcing Hardware, Jain shared that the new states and
Ar Dikshu Kukreja believes that the India International Convention & Expo Centre (IICC)coming up at Dwarka in New Delhi will be one of the most iconic MICE facilities in the world. He explains why… With the opening of India International Convention & Expo Centre (IICC), India is set to join the league of select nations
GST has been billed as the country’s most ambitious economic reform in decades. It aims to make tax administration more efficient, bring in transparency, and remove red tape. As the tax enters its second year, Sourcing Hardware spoke to various stakeholders. Leaders across the industry are of the opinion that despite the initial hiccups, the
Fast changing rules are making compliance a tricky proposition, and India’s micro, small and medium businesses (MSMEs) are hard pressed to stay on the right side of the law. New Delhi-based Busy Infotech Pvt Ltd, whose ‘Busy’ business management software has seen over three lakh installations worldwide, is claiming to the saviour of traders and
Japanese building materials behemoth Lixil Group Corporation is deploying the oft overlooked ‘design’ strategy to conquer India’s bottom-of-the-pyramid market, which has been lately triggered by the Swachh Bharat Abhiyan. The company is supplying the India-specific Sato series of twin-pit Pour-Flush (TPPF) latrine that uses a V-trap to connect the Twin Pits to make switching between
When, much to her surprise, Renu Misra was asked to take over as managing director of Grohe India (a part of Lixil Water Technology, Lixil Group) in February 2012, little did she realise that this was the start of her grooming for a much larger role that was to appear a few years later. Then
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