thinking-big-indias-smes

Thinking big: India's SMEs

A new breed of entrepreneur is taking India by storm. Who are they and how are they funding themselves?
ôIndiaÆs small and medium enterprises are on high octane,ö says CitiÆs Sandeep Ghosh who heads lending to this segment of companies for the US bank in India.

What are small and medium enterprises SME in the Indian context Citi uses revenue as the determinant it defines small as those who have sales less than $50 million and medium as those with sales between $50 million and $200 million.

The Reserve Bank of India RBI uses investment in fixed assets as the criteria. It defines small as a company where the investment in plant and machinery is more then Rs2.5 million $61,000 but less than Rs50 million and a medium enterprise as one where the investment...
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