Block-closure of Tata Motors commercial vehicle (CV) plant in Pune has
forced 5,500-odd auto ancillary units in and around the city to lay off
over 4,000 temporary workers employed on a ‘clock-hour’ basis. A slump
in demand for vehicles has forced auto companies to reduce output
levels. Announcement of production cuts has caused trouble for
ancillary units across the country.

Currently, the small and medium enterprise (SME) sector in India is
running the risk of defaulting on payments to their creditors due to
the global credit crunch. The decline in profit margins and the state
of bankruptcy of a few big players have resulted in delayed payments to
small scale suppliers, who act as a sourcing point for them.
Consequently, the growth of these small enterprises is hindered due to
cash flow problems. The issue of delayed payments has caused some of
the small enterprises to lay off their workers and even shut shops.

The first World SME Conference is set to begin in New Delhi on December
12. It will be organised by Milagrow and Knowledge Solutions Private
Limited. The conference will serve as an ideal platform for experts
from diverse organisations to discuss the challenges and prospects of
micro, small and medium enterprises (MSMEs).

The first World SME Conference is set to begin in New Delhi on December
12. It will be organised by Milagrow and Knowledge Solutions Private
Limited. The conference will serve as an ideal platform for experts
from diverse organisations to discuss the challenges and prospects of
micro, small and medium enterprises (MSMEs).