Five months ago, Google had even launched a mobile application called ‘Google My Business’, exclusively for SMEs.
The application has already garnered over 1 million business users. “Around 25,000 new businesses are coming on board every week,” said Rajan Anandan, vice president and managing director, Google India & South-East Asia at a press conference in New Delhi.
Google’s SME initiative is part of its ongoing effort to get as many Indian consumers on the internet as possible. An online presence helps SMEs garner 51 percent higher revenue and 49 percent higher profit than those without it. There are 51 million SMEs in India, of which only 10 million are technology ready.
Google is using mobile applications to improve SMEs’ online presence as it feels that, very soon, India will become the world’s first mobile platform. “Almost 200 million of the 300 million internet users in India access the internet only through their cell phones,” Anandan told Forbes India, adding that Google’s mobile application will be “free forever”.
‘Google My Business’ will also work on desktops apart from mobile devices. SMEs can use the application to update their business-related information on different Google platforms such as maps, Google plus etc. The software will provide features such as street view imagery of the store or a 360 degree view of the store, Anandan added in the report.
“If India has to grow, it has to become a job creator and not a job seeker.” Amitabh Kant, secretary, Department of Industrial Policy and Promotion (DIPP) told Forbes India. Almost 80 percent of the job creation is done by SMEs, of which 65 percent is by micro enterprises,” Kant was quoted in the report as saying. “We are working towards making India a business-friendly place and we will use technology to leapfrog.”
Online marketplace Snapdeal.com, which works with 1,50,000 entrepreneurs, said its goal is to work with 1 million online entrepreneurs in three years. “We have scaled from 10 to 1,50,000 entrepreuners in three years. The ability of entrepreneurs to build a large business over a short span of time has become egalitarian thanks to the internet,” Kunal Bahl, founder and CEO of Snapdeal.com, was quoted in the report as saying.