Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
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Incubation centre promised for women entrepreneurs in Vishakhapatnam
Vishakhapatnam: Union Minister for MSME Kalraj Mishra has assured support to set up an incubation centre for women entrepreneurs in Andhra Pradesh. Inaugurating Shakti, a women entrepreneurs’ meet on January 20, he said the support would be extended under ASPIRE, a scheme for promotion of innovat…
Haribhai Parithibhai Chaudhary inaugurates MSME Expo in Guwahati
Guwahati: Minister of State under the Ministry of Micro, Small and Medium Enterprises (MSME) Haribhai Parithibhai Chaudhary inaugurated the National Vendor Development Program cum MSME Expo- 2017 at Maniram Dewan Trade Centre, Guwahati on January 20. The programme cum expo was organised by Micro,…
MSME sector to be largest jobs creator: Kailash Meghwal
Rajasthan Assembly Speaker Kailash Meghwal has said that small and medium scale industries would be the largest force in generating jobs for the youths in coming years. Addressing the inaugural session of CII Finance and SME conclave, Meghwal said that MSMEs have always played major role in trans…
Kalraj Mishra inaugurates workshop on MSME Cooperation
Union Minister of MSME, Kalraj Mishra inaugurated Workshop on MSME Cooperation amongst Indian Ocean Rim Association (IORA) Member countries. Speaking on the occasion, he said that this workshop will strengthen economic relationship amongst the member countries in the field of trade and investment…
Govt pushes for zero electronics imports by 2020
In a bid to eliminate imports of electronic items by 2020 and boost domestic manufacturing, the Union Cabinet on Wednesday approved amendments in the Modified Special Incentive Package Scheme (M-SIPS). Besides to attract big ticket investments of around $1 billion in the sector, the Cabinet appro…
Handicrafts exports rise 8.3% to $ 2.67 bn overall textile & garment sector trend
Handicrafts exports rose 8.3% in the April-December period of this fiscal year to $2.67 billion from a year ago, outperforming the overall textile and garment sector that has seen a fall in recent months, show data compiled by the Export Promotion Council for Handicrafts (EPCH). “Usually the last…
Textile industry seeks 5% duty under GST
The textile industry wants a uniform duty of 5% under the Goods and Services Tax(GST), which is expected to be rolled out from July this year. The Centre had announced special packages for the apparel sector in June last year and for made-ups (an article manufactured and/or stitched from any type…
Make import of key raw materials duty-free for foundry sector
Indian foundry sector is the feeder industry to the manufacturing sector as it supports sectors like auto, auto components, railways, electric, cement etc which are the major contributors to India’s GDP. The Indian foundry industry is third largest globally with revenue at $ 18 billion & expo…
Budget 2017: Digital payment firms hope for tax benefits in Union Budget
If demonetisation got ‘Acche Din’ for digital payment companies, further tax incentives and rewards are things these entities are hoping for in the upcoming Union Budget to ensure customers stick to digital payments instruments and don’t migrate back to cash. Companies in this space are hopeful t…