India’s enterprise sector has grown exponentially over the last decade. And, according to reports, Small and Medium Businesses (SMEs) contribute approximately 45 percent of the entire industrial output of the country, and also provide employment to more than 40 percent of the Indian population. C…
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Make in Manipur launched under Aspire scheme
Handloom is one of the most important and fast growing cottage industry in Manipur. The State government has been giving emphasis for the promotion of socio-economic conditions of the handloom weavers and working for the harmonious growth of Handloom industry. Manipur has 2.04 lakh handloom worke…
Focus on raising disclosure norms has benefited IPO market: Sebi Chairman
Securities and Exchange Board of India (Sebi) Chairman UK Sinha on December 15, said the market regulator’s focus on raising disclosure norms, along with a robust economy, has benefited the initial public offer (IPO) market in the country. Sinha was addressing the Association of Investment Banker…
Multimodal transport & port-led industrialisation, a game changer: Nitin Gadkari
New Delhi, 16 December 2016: The government is planning to develop an integrated system of roads, railways, airports and water ports and is also working on port-led industrialization, said Nitin Jairam Gadkari, Union Minister for Road Transport, Highways & Shipping, and described the developm…
Govt revises the provisions of Technology Upgradation Fund Scheme
The Government has approved “Amended Technology Upgradation Fund Scheme (A-TUFS)” in place of Revised Restructured Technology Upgradation Fund Scheme (RRTUFS) for technology upgradation of the textile industry with one time capital subsidy for eligible benchmarked machinery for a period of seven …
B2B commerce start-up Moglix launches GST technology for manufacturing sector
New Delhi, December 16, 2016: B2B commerce start-up Moglix, announced the launch of its GST (Good and Services Tax) technology for the manufacturing sector. In its endeavor to boost the manufacturing sector, Moglix aims to empower SME to large suppliers and buyers through its GST technology to fi…
Demonetisation Effect | Exports may hit slowdown, says Rita Teaotia
The country’s exports will likely face a temporary “slowdown” due to the cash crunch following the announcement of demonetisation on November 8, according to Commerce Secretary Rita Teaotia. Already, merchandise exports witnessed a rise in only three of the past 23 months through October. Small a…
Bangalore-based SME automation firm plans offices in 5 cities
Opening of offices in five cities, including Hyderabad, and raising the headcount figure are in the plans of Bengaluru-based G7CR Technologies India, that recently introduced custom solutions for Small and Medium Enterprises automation. Announcing the launch of Business Enablement and Automation …
Lendingkart Finance expands to 462 cities, aims to cover 10k SMEs
Lendingkart Finance, the NBFC (non-banking finance company) of Lendingkart Group, a leading online platform that facilitates SMEs (small and medium enterprises) to obtain working capital loans, has expanded its reach to 462 cities across the country. Disbursing over 6,500 loans in small towns and…
Need for IP protection for handloom weavers: Smriti Irani
There’s a need to introduce intellectual property (IP) protection for handloom weavers of India, opined Union Textiles Minister Smriti Irani at a handloom conference recently held in New Delhi. She also said that handloom is the country’s legacy and its potential needs to be positioned and acknow…