Two traditional eastern region industries — jute and tea — are facing problems over the demonetisation move of the Centre, which they say is impacting wage disbursals. They have appealed to the RBI and the state governments, seeking their intervention in the matter. The two sectors taken together…
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Banks willing to take on SME risk
Even as small businesses across the country go through a bad patch, lenders are willing to take on the risk and give them the support they need, said experts at an interactive panel discussion at the Surge SME Conclave. “The banking industry has exposure of ₹10 lakh crore in the MSME sector and N…
Govt may consider separate banking windows for labour-intensive units
As bank branches across the country struggle to meet the surging demand for cash, the government is looking at options that include opening a separate banking window for labour-intensive industrial units in sectors such as textiles and construction to enable them easier access to cash to make wor…
London woos Indian start-ups; key to growth, jobs post Brexit
London’s technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. “India is the second largest investor into London, after the US… Despite concerns over foreign investment in…
Khadi to go global; deals inked with Raymond & Peter England
‘Khadi India’ has tied up with global cloth majors Raymond and Peter England to hawk garments made out of Khadi in the international market. This is just one of the many innovative decisions taken by the Khadi & Village Industries Commission (KVIC), as part of its brand promotion and series o…
How edtech start-ups are helping teachers perform better
Raji Sarath has been teaching English on e-learning platform Vedantu for just over six months. In these six months, the Kerala-based teacher has taught students not just in India, but also from countries like the UK, Canada and the UAE. The experience has been a learning curve for Sarath as well,…
Modi calls for greater participation for Japanese industries; MSMEs to benefit
Prime Minister Narendra Modi on November 12 called for greater participation and engagement of Japanese industries, saying it will benefit Japan and India’s Micro, Small and Medium Enterprises (MSME) sector for which it could prove “transformational”. Modi recalled his association with Hyogo Pref…
Reminder: Udyog Aadhar Memorandum has no fee for MSMEs
Denying reports that the government is charging a registration fee for filing Udyog Aadhar Memorandum, the only form of registration for micro, small and medium enterprises (MSME) in India, the Ministry said the registration is free of cost. “The Udyog Aadhar Memorandum has no fee. You can …
Defence sector pitches for aggressive MSME participation
The Army, Air Force and Navy on November 11 pitched for aggressive participation of the MSME sector in defence equipment manufacturing to tap a huge USD 9.6 billion market. “The whole Indian defence budget is around USD 40 billion, of which a USD 9.6 billion market can be accessed by the MSME sec…
Policy relaxation jumps FDI 77.5% to $5.15 bn in Sept
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 percent to USD 5.15 billion in September this year. In September 2015, the FDI had stood at USD 2.9 billion, according to the data of the Depa…