Jharkhand Chief Minister Raghubar Das has invited American industries to ‘Make in Jharkhand’, calling on businesses from across the US to invest in sectors like agriculture as he touted investor-friendly policies and an atmosphere of ease of doing business in his state. “Both th…
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Egyptian textile makers invited to ITME
Egyptian textile makers have been invited to the largest international machinery and accessories exhibition to be held in Mumbai in December of 2016. The 10th edition of India International Textile Machinery Exhibition (ITME 2016) is expected to witness a footfall of 1,50,000 visitors from all ar…
IntelleGrow launches India’s first SME Debt Pool Program in collaboration with Symbiotics, Geneva
IntelleGrow, a leading venture debt financing arm of Intellecap Group, launches India’s first SME Debt Pool Program in collaboration with Geneva-based leading global investment company Symbiotics to bring international financing to Small corporates and Medium Enterprises (SME) in the country thro…
MSME-DI Chennai to hold expo for small micro units
Chennai: MSME Development Institute is organising a Vendor development programme and exhibition-cumbuyer-sellers meet at Valluvarkottam for two days from 7 October. Supported by National Small Industries Corporation and State Department of Industries and Commerce, Punjab National Bank and Dalit I…
MSME units are facing difficulty because of increased raw material price: EEPC
Engineering exporters’ body EEPC India said the Minimum Import Price (MIP) on steel is resulting in an inversion of duty with imports of finished goods increasing at a far more rapid speed than raw material. “Any inversion in duty at this stage would be a big setback to the government…
MSME Ministry invites application for manufacturing technology partner
The government is trying hard to set up the the network of technology centres which can help MSMEs and entrepreneurs to be more competitive. Office of the Development Commissioner (MSME), Ministry of MSME, Government of India is in the process of upgrading and expanding the network of Technology …
Bollywood star Akshay Kumar promotes Ritu Beri’s Khadi line
On the eve of Gandhi Jayanti, Central Government has decided to make superstar Akshay Kumar as the new face of Khadi. He will be promoting the new clothesline made by well known designer Ritu Beri titled Khadi Vichar Vastra. Ministry of Micro Small and Medium Enterprises (MSME) confirmed the news…
Higher insurance cover for handloom weavers in the works
The Textiles Ministry proposes to increase the level of insurance cover for handloom weavers, a sector that’s on the government radar for job creation, more than three-fold in some cases. The Mahatma Gandhi Bunkar Bima Yojana provides insurance to handloom weavers in the case of natural and accid…
DIPP to hire consultants to push Start-up India
The Commerce and Industry Ministry is looking to engage consultants to promote the government’s Start-up India campaign for budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP), under the ministry, has issued an advertisement for engaging a senior consultant and t…
Dutch retailers paying ‘starvation wages’ to Indian textile workers: Report
Dutch fashion retailers are paying ‘starvation wages’ at factories in a major hub for the global garment industry in Karnataka, forcing many workers into crippling debt, a report showed. Workers surveyed at 10 garment factories in and around Bengaluru took home on average €90 ($100) a month, and …