Himachal Pradesh will soon formulate a separate policy for the MSMEs and all issues related to the sector will be resolved soon, Industries Minister Mukesh Agnihotri said. He was addressing a conclave of Micro, Small and Medium Enterprises on “enhancing competitiveness” organised by C…
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India among regional leaders in SME sector: MasterCard
India has among the strongest small and medium-sized enterprises sector in the Asia Pacific region but poor infrastructure and insecurity over government regulations are a dampener, according to a report by MasterCard. The SME Business Environment Index found that India scored 50.4, with a score …
Smriti Irani to launch ‘Selfie with Handloom’ campaign to boost textile industry
The newly-appointed Union Textile Minister Smriti Irani is not the one to lie low for long. After having been eased out of the Ministry of Human Resource Development (MHRD) where she had made ripples with such decisions as moves on the New Education Policy (NEP), The Minister is ready to give Ind…
B2B e-commerce players helping SMEs in recruiting skilled employees
A clutch of business-to-business e-commerce players are seeking to attract more business by helping Small and Medium Enterprises (SMEs) address the issue of recruitment. Ahmedabad-based startup Tradohub, an end-to-end supplier for SMEs, is one such company. It has tied up with local human resourc…
West Bengal to revive football manufacturing
The state that has given the country some of their finest footballers is taking a step ahead to come up with the finest footballs too. Mamata Banerjee, after promoting sports at various grass root levels she is now trying to revive the football manufacturing industry in the state. In a tie up wit…
We must focus on research, innovation in technology: Narendra Modi
Prime Minister Narendra Modi on July 31 said that the country needs to focus on research and innovation in the field of technology to fulfill former President APJ Abdul Kalam’s dream. “We can only fulfill Kalam’s dream if the next generation work towards developing technology t…
Industry expects uptick by December: ASSOCHAM
India Inc expects better days ahead six months from now in terms of growth in sales, profitability in sync with an uptick in the big macro picture, though fresh investment by the private sector is still far off thanks to continuous under-utilisation of capacities, the latest round of ASSOCHAM Biz…
India to utilize China’s decline in textile export; unveils unique package
The government is planning to announce a special package of Rs 6,000 crores to achieve the target of USD 48.5 billion in current financial year, informed an official press release. The Minister of State for Textiles, Ajay Tamta has said, “Government is planning to achieve the target of USD …
SEBI proposes relaxed norms for start-up listing
To encourage listing of start-ups, the Securities and Exchange Board of India (Sebi) on July 29 proposed an easier framework that allows more investor categories, relaxed shareholding norms and reduced trading lot amount. In this regard, the markets regulator has mooted changes to the framework o…
MSME database to be digitised soon
The relevant data regarding the country’s 51 million Micro, Small and Medium Enterprises (MSMEs) will be digitised soon, according to P Uday Kumar, Director, National Small Industries Corporation (NSIC). The Union Ministry of MSME has launched the new initiative to capture data regarding these in…