Even as inflation has soared to a new high, the Union government has not revised the investment limit for the Micro, Small and Medium Enterprises (MSME) for many years. Entrepreneurs say it has resulted in hindering its necessary expansion and modernisation of its machineries to compete with the …
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Wind, solar hybrid policy only after industry is geared for it | JS, MNRE
Ministry of New and Renewable Energy admitted, reiterating that though wind, solar hybrid is the future for generating green energy, however, clarified that a distinct and clear cut policy for this combination would be in place in next few years after the government is assured of its 100% endorse…
New medical device rules to be notified at the earliest
New Delhi, 12 July 2016: The Prime Minister’s Office (PMO) convened a meeting on promoting Make in India in the Medical devices sector in India on Monday. Office bearers of the top industry associations in medical device industry including FICCI, Association of Indian Medical Device Manufacturers…
Govt to recognize MSME achievers more frequently | KK Jalan, Secretary MSME at Super SME Awards
The Union Government will felicitate the achievers in Micro, Small and Medium Enterprises sector more frequently, KK Jalan, Secretary in the MSME Ministry announced on July 9 evening. Speaking as Guest of Honour at Super SME Awards organized by SMEpost.Com and WASME, Jalan said he had been …
Textile sector MSMEs welcome Smriti Irani with high hopes
After announcement of special package by Government of India, Textile industry looks at appointment of high profile Smriti Irani as Textile Minister with high hopes. Industry sources are looking forward to Irani to driving growth and achieving the export target of $300 billion by 2024-25. Accordi…
Exporters too can give Made-in-India tag
A section of Indian exporters will be able to certify goods headed for Europe from 2017 to the effect that they were made in India, a measure that will help reduce processing time as well as costs. This facility will be available to traders exporting goods under the European Union’s special…
After textiles, Niti Aayog for reforms in other job-intensive sectors
In the wake of the Cabinet clearing a Rs 6,000-crore package for the textiles sector recently, NITI Aayog is pushing for similar reforms in other labour-intensive sectors such as footwear, electrical and electronics engineering, besides light manufacturing segments such as umbrella, cutlery and f…
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…
Quality, organic and indigenous products sales driving the business growth for Patanjali Ayurved Ltd: Ken Research
In the FMCG market, the Q4 results for FY’2015-2016 indicate that sales volume is not growing as rapidly as expected. The growth margins have diminished and have taken a toll on all major companies. HUL’s revenue growth has been consistently falling in the past seven quarters from 13.2% in quarte…
Gupshup to launch bots to customise workflow for SMEs
Bot builder platform Gupshup plans to introduce templatised bots in a bid to make them accessible to small and medium businesses. A bot is a software application that can run automated tasks on the Internet. They are being deployed by businesses to replace basic customer interactions. Over the ne…