Mishra ordered to speed up the construction of all the Technology Centers, while reviewing the work of MSME Development Organization. He was assured that the work on at least 10 Technology Centres will start during the year. He desired that all Technology Centres should be completed in all respe…
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Coir Board is implementing scheme interventions for sustainable development | Giriraj Singh, MoS, MSME
In order to increase the coir production in the state of Maharashtra, the Coir Board has augmented its activities in the State. Recently the Board has established a Sub-Regional Office at Sindhudurg. A showroom and sales depot of the Board is functioning at Navi Mumbai, said MoS for MSME Girira…
Kalraj Mishra reviews work of Mahatma Gandhi Institute for Rural Industrialization (MGIRI)
Kalraj Mishra, Union Minister for MSME appreciated the work of MGIRI specially in bringing out innovative technologies such as, extracting amino acid from human hair, Solar Potter Wheel, Solar Blunger and 10 & 16 spindles Solar Charkha. He also appreciated the Principal Scientists who have a…
India and Bahamas trade to touch US$3 billion by 2020
Amid slowdown in the world economy, India and Bahamas trade is projected to touch at US$3 billion by 2020, said Dr. Mahesh Gupta, President, PHD Chamber. India has potential to export commodities including ships, boats, mineral fuels, articles, among others of iron and steel to Bahamas as these c…
IC² Institute, AP govt sign MoU for incubation programme
A model business incubation centre in Tirupati, Andhra Pradesh, has got a shot in the arm with the IC² Institute’s Global Commercialization Group (GCG) signing an MoU on April 28 with AP and the Federation of Indian Chambers of Commerce and Industry (FICCI) to start a multi-year programme. A GCG …
Lakshmi Vilas Bank Q4 profit up 22.5% on retail, SME growth
Private lender Lakshmi Vilas Bank on April 27 saw its Q4 profit grow 22.5% to Rs 49.07 crore year-over-year from strength in its retail and SME lending. The commercial lender’s Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. “We are…
Two companies to migrate to BSE’s mainboard from SME platform
Two firms — Comfort Commotrade and Looks Health Services — will migrate to BSE’s mainboard from the stock exchange’s Small and Medium Enterprise (SME) platform. This will take the total number of companies migrating to mainboard platform to 18. In separate circulars, the e…
Spread information of PMFBY to all farmers of the country | Kundariya
Minister of State for Agriculture Mohanbhai Kundariya on Tuesday emphasized the need to spread information of Pradhan Mantri Fasal BimaYojana (PMFBY) to all the farmers of the country for which he invites all the stakeholders such as PHD Chamber and private insurance players to organize kisan mel…
To boost start-ups, CSIR plans incubation centres in 30 labs
To promote Start ups and commercially exploit technologies developed in its laboratories, India’s premier science institution CSIR has decided to start incubation centres in over 30 different labs across the country. The decision on this was taken at a meeting of the Directors of Council fo…
Set up panels to identify credit-worthy MSMEs | Bank of Maharashtra
As stressed assets mount and banks increasingly face questions about lending to sick units, credit challenges facing the MSME sector could mount. As it is, the sector accounts for 45 per cent of Non-Performing Assets (NPAs). At an Assocham event on ‘Financial Clinics for MSMEs’ here recently, Kal…