Information technology body Nasscom on April 21 said that its recent study ranked India as the number one location for Global In-house Centres (GICs). Nasscom on April 21 started the sixth edition of its two-day GIC conclave. “This year, the conclave’s theme focuses on ‘Transfor…
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AskmeFin to credit rate Small & Medium units, use algorithms
AskmeFin plans to venture into credit rating of small and medium enterprises to enable them get funds at competitive rates. To start with, the company will use algorithms to provide credit scores for the 1.5 lakh SMEs registered with it and also helping them tie-up short-term funds. A part of the…
Textiles Minister launches eco-friendly jute bag initiative in Delhi
It is well-known that the indiscriminate use of polythene bags is one contributor to the pollution problem in the national capital. The National Green Tribunal (NGT) has on multiple occasions, tried to ban use of plastic carry bags in Delhi. However, we find these plastic carry bags continue to b…
Government committed to develop and promote handloom sector | Textiles Minister, Santosh Kumar Gangwar
The first meeting of the recently constituted All India Handloom Board was held in New Delhi, on 19th April, 2016. The Chairman and Union Textiles Minister, Santosh Kumar Gangwar gave an overview of the various initiatives being taken by the Government for the development of the sector. The Texti…
27 SME IPO Papers in 2016
To tap the upbeat market sentiment, as many as 27 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling over Rs 220 crore through initial public offerings. The shares will be listed on the SME platforms of BSE and the National Stock Exchange (NSE). Since t…
Uttar Pradesh MSME sector received investment of Rs 13,000 crore
The Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh received a total investment of about Rs 13,000 crore during the Eleventh Five Year Plan (2007-12). The MSME sector contributes 60 per cent of the state’s annual industrial output, employs 9.2 million people and generates…
PHD Chamber of Commerce and Industry & Public Health Foundation of India forge strategic partnership for Skill Building in Healthcare
With an aim to augment the Government of India’s ‘Skill India’ flagship project and to create a robust and vibrant eco-system for quality skill development in the healthcare sector, PHD Chamber of Commerce and Industry (PHDCCI) and Public Health Foundation of India (PHFI) signed a 5 year memorand…
India can make world’s best warships | Navy Chief RK Dhowan
Indian Navy Chief Admiral RK Dhowan on April 18 called for increased private investment in defence manufacturing which, he said, is capable of producing the world’s best warships and submarines. “The navy has outlined its science and technology roadmap for next 15 years and has shared…
Government must lend more support to arrest declining exports | S C Ralhan, President, FIEO
Showing serious and legitimate concern over the trade date for the month of the March, 2016 which has shown a modest decline of -5.47 percent in exports and a large decline in imports of -21.56 percent, S C Ralhan, President, Federation of Indian Export Organisations (FIEO) said that continuous s…
Mission approach to improve skills of youngsters | Giriraj Singh
Union Minister of State for Micro, Small and Medium Enterprises Giriraj Singh has underscored the need for greater participation by entrepreneurs in small and medium industries. The Centre is in the process of setting incubation centres for these enterprises in all the districts in a phased manne…