Noted designer Ritu Beri has been appointed advisor to the Khadi and Village Industries Commission (KVIC) for promotion of khadi in India and across the world. KVIC has appointed the ace fashion designer for a period of one year during which she will advise on ways to promote khadi. Announcing th…
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CII arm helps SMEs secure loans of Rs. 650 crore
The SME Finance Facilitation Centre of CII has facilitated the members of Small and Medium Enterprises to receive loan from various banks to the tune of Rs. 650 crore, according to Amit Kumar Tripathi, Deputy Director, and Confederation of Indian Industry. Speaking at a session on “empowering SME…
Emphasis on MSMEs, ‘Make in India’ focal point | New defence policy
India’s new policy on defence procurement is heavy on industry involvement – from roping in private sector companies from the feasibility stage itself to hiring professionals to draft tenders and starting off with a preamble that describes ‘Make in India’ as the focal poin…
German SMEs to invest Rs 3,000 crore to set up projects in India
German Small and Medium Enterprises (SMEs) have pledged to invest over Rs 3,000 crore for the ‘Make in India’ initiative for setting up of new manufacturing plants and projects. The German SME’s (Mittelstand) have committed an investment of over Rs 3,000 crores for ‘Make I…
Nasik MSMEs seek five per cent cut in power tariff
Nashik-based Micro, Small and Medium Enterprises (MSMEs) want the state government to make it mandatory for its agencies to procure 20% of the goods or spare parts from them. They have also asked the government to reduce power tariff for industries by 5%. The industries have raised expectations a…
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
Minimum import price hurting exports and MSME units | S C Ralhan, President, FIEO
S C Ralhan, President, FIEO said that exporters are already working on low margins and facing cut-throat competition besides huge volatility in currency. The imposition of minimum import price resulting in increase in steel prices by 15% has further blunted the competitive edge of Indian engineer…
Vodafone Business Services bets big on SME segment
Vodafone Business Services (VBS), Vodafone India’s enterprise arm, unveiled its growth strategy to double its target of the Small and Medium Business segment (SME) in the country, specifically Karnataka. In line with government’s vision of Digital India and Make in India, VBS aims to …
CII to launch exclusive website to enable SME Finance
Confederation of Indian Industry will be launching an exclusive website for non-members within a month for fostering entrepreneurship, through its SME Finance Facilitation Centre. Having forwarded loans to the tune of Rs. 650 crore to 120 SME units in manufacturing, IT, ITES and other areas since…
Coal Ministry to auction 16 mines for MSME use
The Ministry of coal has earmarked 16 mines for allocation to states for sale to Micro, Small and Medium Enterprises (MSMEs). This is also a step towards the government’s effort to open the coal sector beyond the monopoly of Coal India Ltd. The 16 mines will be allocated through auction. Th…