Early four years after the equity exchanges launched trading platforms for small and medium enterprises (SMEs), the segment is showing signs of maturity, with institutional entities like banks and mutual funds investing in them. Some of the bigger brokerages, once focussed only on the larger comp…
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Leverage technology to enable good governance and employment generation: MSME Ministry
The MSME Ministry has emphasized on the need for using information technology for good governance and employment generation in the sector. Addressing a meeting of senior officers of The Ministry, Micro, Small & Medium Enterprises (MSMEs) Kalraj Mishra expressed satisfaction that Udyog Aadhaar…
Modest decline in exports due to low base effect: S C Ralhan, President, FIEO
Responding to the released Trade Data for the month of February, 2016 exhibiting a modest decline of -5.66%, S C Ralhan, President, FIEO said that this is largely on account of low export base in February, 2015 which itself was based on 15% decline on year-on-year basis. President, FIEO said tha…
UP first state to set up own export promotion council
Uttar Pradesh became the first state to set up its own Export Promotion Council. This was launched at the U.P MSME event held on March 14 at New Delhi. The event organized by Export Promotion Bureau was inaugurated by Nitin Agarwal, State Minister (Independent Charge) for MSME & Export Promot…
IL&FS to launch portal for SMEs of textile and apparel sector
IL&FS (Industrial Leasing and Financial Services) plans to launch an e-platform to bring multiple SMEs together and link them with financing agencies, financial advisors and technology and marketing consultants. Besides, the platform ‘Enterprise Development Services’ will also all…
410 overseas carpet buyers from 58 Countries attend India Carpet Expo 2016
The 31st edition of India Carpet Expo came to a close today. The Expo was organized by the Carpet Export Promotion Council, to promote the cultural heritage and showcase the weaving skills of Indian hand-knotted carpet artisans, amongst overseas hand-knotted carpet buyers. Held at NSIC Exhibition…
36 ‘white’ industries exempt from green clearance | Prakash Javadekar
It is time to rejoice for SMEs related to cotton and woolen hosiery, wind power, solar power, handloom weaving, toys, air coolers, etc as government has kept these industries in white category so that there is no need to take environmental clearance from government for such industries. A new cate…
KASSIA seeks simplification of subsidy claims process
Karnataka Small Scale Industries Association (KASSIA) wants a simplified process for submitting subsidy claims, and permits for online submission for claiming subsidy by small and medium enterprises (SMEs). The trade body, in its memorandum submitted to Giriraj Singh, Union Minister of State for …
India mulls joining International alliance of Pharma regulators
The government is contemplating joining a global alliance of pharmaceutical regulators, a move that could help local companies scale up to international standards. The development comes even as Indian drug producers are facing heightened scrutiny for quality related lapses. According to an offici…
Fedex inspires SMEs to grow globally
FedEx Express, a subsidiary of FedEx Corp, announced the launch of a new global advertising campaign to inspire and enable small and medium enterprises (SMEs) to grow their businesses globally and access international markets with FedEx expertise. Through the campaign, FedEx tells empowering sto…