Chief Minister Raghubar Das on March 13 said that his government is committed towards growth and development of the state. He mentioned that the government has focused on four major areas such as IT, agriculture, industry and tourism. He also pointed out that ‘Ease of Doing Business’ has been ini…
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FICCI organises Industry interaction with Indian Army in association with NSIC
FICCI has organised Industry interaction with Lt. Gen. SubrataSaha, UYSM, YSM, VSM Deputy Chief of the Army Staff (P&S) in association with NSIC on 04.03.16 at Bangalore. NSIC Bangalore Office played vital role in inviting high end MSMEs for fruitful interaction and giving out of box ideas an…
Odisha: 12th Entrepreneurs’ Week 2016 concluded
The 12th edition of the Entrepreneurs’ Week held in the different parts of the state concluded at a city hotel. Like previous years’, the Entrepreneurs’ Week 2015 was celebrated across state from 5th – 11th March 2016 as part of the birth centenary of legendary leader Biju Patnaik who dreamt of a…
Jewellery export council seeks withdrawal of excise duty
With jewellers across the country on strike sinch March 2 on imposition of excise tax on jewellery, the Gems and Jewellery Export Promotion Council (GJEPC) on March 11 urged the central government to withdraw the measure. The apex body of the gems and jewellery industry which presently represents…
Traditional textile artists want to market themselves as brands
Traditional hand weavers and textile printers, engaged in churning out a wealth of fabrics ranging from khadi to chanderi to kalamkari among others that take the shape of saris, dupattas and other garments, are now mulling marketing themselves as standalone brands. At Kairi 2016, 3-day exhibition…
Central Govt to review ceiling limit for MSMEs
The proposal to revise ceiling limits for Micro, Small and Medium Enterprises (MSMEs) is already before the Standing Committee of the Lok Sabha, said Giriraj Singh, Minister of State for Micro, Small and Medium Enterprises. He was speaking at an interaction meet held on March 11. Singh was respon…
Industry sought more from Budget 2016 for MSMEs
Finance Minister Arun Jaitley presented his third and full time second Union Budget. With a demand of supporting “Make in India” campaign and small and medium businesses, he announced a slew of schemes and tax exemptions. The Union budget has focused on farmers, rural infrastructure, agriculture,…
Govt eyes Australia, Africa to boost textile exports
The Union Textiles Ministry is looking at Australia, the Commonwealth of Independent States and Africa to boost exports through bilateral agreements as free trade agreements (FTAs) with the European Union and the US are delayed. The Ministry is chasing a target of doubling textile exports in 10 y…
Rs 500 crore NSDC soft loans to 157 training partners: Govt
The National Skill Development Corporation (NSDC) has disbursed soft loans worth nearly Rs 500 crore to as many as 157 training partners during the last three years, Parliament was informed today. While Rs 236.76 crore was given in 2013-14, Rs 135.78 crore and Rs 122.57 crore was given in 2014-15…
RBI had constituted a working group on rehabilitation of sick SMEs
The Reserve Bank of India had constituted a Working Group on rehabilitation of sick SMEs, under the Chairmanship of Dr. K. C. Chakrabarty, the then Chairman & Managing Director, Punjab National Bank, to look into the problems faced by new as well as sick SMEs and suggest remedial measures. Th…