Considering the potential of Micro, Small and Medium Enterprises (MSME) in the northeast region, the government is gearing up to generate employments in the sector. Inaugurating a conclave on the implementation of MSME scheme in Nagaland recently, Union Minister for MSME Kalraj Mishra announced a…
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Triveni, Indian ethnic wear from Surat is all set to enter the north India market
Surat’s leading Indian ethnic wear brand Triveni is all set to enter the North Indian market with their forthcoming participation at the International Ethnic Week 2016 at India Exposition Mart, Greater Noida, Delhi NCR on 5th and 6th March 2016. Triveni (in association with Sakambari) is one of t…
Govt keen to fulfill PSUs’ purchase target from MSMEs
The Union ministry of Micro, Small and Medium Enterprises (MSME) is working for Public Sector Enterprises to achieve the target of 20% procurement of their annual purchase from Micro and Small Enterprises (MSE). Inaugurating the three-day Vibrant SME 2016 Industrial Expo and Growth Forum in Chinc…
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
New technology centers to be set up in 15 states
At least 15 new technology centers will be set up across the country under the Technology Centre Systems Programme, Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh, said in the Rajya Sabha on March 3. The programme is being implemented by the Ministry of Micro, Small and Med…
MSMEs need to tap procurement policy
The number of micro, small and medium enterprises in Rajasthan enrolled with the National Small Industries Corporation to participate in tenders floated by various government departments and PSUs is small even though the public procurement policy offers them opportunities to get bulk orders, a to…
World Bank to help upgrade 400 ITIs
In a boost to Skill India Mission, the government has joined hands with the World Bank for upgrading 400 Industrial Training Institutes (ITIs) across the country. The World Bank will make financial infusion of $280 million in the form of assistance for the upgradation of the ITIs spread over 34 s…
Small food clusters on the anvil
After the Finance Minister Arun Jaitely in his Budget speech proposed 100 per cent foreign direct investment (FDI) in food processing sector, the Central government has begun working on to establish small food clusters. Union Minister for Food Processing Harsimrat Kaur has said that the governmen…
Slew of initiatives for rain-hit MSME units | Jayalalithaa
Tamil Nadu Government on March 1 announced a series of initiatives benefiting the micro, small and medium enterprises (MSMEs) that were badly affected by torrential rainfall in December last year. Noting that her government had already announced welfare measures for MSME units affected by floods …
Govt contribution to Employee Pension Scheme to help MSMEs
Union Budget for 2016-17 has evoked mixed responses from MSME (Micro, Small and Medium Enterprises) sector in Dakshina Kannada district. B A Nazeer, President of Canara Plastic Manufacturers’ and Traders’ Association (CPMTA), told that the initiative to pay the Employee Pension Scheme contributio…