For the 13 textile units in Tirupur knitwear industry, which became the part of the Confederation of Indian Industry’s first cluster constituted a year back to improve manufacturing excellence on a consortium platform, the initiative has paid rich dividends. An assessment carried out revealed tha…
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Plea to expedite release of incentives to MSMEs
B.V. Rama Rao, Chairman, Micro, Small and Medium Enterprises Development Corporation of India (MSMEDCI) said that the State governments have not been releasing promised incentives within the stipulated time to the MSMEs. Rao said that though the State governments offer various kinds of incentives…
Birla Sun Life solution for SMEs
The Birla Sun Life insurance company has created a solution for doctors as well to help them have protection and offered protection counselling to look at their needs. Similarly, a wealth-creation solution was designed for SME employees. In the innovation lab, Birla Sun Life also takes help from …
Bengal to empower 5 lakh craft artisans in 5 years
West Bengal has chalked up an ambitious plan which will benefit five lakh artisans over the next five years after the successful rollout of 10 Rural Craft Hubs (RCH). The RCH project was initiated in 2013 in collaboration with UNESCO. We have been successfully completing the project signed betwee…
Leading stock exchanges differ on SME trading lots
The country’s two leading stock exchanges — the Bombay Stock Exchange and the National Stock Exchange — are unable to form a consensus on the issue of minimum trading lot size for the platform they have created for Small and Medium Enterprises (SMEs). Currently, the minimum lot size for the SME s…
Nepal to establish SEZs to facilitate trade and investment
Buoyed by success of some of India’s Special Economic Zones, Nepal has drawn up ambitious plans for SEZs and Industrial estates along Indo-Nepal border offering Indian industries opportunity to set up units there. “Investing within SEZ has multiple benefits that include flexible and investment fr…
MSME Ministry for revival of sick units
The Government will work out modalities to revive sick industry soon, Union MSME Minister Kalraj Mishra has said. At a regional conclave of MSMEs from states of Punjab, Haryana, Chandigarh, Delhi, Uttrakhand, Jammu and Kashmir and Himachal Pradesh, Mishra said “the idea behind such conclave…
Haryana gets centre’s nod to set up 10 MSME clusters
Haryana Chief Minister Manohar Lal Khattar on February 19 announced that the Centre has given its nod for setting up 10 clusters to boost the Micro, Small and Medium Enterprises (MSME) sector in the state. Khattar said it while speaking at a Regional Conclave on MSMEs, Northern Region organised b…
Women entrepreneurs should start up new enterprises | Nirmala Sitharaman
Only eight per cent of the start-ups in the country are run by women and hence, women entrepreneurs should come up with more enterprises, Union Minister of State for Commerce and Industry Nirmala Sitharaman said. She was speaking at a session on Start-Up India organised by Young Indians (Yi), Con…
KVIC readies five prototype models of Solar-Powered Charkha
After a prolonged research, the Khadi and Village Industries Commission (KVIC) has now readied five prototype models of ‘solar-powered charkha (spinning wheel used for producing yarn) for its introduction in the country. The gadgets are developed with the objectives of reducing human drudgery, wh…