World Association for Small and Medium Enterprises (WASME) is going to pilot a StartUp India Cell on February 22. Keeping in line with Prime Minister Narendra Modi’s StartUp India campaign, the cell will do skill mapping to facilitate training in accordance with the requirement of a particular re…
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TN interim budget has very little for MSMEs
Tamil Nadu Government has announced the interim budget, but the Micro, Small and Medium Enterprises (MSMEs) seems disappointed with this. the President of Tamil Nadu Small and Tiny Industries Association (TANSTIA) MUTHUSAMI C. said that there is nothing for the MSMEs in this interim budget as we …
Andhra to set up MSME township
The Micro, Small and Medium Enterprises (MSME) sector will get a major push as the Andhra Pradesh government has proposed to set up an exclusive model industrial township in a 200-acre site outside Vijayawada. Taking cue from its neighbouring telangana state, which had decided to set up Industria…
Exclusive | Outdated MSME schemes to be pruned in the budget: Govt
The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…
Austria fast tracks issuance of business visas to Indian travellers
Sebastian Kurz, Austrian Federal Minister for Europe, Integration and Foreign Affairs February 16 announced easing VISA issuance procedure for Indian business travellers during “India-Austria Economic Forum” jointly organised by FICCI and Austrian Federal Economic Chamber (WKÖ) in New Delhi…
Kerala records growth in IEM proposals | ASSOCHAM
Kerala has emerged as the only State to record a positive growth in terms of receiving Industrial Entrepreneurs’ Memorandum (IEM) proposals during 2012-14, according to an Assocham study. The growth was about 315 per cent during the period compared to 2009-11, while the figure had seen a decline …
Open source platform to promote innovation in MSMEs
Coimbatore District Small Industries Association has launched a virtual platform to promote innovation in micro, small and medium-scale enterprises (MSMEs). Association President E.K. Ponnuswamy said, that Indian Open Technology Alliance (www.iotaplatform.org) has mentors, knowledge partners, and…
Hyderabad to host National Vendor Development Program from Feb 19
With an objective to facilitate a business tie-up between government and Public Sector Undertakings (PSUs) and large private sector industries with Micro, Small & Medium Enterprises (MSMEs), a two-day National Vendor Development Program-cum-Industrial Exhibition will get underway on February …
PSUs have doubled their raw material buys from MSMEs | Kalraj Mishra
Union Minister Kalraj Mishra on February 16 said that sourcing of raw materials from Micro, Small and Medium Enterprises (MSME) by PSUs in the country has doubled following the government’s mandate to procure a minimum of 20 per cent raw material from the sector. “The procurement of raw materials…
MSMEs important source of job creation | Raghuram Rajan
Kerala is well placed for a revolution in MSME sector, he said, adding that the state should leverage its high level of education and capabilities. Medium and Small Enterprises (MSME) are critical to economic development and a ‘level playing field’ should be ensured for them, RBI Gove…