Residents of the town Khadda in Uttar Pradesh, along with the Nagar Panchayat, is gearing up to hold a Business summit to showcase various investment and tourism opportunities present in the town. The summit, which is likely to be held during the month of May, will aim to attract both domestic an…
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DHFL sees five-fold jump in SME loans by 2018
Mortgage lender Dewan Housing Finance (DHFL) expects a five-fold jump in small and medium enterprises (SME) loans by 2018 as part of its business diversification plan. “With the focussed approach, we expect our SME loan portfolio to increase to Rs 5,000 crore by 2018“, DHFL Chief Exec…
Singapore companies see rich rewards in investing in India
Many large Singapore companies already have a presence in India – utilities group Sembcorp Industries, for instance, has a presence in seven Indian states and is on the lookout for opportunities, especially in the energy and urban development sectors. Small and medium-sized enterprises (SME…
Park for Chinese SMEs likely in Medak
Hunan province has evinced interest in setting up a park for Small and Medium Enterprises, on 2,500-3,000 acres, in Telangana. The park will locate SMEs across various sectors and providing the backdrop for the proposal is Telangana’s efforts to woo investments from China, which included Chief Mi…
50 per cent subsidy to SMEs on MIDC land
To help SMEs set up plants in the state, the Maharashtra government is providing land at half of the market price in various industrial clusters, a senior official said. “The SMEs are free to apply for two-acre land anywhere falling under MIDC areas across the state for setting up a plant. …
National College of Ireland to mentor Indian SMEs on cloud and data analytics
National College of Ireland (NCI), a leading European education institution with strong links to SURGE and the WebSummit series (SURGE is Web Summit’s first conference in India. In 5 years, Web Summit, held annually in Europe, has grown from 400 attendees to over 42,000 from more than 134 countri…
Ramesh Abhishek to be new DIPP Secretary
Ramesh Abhishek, a 1982 batch IAS officer from Bihar cadre, will be the new Secretary in Department of Industrial Policy and Promotion (DIPP), an official announcement said. Abhishek comes in place of Amitabh Kant, a 1980 batch Kerela cadre IAS officer, who will head to Niti Aayog as its Chief Ex…
ASSOCHAM wish-list to step-up Credit Flow to MSMEs
India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…
Duty drawback for Synthetic Textiles
In a boost for textile export, the government has included blended cotton yarn (both grey and dyed) for the benefit of duty drawback. In a notification early this week, the Directorate General of Foreign Trade under the Ministry of Commerce and Industry said yarn (other than sewing thread) with l…
Kalraj Mishra lays foundation stone for Tech Centre in Rajasthan
MSME Minister Kalraj Mishra laid the foundation stone for a in Rajasthan along with the state Chief Minister, Vasundhara Raje. The MSME Technology Centre to come up at the Pathredi Industrial Area near Bhiwadi is to be the first of the 15 such new Technology Centres proposed in the country. The…