Nearly 50,000 employees in nearly 10,000 micro enterprises located in and around Chennai have been left unemployed due to the recent torrential rains and flood that left their units damaged badly, said Kalraj Mishra, Union Minister for MSME. The number of affected employees could be more if the 3…
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For Internet majors Small is BIG | FB, Google, Alibaba eye SMEs for growth
As they look at ways to monetize their platforms, internet companies in India seem to be aggressively targeting the Small and Medium Enterprise (SME) space with dedicated offerings. In the recent past, companies such Facebook, Google and Alibaba have come up with platforms catering to the differe…
Steps to boost MSMEs, exports amid global cues | Nirmala Sitharaman
The government is taking necessary measures to support small and medium industries keeping in view a sluggish global situation that has led to fall in country’s exports, Commerce and Industry Minister Nirmala Sitharaman said. “It cannot be denied that the global situation has been dep…
Boost for Varanasi textile cluster | Gangwar lays foundation stone for ITOC
The Government has decided to set up an Integrated Textile Office Complex (ITOC) at the Indian Institute of Handloom Technology (IIHT) in Varanasi. The proposed office complex will house all offices in Varanasi under the textiles ministry, which work for the welfare of weavers. The Textiles Minis…
Govt. gives ERP edge to Handloom Corporation under Digital India
In line with the Digital India initiative, National Handloom Development Corporation Ltd. (NHDC) has decided to implement Enterprise Resource Planning (ERP) system for its commercial activities for the benefit of Handloom weavers. The ERP system will improve productivity, increase efficiency, dec…
UP Govt. proposes ‘District Industries and Enterprise Facilitation Center’ to boost MSME sector
By Lucknow Correspondent Uttar Pradesh has the largest share of medium and small scale enterprise in India at 44 lakh units. Keeping this in mind, the Akhilesh Yadav government has decided to go overdrive to boost MSMEs in the state through new initiatives. Making its first move, the department o…
Weekly Roundup | BSE SME takes cue from parent on US Fed hike
The BSE SME index ended the week at 803.55 points up 27.14 points for the week ended 18 December, from the previous weekend. The strong surge was partly in line with expectations after the markets were relieved of a small hike in the U S Federal interest rates. The hike in U S interest rates [&h…
Technology, Entrepreneurship & Skill to drive growth | Top Eco ‘Babus’
Top government officials have said that government is pursuing reforms with gusto giving thrust to entrepreneurship, skill building and greater technology diffusion which are key to high industrial growth particularly MSMEs that had had huge job potential. India needed to achieve high growth path…
Exclusive | Electronic cluster to be set up in Noida to benefit MSMEs
An electronics manufacturing cluster on a 210-acre plot is coming up in Noida after the Development Systems Corporation Ltd. and Taiwan Electrical and Electronics Manufacturers Association signed a Moue. In the first phase, Taiwanese units will invest Rs 500 crore and this will generate employmen…
National Manufacturing Competitiveness Programme | Enhancing the value chain of MSME
Government has come out with a National Manufacturing Competitiveness Programme to enhance the entire value chain sector and develop global competitiveness among Indian micro, small and medium enterprises. Indicating this, the Minister of State for MSME, Giriraj Singh listed out various schemes u…