Panchkula: The Haryana government is in talks with global e-commerce players such as Amazon and Alibaba to support micro small and medium enterprises in the state, a Minister said. The state government will soon unveil its MSME policy, the draft of which has already been prepared, state Industrie…
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Gujarat firm to guide Jharkhand on funding start-ups
Jharkhand Government, in order to promote start-ups and entrepreneurship, inked an MoU with Gujarat Venture Fund Limited on May 30. Chief Minister Raghubar Das and CEO of the company Sanjay Radhan were present on the occasion. The CM, on the occasion, wished well to the youths and said that the w…
Centre working for promoting MSMEs, ease of doing biz: Kalraj Mishra
Union Minister Kalraj Mishra said the central government has implemented a number of schemes for the promotion of MSMEs and to ensure ease of doing business. He said Narendra Modi is the first Prime Minister who has made three MSME ministers which reflected his seriousness to the development of …
To take Khadi abroad, govt writes to UN refugee agency
After aggressively pushing khadi at home, the Modi government wants to take the homespun cotton abroad. The Khadi and Village Industries Commission (KVIC), has written to the United Nations High Commissioner for Refugees (UNHCR) to use the traditional fabric in its field operations and camps. “Th…
Crisil SME Tracker: GST bodes short-term pain but long-term gain for MSMEs
Implementation of the Goods and Services Tax (GST), scheduled to take effect on July 1, 2017, is expected to pose challenges for micro, small and medium enterprises (MSMEs) in the short term. In the long run however, it will help them compete better. As things stand, though there is clarity on ta…
Govt to operationalise 4 mega food parks in 3 months
The government on May 30 said it is working on a rapid pace for the development of the food processing sector and about four mega food parks will be made operational in the next three months. The industry is taking interest in the food processing sector as the government has received 300 proposal…
PM in Germany: Narendra Modi keen on partnership of German Mittelstands with Indian SMEs
Prime Minister Narendra Modi on May 29 evening landed in Germany. Modi’s trip to Europe comprises visits to Germany, Spain, Russia and France, aimed at boosting economic ties with these nations. Modi’s visit to Germany includes talks with Chancellor Angela Merkel under the framework o…
First India-Commonwealth SME Trade Summit: Dignitaries urge to boost intra-Commonwealth trade
The two day Commonwealth SME Trade Summit was inaugurated by Commerce Secretary Rita Teotia in New Delhi on May 30. First of its kind, the summit is aimed at bringing 400 plus SMEs under one roof to boost trade and enhance investment partnerships among the Commonwealth members. “India grows its e…
Making money: Will GST make SMEs more profitable?
The arrival of Goods and Services Tax (GST), a single window taxation system, is supposed to help SMEs which are often burdened with taxes and its compliance. Whether the GST will be a boon to SMEs or not is still to be seen, but it is expected that all the states will pass this Constitution [&he…
Meat industry may soon come in the realm of GST: Kalraj Mishra
Meat exports and businesses can soon come under the realm of GST and in this regard, a discussion with the Finance Minister is in the offing, Union MSME Minister Kalraj Mishra said while interacting with entrepreneurs of Aligarh in an entrepreneur-talk held here on May 29. During the dialogue, en…