Concerned about a majority of state-owned firms not meeting the norm of 20 per cent Procurement from Micro and Small Enterprises, CII has called for a strong co-ordination mechanism between the Ministry of MSME and other stakeholders. The industry body is in the process of submitting a set of sug…
Tag: CII
STPI to get into angel funding for IT, electronics start-ups
Software Technology Parks of India (STPI) is planning to float a special purpose vehicle (SPV) to provide angel funding to IT and electronics start-ups in the country with the help of financial institutions. The STPI, the single-window facility for software exporters from the country, has been ch…
Telangana likely to announce skills policy in November
Telangana government is formulating its skills policy and may announce it in November, a senior official said. “We at Telagnana government are formulating our own skill policy. This skill policy, termed as ‘Telangana State Skill Mission’, will be launched very soon, may be in th…
GST to provide MSMEs level playing field
Ahmedabad: The Goods and Services Tax (GST) Bill will boost the competitiveness of MSMEs and create a level playing field for organized and unorganized sectors, said experts at a manufacturing conclave held by Confederation of Indian Industries (CII) on September 27. “One of the major benef…
Tourism meet sees pacts worth Rs.15k cr
Five states — Gujarat, Rajasthan, Karnataka, Uttarakhand and Chattisgarh – signed 86 MoUs worth close to Rs.15,000 crore during the recently concluded Incredible India Investors’ Summit. Gujarat leads the tally with signed pacts worth nearly Rs.9,000 crore, followed by Karnataka (Rs.2,600 c…
Ease of doing business: 12 states implement 75% of reforms
As many as a dozen states, including Uttarakhand, Rajasthan and Jharkhand, have implemented 75% of the reform initiatives under the ease of doing business programme, reflecting positive sentiments, Commerce Minister Nirmala Sitharaman said on September 22. These three states are followed by Telan…
E-marketplace would be game changer in public procurement: Commerce Secy
E-marketplace would be a game changer in public procurement and would give a boost to ‘Make in India’ by removing entry barriers for doing business with the government, Commerce Secretary Rita Teaotia said. The Government e-Marketplace (GeM) was developed by Directorate General of Sup…
RBI formulating framework to ease flow of credit to MSMEs
CII-CRISIL Report recommends action points to increase MSME ratings The Reserve Bank of India (RBI) is initiating a process for putting in place a framework for accreditation of credit counsellors who are expected to serve as facilitators and enablers for micro and small entrepreneurs. RBI Deput…
CII to hold bootcamps to support start-ups
Realising the need to encourage start-ups in a big way, Confederation of Indian Industry (CII), Southern Region has decided to hold bootcamps at select educational institutes and offer handholding to those launching startups. “We will encourage out-of-the box ideas, research and innovation on the…
AAP’s trade wing moots new industry body for small businessmen
A new industry body, the Chamber of Trade and Industries (CTI) — a brainchild of the AAP’s trade wing — is taking shape in Delhi. Office-bearers of AAP’s trade wing say the initiative is an attempt to provide a platform to small traders and owners of small-scale industrial units in th…