Leading trade and industrial organisations have hailed the Centre’s announcement to extend tax benefits to investors for a period of five years in seven districts of Andhra Pradesh. They say that capital subsidy will help develop the backward areas of North Andhra as well as Rayalaseema. Leaders …
Tag: Confederation of Indian Industry (CII)
Tata Capital, CII partner to provide easy credit to SMEs
Tata Capital said it has signed a pact with industry body CII to provide easy credit to small and medium businesses. “Tata Capital, the financial services arm of the Tata Group, signed a MoU with Confederation of Indian Industry (CII) to partner with them in the SME Finance Facilitation Cen…
Only 7% of MSMEs manage to get loan | CRISIL Study
Scores of Government schemes and awareness campaigns have failed to get small scale industries get finances to kickstart and boost their business, thereby hampering growth of Indian economy. A staggering 93 per cent MSMEs did not get loan from government or non-government body, says a research d…
CII to focus on Bengal SMEs to spur investment
Industry body CII said it will focus on West Bengal’s Small and Medium Enterprises, which hold the potential to change the state’s investment scenario. “CII will promote ‘Make in India’ with international and domestic roadshows. We will also focus on Bengal. SMEs hol…
CII to launch knowledge and finance forum for helping MSMEs in Mysuru
The Confederation of Indian Industry (CII), Mysuru is launching a knowledge and finance forum on Friday to facilitate the growth of the micro, small and medium enterprises (MSMEs) in the district. In a press release issued, CII Chairman N Muthukumar said the main objective of launching the SME kn…
Nasik MSMEs seek five per cent cut in power tariff
Nashik-based Micro, Small and Medium Enterprises (MSMEs) want the state government to make it mandatory for its agencies to procure 20% of the goods or spare parts from them. They have also asked the government to reduce power tariff for industries by 5%. The industries have raised expectations a…
Vast investment opportunities in Haryana | CM Manohar Lal
Haryana Chief Minister Manohar Lal wooed investors during the ‘Haryana Investment Session’ a roadshow being held as part of the Make in India Week in Mumbai. The mega event is being organized by Confederation of Indian Industry (CII) in partnership with the Department of Industrial Policy and Pro…
SMEs produce 80% of defence components
Indian Small and Medium enterprises numbering about 6000 supply 80 per cent of components, aggregates and assemblies of complex defence weapons system and aircraft, an official statement said. These 6000 enterprises spread all over the country supply components including hi-tech and sub-assemblie…