While the eight edition of the Vibrant Gujarat Global Summit is likely to witness the signing of over 16,000 memorandums of understanding (MoUs) by the Micro, Small and Medium Enterprises (MSME), it is ironical, that Gujarat has the highest number of sick MSMEs after Uttar Pradesh and Maharashtra…
Tag: GIDC
Gujarat’s MSME sector on track to realize its full potential: Gujarat CM
In a bid to ensure that the Micro, Small and Medium Enterprises sector in the state continues to grow at a rapid pace, as witnessed following the enactment of the MSME Development Act in 2006, Gujarat has further initiated a host of proactive measures with the state government assuring full suppo…
Gujarat to bring policies for defence, aerospace industries for the growth of MSMEs
Vadodara: Chief Minister Vijay Rupani said on December 1st that the state government will be coming out with policies for defence and aeropace industries, which would help the micro, small and medium enterprises (MSME) grow. “We have made 18 policies on several industries and now will make …
Demonetisation Effect | MSMEs hit hard, output plunges to 50% of capacity
With production having slowed down to about 50% for most micro, small and medium enterprises (MSMEs) since the demonetisation of Rs 500 and Rs 1,000 notes by the Centre, a spectre of unrest is beginning to haunt labour-intensive sectors such as the textile and chemicals units in Gujarat. There ar…
Gujarat Budget gives Rs 5,000 Cr subsidies
Gujarat government which has allocated Rs 5000 crore worth of subsidies in this year’s state budget has apportioned Rs 596 crore to revive the ailing MSME units in the state For the ailing MSME sector, a provision of Rs 596 crore has been made, the budget presented to Gujarat finance Minister, Sa…