Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking while Gujarat has slipped to the third position in the list prepared by the World Bank and DIPP. Chhattisgarh, Madhya Pradesh and Haryana occupied the fourth, fifth and sixth slots, respectively in the index based…
Tag: Gujarat
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…
Andhra Pradesh tops in attracting industrial investments
Andhra Pradesh has emerged on the top among all other states in attracting industrial investments in 2015-16, pushing the previous year’s topper Maharashtra to the third spot. Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across Ind…
Start-ups seek easier access to tax benefits
At a meeting with Commerce Minister Nirmala Sitharaman on July 28, a number of start-up enterprises asked for easier access to tax benefits and more incubation facilities, among others. The Minister later told journalists that issues such as government funding and online selling of prescription d…
Govt asks top 50 companies to fund incubators as CSR spend
The government has asked the country’s top 50 companies to fund incubators as part of their corporate social responsibility (CSR) spend, a move meant to strengthen the startup ecosystem. Large companies have to allocate 2% of their profits towards CSR but have competing demands -from buildi…
Whopping 193 per cent MSMEs growth in Gujarat
Gujarat clocks whopping 193 percent growth in MSMEs pushing it up to second slot. The state’s share of MSMEs in the country goes up to 16% with over 3.62 lakh entrepreneurs in 2013-14. Tamil Nadu however continues to top the list with 32% share according to a recently published study by apex indu…
SMEs play a major role in Gujarat’s export sector | DIPP Secy
Gujarat contributes 22% export, 8% national GDP, 10% work force nationally. Gujarat is driver of India’s manufacturing and exports and therefore Gujarat must be key driver and it is very essential. A substantial portion of exports from Gujarat are from SMEs. “If India has to grow at 9.4% growth r…
Crisil grants grade to K.P. Energy
CRISIL Research has assigned CRISIL SME fundamental grade ‘3/5’ (pronounced ‘SME three on five’) to K.P. Energy Ltd (KPEL). The grade indicates that the fundamentals of the company are ‘good’ relative to other SMEs in India. However, it is not an opinion on whether the issue price is appropriate …
Over 5 lakh sick units in MSME sector as of March 2015 | Giriraj Singh
As per provisional data compiled by the Reserve Bank of India (RBI) the number of sick micro, small and medium enterprises (MSMEs) in March, 2015 was 5, 37, 286. This was informed by the Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh in a written reply to a question in Lok …