After start-ups, the Labour and Employment Ministry has moved to relax labour-related compliance measures for Micro, Small and Medium Enterprises (MSMEs), a sector that can play a significant role in boosting manufacturing and making Prime Minister Narendra Modi’s Make in India mission a success.…
Tag: Make In India
Cabinet nod to capital goods policy to cut reliance on imported parts
The Cabinet has approved a first ever national capital goods policy that seeks to reduce reliance on imported equipment by incentivising domestic production and in the process creating crores of jobs The policy seeks to increase production of capital goods from Rs 2.3 lakh crore to 7.5 lakh cror…
Single tax across India will promote local manufacture | MAIT
The Manufacturers’ Association for Information Technology (MAIT) has suggested that the government should have proper taxation system within the country to promote local manufacture. MAIT, India’s premier ICT hardware industry association, unveiled their report “Policy Interventions f…
e-Commerce, tech start-ups seen creating 23% more jobs by Sept | Report
The e-commerce and tech start-ups domain will see 23.6 per cent growth in jobs between April and September this year, according to the Teamlease Employment Outlook Report. This is followed by the retail sector, which is set to generate 14.4 per cent more jobs over six months. The e-commerce secto…
MSMEs have vital role in success of Make in India | RBI Bengaluru GM
The strengthening of MSMEs (Micro, Small and Medium Enterprises) is vital to ‘Make in India’ programme a success, said N Gopal, General Manager, RBI, Bengaluru. Inaugurating an MSME meet, organised by RBI in Mangaluru on May 14, he said there is a need to handhold MSMEs as they have the potential…
We are focused on bringing together technology and manufacturing to drive transparency, efficiency and scale | Rahul Garg, Founder & CEO, Moglix
Of late, one is clearly witnessing B2B e-commerce pick up the growth momentum with rapid adoption of the digital paradigm by manufacturers and wholesalers. Buyers and sellers from across the world are increasingly transacting goods and services with ease over digital platforms, anytime, anywhere.…
Cost of Microcredit will decline soon | PSN Murthy, AGM, MUDRA
Mumbai, May 9: “The Past models of microfinance companies were all brick and mortar based on branches and self-help groups. The future could be disruptive with past success being no guarantee of future survival. Interest rate (for microcredit) is expected to fall to 15% in the next five years fro…
Maharashtra Govt partners with Autodesk to offer free design tools to MSMEs
3D design company Autodesk on May 5 signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to provide advanced design technology to – local MSMEs from the manufacturing sector in the state. As per the agreement the company will offer Fusion 360, Autodesk’s cloud-based…
India leveraging Hannover Messe for transforming manufacturing; Make in India big hit
Having emerged as the fastest growing economy in the world, India is transforming its manufacturing industry with a clear objective to become an essential part of the global supply chain and is leveraging the renowned Hannover Messe for yet another time for promoting the ‘Make in India’ programme…
MSMEs seek access to patented tech through licensing of SEP on FRAND terms
The Federation of Indian Micro and Small & Medium Enterprises (FISME), has told the Department of Industrial Promotion and Production (DIPP) that to realize Make in India, the setting-up of uniform standards, sustainability and access to patented technology are vital for technological advanc…