A young country with 70% of its population below the age of 30 years, brewing with the spirit of entrepreneurship and a desire to tread the line of ‘Start up India, Stand Up India’ – that’s the new ‘Incredible India’. Juxtapose this with some of the comparative advantages that we enjoy like abund…
Tag: Manufacturing
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…
Chennai floods wash out Rs 1,700 crore MSME business | SMERA Report
Of the estimated Rs 15,000 crore losses due to the recent devastating floods in Chennai, coastal Tamil Nadu and the neighboring Puducherry, MSMEs bore the maximum brunt of about Rs 1,700 crore, says a report. On a most conservative side, MSME sector has lost nearly Rs 1,700 crore to the calamity …
October 2015 IIP numbers indicates pick up in SMEs
India’s factory output grew sharply at 9.8 percent in October, mainly due to a robust 10.6-percent growth in the manufacturing industry; nearly half of it came from MSME sector. The latest monthly government data showed the growth decelerated to 3.84 percent in the month before and was plac…