Mumbai: At a time when several companies and sectors are feeling a threat of digital economy, small and medium scale enterprises are set to ride on the technology and see a spurt in their growth according to a report by CII and KPMG. “Digital technology has opened a plethora of avenues for …
Tag: Micro Small and Medium Enterprises (MSMEs)
MSMEs are the star of Gujarat Budget; Get Rs 1k cr spcl package
Ahmedabad: Making higher allocation towards sectors highly impacting common man such as education, youth, health, Micro, Small and Medium Enterprises (MSMEs) and infrastructure, Gujarat Budget offers a Rs 1000 crore special package for MSMEs in the state. The state would go for Assembly Elections…
Budget 2017: What this Budget meant for start-ups & MSMEs
Budget 2017 left much to be desired for the startups. The budget which focussed more on propelling the digital economy of the country gave some concessions to the startups while holding out on some of the major demands of the startup community. Here are the top announcements concerning startups a…
MSMEs want their own income disclosure scheme
Cash-starved Micro Small and Medium Enterprises (MSMEs) have sought a one- time “disclosure” scheme, which will allow them to declare their actual annual turnovers, with the promise that they will not be harassed for audit records of previous years. MSMEs sometimes under report their turnovers to…
Simplify factory inspections for ‘ease of doing business’: CII
The factory inspection system needs a complete overhaul to bring India among the top 50 countries in terms of ‘ease of doing business’ in the next two years, according to the Confederation of Indian Industries (CII). India is currently placed at 130 out of 189 countries in the ‘ease of doing busi…
60 Industries set up during present Govt in Haryana
About 60 large and medium industrial units have so far been set up in Haryana with an investment of Rs 2,437 crore during the tenure of present State Government. These units provide employment to 18,070 people. Also, about 8,077 Micro Small and Medium Enterprises (MSMEs) units have been set up wi…
Govt wants to know if you are interested in solar energy, joint venture or foreign fairs?
Government of India has become curious if an enterprise is using solar energy or wishes to use it, or it has a joint venture or plans to have one or it is interested in foreign fairs or wishes to import technology in the additional requirements category. The government has notified new rules for …
MSME database to be digitised soon
The relevant data regarding the country’s 51 million Micro, Small and Medium Enterprises (MSMEs) will be digitised soon, according to P Uday Kumar, Director, National Small Industries Corporation (NSIC). The Union Ministry of MSME has launched the new initiative to capture data regarding these in…