To support ‘Make In India’ campaign, the Gujarat Chamber of Commerce & Industry (GCCI) will take help of PSUs to revive the closed small and medium enterprises (SMEs) in the state. “Under ‘Make In India’, government insists to develop ancillaries of defence and o…
Tag: PSUs
Oil sector PSUs to float ‘start-up fund’ in FY17 | Dharmendra Pradhan
Petroleum Minister Dharmendra Pradhan on March 21 said public-sector oil companies led by Indian Oil Corporation (IOC) would set up a ‘start-up fund’ in FY17 to support technology innovation in the hydrocarbon sector. “The PSUs in consultations with the petroleum ministry are planning the creatio…
Govt relaxes norms under public procurement for startup MSMEs
Government relaxed procurement norms related to experience and turnover for micro, small and medium startups with a view to enabling these ventures to be part of its public procurement. From April 2015, all PSUs, central government ministries and departments have been directed to procure at least…
Govt keen to fulfill PSUs’ purchase target from MSMEs
The Union ministry of Micro, Small and Medium Enterprises (MSME) is working for Public Sector Enterprises to achieve the target of 20% procurement of their annual purchase from Micro and Small Enterprises (MSE). Inaugurating the three-day Vibrant SME 2016 Industrial Expo and Growth Forum in Chinc…
Hyderabad to host National Vendor Development Program from Feb 19
With an objective to facilitate a business tie-up between government and Public Sector Undertakings (PSUs) and large private sector industries with Micro, Small & Medium Enterprises (MSMEs), a two-day National Vendor Development Program-cum-Industrial Exhibition will get underway on February …
PSUs have doubled their raw material buys from MSMEs | Kalraj Mishra
Union Minister Kalraj Mishra on February 16 said that sourcing of raw materials from Micro, Small and Medium Enterprises (MSME) by PSUs in the country has doubled following the government’s mandate to procure a minimum of 20 per cent raw material from the sector. “The procurement of raw materials…
ASSOCHAM wish-list to step-up Credit Flow to MSMEs
India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…
Indian SMEs are second to none; have to be recognized as brands | Anup Pujari | Secretary, MSME Ministry
‘State governments also need to enforce 20% procurement quota for SME sector’ The Indian small and medium enterprises are second to none but they have to sustain standards and be recognized as brands to reckon with, says MSME Secretary Anup Pujari in an exclusive sit down interview with SMEpost.…