Less than a week after the government announced radical changes to labour laws and offered a Rs 6,000-crore package to the garments sector, exporters are pitching in to do their bit. As many as 38 garment exporters — including 13 Small and Medium Enterprises with a turnover of under R5 crore each…
Tag: Small and Medium Enterprises
Egypt seeks India’s help to learn the ropes of SME financing
In an attempt to bring financial sectors of two countries closer to the other Egypt’s Small and Medium Enterprises (SME) in the Egyptian Banking Institute (EBI) organised a visit of their experts to India this May to learn about experience in financing SMEs. The visit to India was in collab…
Debt-free SMEs cash in on growth revival
For Rohan Sharma, business has never been better. Sales at his autoparts company in Gujarat are booming and the order book has almost doubled in the past year. His Bhagirath Coach & Metal Fabricators has just invested $120,000 in new machinery and plans to spend up to $1.2 million this year t…
Madras chamber wants state to expedite approvals
With a new government in place, Tamil Nadu industrialists hope that it will give impetus to Small and Medium Enterprises and accelerate regulatory approvals. Addressing media persons recently, SG Prabhakharan, President, Madras Chamber of Commerce and Industry, said the government should bring po…
Sitharaman takes startups’ tax holiday plea to Finance Ministry
To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…
Government introduces a comprehensive Insolvency and Bankruptcy Bill in the Parliament
The Ministry of Micro, Small and Medium Enterprises (MSME) has been providing subsidy under Credit Linked Capital Subsidy Scheme (CLCSS) and margin money subsidy through Prime Minister’s Employment Generation Programme (PMEGP). Provision of subsidy effectively lowers the cost of borrowing for Mic…
Autodesk to enable MSMEs adopt technology for design innovation
California-headquartered Autodesk, the world’s leading 3D design firm, aims to push MSMEs (Micro, Small and Medium Enterprises) adopting technology in a bigger way for designing innovation, a top company executive said. Talking to Deccan Herald, Autodesk Head of the Manufacturing Division India a…
MSME Employment generation grew at 73 per cent during 2009 – 15 | CRISIL Study
An analysis of about 5,500 Micro, Small and Medium Enterprises (MSMEs) which are engaged in manufacturing activity and which approached CRISIL for renewal rating between 2009 and 2015 shows that employment generated by these units grew at 73 per cent over these seven years. In 2009, the MSMEs pro…
Laghu Udyog Samachar Magazine released in 13th Meeting of NBMSME
The 13th Meeting of the National Board for Micro, Small and Medium Enterprises was held on January 18th under the Chairmanship of Shri Kalraj Mishra, Union Minister of MSME. Shri Giriraj Singh, MoS of Ministry of MSME was also present to address the gathering. The Start-up issue of Laghu Udyog Sa…
SBI to set up special branch for start-ups in Bengaluru
The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The country’s largest bank will soon set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups. The bank has zeroed in on Bengaluru, the so-called Silicon Valley of India, for set…