The government backed financing institution’s total income however increased 10 per cent to Rs 6,346 crore from Rs 5,784 crore in March 2016, and provision for bad loans dropped to Rs 80 crore from Rs 225 crore a year earlier as gross NPAs decline to 1.20 per cent of the loan book from 1.51 per c…
Tag: SME
Digitalisation is the only way to scale SMEs in global competition: Siemens
Siemens India, the local arm of German engineering and manufacturing conglomerate Siemens AG, has just launched its first digitalised factory in India- a switchgear manufacturing unit near Mumbai. Digitalisation will drive the next wave of technological change required for Make in India, and Siem…
India-Jordan discuss ways to boost trade & investment at 10th TEJC meet in New Delhi
India and Jordan discussed ways to increase cooperation in diverse areas like customs taxation and visa to promote trade and investments between the two countries on July 5. The discussions were held during the 10th India-Jordan Trade and Economic Joint Committee (TEJC) meeting held in New …
Banks see credit growth for SMEs & self-employed after GST rollout
What GST will provide us is that for many of these smaller companies, we will have data. So, our ability to understand these businesses, and therefore, lend to them will improve dramatically
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MSME Min to rehabilitate sick units in Eastern UP through cluster dev: Kalraj Mishra
Union MSME Minister Kalraj Mishra has said that incentives will be given to small and medium enterprises in Eastern Uttar Pradesh for rehabilitation of sick units in districts like Benaras, Mirzapur, Bhadohi, etc. The Union Minister said that MSME Ministry will work towards the development of sma…
Railways investing Rs 4.15 lakh cr on VDP for benefit of SMEs: Suresh Prabhu
The two international companies GE and Alstom would build diesel and electric locomotives for the Railways and their manufacturing in the country meant more business for their small and medium enterprise suppliers.
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Govt seeks suggestions to formulate new industrial policy
The new policy also aims at aligning with the government’s flagship programmes such as Make in India, Skill India, Startup India and the foreign direct investment norms.
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Indian-promoted fintech firm InstaRem raises $13m in round-3 fundraising
InstaRem will use the money to build its payment infrastructure, which has grown eight times in volumes since its March 2016 funding. The investment will also be used to boost the employee strength of its office in Mumbai, where most of the company’s teams are based
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Numaligarh Refinery launches start-up initiative to foster entrepreneurship in NE
Numaligarh Refinery Limited (NRL) launched its start-up initiative to foster an entrepreneurial culture in the Northeast region. “The initiative, IDEATION 2017, aims to focus on prospective entrepreneuers from the region by selecting promising ideas and assisting them to grow,” …
Vidarbha SMEs may soon contribute to defence technology development
Small and medium enterprises (SMEs) in Vidarbha may get an opportunity to be part of defence technology development of the country. The Vidarbha Industries Association (VIA) and Defence Innovators and Industries Association (DIIA) jointly organised a seminar to discuss these prospects on July 4. …