B.V. Rama Rao, Chairman, Micro, Small and Medium Enterprises Development Corporation of India (MSMEDCI) said that the State governments have not been releasing promised incentives within the stipulated time to the MSMEs. Rao said that though the State governments offer various kinds of incentives…
Tag: SME
Birla Sun Life solution for SMEs
The Birla Sun Life insurance company has created a solution for doctors as well to help them have protection and offered protection counselling to look at their needs. Similarly, a wealth-creation solution was designed for SME employees. In the innovation lab, Birla Sun Life also takes help from …
Bengal to empower 5 lakh craft artisans in 5 years
West Bengal has chalked up an ambitious plan which will benefit five lakh artisans over the next five years after the successful rollout of 10 Rural Craft Hubs (RCH). The RCH project was initiated in 2013 in collaboration with UNESCO. We have been successfully completing the project signed betwee…
Leading stock exchanges differ on SME trading lots
The country’s two leading stock exchanges — the Bombay Stock Exchange and the National Stock Exchange — are unable to form a consensus on the issue of minimum trading lot size for the platform they have created for Small and Medium Enterprises (SMEs). Currently, the minimum lot size for the SME s…
MSME Growth to be New Mantra of Govt | President Pranab Mukherjee
President Pranab Mukherjee has indicated MSME development, which has large-scale job creation potential, will be the new mantra of the Prime Minister Narendra Modi Government which presents its second full budget on February 29. In his address to the joint sitting of Parliament, Mukherjee said Mo…
Hope to get funds for startup programme | Nirmala Sitharaman
Union Minister Nirmala Sitharaman February 21 expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for startup India programme. She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups. Spe…
There’s an immediate need to foster entrepreneurship | Asoke K Laha, MD, Interra IT
He is keeping a close tab on the run-up to the US Presidential polls, and at the same time taking a trip down memory lane, leafing through the pages of Jhumpa Lahiri’s novel- “The Lowland’, which is based on 1970’s Calcutta, Presidency College and Jadavpur University, two of his alma maters…
Universal robots to tap MSMEs
Denmark-headquartered Universal Robots aims to tap small industries in tier II/III towns across India, a top company executive said. In an interaction, Universal Robots General Manager (India) Pradeep S David said, “We are in talks with smaller industries like auto component and packaging industr…
Mumbai’s NTC land to become MSME hub
The textiles Ministry plans to set up Micro Small and Medium (MSME) units in the land available at the National Textiles Centre (NTC) mills in Mumbai. These units would be allied sector of textile industry, said Santosh Kumar Gangwar, Union Minister of Textiles, Independent Charge. On the sidelin…
TN interim budget has very little for MSMEs
Tamil Nadu Government has announced the interim budget, but the Micro, Small and Medium Enterprises (MSMEs) seems disappointed with this. the President of Tamil Nadu Small and Tiny Industries Association (TANSTIA) MUTHUSAMI C. said that there is nothing for the MSMEs in this interim budget as we …