The Micro, Small and Medium Enterprises (MSME) sector will get a major push as the Andhra Pradesh government has proposed to set up an exclusive model industrial township in a 200-acre site outside Vijayawada. Taking cue from its neighbouring telangana state, which had decided to set up Industria…
Tag: SME
FIEO’s Budget 2016 wishlist for MSMEs
The Federation of Indian Export Organisations has demanded creation of Export development fund in the forthcoming budget to help MSMEs, which account for 45 per cent of India’s exports, a share that has not fallen even when global trade has been hit by slowdown In its budget wishlist, FIEO said …
Ambition Mica ambitious on its export
Ambition Mica Ltd, an Ahmedabad based BSE-SME listed company is confident of increasing its factories’ utilisation rate to 70 per cent this financial year, compared to 48.26 per cent of utilisation of its total installed capacity, during last financial year. Ambition Mica is riding high on …
Khadda Nagar Panchayat in UP to be an investment hub
Residents of the town Khadda in Uttar Pradesh, along with the Nagar Panchayat, is gearing up to hold a Business summit to showcase various investment and tourism opportunities present in the town. The summit, which is likely to be held during the month of May, will aim to attract both domestic an…
DHFL sees five-fold jump in SME loans by 2018
Mortgage lender Dewan Housing Finance (DHFL) expects a five-fold jump in small and medium enterprises (SME) loans by 2018 as part of its business diversification plan. “With the focussed approach, we expect our SME loan portfolio to increase to Rs 5,000 crore by 2018“, DHFL Chief Exec…
Park for Chinese SMEs likely in Medak
Hunan province has evinced interest in setting up a park for Small and Medium Enterprises, on 2,500-3,000 acres, in Telangana. The park will locate SMEs across various sectors and providing the backdrop for the proposal is Telangana’s efforts to woo investments from China, which included Chief Mi…
National College of Ireland to mentor Indian SMEs on cloud and data analytics
National College of Ireland (NCI), a leading European education institution with strong links to SURGE and the WebSummit series (SURGE is Web Summit’s first conference in India. In 5 years, Web Summit, held annually in Europe, has grown from 400 attendees to over 42,000 from more than 134 countri…
The northeast’s Startup Star is on the rise
The “venture fund” set up by the Union Government to promote startups in India’s northeastern states has resulted overwhelming response making the region vibrant with several small and medium enterprises keen to start operation there. Minister of State for Development of Northeastern Region (D…
Reserve Bank smoothens the wheels for Start-ups
The Reserve Bank of India (RBI) released a statement on February 11 clarifying payment-acceptance rules, especially when it came to foreign currency, for start-ups. “A start-up in India with an overseas subsidiary is permitted to open foreign currency account abroad to pool the foreign exchange e…
BSE SME platform boost for Make In India project
PM Modi’s, Make in India drive has got a big boost as the return has been 700 % the SME IPO index in the last three years and units listed able to equity finance their projects in the face of bank loan squeeze . SMEs provide a major chunk of employment and contribute in a […]
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