The Micro, Small and Medium Enterprises (MSMEs) in Chhattisgarh would be focusing on innovative startups to translate the ‘Make in India’ theme into action. A group of high-powered panelists stressed for coming out with innovative ideas for business at the Business Baatein event organised by Busi…
Tag: SME
Shopclues opens up its bulk factory for consumers
ShopClues, a managed marketplace has announced the launch of its Bulk Factory campaign for businesses and consumers alike. Shoppers can now buy products from a wide range of categories in larger quantities to avail wholesale rates starting from Rs 51 only. Last year, ShopClues had launched the &#…
Make in India week to unveil 5 biz-friendly policies
Union minister of state (independent charge) for commerce and industries Nirmala Sitharaman and Chief Minister Devendra Fadnavis on February 8 announced that the Make in India Week from February 13 to 18 would offer access, insights and opportunities to bring together global industry leaders, vis…
WASME partners Andhra govt to upthrust medical manufacturing
World Association for Small and Medium Enterprises (WASME) will be the National & International Knowledge MSME Partner for Andhra Pradesh’s eco-park for manufacturing medical devices. A memorandum for this purpose will be signed between Andhra Pradesh Government and WASME on February 12…
MIP on steel to jolt engineering exports | EEPC India
Engineering Exports Promotion Council (EEPC) demands a mechanism to compensate increased raw material cost to engineering products exporters as a result of Minimum Import Price (MIP) levied to prevent cheap steel imports. “The introduction of the Minimum Import Price on steel products will raise…
B2B startups warm up to SMEs
Even as various e-commerce companies and organised retail run mega sales promotions in a bid to outdo each other, it’s the neighbourhood kirana store that’s been caught in the crossfire. This is what prompted Sahi Sani, a Traditional Distributor, to look into whether technology could …
CPSUs procure 20 per cent of products and services from MSEs
Central Public Sector Units (CPSUs) procure 20 per cent of products and services from Micro and Small Enterprises (MSEs) as per the 2012 audit. The statistics since then have been as follows: Procurement made by CPSUs from MSEs (Rs. in Crores) Year Total Procurement Procurement from MSEs (includi…
Punjab government to award the progressive farmers with cash prize
In recognition of the outstanding services and innovative initiatives taken by the progressive farmers, the Punjab government has launched ‘Scheme for Recognition and Awards to Persons Engaged in Agriculture and Allied Sectors’ to honour such farmers with the cash prize of Rs. 3 lac, Rs. 2 lac a…
Public procurement policy for MSMEs not working | MSME Minister pulls up PSUs
Mandatory 20 per cent procurement by public enterprises from Micro, Small and Medium enterprises came into being on April one 2015 and but it seems to be not working as most of the PSUs have faltered in fulfilling this obligation. This has put several MSMEs in to difficulty. MSMEs account for ne…
BSE Institute ltd, announces launch of new zone for startups
BSE Institute Ltd, a wholly owned subsidiary of BSE Ltd, announced the launch of a new accelerator for startups. This accelerator is housed in the iconic P.J.Towers the home of BSE, Asia’s oldest and the world’s fastest stock exchange. This has been setup as a technology based incubator under the…