Prime Minister Narendra Modi’s mission to convert job seekers into job creators has been truly put to practice by the National Small Industries Corporation that nurtures close to 60 thousand budding entrepreneurs every year. NSIC Training-cum-Incubation Centres, now numbering 110 across country, …
WASME has been building a synergistic global network to catalyze growth of MSMEs | Sampa Banerjee | ED, WASME
Founded in New Delhi in 1980 World Association for Small and Medium Enterprises (WASME) has established itself as the premier international organisation supporting MSMEs. It is probably the first Indian global civil society organization representing small & medium enterprises at the global la…
Dena bank inaugurated the 4th India SME banking conclave
In India about 20% of SMEs close within 1 year of operation and about 50% wind up within 5 years due to various factors which are not conducive to SMEs. SMEs should approach Banks at the start of the distress and Banks should also proactively support the genuine SMEs in difficult situations. Spea…
Exclusive | Outgoing MSME Secretary outlines what to expect in the Budget
For someone who drove positive change at the MSME Ministry, there is optimism in the air. His eyes are focused on February 29 even as he is set to move on. He believes the coming Union Budget would announce path breaking set of policies that would unlock the latent potential of the sector. Meet t…
MSME Ministry to ease access to funds | Anup K Pujari
MSME Ministry is trying to develop a system to ease the access to funds. Under the proposed system, MSMEs which apply for loan will have to fill up a one page questionnaire about their requirement and a two page description regarding what they want to do, said outgoing MSME Secretary Anup K Pujar…
Agarwal Packers demands tax sops for logistics in budget
Logistics major Agarwal Packers & Movers has sought a set of tax sops to take India’s logistics to $300 billion business by 2020, a critical industry to push Prime Minister Narendra Modi’s ambitious Make in India plan and job creating MSME sector. Giving a long wish list to Finance Ministry, …
ACMA looks forward to a growth oriented Budget
The Automotive Component Manufacturers Association (ACMA), the apex body for the Indian auto component industry has stressed on the need for an early implementation of GST in its recommendations to the Government for the forthcoming Union Budget for the year 2016-17. The auto component sector is …
Exclusive | Key to SME growth is ease of doing business | A Didar Singh, Secretary General, FICCI
Big business chambers have traditionally focused on serving interests of big business. But at India’s leading apex chamber, the Federation of Indian Chambers of Commerce and Industry (FICCI), the small enterprises are no less important given their mammoth contribution to the national income. Cham…
Budget 2016 should facilitate business friendly Tax Admin | Dr A. Didar Singh, Secretary General, FICCI
In a candid conversation with SMEpost.com Editor K R Sudhaman, FICCI Secretary General Dr A. Didar Singh expressed that the forthcoming budget should strive to create an eco system wherein tax administration is more structured and conducive to business. This actually impacts SMEs more than anybod…
Mauritius offers Bio-farming Technology to India
Mauritius has offered bio-farming technology to India to boost green farming. This offer was made at the First Indo-Mauritius Joint Committee Meeting for the cooperation in MSME sector, an official statement said. The two countries also explored cooperation in capacity building through training o…