Over 20,000 micro, small and medium enterprises in Tamil Nadu hit by floods in the month of December 2015 will need government financial assistance to get back on their feet. According to the Industrial Estate Manufacturers Association, Guindy, the sector needs financial assistance of at least Rs…
Flipkart to showcase Khadi items
Indian E-tailing giant Flipkart will now showcase a range of khadi clothes, including thirty articles from the famous Swaraj Ashram in Kanpur, a premier Khadi Bhandar. The items showcased, khadi denim jeans, Modi kurtas, ladies wear and shawls among others, can now be viewed on the website/app an…
Handlooms & Handicrafts to get big boost | Govt. to fund exhibitions & festivals
Government will organize regular exhibitions cum sale festivals in large cities to provide regular marketing facilities for promotion of handlooms and handicrafts. To begin with, three venues have been identified in Delhi, where exhibitions cum sale festivals shall be organized round the year, on…
Quality Council of India & FICCI to create ‘ZED’ Cell
Quality Council of India and FICCI have joined hands to set up ZED cell to implement Prime Minister Narendra Modi’s programme of Zero-Defect-Zero-Effect (ZED). The cell to operate at FICCI office here and a memorandum of understanding between QCI and FICCI was signed for this purpose. This endeav…
Startups join hands to provide dine-in facility
Sneha Arya discovered Blue Apron, when she was studying in the US. She had heard about it on a niche broadcasting medium. The idea is simple: Order high-quality food but cook it yourself. Sounds difficult? Not really. Blue Apron sends consumers all ingredients needed to make a meal in the right p…
‘Make in Jharkhand’ | MSMEs to strengthen the rural belt
The first 15 years for a state with immense potential, given its rich mineral resources, have not been as speedy as expected, thanks to political instability and bureaucratic hurdles. Raghubar Das, Jharkhand’s 10th CM in 15 years, tells Kumar Akash & Bhaswar Kumar about the initiatives taken …
IRDAI trade credit insurance norms to benefit SMEs
Seeking to give a fillip to the MSME sector, insurance regulator IRDAI has proposed changes in guidelines on trade credit insurance. In an exposure draft on ‘Amendment to Guidelines on Trade Credit Insurance’, the sectoral regulator said changes in the economy, especially in Micro, Sm…
Bullet train project to create $51 billion MSME business
Mumbai-Ahmedabad bullet train project costing Rs 98,000-crore along with the diamond quadrilateral project that seeks to build 6,000 km of high-speed rail network can create a whopping $51 billion business opportunity for the MSME sector, as per the report. If the government makes 30 percent mand…
Govt needs to incentivise defence exports | Neeraj Gupta, MD, MKU
India’s defence industrial policy needs to be in line with the objective to boost defence exports. The government should interact more with vendors and look towards making the procurement process faster, says Neeraj Gupta, Managing Director, MKU Pvt. Ltd, in an interview to H. Siddiqui of SMEpost…
SEBI, BSE, NSE to hand-hold SMEs | Important Clusters under focus
Market regulator Securities and Exchange Board of India (SEBI) and the country’s leading stock exchange NSE have come forward to handhold SMEs in the region to raise funds for their expansion/diversification by getting listed. After the Government of India liberalized the norms for listing, allow…