The Commerce and Industry Ministry has decided to add a representative from Micro, Small and Medium Enterprise (MSME) sector in the Board of Trade (BoT), which discusses ways to boost exports, reports media. “In order to give appropriate representation to MSME sector, it has been decided to…
MP to have investor summit exclusively for MSME
Industry Minister Rajendra Shukla has said that an investor summit exclusively for Micro, Small and Medium Enterprises (MSME) would be organised to attract investments in the state. “MSME needs a new lease of life. We will hold an investor summit exclusively for MSME in the state,” he said during…
India to utilize China’s decline in textile export; unveils unique package
The government is planning to announce a special package of Rs 6,000 crores to achieve the target of USD 48.5 billion in current financial year, informed an official press release. The Minister of State for Textiles, Ajay Tamta has said, “Government is planning to achieve the target of USD …
Karnataka govt unveils trade organization ‘KRETO’; kick-starts with 6 MoUs
The ‘Karnataka Region Economic Trade Organization’ (KRETO) has been launched by Former Cabinet Minister Mani Shankar Aiyar, State Minister U T Khader and Mayor of Bengaluru Manjunath Reddy. KRETO also announced it is in consultative status with ECOSOC United Nations. At the forum, Chief Minister …
India has around 2500 enterprises being started per day | Study
The immense opportunity presented by the large number of consumers in India has led to 2100 – 2500 enterprises being started in India per day and between 750-800 getting out of business or becoming dormant, as per a survey conducted by the India SME Forum and researched by SDRC India Adviso…
Three Taiwanese companies heed ‘Make in India’ call
Taipei World Trade Center (TWTC), a Taiwanese government body to promote bilateral trade among countries, has announced that three Taiwanese Machine Tool companies are investing in India, Tongtai Machine Tool Company, Fair Friend Group and Chain Headway Machine Tool Company. Post the Taiwanese Ma…
Commerce Ministry launches portal for e-Procurement
The Commerce Ministry has launched an e-marketplace for online purchase of goods and services by various central government ministries and departments. The move is aimed at bringing in more transparency and streamlining the government procurement of goods and services. The Directorate General of …
India’s Coir export increase by 17 per cent | Kalraj Mishra
Coimbatore, July 16: Union MSME Minister Kalraj Mishra inaugurated India International Coir Fair (IICF-2016) showcasing a wide range of coir products. This expo is believed to be the largest coir confluence in the world. Organised by the Coir Board, under ministry of micro, small and medium enter…
Government redefines SME status for small jewellers
In a relief to SME jewellers, the government increased excise duty exemption limit for small and medium enterprise (SME) sector to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms, reports media. Accepting the recommendations of a panel, th…
Indian startups can tap North America with this contest
Friday, July 8: Mumbai based Zone start ups along with the Government of Ontario, Canada has launched ‘The Next BIG Idea’ contest. This is an opportunity for tech startups from India, to tap into the North American market. The contest selects 5 hi-tech, hi-potential startups at an early stage, an…