Policy

Modi to unveil Action Plan for Start-up India on Jan 16

The government will kick-start  the “Start-Up India, Stand-Up India” initiative with Prime Minister Narendra Modi unveiling the Start-up Action Plan on January 16. This will be a government’s New Year gift to “young people” who want to set up new businesses or innovative projects, highlighting th…

Food processing sector comprising SMEs contributing towards growth

Food processing sector largely comprising units under SMEs has emerged as an important segment of the Indian economy in terms of its contribution to GDP, employment and investment. Food Processing Industries Minister Harsimrat Kaur Badal has said. It constitutes 9-10% of the GDP in manufacturing …

US Law to hit Indian textiles | FICCI

India’s textile exports is hit due to US legislation for federal procurement stipulating sourcing of raw materials from the designated countries only or US domestic suppliers. Voicing concern, FICCI has asked Indian Government to take up the issue either bilaterally with US or multilaterally incl…

MSME Year-ender for UP

The economic slowdown over the last few years cast a shadow over the Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh during 2015. In terms of sick units, Uttar Pradesh brought the curtain down on year just ended with 84,063 such units as per RBI data cited in Parliament by Minister o…

MSME body opposes Bonus Amendment Bill

The Micro, Small and Medium Enterprises (MSME) industry in Uttar Pradesh has strongly opposed the retrospective implementation of the Payment of Bonus Amendment Bill 2015. On December 23, the Parliament had passed the Bill amending the Payment of Bonus Act, by which more employees have become eli…

Product Certification workshop for MSMEs in MP

For the development of small and medium scale industries sector and to certify their products, Association of Industries, Madhya Pradesh (AIMP) organised a day-long interactive session on product certification here on Wednesday. Following joint effort of AIMP and Micro, Small and Medium Enterpris…

Scheme to boost ‘Make in India’ in textile sector

Government approves ‘Amended Technology Upgradation Fund Scheme’ for Textiles industry. It will generate one lakh crore rupees investment & create over 30 lakh jobs  Government has approved a scheme to boost Make in India in textiles that would help in generating  Rs one lakh crore investment…

MSMEs still awaits GST to overcome taxation complexities

Indian Micro Small and Medium Enterprises are demanding adequate measures from the government to protect them from competition from the neighboring countries, especially China. The industrialists have been complaining since long about the complex tax structure in the country. To add to their prob…