The Indian Plastic industry has grown and diversified rapidly. The industry spans the country and as per market estimates, the industry employs about 4 million people and comprises more than 30,000 processing units out of which about 85% are small and medium-sized enterprises. On December 17, as …
Tag: Kalraj Mishra
Banks panacea for NPAs could be an axe to cull MSMEs
“The bank is a friend, philosopher and guide of small enterprises” was the guiding motto for all banks during the past five decades. This seems to have been made into the derisive saying “A banker is one who lends an umbrella when the sun shines and takes it back when it starts raining”, by the […
Rs 2200 cr MSME Technology Centre coming up at Gr Noida to train 3000 trainees annually
Union MSME Minister Kalraj Mishra and Governor of Uttar Pradesh, Ram Naik on November 29, laid the foundation stone for MSME Technology Centre at Greater Noida. The center will focus on providing technological & skilled manpower support to Electronics Systems Design & Manufacturing (ESDM)…
Sick MSMEs owe Rs 40,642 cr to banks: Kalraj Mishra
The number of sick MSMEs has risen to 4,86,291 in 2016 and owe Rs. 40,642.50 crore to banks as outstandings. This is much higher than the total number of 4,73,823 sick MSMEs till March 2015 and 4,68,399 in March 2014, and almost double that of 2,22,204 in March 2013, according to the Reserve Bank…
Jobs will be safe in MSME sector, govt assures workers
Lucknow: Government sought to soothe concerns of layoff in micro, small and medium enterprises (MSMEs) that employ 80 million people against the backdrop of demonetisation, saying the decision might cause initial problems but will not impact job scenario in the sector. “There can be initial…
Currency Switch Impact | Money crunch halted 90 % work in Firozabad glass industry
Disruption of cash flow has desired the glass industry of Firozabad. Up to 90 per cent of work has been affected, say industry insiders. There are about 200 factories in Firozabad of which 125 units manufacture bangles and rest are making glassware, bottles etc. Every unit needs Rs 1 to 1.50 lak…
Kalraj Mishra invited Chinese companies for technological collaboration with Indian SMEs
There are long pending demands from MSME sector like overhauling of import laws, high anti-dumping duty on import of certain goods, implementing schemes which fuel the export of MSMEs etc. All theses demand are aimed at checking the entry of cheap products from China, Vietnam and Bangladesh, dama…
MSME Expo 2016 | Quality manufacturing in MSMEs plays key role in development, says Kalraj Mishra
Quality Manufacturing and Inclusive Growth of MSMEs Play Key Role In The Development of Country. Union Minister of MSME, Kalraj Mishra on November 15 inaugurated MSME Expo 2016 in the India International Trade Fair at Pragati Maidan. Speaking on the occasion, Mishra said that, Quality Manufacturi…
Bihar registers max MSMEs under UAM, says Kalraj Mishra
Despite being labelled most backward state in the country, Bihar has the maximum number of MSMEs in the country. This fact was revealed by MSME Minister Kalraj Mishra in Lok Sabha on July 25. Replying to a question of Om Prakash Yadav, BJP MP from Siwan, Bihar, Mishra revealed that the number of …
My Trade Box join hands with Lending Kart to provide SMEs with loans
India’s first ‘Assisted Bulk Buying’ hybrid e-commerce start-up My Trade Box will assist SMEs to connect directly to the retailers through their association with fintech startup LendingKart, with a common aim to provide more loan access to more small and medium enterprises. Both…