The Micro, Medium and Small Enterprises sector has seen a flurry of initiatives launched by the Government of India over the last year. Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra speaks on the success of these measures so far and his vision for the New Year. Q: What were…
Tag: Make In India
Post-GST tax benefits: Solution a must, otherwise Make in India will die a premature death
Though GST has been postponed for now, state governments would do well to sit down with firms they have promised tax sops to, in order to invest in their states, and figure out how to honour these promises—indeed, since tax sops are one way of attracting investors, a solution for existing investo…
Indian SME trends: The year gone by and 2017
Flourishing amidst a challenging environment, the Small and Medium Enterprises ( SMEs) of India experienced several highs and lows in the past few years. With the Indian economy expected to emerge as one of the leading economies in the world and likely to become a $5 trillion economy by 2025, maj…
A German model for our MSMEs?
Job-creating growth is likely to be a priority of the Modi government — especially in the context of the contraction expected in the wake of demonetisation — when it presents the Budget on February 1. The Budget presents a unique opportunity for redefining our entire approach towards medium, smal…
National MSME Policy to be unveiled soon
A much-anticipated national policy was soon to be finalised by a one-man panel consisting of former Cabinet Secretary Prabhat Kumar to usher in ‘ease of doing business,’ a change in the definition of medium, small and micro enterprises (MSME), flexible credit norms as well as labour laws. For, th…
Budget 2017: PM orders DIPP to focus on impactful steps for economy
The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications” so that they can be considered for inclusion in the upcoming Budget papers, senior government officials told. The process started after a …
Demonetisation could be a blessing in disguise for SMEs
According to Ministry of Micro, Small and Medium Enterprises, SME sector contributes 45% of the country’s industrial output, 40% of India’s exports, employs 60 million people, creates 1.3 million jobs annually and produces high quality products for the Indian and international markets…
Demonetisation crisis is stalling SMEs & sending workers home
Over the past two years, this suburb of New Delhi mushroomed into a flourishing enclave of small cellphone manufacturers, attracting tens of thousands of workers from the countryside. Noida, known as the “handset hub,” was touted as a showcase for Prime Minister Narendra Modi’s pet “Make in India…
Technology empowers SMEs realise the ‘Make in India’ dream
Small and medium enterprises may be gunning for the global markets. However, the reality in getting their systems in place before making this quantum leap, is posing its own set of challenges. Wonder Polymers is a medium-sized company that manufactures and markets a wide range of self-adhesive ta…
Govt to fund defence MSME work up to Rs 10 cr project cost
New Delhi: More than two years after announcing it, the government has finally kick started its defence technology fund scheme — a cornerstone of the Make in India initiative that will fund research by MSMEs on urgent military technology projects up to a value of Rs 10 crore. In the first r…