The synthetic sector is struggling due to factors such as high price, higher cost of manufacturing on account of high input prices and competition from China, South Korea, Indonesia and Thailand.
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Tag: MSME
GST impact on corporates & MSMEs: 8 key factors they need to focus on
With GST ringing in, the government has been true to its promise of introducing GST on July 1. With the promise being completed, it is now up to assessees to reap the benefits. Though there may still be fears in the business community—big and small alike. Nonetheless, assessees will now need to c…
MSMEs form the largest source of financing, reports KPMG-IMC
The whitepaper examines how several policy interventions along with technology and innovation will continue to play a pivotal role in creating a business-friendly atmosphere for the MSMEs. Different sources of capital are used by MSMEs across their lifecycle, and the traditional banking system st…
Khadi to go places: Govt to open outlets outside India
The government is planning to open Khadi outlets outside India to push products made using the indigenous handspun fabric in the global markets. The MSME Ministry is discussing the proposal with its Commerce counterpart for opening Khadi outlets in Mauritius, South Africa, Dubai and Chicago. “We …
AP signs MoUs with NSE & QCI to ease MSME listing & create quality products
Government of Andhra Pradesh has signed MoUs with various agencies to mentor and support MSMEs of the state, and provide entrepreneurship and employment opportunities for all. A total of 8 separate MoUs were signed on the occasion of first UN MSME Day with Quality Council of India (QCI), N…
Naidu launches AP MSME Development Corporation with Rs 100 cr corpus
In a bid to encourage the micro, small and medium enterprises (MSME) sector, Chief Minister N Chandrababu Naidu on June 28 launched the logo of the Andhra Pradesh MSME Development Corporation. The corporation, with a corpus of Rs 100 crore, would help the MSME entrepreneurs in marketing, branding…
GST rollout: SMEs in a fix as major companies stop accepting products amid uncertainty
Ahead of the Goods and Services Tax (GST) rollout, small and medium scale enterprises (SMEs) in Pune find themselves in a tricky situation. Automobile manufacturers, the major customers of these companies, have stopped taking finished products from them amid the uncertainty over the GST slabs and…
Kalraj Mishra inaugurates MSME-DI Tripura, announces Tech Centre for state
Minister of Micro, Small and Medium Enterprises Kalraj Mishra inaugurated the MSME Development Institute (MSME-DI) and Mini Tool Room in Agartala on June 25. The Minister also announced the setting up of a Technology Centre, to usher in small scale industrial development of the state. Mishra said…
MSMEs gear up to embrace GST regime
Micro, Small and Medium Enterprises (MSMEs) are all geared up to embrace the new GST regime by making changes in their functional as well as technological strategy, but want government support for training and creating awareness. Those associated with the MSME sector feel that the “One Tax One Na…
ShopClues rolls out GST compliance services for over 6 lakh MSME merchants
ShopClues is introducing several merchant initiatives and workshops nationwide to have a smooth transition to the Goods and Services Tax (GST) framework. The online aggregator plans to pan over five lakh plus merchants under the new tax regime as it is required to file returns under GST, which wi…