Bhubaneswar: Minister for Micro, Small and Medium Enterprises (MSMEs) Prafulla Samal on May 27 urged aspiring entrepreneurs and non-resident Odias, who have earned big name by setting up their operation in other cities and abroad, to set up their ventures in the State. Speaking at a conference or…
Tag: MSME
Goods and Services Tax to hit MSMEs hard in granite industry
The high percentage of Goods and Service Tax announced by the Union government is a big blow to the small and middle scale processing units in the granite industry. The government failed to consider the existing structure of taxes before announcing a single tax for all types of producers, laments…
Pondy budget emphasises on ease of doing business: CII
The Confederation of Indian Industry (CII) on May 27 welcomed the budget presented by Puducherry Chief Minister V Narayanasamy, for the fiscal 2017-2018, in the assembly on May 25. In a release, the Chairman of CII, R D Shrikanth said, “The budget has placed greater importance on ease of do…
Will the strategic partnership policy finally kick-start PM’s Make in India Defence Project?
It has been well over a decade since India’s private sector was directly involved in defence manufacturing. Citing security concerns, India’s defence procurement has largely been driven by the various defence public sector undertakings (DPSUs) and the Ordnance Factory Board (OFB). While defence m…
RBI’s trade receivables system to help MSME sector
While the government is prodding the micro, small and medium enterprise (MSME) sector to drive the economy to its next phase of growth and job creation, the entire sector is grappling with challenges of getting their payments on time. Big corporates, which usually source a part of their products …
Khadi: अब खादी के कपड़े मिलेंगे बड़े ब्रांड के नाम के साथ
खादी वस्त्रों की मांग को और बढ़ाने और इसको एक फैशन ब्रैंड बनाने के मकसद से खादी ग्रामोद्योग आयोग (केवीआईसी) ने आदित्य बिड़ला फैशन और रिटेल के साथ एक समझौते पर हस्ताक्षर किए हैं। साथ ही केवीआईसी अरविंद मिल्स के साथ भी डील साइन करेगी जिसके तहत हाथ से बुने फैब्रिक को प्रोत्साहन दिया जाएगा। [&hellip…
How GST will be a turning point for SMEs
Introduction of the Goods and Services Tax (GST) after a decade-long deadlock is a welcome measure for Indian small and medium enterprises (SMEs). India’s approximately 51 million SMEs are vital for its economy, contributing 45 per cent to the country’s GDP and employing 450 million people. GST h…
बड़े शहरों के विकास के बाद अब छोटे शहरों को भी बदल रहीं हैं SMEs
भारतीय उद्योग परिसंघ (सीआईआई) के अनुसार, एमएसएमई क्षेत्र भारत की राष्ट्रीय आर्थिक संरचना की रीढ़ है। सीआईआई ने कहा है कि वैश्विक आर्थिक मंदी के समय में यह सेक्टर भारतीय अर्थव्यवस्था को मजबूत करता है। सीआईआई की एक रिपोर्ट के अनुसार भारत के शहरों के विकास में और ग्रामीण आबादी को रोजगार देने में एसए…
India’s SME hub won’t be a metro city much longer
According to the Confederation of Indian Industry (CII), the MSME sector is the backbone of India’s national economic structure, constantly strengthening the Indian economy in the face of global economic meltdowns and adversities. Comprised of more than 51.1 million units throughout the country, …
After yoga, PM Narendra Modi now wants to make Khadi an international brand
Mumbai: The Khadi Village and Industries Commission (KVIC), an autonomous body under the Ministry of MSME, has sent legal notices to four Indian companies and institutions for using the word Khadi in their brands or as a trademark in an energetic push bid to reclaim the brand for the nation. Afte…