The recent spurt in cotton prices has resulted in higher input costs for the spinning sector in India. In view of this situation, the Government reviewed the situation and decided the following: Cotton Corporation of India will sell its existing stock, purchased under MSP, to spinning mills in th…
Tag: MSME
India’s Coir export increase by 17 per cent | Kalraj Mishra
Coimbatore, July 16: Union MSME Minister Kalraj Mishra inaugurated India International Coir Fair (IICF-2016) showcasing a wide range of coir products. This expo is believed to be the largest coir confluence in the world. Organised by the Coir Board, under ministry of micro, small and medium enter…
#SuperSMEawards salutes the Shining stars of Indian SME Sector
The inaugural edition of the‘SMEpost.com – WASME Super SME Awards 2016’ was held on July 09, at the PHD House, New Delhi. These awards have been constituted to celebrate the Success Stories of Indian SME Sector who have scored big through innovative thinking, operational efficiency, futuristic st…
Technology for bio-conversion of coir pith into manure
Researchers in Coir Board have developed a technology for bio-conversion of coir pith into an organic manure, which has the quality of replacing urea, a top official of the Board said. The Allapuzha Research Centre of the board has come out with the technology by which Coir Pith Organic Manure ca…
Government mulling to start rating MSMEs on 50 parameters
The government plans to soon start rating Micro, Small and Medium Enterprises on 50 parameters and classifying them into five categories as part of an initiative that is in sync with the Make in India programme and Prime Minister Narendra Modi’s call for “zero defect” manufactur…
Industrialists seek revision in investment limit for MSMEs
Even as inflation has soared to a new high, the Union government has not revised the investment limit for the Micro, Small and Medium Enterprises (MSME) for many years. Entrepreneurs say it has resulted in hindering its necessary expansion and modernisation of its machineries to compete with the …
Textile sector MSMEs welcome Smriti Irani with high hopes
After announcement of special package by Government of India, Textile industry looks at appointment of high profile Smriti Irani as Textile Minister with high hopes. Industry sources are looking forward to Irani to driving growth and achieving the export target of $300 billion by 2024-25. Accordi…
CAPC being formed for defaulters of loans | MSME Minister makes announcement at Super SME Awards
Micro, Small and Medium Enterprises (MSME) should stop worrying about being declared as non performing assets (NPA) if they fail to repay loan for three months. MSME Ministry in collaboration with the Finance Ministry has worked out a plan for ease of business of MSMEs. The scheme covers not only…
Purplle to close $6 million Series-B round
Purplle, an IvyCap Venture-backed online marketplace for beauty products and spa and salon services, is closing a Series-B round of around $6 million with participation from JSW Ventures, existing investors and another investor who’s likely to join in. The company will use some part of the …
Start-ups set to reach new peaks: IT Secretary
Start-ups in India are set to scale new peaks going forward, according to Jayesh Ranjan, Secretary, Information Technology and Communications, Government of Telangana. He was speaking at the second convocation of Woxsen School of Business held here on July 9. The world of start-ups is becoming yo…