Chief Minister J. Jayalalithaa on June 23 said Tamil Nadu is one of the three most preferred states for business investments in the country and the state ranked second behind Maharashtra in the gross domestic product turnout, besides being the first in the number of factories. Replying to the di…
Tag: MSME
Nashik to get Rs 915 crore industrial investment
The state government’s Make in India initiative to boost investment in industries has started yielding results in this North Maharashtra district. Funding worth Rs 915 crore is set to come Nashik’s way with as many as 141 large and Micro, Small and Medium Enterprises (MSME) deciding t…
Textile Industry threatens 2-day production holiday a week
As cotton prices shoot up to Rs. 5,800 a quintal, textile industry is reeling under severe pressure and facing scarcity of raw material. With a not-so-favourable export market and the increasing cost of operations, the industry has decided to declare a two-day production holiday every week in pro…
No registration fee for Udyog Aadhar: Govt clarifies
The Government on June 20 clarified that there is no registration fee for filing Udyog Memorandum and it is the only form of registration for MSMEs in India, in view of complaints received regarding fee charged by certain agencies for facilitating the registration “It may be pointed out that fill…
CII launches SME finance facilitation centre in Uttar Pradesh
CII (Confederation of Indian Industry) has launched the SME finance facilitation centre in Uttar Pradesh. The Micro, Small and Medium Enterprise (SME) sector is of critical importance in reviving growth. While the government has taken several measures to promote MSMEs, access to credit remains a …
MSME Ministry approves revised guidelines of IC Scheme
The Ministry of Micro, Small and Medium Enterprises (MSME) has approved the revised guidelines of International Cooperation (IC) Scheme and it would be effective with immediate effect. “…in order to make IC Scheme more effective and beneficiary oriented, the guidelines have further been reviewed …
Telangana wants to be the next start-up hub
Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
KVGB plans to disburse Rs. 1,000 cr to MSME sector by December
Karnataka Vikas Grameena Bank (KVGB), a Regional Rural Bank sponsored by Syndicate Bank, plans to disburse Rs. 1,000 crore to Micro, Small and Medium Enterprises (MSME) sector by December. “The bank is already working on development initiatives for the benefit of MSMEs to fund 1,000 crore. We are…
Patent office issues guidelines for startups
Indian Patent Office has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trade marks aiming to encourage budding entrepreneurs and boost innovation. As per the guidelines, a startup willing to file a patent application…
DIPP finalising details of two-day National Startup Fest in August
In another event to boost startup ecosystem in the country, a two-day national Startup Fest is on the cards this August. The Department of Industrial Policy and Promotion (DIPP) is in the process of finalising the details of the event that is likely to be held in Hyderabad. It is planning to invi…