The National Stock Exchange (NSE) is planning to launch a new trading platform for bill discounting or trade receivables of micro, small and medium enterprises (MSME). The country’s largest exchange has forged a joint venture with the Small Industries Development Bank of India (Sidbi) for the new…
Tag: MSME
Kalraj Mishra orders to speed up the construction of MSME – Technology Centres
Mishra ordered to speed up the construction of all the Technology Centers, while reviewing the work of MSME Development Organization. He was assured that the work on at least 10 Technology Centres will start during the year. He desired that all Technology Centres should be completed in all respe…
Coir Board is implementing scheme interventions for sustainable development | Giriraj Singh, MoS, MSME
In order to increase the coir production in the state of Maharashtra, the Coir Board has augmented its activities in the State. Recently the Board has established a Sub-Regional Office at Sindhudurg. A showroom and sales depot of the Board is functioning at Navi Mumbai, said MoS for MSME Girira…
Kalraj Mishra reviews work of Mahatma Gandhi Institute for Rural Industrialization (MGIRI)
Kalraj Mishra, Union Minister for MSME appreciated the work of MGIRI specially in bringing out innovative technologies such as, extracting amino acid from human hair, Solar Potter Wheel, Solar Blunger and 10 & 16 spindles Solar Charkha. He also appreciated the Principal Scientists who have a…
Two companies to migrate to BSE’s mainboard from SME platform
Two firms — Comfort Commotrade and Looks Health Services — will migrate to BSE’s mainboard from the stock exchange’s Small and Medium Enterprise (SME) platform. This will take the total number of companies migrating to mainboard platform to 18. In separate circulars, the e…
Set up panels to identify credit-worthy MSMEs | Bank of Maharashtra
As stressed assets mount and banks increasingly face questions about lending to sick units, credit challenges facing the MSME sector could mount. As it is, the sector accounts for 45 per cent of Non-Performing Assets (NPAs). At an Assocham event on ‘Financial Clinics for MSMEs’ here recently, Kal…
Rubber MSMEs voice concern on supply crunch, volatility in price
Rubber products manufacturing units in the Micro Small and Medium Enterprises (MSME) sector have expressed concern at sharp volatility in NR prices and its acute deficit in the domestic market. Quoting Rubber Board data , All India Rubber Industries Association (AIRIA) has stated that domestic na…
MSMEs seek access to patented tech through licensing of SEP on FRAND terms
The Federation of Indian Micro and Small & Medium Enterprises (FISME), has told the Department of Industrial Promotion and Production (DIPP) that to realize Make in India, the setting-up of uniform standards, sustainability and access to patented technology are vital for technological advanc…
Digital India fillip for IT MSMEs
Micro, Small and Medium Enterprises (MSMEs) offering Information Technology (IT) and IT enabled services (ITeS) stand to gain significantly from Digital India, the government’s flagship programme for transforming the country into a digitally empowered society and knowledge economy. An analysis of…
Gujarat Chief Minister to inaugurate MSME expo
The Gujarat Chamber of Commerce and Industry (GCCI) will organize ‘GCCI Summit and Expo’ dedicated to the micro, small and medium enterprises (MSME) with an aim to boost their business during the current global recession on April 29 and 30 at Mahatma Mandir. The event will be inaugura…