President Pranab Mukherjee has indicated MSME development, which has large-scale job creation potential, will be the new mantra of the Prime Minister Narendra Modi Government which presents its second full budget on February 29. In his address to the joint sitting of Parliament, Mukherjee said Mo…
Tag: MSME
MSME Ministry for revival of sick units
The Government will work out modalities to revive sick industry soon, Union MSME Minister Kalraj Mishra has said. At a regional conclave of MSMEs from states of Punjab, Haryana, Chandigarh, Delhi, Uttrakhand, Jammu and Kashmir and Himachal Pradesh, Mishra said “the idea behind such conclave…
Make in India seeds sown
At the Make in India Week, Maharashtra announced that it attracted investments worth Rs 7.94 lakh crore and would form a task force to work towards ensuring that these projects are implemented. Chief Minister Devendra Fadnavis and Industries Minister Subhash Desai had taken hard efforts to ensure…
Budget need to unleash MSME growth potential | PHD Chamber
The Micro, Small & Medium Enterprises (MSME) segment has immense potential to play a significant role to push India’s growth in strong and sustainable growth trajectory, said Dr. Mahesh Gupta, President, PHD Chamber. MSMEs must be facilitated in terms of their credit demand, enhanced scope fo…
Hope to get funds for startup programme | Nirmala Sitharaman
Union Minister Nirmala Sitharaman February 21 expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for startup India programme. She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups. Spe…
KVIC readies five prototype models of Solar-Powered Charkha
After a prolonged research, the Khadi and Village Industries Commission (KVIC) has now readied five prototype models of ‘solar-powered charkha (spinning wheel used for producing yarn) for its introduction in the country. The gadgets are developed with the objectives of reducing human drudgery, wh…
There’s an immediate need to foster entrepreneurship | Asoke K Laha, MD, Interra IT
He is keeping a close tab on the run-up to the US Presidential polls, and at the same time taking a trip down memory lane, leafing through the pages of Jhumpa Lahiri’s novel- “The Lowland’, which is based on 1970’s Calcutta, Presidency College and Jadavpur University, two of his alma maters…
Tamil Nadu seeks investments in industrial parks
The Tamil Nadu government has appealed to investors to consider the 20 industrial park set up in the State, and tap the business opportunity in developing the 12 new parks that are being established. R Selvaraj, Managing Director, State Industries Promotion Corporation of Tamil Nadu (Sipcot), sai…
Flipkart launches instant-cataloguing service spot-list for SMEs
The Indian e-retailer Flipkart on February 17 announced the nation-wide launch of Spotlist. It’s a service that offers instant cataloguing and listing for small-scale sellers and artisans in India. The company expects to provide small-scale sellers with professional assistant to catalogue t…
Mumbai’s NTC land to become MSME hub
The textiles Ministry plans to set up Micro Small and Medium (MSME) units in the land available at the National Textiles Centre (NTC) mills in Mumbai. These units would be allied sector of textile industry, said Santosh Kumar Gangwar, Union Minister of Textiles, Independent Charge. On the sidelin…