Tag: MSME

Andhra to set up MSME township

The Micro, Small and Medium Enterprises (MSME) sector will get a major push as the Andhra Pradesh government has proposed to set up an exclusive model industrial township in a 200-acre site outside Vijayawada. Taking cue from its neighbouring telangana state, which had decided to set up Industria…

Ambition Mica ambitious on its export

Ambition Mica Ltd, an Ahmedabad based BSE-SME listed company is confident of increasing its factories’ utilisation rate to 70 per cent this financial year, compared to 48.26 per cent of utilisation of its total installed capacity, during last financial year. Ambition Mica is riding high on …

Exclusive | Outdated MSME schemes to be pruned in the budget: Govt

The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…

Hyderabad to host National Vendor Development Program from Feb 19

With an objective to facilitate a business tie-up between government and Public Sector Undertakings (PSUs) and large private sector industries with Micro, Small & Medium Enterprises (MSMEs), a two-day National Vendor Development Program-cum-Industrial Exhibition will get underway on February …

PSUs have doubled their raw material buys from MSMEs | Kalraj Mishra

Union Minister Kalraj Mishra on February 16 said that sourcing of raw materials from Micro, Small and Medium Enterprises (MSME) by PSUs in the country has doubled following the government’s mandate to procure a minimum of 20 per cent raw material from the sector. “The procurement of raw materials…

Micro and Small industries are not big bank loan defaulters | RBI

An analysis of RBI data showed that agriculture, Micro and Small industries are not the major defaulters in bank loans resulting in mounting non-performing assets (NPAs) of commercial banks especially public sector banks. Reserve Bank Deputy Governor S SMundra told a CII banking summit that the m…

Restore special category status to Assam | Gogoi

Assam Chief Minister Tarun Gogoi on February 15 requested Union Finance Minister Arun Jaitley for restoration of the special category status to the state and raise central assistance for it in the coming Union Budget. In a letter to Jaitley, Gogoi pleaded for restoration of the centrally-sponsore…

MSMEs important source of job creation | Raghuram Rajan

Kerala is well placed for a revolution in MSME sector, he said, adding that the state should leverage its high level of education and capabilities. Medium and Small Enterprises (MSME) are critical to economic development and a ‘level playing field’ should be ensured for them, RBI Gove…

Capital Goods Policy to facilitate competitiveness | Anant Geete

Realising the strategic importance of Capital Goods and the pivotal role that it plays in overall manufacturing is central to the vision of “Make in India”, said Anant Geete, Heavy Industry & Public Enterprise, Minister while unveiling the “National Capital Goods Policy”, a first …