New Delhi, Jan 8 : Govt to come out with comprehensive MSME Policy. Former Cabinet Secretary Prabhat Kumar to head Hi-Power Committee to draft the policy: Kalraj Mishra Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be dra…
Tag: MSME
Exclusive | UAM, Funding & Skill Initiatives to be key drivers of MSME growth | MSME Minister Kalraj Mishra
Prime Minister Narendra Modi has decided to pursue inclusive growth with renewed vigor in the New Year so that India shines for all especially those living in six lakh villages. The key to success of this initiative is promotion of MSMEs across India in view of its huge potential for job creation…
Skill mapping to boost MSMEs | Kalraj Mishra at PMEGP workshop
For the first time the union government has conducted industrial profile and skill mapping to ascertain where MSME industries could be set up. Skill training was being provided to youths so that they as well the industry could know about each other’s requirement, Union Minister for Micro, Small a…
Fruit processing has huge scope in Tripura : Manik Sarkar
Landlocked Tripura has considerable potential in terms of developing its fruit processing industry since the agro-climatic condition is favorable for horticulture. Manik Sarkar, Tripura Chief Minister said. Addressing a day-long conference on linking prospective food entrepreneurs with government…
Proposal to help flood-hit MSMEs | MSME Minister Kalraj Mishra
Offering financial assistance to MSMEs affected by floods in Chennai is under the Ministry’s active consideration. MSME Minister Kalraj Mishra said. “I have forwarded the proposal to Finance Minister Arun Jaitley and he has assured all help,” said Mishra told reporters in Coimbatore Replying to a…
Commerce Ministry keen on creating fund to boost falling exports
The commerce department wants to create a fund aimed at boosting India’s shrinking exports, proposing a financing mechanism that would discourage exports of raw material and help local value addition. (MSMEs account for nearly 45 per cent of India’s exports). The Ministry of Commerce & …
Diversification can help MSMEs boost competitive advantage | CRISIL Study
Micro, Small and Medium Enterprises (MSMEs) can improve their revenues and boost their competitive advantage by diversifying across products, customers and geographies, according to a CRISIL study. The study found that average sales of MSMEs with a diversified product/service, customer and geogra…
Odisha Govt. to come up with a new Entrepreneurship Policy in Feb 2016
The Odisha Government would soon come up with a new Entrepreneurship Development Policy in February with an aim to help out the entrepreneurs in the State. The Micro, Small and Medium Enterprise (MSME) Department is in process of finalizing the policy, Industry sources said. Chief Secretary Adity…
Centre creating rehabilitation framework for MSMEs featuring as NPAs of banks
The Center has created a framework for revival and rehabilitation of MSMEs, which account for nearly half of the non-performing assets (NPAs) of banks from the industry sector, MSME Minister Kalraj Mishra has said. The MSME Ministry would immediately take steps to set up a “design studio” as a “c…
US Law to hit Indian textiles | FICCI
India’s textile exports is hit due to US legislation for federal procurement stipulating sourcing of raw materials from the designated countries only or US domestic suppliers. Voicing concern, FICCI has asked Indian Government to take up the issue either bilaterally with US or multilaterally incl…