Quality Council of India and FICCI have joined hands to set up ZED cell to implement Prime Minister Narendra Modi’s programme of Zero-Defect-Zero-Effect (ZED). The cell to operate at FICCI office here and a memorandum of understanding between QCI and FICCI was signed for this purpose. This endeav…
Tag: MSME
IRDAI trade credit insurance norms to benefit SMEs
Seeking to give a fillip to the MSME sector, insurance regulator IRDAI has proposed changes in guidelines on trade credit insurance. In an exposure draft on ‘Amendment to Guidelines on Trade Credit Insurance’, the sectoral regulator said changes in the economy, especially in Micro, Sm…
Bullet train project to create $51 billion MSME business
Mumbai-Ahmedabad bullet train project costing Rs 98,000-crore along with the diamond quadrilateral project that seeks to build 6,000 km of high-speed rail network can create a whopping $51 billion business opportunity for the MSME sector, as per the report. If the government makes 30 percent mand…
Indian SMEs are second to none; have to be recognized as brands | Anup Pujari | Secretary, MSME Ministry
‘State governments also need to enforce 20% procurement quota for SME sector’ The Indian small and medium enterprises are second to none but they have to sustain standards and be recognized as brands to reckon with, says MSME Secretary Anup Pujari in an exclusive sit down interview with SMEpost.…
Investors are now appointing their own entrepreneurs
The practice of entrepreneurs looking for investors is passé. Now investors are appointing their own entrepreneurs. Taking a cue from a rapidly growing trend in the Silicon Valley, a few Indian venture builders, such as Mumbai-based Sparknext and T-labs, are looking for people who have the qualit…
Mudra Yojana to help MSMEs hit by Chennai floods
Mudra Yojana, a new financial system launched by Center is likely to help financially the Chennai flood affected MSMEs. This was decided following the visit of MSME Minister Kalraj Mishra, who inspected flood affected industrial clusters housing MSMEs in the city. The recent flood in Chennai ha…
Online UAM registrations by MSMEs cross one Lakh | MSME Secy Anup Pujari
Udyog Aadhar, launched by Micro, Small and Medium Enterprises Minister in September this year has evoked overwhelming response. Over one lakh MSMEs have registered so far in a short span of two months. The online registration of small and medium business in the country will help them get benefit…
IPR awareness drive amongst MSMEs to enhance competitiveness
Ministry of Micro Small and Medium Enterprises has launched a scheme to build awareness on Intellectual Property Rights (IPRs) among MSMEs. The aim of this scheme is to enhance competitiveness of MSMEs under the National Manufacturing Competitiveness Programme (NMCP). Apparently, only one MSME h…
Chennai flood leaves 50,000 jobless in MSME sector
Nearly 50,000 employees in nearly 10,000 micro enterprises located in and around Chennai have been left unemployed due to the recent torrential rains and flood that left their units damaged badly, said Kalraj Mishra, Union Minister for MSME. The number of affected employees could be more if the 3…
UP Govt. proposes ‘District Industries and Enterprise Facilitation Center’ to boost MSME sector
By Lucknow Correspondent Uttar Pradesh has the largest share of medium and small scale enterprise in India at 44 lakh units. Keeping this in mind, the Akhilesh Yadav government has decided to go overdrive to boost MSMEs in the state through new initiatives. Making its first move, the department o…