Union Minister of Micro, Small and Medium Enterprises Kalraj Mishra is in China to attend the China International Small and Medium Enterprises Fair (CISMEF) 2016. Mishra reached Guangzho on October 8 with delegation of 124 Indian Ministry of Micro Small and Medium Enterprises (MSMEs). Addressing …
Tag: MSMEs
AP urged to take steps to revive sick units
Visakhapatnam: The Andhra Pradesh government should take immediate steps for the revival of the many sick micro, small, medium enterprises and also help in the establishment of new ones, according to BV Rama Rao, President of the Federation of Andhra Pradesh Industries (FAPI). He said at a press …
Assam needs 35 lakh jobs, Rs 2 lakh cr investment: Assocham
Assam needs 35 lakh new jobs and Rs 2,00,000 crore investment to attain double digit growth in next five years, industry body Assocham said in a report. “The newly elected state government in Assam should aim to create 35 lakh new jobs during the course of next five years by revising its industri…
The promoter of an SME has high skin in the game | R Vasudevan, Senior Director, Crisil
Small businesses have fared better during the economic slowdown than large companies. They have also kept debt problems under check, says R Vasudevan, Senior Director, Crisil Ratings – SME. Q: How many SMEs does Crisil rate? Are the ratings driven by statutory requirements? If not, why seek ratin…
Online sales extravaganza helps sellers rake in crores
Festive sale across platforms like Amazon, Flipkart and Snapdeal are helping sellers rake in big mullahs with hundreds of them clocking over Rs 1 crore a day from the sales extravaganza. Snapdeal said 37 sellers crossed the turnover of Rs 1 crore each on day 1 itself, while Amazon said nearly 100…
Haryana formulates public procurement policy for MSMEs
Haryana Government has formulated a public procurement policy for Micro, Small and Medium Enterprises (MSMEs), state Finance Minister Abhimanyu said on October 2nd. He said that the policy would help promote MSMEs by improving their market access and competitiveness through increased participatio…
MoU with World Bank to set up training centres for MSMEs across India: Haribhai Parthibhai Chaudhury
The Union Ministry for Micro, Small and Medium Enterprises (MSMEs) has signed a Memorandum of Understanding (MoU) with the World Bank for investing Rs 2,200 crore to set up training centres for MSME sector across India by 2017, Minister of State for MSME, Haribhai Parthibhai Chaudhury said at an …
SME body demands separate Ministry in states for sector
Vadodara: An industry body of Micro and Small enterprises has sought for a separate ministry in states to address issues related to sector. The annual general meeting of the Laghu Udhyog Bharti (LUB) will be held on September 25 wherein issues related to the national MSME policy, GST and FDI will…
Banks advised to push cash flow-based lending to MSMEs
In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is “not as per expectation“, a senior government official has said. “Overall credit growth to the MSME se…
MSME Secy urges small companies to focus on substituting imports
Substitution of imports can be a major propeller of growth of small and medium enterprises, MSME Secretary K K Jalan said on September 19, singling out toys manufacturing as an example. The government’s foremost interest in development of Micro, Small and Medium Enterprises (MSMEs) is emplo…