Public sector defence electronics major Bharat Electronics Limited (BEL) on June 8 announced the ‘Make in India’ programme and indigenisation as major thrust areas. “We are positively contributing to Make in India and our turnover from indigenous technology is 86 percent. We are…
Tag: MSMEs
KVIC to come up with Innovation & Incubation Centres through suitable appropriation of underutilized assets | CEO, KVIC, Arun Kumar Jha
Khadi & Village Industries Commission (KVIC) is gearing up to channelize all its energies for suitable appropriation of all its utterly underutilized assets, spread across the country with an estimated amount of Rs.50,000 crores for setting up of innovation and incubation centre for start ups…
Bihar tops in MSME registrations using UAM
More than 7.9 lakh MSMEs have registered themselves using Udyog Aadhaar Memorandum (UAM) out of which maximum are from Bihar and minimum from the north eastern states. According to the data available on the UAM website, 794,886 MSMEs have registered themselves through UAM. Out of the total units …
Centre to relax labour laws for MSMEs to boost job creation
After start-ups, the Labour and Employment Ministry has moved to relax labour-related compliance measures for Micro, Small and Medium Enterprises (MSMEs), a sector that can play a significant role in boosting manufacturing and making Prime Minister Narendra Modi’s Make in India mission a success.…
Arpwood, Indostar vie for $400m Karvy NBFC
At least two bidders — Arpwood Capital, and Indostar Capital Finance (which is jointly owned by Everstone Capital and Goldman Sachs) — are in the fray to acquire the non-banking finance company (NBFC) Karvy Finance, people directly familiar with the matter said. Karvy Finance is a lender to micro…
Cabinet nod to capital goods policy to cut reliance on imported parts
The Cabinet has approved a first ever national capital goods policy that seeks to reduce reliance on imported equipment by incentivising domestic production and in the process creating crores of jobs The policy seeks to increase production of capital goods from Rs 2.3 lakh crore to 7.5 lakh cror…
State govts lend support to SME platforms
The Small and Medium Enterprises (SMEs) platforms started in early 2012 by the two national bourses, BSE and NSE, to enable smaller companies to list and raise money, have found support from some state governments. The Gujarat and Rajasthan governments have announced subsidies to pay for the expe…
InforTran Brings SME-Focused ERP Solution Including StartUp Packs
Bengaluru based ERP Products and consulting company InforTran focuses on targeting leading SMEs and MSMEs in India though their ERP products and consultation. What makes them unique is they have modules specific for start-up companies also. Sindhu Gopalakrishnan, Principal Consultant, InforTran, …
India moots framework for SME sector cooperation in BRICS
India is working on a mechanism to boost cooperation amongst Small and Medium Enterprises in the five-nation BRICS to promote joint ventures and share expertise on strengthening the sector. New Delhi, which holds the Presidency of the BRICS this year, is drafting a framework for a joint growth st…
Telangana MSMEs seek Centre’s help for revival of sick units due to power woes
The Telangana MSMEs have urged the state BJP President Dr K Laxman to urge the Centre to intervene for Revival and Rehabilitation of incipient Sick Units in MSME Sector and creation of Rs 2000 crore corpus fund for the same. In this regard, the Federation of Small and Medium Entrepreneurs (FSME) …