Almost fourteen months after becoming Defence Minister, and after missing numerous self-imposed deadlines, Manohar Parrikar announced the contours of the Defence Procurement Policy of 2016 (DPP-2016), which will guide military acquisitions after it is promulgated in another two months. The policy…
Tag: MSMEs
MSME sector in Tamil Nadu sore over delay in flood relief measures
Industry associations representing micro, small and medium enterprises from the flood-hit areas in Tamil Nadu lamented the continued delay in disbursement of financial support from the government, banks and insurance companies. At an interactive session organised by the Southern India Chamber of …
Make MUDRA Independent: CAIT
The Confederation of All India Traders (CAIT) has urged Finance Minister Arun Jaitley to free Mudra from the clutches of Reserve Bank of India by bringing in necessary legislation in Parliament. Mudra should be made an independent regulator to effectively cater to the financial needs of non corpo…
ARCIL to focus on loan recovery from retail borrowers, SMEs
In a strategy shift, Asset Reconstruction Co. (India) Ltd (ARCIL) has decided to focus on recovering loans from retail borrowers and small and medium enterprises (SMEs), while looking at mid-sized companies on a selective basis. Vinayak Bahuguna, managing director and chief executive officer of t…
Pune start-up develops mobile app for SMEs
EPPS Infotech, a new-age start-up in the ERP (enterprise resource planning) business has launched its indigenously developed a mobile ERP platform solution for Small and Medium Enterprises (SMEs). It is targeting sales revenues of Rs 100 crore over the next three years. The Pune-based company has…
‘MAKE IN INDIA’ to prove a boon for Pharma | Suresh Pareek, MD, Ideal Cures
“In my opinion, the ‘Make in India’ initiative will slowly and gradually prove to be a boon for Indian pharma companies. India is the third largest market for pharma globally and India exports 20 per cent of the global generic pharma products. In the past years, a couple of reasons have bee…
‘MAKE IN INDIA’ needs to focus on MSMEs | BR Sikri, Co-Chairman – FOPE
MSMEs are considered the backbone of any country, it supports the nation in its economic growth. India also has a great pride in its industrial growth, which is aided by MSMEs. Unfortunately, MSMEs, particularly in the pharma category, has not been treated well. Otherwise this segment has the pot…
MUDRA made a bank under SIDBI to lend to small units
To ensure more money for micro and small enterprises, the Union Cabinet on Wednesday approved conversion of Mudra Ltd (Pradhan Mantri Micro Units Development Refinance Agency), into a bank, besides the setting up of two credit guarantee funds. The two funds will cater to loans disbursed under the…
FISME pre-budget suggestions to Finance Ministry
Union Finance Minister Arun Jaitley met the representatives from the industry bodies yesterday to hold pre-budget consultation with them. Federation of Indian Micro and Small & Medium Enterprises (FISME) wanted inter-state GST should precede full-fledged roll out of the game changing indirect…
MSMEs still awaits GST to overcome taxation complexities
Indian Micro Small and Medium Enterprises are demanding adequate measures from the government to protect them from competition from the neighboring countries, especially China. The industrialists have been complaining since long about the complex tax structure in the country. To add to their prob…