New Delhi: Indian exporters have sought priority shipment facilities for local micro, small and medium enterprises (MSME) as transhipment of Bangladesh‘s export cargo to third countries through the Delhi Air Cargo complex is causing delays, inflating freight expenses. The Noida Apparel Export Cluster (NAEC), where 80% of the apparel production and export units are MSMEs, … Read more
More than two lakh Micro, Small and Medium Enterprises (MSMEs) have been started in the State under the Industries department’s entrepreneurship year initiative with a total investment of ₹12,537 crore and creating 4.3 lakh jobs, Industries Minister P .Rajeeve has said. Addressing a press conference here on Friday, Mr. Rajeeve said as on December 29, … Read more
The Department for Promotion of Industry and Internal Trade (DPIIT) is hand-holding states and central government sellers like handicraft emporiums to gradually integrate with Open Network for Digital Commerce (ONDC), a senior official said on Monday. ONDC is an initiative of the DPIIT to create a facilitative model to help small retailers take advantage of … Read more
India will push for creation of an Artificial Intelligence based portal at the G20 that will house various data on supply chains that will particularly aid MSMEs in the developing world. “An international body such as the UNCTAD could house it”, a senior government official said. The discussions are at initial stages but the attempt … Read more
The government aims to convert 1,000 Micro, Small and Medium Enterprises (MSMEs) into ventures having ₹100 crore turnover each, under the Mission 1000 project, Minister for Industries P. Rajeeve said here on Saturday. He was speaking after inaugurating an MSME Summit jointly organised by the Industries department and the Institute of Chartered Accountants of India. … Read more
The budget discourages large companies from delaying payments to micro, small and medium enterprises (MSMEs) for supply of goods and services, as these small businesses have been kept at the centre of the government’s development goals, finance minister Nirmala Sitharaman said on Friday. “The company that doesn’t clear the bill can’t claim offset (for that … Read more
New Delhi: The government is giving the final shape to a Merchant Credit Card (MCC) Scheme for traders and a Vyapar Credit Card (VCC) for microunits, in a move aimed at giving them further credit support, officials in the know said. While the VCC may offer an interest-free credit period of up to 50 days … Read more
Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more
Nearly all the MSMEs in the country this fiscal would be surpassing the revenues they achieved in the pre-covid level, but their operating profits may be well below the 2019 levels as they are not able to pass on the commodity price increases, said ratings firm Crisil. Almost all the MSMEs are expected to cross … Read more
The economic growth is expected to rebound on the back of rapid vaccinations, a recovering monsoon, thrust on infrastructure investments by the government and growth in exports, Niti Aayog vice-chairman Rajiv Kumar said, adding consumption is likely to recover in the third and fourth quarter of the fiscal. Kumar further said that despite downward revision … Read more