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MSME body CIMSME requests RBI to extend repayment period under ECLGS
CIMSME urged for extension of repayment under ECLGS 1.0 from three to five years after the moratorium period. It also requested the extension for all MSMEs without any restriction.Read more
World Bank approves $500 million RAMP Program for MSME sector in India
The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more
MSME engineering exporters in India want PM intervention on rising steel prices
The engineering exporters in the MSME segment have sought Prime Minister Narendra Modi's intervention on rising steel prices.Read more
PLI scheme to place India firmly in the global manufacturing value chain
PHD Chamber of Commerce and Industry recently held a Virtual Open House Session on the Implications of Production Linked Incentive (PLI) Scheme on India’s Manufacturing and Trade Competitiveness. Read more
DPIIT recognises 19896 since April 2020
30 States and UTs have announced specific Startup Policies to support startups. Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the greatest number of startups. The sectors which had the maximum registered startups are such as food processing, product development, application development, IT consulting and business support services.Read more
GeM and Indian Railways integration to generate Rs 500 bn opportunity for MSMEs
According to Piyush Goyal, after the integration of Government e-Marketplace (GeM) portal with Railways, there will be Rs 500 billion worth of annual procurement from MSMEs.Read more
Majority Of MSMEs in Pune to recover within next six months: Study
According to a survey conducted by the Pune-based MCCIA, 28% of total businesses will reach the pre-covid recovery in six months. The survey was conducted on 150 businesses of which 72% were MSMEs.Read more
MoPNG signs MoU to set up Compressed Bio Gas plants
This will provide major fillip to the SATAT initiative and help India leap ahead towards a greener tomorrow.Read more
Mumbai-based startup Indra Water develops disinfection system
Indra Water is currently developing a compact version of the disinfection system.Read more
Indian govt notifies second list of 108 defence equipment for indigenisation
The second list lays special focus on weapons/systems which are currently under development/trials and are likely to translate into firm orders in the future. In August 2020, the ‘First Positive Indigenisation’ List comprising 101 items was notified by the Union Ministry of DefenceRead more