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India's new machinery safety rules to affect over 150,000 manufacturers

The MSME sector, which contributes about 30% of India's GDP and over 45% of exports, is voicing concerns and seeking an extension of the deadline.Read more

Eknath Shinde inaugurates Maharashtra's first semiconductor manufacturing unit

The plant would employ around 400 people and announced that RRP Electronics plans to invest an additional Rs 245.38 billion in the coming days.Read more

NXP Semiconductors to invest over $1 billion in India for R&D

The country's semiconductor market is projected to reach $63 billion by 2026.Read more

Centre unveils $15 billion blueprint to establish India as a major chip hub

As part of the new blueprint, the government plans to reduce the capital expenditure subsidy for assembly and testing plants (ATMP/OSAT) from the current 50% to 30% for conventional packaging technologies, and to 40% for advanced packaging technologies. Read more

MSMEs' contribution to the GDP

As on 16.07.2024, the total employment reported by the MSMEs on the Udyam Registration Portal (since 01.07.2020 to 16.07.2024) is 203.9 million(including informal micro enterprises registered on Udyam Assist Platform).Read more

JRS Pharma partner with Gujarat Microwax for cotton-based croscarmellose sodium plant

This manufacturing plant, is located in Mehsana and marks their fourth manufacturing facility in India.Read more

The MoRD and MoMSME join hands to empower Lakhpati Didis through several schemes

The SoI will strengthen the partnership between the two ministries to support and elevate SHG Didis in entrepreneurship, leveraging MoMSME's flagship initiatives such as Yeshaswini- Apna Udyam, Apni Pehchaan, Udyam Assist, etc.Read more

Zen Mobility launches new pod variants- ThermoFlex and LoadMax

Equipped with cutting-edge technologies such as telematics, IoT integration, geo-fencing with remote vehicle locking, trip data monitoring, and battery state-of-charge (SOC) tracking, these variants are the result of extensive customer feedback and trials.Read more

Tata Technologies, Microsoft & Tata Motors for InnoVent hackathon

Apart from cash prizes and paid internship opportunities being offered by Tata Technologies, top projects will also receive complimentary access to Microsoft Azure Sandbox and mentorship from experts at Tata Technologies and Tata Motors, emphasising real-world application.Read more

Why MSMEs want a review of Section 43B(h)?

Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more

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