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Tata Technologies and VDIA to set up aerospace & defence centre in Nagpur

The partnership between Tata Technologies and Vidarbha Defence Industries Association (VDIA) will promote the state as an aerospace and defence manufacturing and export hub.Read more

Capital availability a concern for MSMEs: Opinion Poll

While CII CEOs Opinion Poll said that investments and demand are set to grow strongly and capacity utilisation is building up, it raised some concerns on credit availability especially for MSMEs Read more

Trade war, rising protectionism to hurt Indian MSMEs

Export-oriented industries, particularly in sectors like iron and steel, machinery and metal products, chemicals and agricultural goods, are likely to take a hit, says FICCI's Economic Outlook SurveyRead more

Easing norms for MSMEs in IBC to speedy up resolution: Rashesh Shah

According to FICCI President, while keeping errant promoters out of the bidding process for their companies is critical, it is also equally important to give a fair chance to the genuine promotersRead more

Aye Finance disburses Rs 700 crores loans to MSMEs

The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more

YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’

YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more

Universal Robots Showcases ‘Cobots’ at AeroDef India 2018

Universal Robots showcased their products at AeroDef India 2018. The Expo was held at the Bombay Convention and Exhibition Centre, Goregaon from February 22 – 24, 2018. Universal Robots are the leading manufacturers of advanced user-friendly and light industrial robotic arms from Denmark. Their latest technological advancement is collaborative robots or ‘Cobots’ were introduced to the international market with a unique intention, which is in line with Industry 4.0. They have Read more

North-East industrial development policy to incentivise MSMEs

In order to promote employment in the North East States and incentivise the MSME (micro, small & medium enterprises) sector, the Union Cabinet has approved the North East Industrial Development Scheme (NEIDS), 2017 with financial outlay of Rs 30 billion up to March, 2020.Read more

Proposal to amend the classification of MSMEs gets green lit by the Union Cabinet

The Union Cabinet has approved the Ministry’s proposal to amend the Section 7 of the Micro, Small and Medium enterprises Development (MSMED) Act, 2006 to change the criteria of classification of MSMEs from ‘investment in plant & machinery/equipment’ to ‘annual turnover’Read more

Four banks join Invoicemart TReDS platform to facilitate MSME suppliers

Four leading banks - Standard Chartered Bank, Allahabad Bank, Vijaya Bank and Yes Bank, have joined the digital invoice discounting platform Invoicemart - promoted by A. TREDS Ltd (a joint venture between Axis Bank Ltd and B2B e-commerce company Mjunction Services Ltd).Read more

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