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SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more
Energy progress report: world lag effort in achieving sustainable energy goals
The report ‘The 2023 edition of Tracking SDG 7: The Energy Progress Report’ warned that current efforts were not enough to achieve the SDG 7 on time. Global energy access gap persists: 675 million people were without electricity in 2021, says report.Read more
IFC to invest Rs 600 cr in M&M’s new electric three-wheelers company
Funding to help electrify the country’s last mile mobility and boost penetration of electric three-wheelers, supporting India’s climate goalsRead more
Atmanibhar Bharat: Revolutionising manufacturing industry
India’s manufacturers have a golden opportunity to make the best of the increasing demand in India along with the multinationals’ aspiration to diversify their production in an effort to include low-cost plants in countries. This would grow the manufacturing sector significantly by 2025 and also create million domestic job opportunities, writes Shreegopal Kabra.Read more
Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEsâ€Â
The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more
IMTMA supports Indian machine tools for MSME tool rooms
Recently, for tenders - floated by MSME Ministry for acquiring CNC machines, measuring instruments and accessories - none of the Indian machines were selected. Now, IMTMA has requested the government to reconsider offers submitted by Indian manufacturers.Read more
Inefficient logistics impacting competitiveness of Indian products
Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more
Container handling equipment market worth 8.75 billion USD by 2025
The increasing containerised trade across the world, stringent emission regulations for container handling equipment, and strong demand in Asia Pacific and the Middle East would fuel the demand for container handling equipment.Read more