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Government announces creation of a dedicated defence and aerospace SME fund

Secretary, Department of Defence Production, MoD, Dr. Ajay Kumar announced recently the creation of a dedicated defence and aerospace SME fund, registered with SEBI where minority stake could be taken by investors.Read more

BEL achieves landmark turnover of more than Rs 100 billion

State-owned Navratna Defence PSU Bharat Electronics Limited (BEL) has achieved the landmark turnover of more than Rs 100 billion (Provisional & Unaudited) during FY 2017-18Read more

Collaborative robots - India and the future of manufacturing

Through the collaborative robots (Cobots), it is possible for humans and robots to be inter-dependent and focus on what each of them does best, safely says Pradeep David. Industrial Automation has always been part of manufacturing industry on limited basis. Over the past few decades automation has become a necessity in manufacturing industry due to global competition. This has helped in efficient manufacturing processes and in mass- production of goods.Read more

PN International (KARAM group) bags an award for Global SME of the Year

PN International, KARAM Industries - a leading Personal Protective Equipment (PPE) manufacturing enterprise bags the ‘Global SME Of The Year’ award at the 10th edition of ‘The Emerging India Awards’ hosted by ICICI Bank and CNBC-TV18. The ceremony held at Taj Lands End, Mumbai was graced by stalwarts of the political and the business world, including Chanda Kochhar, MD & CEO, ICICI Bank; Bhaskar Pramanik, Former Chairman, Microsoft India; Sunil Sood, MD & CEO, VodafoneRead more

Brexit will hit SMEs particularly hard, says VDMA

The withdrawal of the UK from the EU will create new barriers to trade. VDMA is in favour of a customs union with the UK to keep the impact as low as possible.Read more

Blockchain tech can resolve inefficiencies in India's current trade finance system

Implementing digital technologies such as blockchain, artificial intelligence (AI), machine learning and robotic process automation can resolve inefficiencies in our current trade finance system, and make the process efficient at the bank’s, buyer’s, seller’s, as well as the SME’s/MSME’s end, noted a recent ASSOCHAM-Deloitte joint study.Read more

Shortage in supply of ‘Carbon Black’ causes crisis in rubber industry

An acute shortage of the Carbon Black –a major raw material needed for the manufacture of rubber products has caused the crisis in Indian non-tyre rubber industry.Read more

Budget 2018: A big booster to SMEs

According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more

Change in classification norms for MSMEs to boost growth

The Cabinet’s decision to change the criteria for classification of micro, small, and medium enterprises (MSMEs) from ‘investment in plant and machinery’ to ‘annual turnover’ is likely to give a boost to SMEs sectorRead more

Budget to give boost to MSMEs: IEEMA

Indian Electrical & Electronics Manufacturers' Association (IEEMA) has welcomed the Budget 2018-19 stating that it will give a boost SMEs and help create employment.Read more

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