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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

Here are the Union Budget 2018 goodies for the MSMEs

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, a list of measures to help MSMEs and job creation were announced by Finance Minister Arun Jaitley while presenting the last full budget of the current government.Read more

CRISIL, SIDBI launch India’s first MSE sentiment index

The Union Minister for Finance and Corporate Affairs, Arun Jaitley launched CriSidEx, India’s first sentiment index for micro and small enterprises(MSEs) developed jointly by CRISIL and SIDBI. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive).Read more

Budget puts the money where mouth is: ASSOCHAM

Finance Minister, Arun Jaitley has placed a huge emphasis on agriculture and rural India, allocating bulk of resources to interior landscape, while helping the middle class salaried employees along with relief to senior citizens, measures which would boost consumer demand and help revive economic growth, said Sandeep Jajodia, president, ASSOCHAM.Read more

Paisalo launches app for easy loan disbursal to MSMEs

With a vision of empowering the MSME segment and small businesses, Paisalo Digital Limited has launched its app with the same name to accelerate and facilitate 100% digital loan disbursal, creating unique customer experience.Read more

It’s not just about Make in India, but it has to be to make world class products in India

With focus on the themes of quality, safety and environment, to support manufacturing innovation worldwide by unique sensing and controlling technologies, OMRON Industrial Automation is a global leader providing complete automation solutions for industrial applications. It brings innovation to manufacturing sites through automation with integrated, intelligent and interactive concepts.Read more

GST: A structural reform propelling India's growth story with greater compliance

With Goods and Services Tax (GST) becoming operational from July 1, 2017, the whole government machinery is working day & night to ensure smooth roll out and efficiency at every step. While there are no two opinions about the long term benefits of the one-tax regime, there are concerns being raised by the industry with respect to implementation and initial compliance issues. Let’s look at the positive side first.Read more

MSMEs are likely to play a major role in the Machine Tools arena

Rajesh Khanna, Chief Executive, Wendt (India) Limited, shares his perspectives and industry updates on the machine tool sector in India.Read more

A good percentage of MSMEs are using various components of Industry 4.0

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