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MSMEs urged to leverage opportunities to grow into larger enterprises; IT Secretary
Benefiting from the AI revolution and improving productivity may also involve retrofitting existing manufacturing facilities.Read more
India to boost funding for energy efficient technologies for MSMEs
Some of these technologies could include automation and control systems for optimal resource utilisation and loss reduction, combustion control systems for boilers, pocket ventilation systems, air-dyeing technology, and methane capture technology, among others. Read more
TDF schemes to encourage 'Aatmanirbharta' in public & private defence industries
So far, 77 projects have been sanctioned to various industries, with a commitment of over Rs 3 billion.Read more
MSMEs ask for Rs 50 billion export boost in Union Budget
The goal is to increase the number of active exporters and enable at least 300,000 to 400,000 first-time MSMEs to promote Indian products globally.Read more
60 pharma firms enrol under Centre’s scheme to upgrade manufacturing facilities
The scheme gives preference to micro, small and medium enterprises (MSMEs), supporting smaller players achieve high standards.Read more
Focus on incremental reforms
According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more
DBS Bank India & RXIL announce partnership for pre-shipment financing solution
This offering will be particularly relevant for MSMEs and SMEs across India, enabling them to enhance cash flows to fulfil orders even before goods are delivered to buyers.Read more
43% Indian MSMEs to increase digitalisation budget
Vi has launched an enhanced Digital Assessment Tool, both in English and Hindi as an extension of its dedicated MSME program.Read more
MSMEs are poised to play major role in India’s economic growth: Milind Barapatre
In this interaction with Rakesh Rao, Milind Barapatre, IEDS, Joint Director & Head of Office, MSME- Development & Facilitation Office (DFO), Mumbai, explains various pain-points of the industry and the role played by his organisation to facilitate the growth of MSMEsRead more
Section 43B(h): Boon turning into bane
India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more