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CRISIL: Lower oxygen supplies to impact SMEs in key five sectors

These 5 sectors - metal fabrication, automotive components, shipbreaking, paper, and engineering - typically do not have captive oxygen plants and source their need through merchant suppliers for operations such as welding, cutting, cleaning and chemical processes, says CRISILRead more

Government notifies Pre-packaged insolvency Amendment PPIRP for MSMEs

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021 by the President Ram Nath Kovind.Read more

Vedanta’s ‘waste to wealth’ projects boost local MSMEs in Odisha & Chhattisgarh

The company supports over a hundred brick manufacturing MSMEs situated around and beyond its areas of operations with fly ash free of cost to their doorsteps, amounting to nearly 5 lakh metric tonnes per annum.Read more

Raghunandan Saraf: E-commerce is a gamechanger for Indian MSMEs

The e-commerce market in India is anticipated to reach $84 billion in 2021 owing to unprecedented and ever-growing internet users in India. Raghunandan Saraf, Founder & CEO, Saraf Furniture, believes that e-commerce is a catalyst for MSME sector growth.Read more

Nine major reforms to promote MSMEs in Defence

Government has aggressively strived to engage MSMEs and startups with indigenisation programmes with the Defence sector in the last 2 years. Read more

PLI scheme to benefit Indian MSMEs: PM Narendra Modi

Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime MinisterRead more

Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEs”

The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more

India will not become a $ 5-trn economy, if MSMEs remain small: Ram Iyer

In conversation with Rakesh Rao, Ram Iyer, CEO & Founder of Vayana Network, elaborates on trade financing, importance of MSMEs for India's economy and support extended by Vayana Network for ushering growth of MSMEs.Read more

Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs

By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more

Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs

To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more

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