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Trade war, rising protectionism to hurt Indian MSMEs

Export-oriented industries, particularly in sectors like iron and steel, machinery and metal products, chemicals and agricultural goods, are likely to take a hit, says FICCI's Economic Outlook SurveyRead more

Easing norms for MSMEs in IBC to speedy up resolution: Rashesh Shah

According to FICCI President, while keeping errant promoters out of the bidding process for their companies is critical, it is also equally important to give a fair chance to the genuine promotersRead more

France’s Trigo & CII to support SMEs in aerospace sector

France-based Trigo Group has started its aerospace cluster development program in cooperation with the Confederation of Indian Industry (CII) to uplift quality standards and production of India’s small and medium enterprises (SMEs).Read more

SMEs: Riding the digital wave for prosperity

The manufacturing sector in India has the potential to become a trillion dollar industry by 2020. With the support of the government initiatives such as Make in India & Digital India and the innovation in technology, SMEs have a great prospect to cash-in on the opportunity, says Umesh Modi.Read more

Aye Finance disburses Rs 700 crores loans to MSMEs

The Gurgaon-based FinTech has disbursed 60,000 loans and emerged as a leading MSME lender in India.Read more

YES Bank introduces an industry first GST backed OD facility for MSMEs through ‘YES GST’

YES Bank, India’s fourth largest private sector bank, announced the launch of ‘YES GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this first-of-its-kind, industry first initiative, an MSME can avail OD up to Rs 10 million, based on their annual turnover, backed by GST returns.Read more

Universal Robots Showcases ‘Cobots’ at AeroDef India 2018

Universal Robots showcased their products at AeroDef India 2018. The Expo was held at the Bombay Convention and Exhibition Centre, Goregaon from February 22 – 24, 2018. Universal Robots are the leading manufacturers of advanced user-friendly and light industrial robotic arms from Denmark. Their latest technological advancement is collaborative robots or ‘Cobots’ were introduced to the international market with a unique intention, which is in line with Industry 4.0. They have Read 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

North-East industrial development policy to incentivise MSMEs

In order to promote employment in the North East States and incentivise the MSME (micro, small & medium enterprises) sector, the Union Cabinet has approved the North East Industrial Development Scheme (NEIDS), 2017 with financial outlay of Rs 30 billion up to March, 2020.Read more

Proposal to amend the classification of MSMEs gets green lit by the Union Cabinet

The Union Cabinet has approved the Ministry’s proposal to amend the Section 7 of the Micro, Small and Medium enterprises Development (MSMED) Act, 2006 to change the criteria of classification of MSMEs from ‘investment in plant & machinery/equipment’ to ‘annual turnover’Read more

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