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[Budget 2020] Budget aims to give boost to MSME sector with number of proposals

MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more

4th IPF Industrial Excellence Awards lauds 19 SMEs from 16 cities

The awards recognise people, processes and products from the SME sector that drive the industry forward to achieve success in a competitive market/Read more

Govt amends interest subvention scheme for MSMEs to give fillip to the sector

The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways, Nitin Gadkari has approved the changes in the Interest Subvention Scheme for MSMEs, in a meeting held to review the functioning of the scheme.Read more

SMEs offer big potential for Lantek

The digital revolution or Industry 4.0 is the next big think for the manufacturing industry. Lantek, a global IT major and a pioneer in the digital transformation of the sheet metal and fabrication industrial sector, is helping companies build smart factories. Read more

ELECRAMA will connect MSMEs to global value chains

With the installed power generating capacity of 365,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer.Read more

Govt approves changes in interest subvention scheme for MSMEs to give fillip to the sector

Post changes, MSME units eligible for GST can now avail the benefits of the scheme with just their GST number (GSTN)Read more

How to create smarter SMEs in manufacturing sector?

Smaller manufacturers can significantly benefit from automation. The need of the hour is to create and communicate frugal automation solutions to these enterprises in order to serve the “Bottom of the Pyramid”, says Vikas Manral.Read more

“SMEs are contributing in making Indian economy strong”

Vibratory equipment, used by many industries for solids handling applications, are designed to operate under heavy loads/impacts.Read more

Atlas Copco unveils energy-efficient air compressors for SMEs

Four of these five newly launched air compressors are developed in India. These new range is aimed at saving energy and is designed for applications in the food processing sector.Read more

ECI Software to acquire Trivest Beheer

Trivest Beheer is a provider of smart vertical software solutions to the SME (small & medium enterprises) manufacturing sectorRead more

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