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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 Pyramidâ€Â, says Vikas Manral.Read more
“SMEs are contributing in making Indian economy strongâ€Â
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