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World Bank approves $500 million RAMP Program for MSME sector in India
The $500 million Raising and Accelerating Micro, Small and Medium Enterprise (MSME) Performance (RAMP) Program is the World Bank’s second intervention in this sector, the first being the $750 million MSME Emergency Response Program, approved in July 2020 Read more
World Bank steps up during Covid 19 with financing approvals exceeding $100
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman stated this during the 103rd Meeting of the Development Committee Plenary via video conferencing recently. Read more
Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEsâ€Â
The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more
IMTMA supports Indian machine tools for MSME tool rooms
Recently, for tenders - floated by MSME Ministry for acquiring CNC machines, measuring instruments and accessories - none of the Indian machines were selected. Now, IMTMA has requested the government to reconsider offers submitted by Indian manufacturers.Read more
Inefficient logistics impacting competitiveness of Indian products
Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more
Container handling equipment market worth 8.75 billion USD by 2025
The increasing containerised trade across the world, stringent emission regulations for container handling equipment, and strong demand in Asia Pacific and the Middle East would fuel the demand for container handling equipment.Read more
