Rammohan, country head, SME banking of IndusInd Bank, on the prospects for the sector's growth.


There is no further room for innovation

Business Standard

DEPB EXTENSION: The proposed move will bring some relief but may not lead to export growth.

It`s status quo for Punjab exporters

Only vehicles registered in the name of a specified service provider can get Cenvat credit.


Motor vehicles not covered

Duty waiver in this year's Budget offers relief to small biscuit-makers.


Biscuit makers get relief

Given the lower interest rates abroad, now smaller companies are also raising foreign currency loans.


The ECB rush

Industrial and Financial Reconstruction Association for Small and Tiny Enterprises (IFRASTE) and National Confederation of Small Industry (NACOSI) have come down heavily on the policy prescriptions

MSE package inadequate

IMTEX: Indian machine tool industry targets 35 per cent growth rate by 2015.

Galloping growth

SPOTLIGHT: Realtor Atul Chordia is all set to inaugurate India's first convention centre.

Pune`s convention man

Dell is planning to introduce additional service offerings for its home and small business (HSB) customers in India. It had recently announced the launch of Dell Connect  remote tech-support services

Dell eyes home businesses

Go for alternative computing solution that reduce maintenance costs.


Thin is in for SMEs

SPECIAL STATUS: The government will draw up FDI guidelines for minor investors and set up an exclusive park for overseas units.

Bengal set to attract FDI

As Madhya Pradeshs small and medium units are coming out of the red, lobbying has begun for special schemes for ancillary industries. 


MP units demand special schemes

We are manufacturers of fruit pulp and we purchase our raw material, i.e., mangoes, without paying sales tax, as sales tax is exempted on mangoes. We purchase other raw material, i.e., citric acid

Cenvat credit a matter of policy

INVESTMENT: Indian textile businesses are increasingly investing in IT infrastructure.

Textile units get IT savvy

The lock industry of Aligarh is stagnating, primarily due to the lack of investment and growing competition from Chinese locks. 


China locks out Aligarh units

INFRASTRUCTURE: With the Himachal government starting development work in Baddi finally, the town will soon offer world class facilities.

Baddi set for a new look

The growing popularity of LPG has put paid to the hopes of Nutan stove makers in Madhya Pradesh.


Nutan no more

We are manufacturers, exporters and traders in steel items. Our turnover from the export business is around Rs 4 crore and local sales exceed Rs 2crore, of which scrap sales constitute roughly 50

Cable operators not exempt from service tax

Under the post-export EPCG duty credit scheme, do we have to apply for the EPCG authorisation before export, or after export? Also, can we pay the duty through the Status Holder Incentive Scrip (SHIS)? As per notifications 5/2013-Cus and 6/2013-Cus both dated 18.02.2013, application for EPCG authorisation should be filed before import. Also, the EPCG authorisation should be obtained and got registered with Customs before import. If the authorisation is a zero duty variant, you should obtain the authorisation before 31.3.2013 and complete imports before 31.12.2013. It is the duty credit that is granted as remission of basic customs duty paid that you can claim after exports, in proportion to the export obligation fulfilled. The notifications say that the said authorisation is not for import under duty exemption but for import of the goods specified in the Table 1 annexed to the notification on full payment of applicable duties in cash. Therefore, you cannot pay the duty under the scheme

'EPCG authorisation must be registered with Customs before import'

Union Budget 2013-14 has evoked mixed reactions from the micro, small and medium enterprises (MSME) sector. The Federation of Indian Small, Micro and Medium Enterprises (FISME) said it was disappointed that the proposed investment allowance at the rate of 15 per cent for manufacturing companies that invest in plant and machinery during the period April 1, 2013 to March 31, 2015 is restricted to large companies.For a company to avail of the benefit, the investment has to be more than Rs 100 crore. Why are MSMEs excluded when the finance minister was so eloquent about their contribution to job creation and industrial production, it asked.It said allowing continuance of non-tax benefits to MSMEs for three more years after they cross the MSME threshold addresses the concerns of multi-brand retailers. They had expressed concern that fulfiling the 30 per cent sourcing target from MSMEs was untenable, as most MSME suppliers would cease to be MSMEs once they are equipped with the needed plant

MSME body welcomes Budget proposals, selectively

Each could garner business worth as much as Rs 3,000 crore

Private firms set up industrial parks to meet SMEs' demand

SME: Find all the latest news on Small and Medium-Sized Enterprises in India. Explore more for the top headlines about SME sector on Business Standard.

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