The small and medium units engaged in precision engineering and steel re-rolling should look forward to new business opportunities as the CII (Northern Region) has plans to organise a buyer-seller meet in collaboration with PSUs for the defence sector.

CII (NR) to promote SMEs

Business Standard

At the request of the ministry of micro, small, medium and micro enterprises (MSME), the Federation of Indian Micro and Small and Medium Enterprises (FISME) has kick-started the process of developing a draft law on insolvency and bankruptcy for such enterprises.

FISME kick-starts move to draw up insolvency law

Plastics processors fear that their margins will be hit by 20-25 per cent due to the anti-dumping duty on imports of certain plastics processing or injection moulding machines from China.

Plastics processors fear a squeeze on margins

Regulation 6 of CHA Licensing Regulations, 2004 says that a person who has passed the examination referred to in regulation 8 shall prove to the satisfaction of the Commissioner of Customs that the applicant, or his authorised employee, is a graduate from a recognised university and possesses a professional degree, such as CA/MBA/LLB/Diploma in Customs Clearance work, from any institute or university recognised by the government, with a working knowledge of computers and customs procedures; or is a graduate having at least three years experience in transacting Custom House Agent work as a G-Card holder; or a person who has passed the examination referred to in regulation 8; or is a retired Group &lsquo;A&rsquo; officer from the Indian Customs and Central Excise Service (IC&amp;CES) having a minimum of 10 years experience in Group &lsquo;A&rsquo;.

'Customs can allow re-export without NOC from RBI'

Stainless steel re-roller units in Jagadhri, a metal town in Haryana that is well-known for its aluminum and stainless steel utensils, are a worried lot.

Stainless steel utensil makers face hard times

Bank of Maharashtra (BoM) was recently awarded the Y B Chavan Memorial Award for its support to small and medium enterprises (SMEs) in rural areas. The award was given by Maharashtra Industrial and Economic Development Association &mdash; a think tank that works with the state and Central governments in order to make Maharashtra a preferred investment destination &mdash; during the Maharashtra Economic Summit held in Mumbai last month.

Q&A with Allen C A Pereira

The severe shortage of labour coupled with a two-day power holiday is crippling the limestone (napa stone) industry in Andhra Pradesh&rsquo;s Ranga Reddy district.

Tandur stone industry reels under labour shortage

The Confederation of Indian Industry (CII) has decided to encourage and mentor local entrepreneurship to check urban migration for more balanced growth.

CII plans to mentor local entrepreneurs

A retail store will be soon opened in Chandigarh to showcase products made at the Model Jail.

Prison inmates turn to furniture making

With a jute park having been sanctioned in the Sabbaravarm mandal of Visakhapatnam district in Andhra Pradesh, the jute industry is set to get a boost in the state. The park is proposed to be set up through a public- private partnership at an estimated cost of Rs 100 crore.

Andhra Pradesh to get jute park

From enhancing local products to training programmes, the Khadi and Village Industries Commission (KVIC) is trying to promote cottage industries in Uttarakhand through a multi-pronged strategy.

New schemes to boost cottage industries in Uttarakhand

I refer to notification no. 6/2010-CE(NT) dated 27 February, 2010 allowing full credit of duty paid on capital goods in the first year, if the aggregate value of clearances in the previous year did not exceed Rs 4 crores.

'Large units can avail of credit for duty paid on capital goods'

Indian banks&rsquo; outstanding credit to the country&rsquo;s micro and small enterprises, including manufacturing as well as service enterprises, rose by Rs 55,106 crore or 26.9 per cent during the year ended March 31, 2009 to Rs 2.59 lakh crore.

Bank credit to SMEs up 27% in 2008-09

In a major boost to the domestic Micro, Small and Medium Enterprises (MSMEs), the Centre has decided to reserve 20 per cent of all government purchases for the sector.

Centre to reserve 20% govt purchases for MSME sector

Union Budget 2010 has brought cheers for the 1.2 million-odd Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh.

UP MSMEs hail Budget proposals

Entrepreneurs in the SME (Small and Medium Enterprises) sector in the state have sought a hike in investment subsidy from Rs 10 lakh at present to Rs 15 lakh and also the increase in subsidy cap from Rs 8 lakh to Rs 15 lakh.

SMEs demand hike in investment subsidy

Hundreds of small and medium enterprises (SMEs) in and around Uttar Pradesh&rsquo;s commercial capital are set to expand their reach into markets of more than 48 countries all over the world. The National Small Industries Corporation (NSIC) has begun a business portal to facilitate the expansion of hitherto nondescript SMEs spread across the state.

NSIC launches B2B site for SMEs

An increased focus of network security companies in Gujarat towards small and medium enterprises (SMEs) seems to be a tell-tale sign of things to come in near future. From stray purchases of network security products, SMEs in Gujarat now seem to be moving towards bundled products and unified threat management (UTM) products.

Guj SMEs catch bundled network security bug

The working group set up to review the Credit Guarantee Scheme of the Credit Guarantee Fund Trust has recommended the mandatory doubling of the limit for collateral-free loans to micro and small enterprises (MSEs) to Rs 10 lakh from the current Rs 5 lakh.

Collateral-free loan limit may double

Punjab&rsquo;s hand tool manufacturers, most of them located in Jalandhar and Ludhiana, expect the next fiscal year to be better for the industry.

Punjab hand tool makers expect higher exports

The Union environment ministry&rsquo;s notification requiring importers of brass scrap to register has not gone down well with brass traders and manufacturers.

Jamnagar brass units seek government support

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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