Page 9 - Msme Sector

MSMEs' input costs rising, but risk to restructured loan book could fall

If MSMEs are unable to pass on input costs to their customers, then units, especially weaker ones, are likely to face difficulties, said a senior executive of a private bank

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

Why India's first high-throughput satellite broadband service is a big deal

The resulting explosion of bandwidth would provide a big boost to commerce in underserved areas

JSW sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW

Existing players will join once penetration crosses single digits: ONDC CEO

In a Q&A, T Koshy, dwells on the network's national road map, challenges in onboarding small retailers, and the value proposition for customers

UP Inc forges tie-ups in Africa, Europe to achieve $1 trn economy target

The 13 thriving business clusters in Denmark are seen having a good potential for joint ventures, import and export, especially for the MSME sector

ONDC to soon open up for beta-testing for public in limited areas

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

Odisha govt plans to set up MSME parks in every district: SC Mohapatra

Odisha government has plans to set up micro, small and medium enterprises (MSMEs) parks in all the 30 districts of the state, a top government official said. MSMEs will get all infrastructure support including land, electricity and water in the districts, chief secretary S C Mohapatra said in a programme here. Odisha Industrial Infrastructure Development Corporation (IDCO) has been given more than Rs 450 crore to develop the required infrastructure in the districts for the purpose, he said at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by Odisha Assembly of Small and Medium Enterprises (OASME) on Sunday. "In the last few years, we saw 30-40% growth in finance to MSMEs by banks which is encouraging. Chief Minister Naveen Patnaik has held two rounds of meeting with bankers in this regard, Mohapatra said in response to entrepreneurs allegation of non-cooperation from banks. Odisha Industries Minister P K Deb said the younger generation must take risk a

Distinguished scientist Samir V Kamat appointed DRDO Chairman: Ministry

The Appointments Committee of the Cabinet has approved Kamat's appointment from the date of his assumption of charge till he attains the age of 60 years

10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Indian Bank inks MoU with SRM University in Andhra to lend up to Rs 50 cr

This collaboration will further strengthen the MSME sector, stated University Registrar Dr. R Premkumar, signing the MoU.

Uttar Pradesh govt seeks to take embassies' help to boost exports

Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc

Yogi 2.0 to showcase MSME bandwidth at UP Global Investor Summit 2023

UP is setting its sights on Rs 10 trillion in fresh investment from domestic and multinational companies at the high-ticket event

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

According to Prime Minister's Office (PMO), the scheme has outlay of around Rs 6,000 crore

PM Modi to launch several schemes on June 30 to ramp up MSME sector

Prime Minister Narendra Modi will participate in the 'Udyami Bharat' programme and will launch several schemes on June 30

Over a quarter of MSMEs lost over 3% market share due to Covid: Crisil

More than a quarter of India's micro, small and medium enterprises (MSMEs) lost over three per cent market share due to the Covid-19 pandemic, said Crisil Ltd on Monday.

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Micro MSME Fintech ARTH raises $2.5 mn from KfW arm, MIT alumni and others

Total funding including from promoters rises to $3.5 million; funds to be used to expand services, enhance tech capabilities

How are power outages affecting small industries in India?

The ongoing power outages are proving critical for small industries, which are already reeling under high input costs and tepid demand. Find out how industries are bearing the brunt of power cuts.

Frequent power disruption over coal shortage in TN now affecting MSMEs

With Tamil Nadu facing unprecedented power disruptions, primarily due to the shortage of coal and other distribution issues, the functioning of small and medium companies in the state are affected.