The Indian government has disbursed ₹14,020 crore under its Production-Linked Incentive (PLI) schemes across 10 key sectors, a major push in its plan to boost domestic manufacturing and exports, according to a recent statement from the Ministry of Commerce...
In a significant push to strengthen India’s startup landscape, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Kyndryl Solutions Pvt Ltd to support startups in manufacturing and IT sectors. The collaboration aims...
India’s micro, small and medium enterprises (MSMEs) in the IT and services sector are poised to play a central role in achieving the country’s ambitious $450 billion services export target, according to Union Minister Piyush Goyal. Addressing industry leaders...
India is making major strides in electronics manufacturing, with the country now exporting high-end electronic components to global markets, Union Minister for Railways, Electronics, and IT Ashwini Vaishnaw said in a post on X (formerly Twitter).
Highlighting the government’s push...
The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has submitted its pre-state budget memorandum for 2025-26, calling for investment revival, industrial infrastructure development, and a dedicated MSME policy. The recommendations emphasize the distinct challenges faced by micro...
With the Global Investors Summit in Madhya Pradesh just around the corner on February 24-25, the state government is preparing to roll out a revamped MSME policy aimed at boosting micro, small, and medium enterprises. The Madhya Pradesh Cabinet,...
The Small Industries Development Bank of India (SIDBI) has signed a $100 million credit facility agreement with the French Development Agency (AFD) to enhance green financing for India's micro, small, and medium enterprises (MSMEs). The initiative aims to support...
Around 30-40% of Micro, Small, and Medium Enterprises (MSMEs) across manufacturing, services, and trading sectors plan to increase their workforce in the next quarter. This insight comes from the Small Industries Development Bank of India (SIDBI), which released its...
The Indian government is revamping the Production Linked Incentives (PLI) scheme to provide robust support to Micro, Small, and Medium Enterprises (MSMEs). This comprehensive overhaul includes relaxing fund release norms, adding new sectors to the scheme, and extending benefits...
India's $220 billion chemical industry is struggling under an immense compliance burden. With over 635 compliance requirements each month, growth is severely hampered, especially for MSMEs. Industry sources and analysts express concern over these challenges.
MSMEs Struggle with Compliance
Rishi Agrawal,...
