India's food processing sector is poised for significant expansion, projected to reach USD 535 billion by 2025-26, as outlined by Anita Praveen, Secretary of the Ministry of Food Processing. During the FICCI Scientific Symposium on 'Processed Foods for Purpose,'...
The rollout of the Goods and Services Tax (GST) over six years ago under Prime Minister Narendra Modi's administration has left a lasting impact on India's economic landscape, particularly among micro, small, and medium enterprises (MSMEs). As the nation...
The Indian tourism and hospitality sector, embodying the country's rich cultural and natural heritage, plays a pivotal role in its economic growth. This sector, recognized as a key component of the "Make in India" initiative, has been earmarked for...
In the realm of industrial and technological advancements, Haryana is taking bold strides to redefine its position on India's economic map. Traditionally celebrated for its industrial prowess, the state is now embarking on an ambitious journey to become a...
As the manufacturing sector continues to evolve, the MSME Competitive (LEAN) Scheme stands out as a beacon for Micro, Small, and Medium Enterprises (MSMEs) aiming for efficiency and competitiveness in the future. Initiated by Narayan Rane, the Union Minister...
With the clock ticking towards the April 1 deadline, MSMEs are hustling to revise their agreements with traders and buyers in anticipation of the new 45-day payment rule. The lack of deliberation has led to apprehensions among MSMEs regarding...
Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, proudly announces a monumental achievement in the fintech landscape. The platform has successfully enabled MSME Invoice Financing totaling an impressive INR 1 lakh crores. This has solidified its position as...
Kerala’s MSME sector has made a big leap by adding over one lakh ventures for the second consecutive year in 2023-24. This takes the total number of newly set up units to 2,40,396 since the launch of the Year...
March 15, 2024: India's resilience in the face of global uncertainties is exemplified by its robust merchandise exports, which have reached a historic high in the current financial year. Despite challenging economic conditions worldwide, India recorded its highest-ever goods...
Under the visionary leadership of Union Minister of MSME, Narayan Rane, the 16th Governing Council and 15th Annual General Meeting of the National Institute for MSME (Ni-MSME) convened in New Delhi, marking a significant milestone in the sector's development.
Launch...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
