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Saturday, April 27, 2024

Latest News

India’s Food Processing Sector Eyes $535 Billion Growth by 2025-26

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,'...

GST Woes for MSMEs: A Crucial Election Issue

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...

Tamil Nadu MSMEs Call for Urgent Action Ahead of Lok Sabha Elections

In the vibrant industrial landscape of Tamil Nadu, Micro, Small and Medium Enterprises (MSMEs) stand as the linchpin, driving economic growth and innovation. Yet, as the Lok Sabha elections loom, these critical players are rallying for relief and reforms...

Haryana Set to Transform into a Biotech Powerhouse in India

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...

45-Day Payment Rule: MSMEs Prepare for Impending Deadline

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 Facilitates INR 1 Lakh Crores in MSME Invoice Financing

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...

MSMEs in Kashmir: NIT Srinagar Leads Awareness Programme

In a significant endorsement of the critical role played by MSMEs in bolstering employment, the National Institute of Technology (NIT) Srinagar recently spearheaded an extensive awareness campaign. The week-long programme aimed at sensitizing MSMEs in Kashmir concluded successfully. It...

CM Yogi Adityanath Spurs Local MSMEs, Ousts Chinese Products

In a notable stride towards supporting micro, small, and medium enterprises (MSMEs), the Uttar Pradesh government, led by CM Yogi Adityanath, has announced the rollback of land conversion charges imposed on industrial activity over agricultural land. Efforts to Boost Local...

Land Conversion Policy Reforms: Relief for MSMEs in UP

In a significant step to support micro, small, and medium enterprises (MSMEs), the Uttar Pradesh government has decided to roll back land conversion charges for industrial activities on agricultural land. This move is expected to provide relief to thousands...

MSME Exports: Charting a Path to International Success

Micro, small, and medium enterprises (MSMEs) constitute a vital component of India's economic framework, contributing significantly to employment and GDP. However, despite their importance, only a fraction of enterprises are actively engaged in MSME exports, presenting a considerable untapped...

Latest News

MSME Loan Schemes 2024: Empowering Growth and Sustainability

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India's economy, contributing significantly to GDP, employment generation, and...