Telangana Government has introduced a new prototyping facility in Hyderabad to initiate product innovation. The government launched T-Works in the presence of manufacturing giant Fox Conn’s Chairman Young Liu. The innovation and research facility will provide prototyping platform to...
The Micro, Small, and Medium Enterprises MSME yatra sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play a crucial role in providing large employment opportunities...
Government schemes to provide security, technology support for Indian MSMEs
The Government of India developed the concept of Micro, Small, and Medium Enterprises (MSME), which is controlled by the Ministry of MSME and classifies businesses that are involved in the...
MSME’S to face liquidity crunch on lack of efficiency, management, workplace conditions
Micro, small, and medium-sized enterprises (MSMEs) play an important role in our country’s economic growth because they generate a considerable number of job opportunities in every corner of...
India has been actively involved in businesses, trade, and forming association since as early as Indus Valley Civilization. And guess what, the ancient Indian merchants formed guilds (Shrenis) to regulate businesses and trade. These guilds not only focused on...
The share of Micro, Small and Medium Enterprises (MSMEs) to exports to Russia and Ukraine during the last three years is as follows:
For more information also read: https://smeventure.com/what-the-indian-msme-sector-is-expecting-from-the-union-budget-2022-23/
Value in USD Million
India’s Export
2018-19
2019-20
2020-21
Value
Value
Value
Selected commodities (MSMEs) to Russia
1432.53
1819.41
1548.27
Total export to Russia
2389.62
3017.75
2655.84
%...
Ministry of MSME, through Khadi and Village Industries Commission (KVIC), has taken various new measures for the development of Khadi and Village Industries (KVI) and creation of more self- employment opportunities in the country. Details of such initiatives are...
India’s Finance Minister Nirmala Sitharaman tabled the Union Budget for the fiscal year 2022-23 in the parliament yesterday. So far, the budget has received mixed responses being applauded by a few but frowned upon by others.
What do industry experts...
Finance Minister Nirmala Sitharaman is set to present her fourth Union Budget on February 1, 2022. With just a few days left for the very important day in the financial calendar, we take a look at what India Inc....
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has initiated a project on Open Network for Digital Commerce (ONDC). The task has been assigned to Quality Council of India (QCI). ONDC aims at...
The Indian government’s public procurement portal, Government e-Marketplace (GeM), has recently signed a landmark agreement with the Sikkim government....
