The PHD Chamber of Commerce and Industry (PHDCCI) has called on the Indian government to urgently address a growing GST duty inversion in the polyester textile value chain. The industry body warned that the current tax structure—where raw materials...
The India–UK Free Trade Agreement (FTA) is poised to offer Indian micro, small, and medium enterprises (MSMEs) a competitive edge by granting duty-free access to the United Kingdom’s $23 billion market. The agreement targets several labour-intensive sectors, including textiles,...
India has seen a 44% increase in intellectual property (IP) filings over the past five years, driven by systemic policy reforms, increased digitization, and targeted fee concessions. IP filings rose from 4.77 lakh in 2020–21 to nearly 6.9 lakh...
In a significant move to empower India’s micro, small and medium enterprises (MSMEs), DBS Bank India has waived all prepayment and foreclosure charges for borrowers registered under UDYAM. Announced on MSME Day, the waiver aims to improve financial agility...
Union Commerce and Industry Minister Shri Piyush Goyal has called for a renewed national focus on self-reliance, high-quality skilling, and strategic export competitiveness in a high-level review of India’s Production Linked Incentive (PLI) Scheme. The meeting, attended by all...
Artificial Intelligence (AI) remains significantly underutilised by India's small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in the manufacturing sector. Experts at a recent summit organised by the Bangalore Chamber of Industry and Commerce (BCIC)...
Global Alliance for Mass Entrepreneurship (GAME) and NITI Aayog have announced a strategic partnership focused on building vibrant entrepreneurship ecosystems across multiple states in India. The initiative will begin with pilot sites in Nagpur, Visakhapatnam, and Uttar Pradesh.
The collaboration...
Government think tank NITI Aayog has recommended relaxing eligibility criteria for state-level schemes that offer subsidies on capital and interest for loans, aiming to enhance the competitiveness of micro, small, and medium enterprises (MSMEs) across India. In its report...
India has once again proven the resilience and adaptability of its ecosystem. According to the latest estimates, the country’s total exports—including both merchandise and services—reached $820.93 billion in FY 2024–25, registering an impressive 5.5% growth over the previous year’s...
India’s micro and small enterprises (MSEs) are grappling with a persistent and growing challenge—delayed payments. Despite multiple government interventions and regulatory measures over the years, unpaid dues to MSEs have now crossed a staggering ₹50,000 crore, exposing significant cracks...
