by TANVI_MUNJAL | Nov 22, 2023 | Business & Policy, Industry And Cluster, News & Insights
India has a rich heritage in weaving and spinning fibres, dating back to the Indus Valley Civilisation. Over the years, the country has transformed into the world’s second-largest producer of textiles and garments. With a diverse range of segments such as...
by TANVI_MUNJAL | Nov 3, 2023 | Finance & Economy, News & Insights
The Micro, Small, and Medium-scale Enterprises (MSMEs) sector in Coimbatore and Tiruppur districts has exceeded the investment targets set for the upcoming Global Investors Meet (GIM) in Chennai next year. These two districts had a combined target of attracting 26,000...
by DIGITAL MEDIA EXECUTIVE | Feb 14, 2023 | E-commerce, Environment/Ecosystem, Featured, Garment, Import/Export
Micro, small, and medium-sized businesses have a well-established impact on India’s economic development. According to a survey by the Confederation of Indian Industry and consulting firm KPMG, these companies are responsible for approximately 30% of...
by DIGITAL MEDIA EXECUTIVE | Feb 8, 2023 | Articles, Corporate / SME, Sustainability
The Kanpur Dehat has received an investment proposal worth Rs.17000 crore in the investors summit which has to be held in the district on Monday. On this occasion, the minister of micro, small and medium enterprises, silk industry, hand-loom and textile industry,...
by DIGITAL MEDIA EXECUTIVE | Feb 7, 2023 | apparel, Garment, Traditional Textiles - INDIA
Punjab has 87,039 women owned micro,small and medium enterprise (MSME) owner which is the largest for any region so far. This was calculated on the basis of the Udyam registration portal. Whereas, in Haryana, there are appriximatley, 71 womern led MSME. Out of...
by Manali bhanushali | Jun 12, 2021 | Industry And Cluster, News & Insights
Tirupur Exporters’ Association (TEA) has requested Government for the announcement of 10 per cent additional credit assistance of the outstanding as on 29 February 2020 to MSME borrowers covered under ECLGS 1.0 without any precondition for restructuring of the...
by Manali bhanushali | Jun 8, 2021 | Industry And Cluster, News & Insights
Edelweiss Retail Finance Ltd (ERFL) recently announced strengthening its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises (MSMEs). MSMEs can now avail of collateral-free business loans up to ₹50 lakh...
by Manali bhanushali | Mar 4, 2021 | Corporate / SME News, Finance & Economy, News & Insights
The micro, small and medium enterprises (MSME) sector has emerged as the growth engine of the economy and is showing signs of revival after the pandemic-led de-growth in early part of the current fiscal, according to Reserve Bank of India (RBI) governor Shaktikanta...
by Manali bhanushali | Mar 2, 2021 | Industry And Cluster, News & Insights
The Uttar Pradesh (UP) Government has invited Vietnamese players to invest in the textile sector and enjoy the support being offered by the State Government. Easing tax compliance for setting up MSME units in the state, schemes like One District One Product (ODOP) are...
by Manali bhanushali | Feb 25, 2021 | Corporate / SME News, News & Insights
Flipkart recently signed a memorandum of understanding (MoU) with Tamil Nadu micro, small and medium enterprises (MSME) trade and investment promotion bureau (MTIPB) to bring local artisans, weavers, craftsmen and small and medium businesses (SMBs) of the state into...
by Manali bhanushali | Feb 25, 2021 | Corporate / SME News, News & Insights
There has been a revival in bank credit to small businesses driven by public sector banks on the back of the government’s emergency credit line guarantee scheme (ECLGS). According to TransUnion Cibil’s report, credit to small businesses grew twice as fast as advances...
by Manali bhanushali | Jan 29, 2021 | Corporate / SME News, News & Insights
The Karnataka government has signed a memorandum of understanding (MoU) with global e-commerce giant Amazon India to help drive e-commerce exports from the state. As part of the MoU, Amazon is expected to train and onboard MSMEs from the state on Amazon Global...