by Manali bhanushali | Mar 10, 2021 | Industry And Cluster, News & Insights
The Gujarat government will set up two mega textile parks to enable forward and backward integration in the sector, it announced while the state budget was presented yesterday. The parks will be set up as part of the union budget announcement of setting up seven such...
by Manali bhanushali | Dec 16, 2020 | Corporate / SME News, Featured, News & Insights
Industry body CII and Amazon India on Wednesday signed a pact to increase export potential of micro, small and medium enterprises (MSMEs) in 10 states and help them leverage e-commerce to boost domestic trade. As part of the memorandum of understanding (MoU), Amazon...
by Manali bhanushali | Dec 16, 2020 | Corporate / SME News, News & Insights
Tax paying Indian micro, small and medium enterprises (MSMEs) with nil liability will no longer require to log on to the goods and services tax (GST) website to file their returns. They can instead do that through an SMS to help reduce their compliance cost, according...
by Manali bhanushali | Dec 11, 2020 | Corporate / SME News, Industry And Cluster, News & Insights
Endorsing India’s continuing rise as a global hub of manufacturing, Walmart has announced that it will triple its exports of goods from India to $10 billion each year by 2027. The expansion in sourcing will include helping develop hundreds of new suppliers in...
by Manali bhanushali | Dec 11, 2020 | Corporate / SME News, News & Insights
Amazon.in and CII have signed a memorandum of understanding (MoU) to bring the benefits of e-commerce to micro small and medium enterprises (MSMEs) in 10 states across India. Amazon.in and CII will work closely with the ministry of MSME to enable lakhs of MSMEs across...
by Manali bhanushali | Dec 10, 2020 | Corporate / SME News, News & Insights
The role that India’s micro, small and medium enterprises (MSMEs) play in the country’s economic growth is evident. The sector, with over 60 million functional units, employs around 110 million people and contributes a little less than 30% to the country’s economic...
by TEXTILE VALUE CHAIN | Nov 21, 2020 | Industry And Cluster, News & Insights
Due to the lockdown and the ongoing pandemic, millions of India’s labor force migrated back to their hometowns and villages. This mass exodus has caused a labor shortage in organizations across India. While India doesn’t have data on the labor force population in the...
by TEXTILE VALUE CHAIN | Sep 28, 2020 | Industry And Cluster, News & Insights
Only half of the targeted micro, small and medium enterprises have benefited from the government’s Emergency Credit Line Guarantee Scheme even though banks and non-banks have asked for the scheme to be broadened. Of the 4.5 million MSMEs eligible for relief under the...
by Preeti Bhimte | Aug 4, 2020 | Covid 19, Industry And Cluster, News & Insights
To help the economy recover from the disruption took place due to lockdowns states are being encouraged to promote MSME. Uttar Pradesh government will set up industrial parks for micro, small and medium enterprises (MSME) in six of its most industrialised districts....
by Millionaires | Jul 10, 2020 | Industry And Cluster, News & Insights
The first blow was demonetisation; then came the Goods and Services Tax (GST); and now the COVID-19 crisis seems to be the final blow. Surat, known as India’s cloth city, was somehow able to limp back to health after the first two. But the third looks like...
by munimji | Jun 29, 2020 | Finance & Economy, News & Insights
According to the Global Alliance for Mass Entrepreneurship, about 6 crore micro small and medium enterprises need immediate relief ranging from short-term liquidity to simple compliance. It is also said that one-third of these small scale business could become extinct...
