Government ready to improve competitiveness of Indian exporters: FM
The Dollar Business Bureau Taking note of the falling exports from the country, Finance Minister Arun Jaitley has agreed to take prompt measures to improve competitiveness for Indian exporters in the international market. The government data shows that India’s overall merchandise export in the first two months of the current financial year has contracted by more than 17% to $44.4 billion as against $53.6 billion registered during the same period a year ago. Trade analysts say that the lack of competitiveness of Indian exporters and their product in the global market is the main factor behind the country’s falling exports. On Friday, a delegation of exporters led by SC Ralhan, President of Federation of Indian Export Organisations (FIEO), met the finance ...
Lean & green pilot project gets underway for 10 MSME units
The Dollar Business Bureau In what could be a game-changer for more than three crore MSMEs (micro, small and medium scale enterprises) in India, UK-based Aston University and Kolkata’s Jadavpur University, supported by the Indo German Chamber of Commerce and the Federation of Small Medium Industries are mulling to introduce lean and green initiatives in small and medium scale industries. The pilot project estimated at a cost of Rs 5.5 crore to be funded both by the universities has included 10 SMEs in West Bengal with whom they will work for one-and-half years. The project will focus on sharing best practices in the supply and value chain and will try to reduce wastes and costs, improve performance with minimal or ...
Employment likely to grow in tandem with growth in MSME sector
The Dollar Business Bureau “With the Ministry of MSME implementing a number of schemes and programmes for the benefit of MSME Manufacturing sector across the country relating to credit, infrastructure development, and technology upgradation, employment in MSME manufacturing segment is growing in tandem with the growth in the number of enterprises,” said Minister of State, Micro, Small and Medium Enterprises, Giriraj Singh. The MSME Manufacturing sector has great potential to create more jobs in the country. As per the results of Fourth All India Census of Micro, Small & Medium Enterprises (MSME) and Economic Census 2005, the number of working enterprises in MSME sector was 361.76 lakhs in the year 2006-07 and was 467.56 lakhs in the year 2012-13 ...
