Search Result for : Manufacturing Processing Machinery

Source: PIB, Government of India The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of May 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. The General Index for the month ...

Jayarama Emani | The Dollar Business Global value chain linkages, be it nationally or internationally (export route) must be promoted as a policy for promotion of MSMEs through fiscal incentives, said an expert. Talking to The Dollar Business, Tamal Sarkar, Director, Foundation for Micro, Small & Medium Enterprises (MSME) Clusters (FMC) said that export orientation brings in fresh ideas. “In most such cases, the firms get integrated to Global Value Chains and enhance their competitiveness through learning, which otherwise would never be available.” He added, “However, if the non-exporting units are divided into those who are producing for local market as against those who are producing for long term buyers with good market reputation, the gap will be narrower or may ...

The Dollar Business Bureau Dr. Anup K. Pujari taking charge as a secretary of Ministry of Micro, Small & Medium Enterprises, in New Delhi on July 01, 2015. Source: PIB, Government of India   Dr. Anup K. Pujari on Wednesday, assumed charge as new Secretary of Ministry of Micro, Small & Medium Enterprises, informed MSME ministry. The new Secretary is an IAS officer of Karnataka cadre and has succeeded former MSME Secretary Madhav Lal, who retired on Monday. The officer of 1980 batch of IAS, was previously Secretary of the Ministry of Mines. He had a long tenure in the Ministry of Commerce and Industry as Director General Foreign Trade (DGFT) from 2010 to 2014. Earlier, Dr. Pujari served as Joint ...

Source: PIB, Government of India. The Union Cabinet chaired by the Prime Minister, Narendra Modi, today gave its approval for the India’s first integrated National Policy for Skill Development and Entrepreneurship 2015. The Policy acknowledges the need for an effective roadmap for promotion of entrepreneurship as the key to a successful skills strategy. The previous National Policy on Skill Development was formulated by the Ministry of Labour and Employment in 2009 and provided for a review after five years to align the policy framework with emerging national and international trends. The vision of the policy is “to create an ecosystem of empowerment by 'skilling' on a large Scale at 'speed' with high 'standards' and to promote a culture of ...

The Dollar Business Bureau The health of Indian manufacturing economy improved in June, but output growth eased on the back of a weaker rise in new business inflows, said an economic survey report released on Wednesday. Workforce numbers remained unchanged during the month, thus, reflecting companies’ efforts to keep expenses stable. However, inflation rates softened with both input costs and output charges rising at below-trend rates, noted the Markit Economics report. Notably, the survey said, “India’s Manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in May to 51.3 in June, continuing ‘above the 50.0 no-change index mark’ for the twentieth successive month.” Incoming works expanded at a modest pace in June 2015 recording a weakest pace since September 2014 and work ...

The Dollar Business Bureau In association with the Quality Council of India, FICCI on June 26, 2015 initiated an awareness program about the ‘Zero Defect, Zero Effect’ Maturity Assessment Model. “This initiative is intended to give a major fillip to Prime Minister Modi’s vision to manufacture products with 'zero defect' in terms of quality and with 'zero effect' in terms of environmental impact under the ‘Make in India’ umbrella,” said the industry body in a statement. In his maiden Independence Day speech on August 15, 2014, Modi along with ‘Make in India’ pitched for ‘zero defect zero effect’ strategy giving out a clear message that India manufactured products should meet global standards with zero effect on the environment. FICCI added that the ...

Jayarama Emani | The Dollar Business The recent norms of grouping micro and small with medium enterprises, when it comes to priority sector lending is self-defeating, said an expert. Speaking to The Dollar Business, Tamal Sarkar, Director, Foundation for Micro, Small & Medium Enterprises (MSME) Clusters (FMC) said, “It is well known that banks are prone to support small and medium, an estimated 300 to 400 thousand such enterprises all over India, as compared to 11 million micro enterprises, in the manufacturing sector. The reason is the ease, the collaterals available and the large value loan. Hence at times the same party is financed multiple times too.” “If we are truly interested in lending to priority sector, then it has to ...

Source: PIB, Government of India. The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of April 2015 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board. The General Index for the ...