Search Result for : Micro

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 ...

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 ...

The Dollar Business Bureau Taking inspiration from Prime Minister Narendra Modi’s 'Make in India' campaign, a number of experts from Defence Industry will explore new avenues for private players in the sector. To deliberate the issue of ‘Make in India’ in defence sector, the Army Institute of Management and Technology (AIMT), Greater Noida will organise a day-long seminar at its campus on May 9, 2015. The seminar – 'Make in India Made Easy- Opportunities and Challenges for Defence Sector' — will bring together an array of experts from the industry, academia and policy makers, a government statement said on Tuesday. Representatives from Defence Ministry, army, corporate sector and business schools will share their views on how to leverage on ‘Make in ...

Jayarama Emani | The Dollar Business World over, micro, small and medium enterprises (MSMEs) are exporting, but as an exporting nation we rank very low as our exports are legible, said Dr. Tamal Sarkar, Director, Foundation for MSME Clusters. Speaking exclusively to The Dollar Business, during a recently held event on ‘Make in India’ by The Federation of Telangana & Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI), Sarkar said, “If not international exports, I will rather look at MSMEs export internally to larger industries. We must promote vendorisation in India, so that MSMEs absorb technologies the way large enterprises do it by collaborating with multi-national companies.” In his presentation, ‘MSMEs and Global Competitiveness - A cluster based approach,’ ...

 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 ...

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 ...

The Dollar Business Bureau “The government will support MSME Clusters for global competitive manufacturing through setting up of 15 new Technology Centres with World Bank assistance, augmenting the 18 existing TCs with new technologies and testing facilities,” Minister of State, Micro, Small and Medium Enterprises, Mr Giriraj Singh. As MSMEs are important part of several values chains, it is expected that they will play an important role in the Government’s ‘Make in India’ drive. The Minister said that his Ministry will rise to the challenge through action plans directed at enhancement of the provision of collateral free credit through creation of state verticals for extending guarantees to the entrepreneurs of particular state with financial support from state governments. Creation ...

 The Dollar Business Bureau Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME), speaking at the MSME symposium   Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME) has said that there exists an immense opportunity for MSMEs to grow in India and has urged stakeholders to build strategies to strengthen India’s MSMEs to match global standards. Speaking at the inauguration of the two-day Symposium on “Growth and Prospects of MSME Sector in Emerging Scenario”, organised by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the Confederation of Indian Industry (CII), Mishra said that the MSME sector has a much larger role to play in the revival of the Indian economy. MSMEs in India contribute ...