India, Sweden sign pact for MSME growth
Source: PIB, Government of India. The Union Minister for Micro, Small and Medium Enterprises, Shri Kalraj Mishra visited the exhibition stalls, on the occasion of the 60 years of Customer service celebration, in New Delhi on April 13, 2015. The Secretary, Ministry of Micro, Small and Medium Enterprises, Shri Madhav Lal is also seen. Source: PIB, Government of India. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for signing of the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Micro, Small and Medium Enterprises. The objective of the MoU is to promote cooperation between the Micro, Small and Medium Enterprises of the two countries. It ...
Marginal drop in estimates of MSME contribution to Indias exports in FY2013-14
The Dollar Business Bureau The estimated share of MSME (Micro, Small and Medium Enterprises) sector’s contribution in India’s total export for the year 2013-2014 dipped marginally to 42.40% from 43% both for the financial years 2011-12 and 2012-2013. “The estimates were arrived based on the export data maintained by Director General of Commercial Intelligence & Statistics, Ministry of Commerce,” said Giriraj Singh, Minister of State, Micro, Small and Medium Enterprises. The estimated contribution of MSME sector (including service segment) to GDP during 2010-11, 2011-12 & 2012-13 are 36.69%, 37.97% & 37.54% respectively. The estimated contribution of manufacturing MSME output in manufacturing output of the country during 2010-11, 2011-12 & 2012-13 are 38.50%, 37.47 & 37.33% respectively. The total employment in ...