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In Coimbatore, one of the main MSME clusters in the country, price of copper has shot up by almost 75% in the past one year. One kg of copper now costs ₹1,450 as against ₹800-₹900 a kg last year. The prices had touched ₹1,500 a kg earlier in the year and softened only recently. With…
Read More “Spiralling copper prices hit MSMEs in Coimbatore” »
In Coimbatore, one of the main MSME clusters in the country, price of copper has shot up by almost 75% in the past one year. One kg of copper now costs ₹1,450 as against ₹800-₹900 a kg last year. The prices had touched ₹1,500 a kg earlier in the year and softened only recently. With…
Read More “Spiralling copper prices hit MSMEs in Coimbatore” »
The Coimbatore District Small Industries Association (CODISSIA) has urged the State government to classify dry agricultural land as industrial land for better development of both agriculture and industry. In a memorandum to Minister for Industries S. Keerthana, CODISSIA president V. Rangaswamy said parcels of industrial land were reclassified as agricultural and residential land in the…
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Canara Bank Regional Head and Deputy General Manager Mahamaya Prasad Roy speaks at the district level bankers’ committee meeting chaired by Zilla Panchayat CEO Prateek Bayal (to his right) at Rajatadri, Manipal on Monday. | Photo Credit: SPECIAL ARRANGEMENT With complaints that banks are reluctant to finance small and medium industries in Udupi district, Zilla…
Read More “Udupi ZP CEO asks banks to step up lending to MSMEs” »
The ECLGS 5.0 scheme will ensure financial assistance for MSMEs by extending additional credit facilities backed by the Centre’s guarantee, says Minister for NRI Empowerment and Relations Kondapalli Srinivas. | Photo Credit: Special Arrangemnt Andhra Pradesh Minister for MSMEs, SERP, and NRI Empowerment Relations, Kondapalli Srinivas, has welcomed the Centre’s decision to introduce the Emergency Credit…
Read More “A.P. govt. urges MSMEs to utilise ECLGS 5.0 amid West Asia crisis” »
Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of…
The strong focus on MSMEs, including provisions for micro-credit cards and increased refinancing limits, will promote growth. | Photo Credit: File Photo The industry bodies in Karnataka have welcomed the Union Budget presented on Saturday and particularly lauded its focus on small industries. The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) commended the…
Read More “Industry bodies in Karnataka welcome budget provisions” »
The exhibition is being organised in partnership with the Society of Indian Defence Manufacturers. Kolkata: Lieutenant General Ram Chander Tiwari, General Officer Commanding-in-Chief (GOC-in-C) of the Eastern Command of the Army, urged more participation from local Microm Small and Medium Enterprises (MSMEs) from West Bengal in indigenous defence production. Lt Gen Tiwari was speaking at…
Jairam Varadaraj | Photo Credit: The Hindu The world is witnessing unprecedented disruptions and uncertainty. India, however, presents the promise of growth, stability, and opportunities for investment. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation…
Read More “Budget 2024 | Government keeps focus on critical areas” »
Presenting her seventh Union Budget and the first after this year’s Lok Sabha election, Finance Minister Nirmala Sitharaman on July 23 unveiled a flurry of measures aimed at fixing the woes of unemployed youth, small businesses, and the middle class, and sought to strengthen the ruling NDA coalition’s bonds with support for multiple investment projects…