Latest MSMEs News & Updates

Vadodara, May 11 (IANS) Prime Minister Narendra Modi on Monday highlighted education reforms, women’s empowerment initiatives, and community-led development efforts during his address in Vadodara linked to Sardardham programmes.​ Speaking to the gathering, he said institutions like Sardardam are playing a key role in shaping youth careers by providing residential facilities, training, and academic support.​He described such centres as “launching pads for future careers,” particularly f…

New Delhi, May 11 (IANS) The Confederation of All India Traders (CAIT) Secretary General and Member of Parliament Praveen Khandelwal on Monday wrote to Union Railway Minister Ashwini Vaishnaw, urging comprehensive reforms to increase transparency, efficiency and trade-friendliness of rail freight and parcel services.Khandelwal’s letter, sent in line with Prime Minister Narendra Modi’s to use railways for parcel movement, called for dedicated freight facilitation centers for traders and real-…

New Delhi, May 10 (IANS) India is rapidly widening access to advanced scientific infrastructure, space-related laboratories and cutting-edge research facilities across universities and institutions to strengthen innovation-driven learning and emerging technology capabilities among students and researchers, Union Minister of State Dr. Jitendra Singh said on Sunday.Dr. Singh visited Banaras Hindu University and reviewed the Sophisticated Analytical & Technical Help Institute (SATHI), a nationa…

New Delhi, May 9 (IANS) PHD Chamber of Commerce and Industry (PHDCCI) on Saturday welcomed the government’s decision to approve a Rs 5,000 crore emergency credit support scheme for airlines under ‘ECLGS 5.0’ to address the financial and operational stress arising from the ongoing West Asia crisis.Rajeev Juneja, President, PHDCCI, said, “The Government’s swift intervention through the Rs 5,000 crore emergency credit scheme demonstrates strong policy responsiveness towards one of the most cr…

New Delhi, May 8 (IANS) A high-level Nigeria–India Textile Business-to-Business (B2B) engagement and policy roundtable recently took place in Abuja city, aimed at a structured revival of the country’s textile industry and industrial partnership with India, a new report has said.Leading private sector figures and trade partners of both countries outlined a coordinated strategy to drive job growth, exports of Nigeria’s textile sector in partnership with India, the report from This Day Live s…

New Delhi May 8 (IANS) The Confederation of All India Traders (CAIT) on Friday said West Bengal can once again emerge as a major hub of trade, industry and employment if the state gets a transparent and investor-friendly government aligned with Prime Minister Narendra Modi’s economic vision.CAIT Secretary and BJP MP Praveen Khandelwal said the trade and industrial community in West Bengal is now witnessing renewed hope and confidence over the possibility of a BJP-led government in the state.Ac…

New Delhi, May 7 (IANS) India represents one of the most dynamic opportunities in global commerce today, John Furner, President and CEO of global giant Walmart, said on Thursday, adding that they have already sourced more than $40 billion in goods from India.Furner said the company is focused on strengthening entrepreneur and supplier capabilities, raising compliance and quality standards, and helping scale manufacturing so more Indian businesses are ready to export.“This work is expanding eco…

New Delhi, May 6 (IANS) The Office of the Principal Scientific Adviser to the Government signed a Memorandum of Understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday at Kartavya Bhavan here to foster a robust ecosystem for research & development in the country by bridging the gap between industry, academia, and research institutions.The MoU aims to promote research, its translation, and commercialisation, foster strategic partnerships, and s…

New Delhi, May 6 (IANS) India and Vietnam have agreed to further strengthen economic relations and work towards enhancing bilateral trade to $25 billion by 2030, according to a joint statement issued by both countries on Wednesday.The joint statement was issued after talks between Prime Minister Narendra Modi and Vietnam President To Lam, who is on an official visit to India. “The two sides agreed to reinforce cooperation between the two rapidly growing economies at the level of governments and …

New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…