New Delhi, March 21 (IANS) Commerce and Industry Minister Piyush Goyal on Saturday highlighted key achievements of the ministry over the past week, including progress on trade agreements, innovation recognition and export promotion initiatives.Marking two years of the India-EFTA Trade and Economic Partnership Agreement (TEPA), the minister said the pact has begun yielding results, with Iceland investing $30 million in Maharashtra’s fisheries sector.“The agreement has created an investment pa…
Latest MSMEs News & Updates
New Delhi, March 21 (IANS) The second edition of ‘5G Innovation Hackathon 2026’ aims to foster next-generation telecom solutions, seeking to catalyse the development of innovative and scalable solutions leveraging 5G and allied technologies, according to the government.The Department of Telecommunications (DoT) has launched the second edition of its flagship initiative under the ‘100 5G Use Case Labs’ Initiative. The submissions will remain open until April 17. The Hackathon invites part…
New Delhi, March 20 (IANS) MSMEs and start-ups are playing a crucial role in strengthening India’s defence capabilities and safeguarding national interests, Minister of State for Defence Sanjay Seth said on Friday.The National Defence Industries Conclave (NDIC) 2026 concluded in the national capital after two days of detailed discussions on advanced manufacturing technologies and boosting industry participation in defence production.Addressing the valedictory session, Sanjay Seth highlighted t…
New Delhi, March 20 (IANS) The plug‑and‑play industrial development under the Bharat Audyogik Vikas Yojna (BHAVYA) could raise the share of manufacturing in India’s GDP to 25 per cent by 2032, experts said on Friday.ASSOCHAM President Nirmal K. Minda praised the BHAVYA model calling it a historic breakthrough in India’s manufacturing sector adding that a seamless, end-to-end ease-of-doing-business model, from approvals to operations, will meet the aspirations of New India and contribute to…
New Delhi, March 19 (IANS) Defence Minister Rajnath Singh said on Thursday that India must work in a mission mode to emerge as a global hub of indigenous drone manufacturing in the next few years to ensure strategic autonomy, enhance defence preparedness and make the country Aatmanirbhar in view of the present geopolitical uncertainties.Addressing the inaugural session of the two-day National Defence Industries Conclave at Manekshaw Centre here, the minister asserted that the ongoing conflicts, …
New Delhi, March 19 (IANS) Credit demand from micro, small, and medium enterprises (MSMEs) is expected to remain strong, driving India’s projected credit growth of around Rs 26 trillion in FY26, up around 14.3 per cent YoY, a report said on Thursday.Credit growth is projected to moderate 11.3-12 per cent or Rs 23.5 to Rs 25 trillion of incremental growth, in FY27, the joint report by ICRA Limited and ASSOCHAM said.The moderation is viewed as a normalisation following a high base in the previou…
New Delhi, March 19 (IANS) India’s small and medium enterprises (SMEs) are rapidly transitioning into global contenders, due to India’s free trade agreements (FTAs) and their focus on digital transformation, said Khagen Murmu, Member of the Parliamentary Standing Committee on MSMEs, on Thursday.At a ‘Global SME Conclave’ organised by ASSOCHAM, Murmu highlighted the transformative impact of FTAs with the UAE and Australia, as well as ongoing engagements with the European Union (EU).“These a…
Jaipur, March 18 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma stated that industry and investment are the primary drivers of economic prosperity, and that entrepreneurs, while expanding their own enterprises, are also accelerating the growth of Rajasthan’s economy. He noted that the State Government has created a conducive industrial environment through continuous policy reforms, enabling Rajasthan to script a new chapter in industrial development.Appealing to entrepreneurs, Sharma urged …
New Delhi, March 18 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Bharat Audyogik Vikas Yojna (BHAVYA) with an allocation of Rs 33,660 crore for developing 100 plug-and-play industrial parks across the country — aimed at accelerating economic growth and creating more jobs.The scheme aims to develop world-class industrial infrastructure, unlocking the country’s manufacturing potential and driving India’s growth story, according to an official st…
Amaravati, March 12 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that the government is considering the proposal to establish an Electronics City near Hindupur.CM Naidu also announced that a Creative City will be established in Amaravati to encourage content creators, AI, film and creative industries, aiming to boost the creative economy in the state.Addressing the district Collectors’ conference on the second day, he stated that the government is developing …