New Delhi, March 7 (IANS) Artificial intelligence (AI) has the potential to contribute $135.6–$149.9 billion to the value creation journey of manufacturing MSMEs by 2035 — under a scenario where MSMEs account for 50 per cent of India’s gross manufacturing value added, a report showed on Saturday.According to the joint report by PwC India and the Observer Research Foundation (ORF), if India succeeds in increasing manufacturing’s share of GDP to 25 per cent, and MSMEs raise their contributio…
Latest MSMEs News & Updates
Mumbai, March 6 (IANS) Maharashtra’s outgo towards salaries, pension and interest payment during 2025-26 will be a record Rs 3,12,556 crore, which will be more than 50 per cent of the revenue expenditure of Rs 6,06,855 crore. The revenue receipts are estimated at Rs 5,60,964 crore, officials said on Thursday.According to the Economic Survey for 2025-26, the Maharashtra government’s spending on salaries is Rs 1,72,760 crore (28.5 per cent of total revenue expenditure) against Rs 1,46, 037 crore (…
Amaravati, March 4 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Wednesday that the coalition government has restored investors’ confidence in the state and revived the Brand Andhra. Speaking in the Assembly, the Chief Minister said that between 2019 and 2024, the brand AP was severely damaged. According to the RBI report, 913 companies shut downbetween 2019-20 and 2023-24.He claimed that under the present coalition government, Andhra Pradesh has become the destination f…
Thiruvananthapuram, March 4 (IANS) The Union Finance Ministry has approved special assistance of Rs 360 crore to Kerala under the Compliance Reduction & Deregulation (Phase-I) component of the Special Assistance to States for Capital Investment (SASCI) scheme, endorsing the state’s structured push to ease regulatory burdens and improve its investment climate.The amount will be released in a single instalment, marking a significant recognition of Kerala’s reform-led governance model aimed a…
New Delhi, March 4 (IANS) The governments of India and Sri Lanka should collaborate to transform Sri Lanka’s Northern Province into a high‑growth “Frontier Province” through introducing a specialised fast regulatory regime, a report said on Wednesday.A report from the Daily FT called for a ‘Northern Single‑Window Authority’ with powers to grant licences, work permits and environmental clearances within 30 days, along with 5-to-10-year preferential visas for Indian tech professionals.Fu…
New Delhi, March 3 (IANS) The Ministry of Defence on Tuesday signed two major contracts worth Rs 5,083 crore to strengthen the capabilities of the Indian Coast Guard and the Indian Navy. The agreements were signed in the presence of Defence Secretary Rajesh Kumar Singh at South Block in the national capital.Out of the total amount, a contract worth Rs 2,901 crore has been signed with Hindustan Aeronautics Limited for the acquisition of six Advanced Light Helicopters (ALH) Mk-III in the Maritime …
New Delhi, March 3 (IANS) Prime Minister Narendra Modi on Tuesday said that as global supply chains are being reshaped, Indian companies who are making clean and green energy investments will be able to reach better markets worldwide.Addressing a post-budget webinar, PM Modi highlighted that this year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth.“Sustainability, carbon capture, utilisation and storage missions are important steps. Sustainability ne…
New Delhi, March 3 (IANS) Prime Minister Narendra Modi will address a Post-Budget Webinar on the theme “Sustaining and Strengthening Economic Growth” on Tuesday at 11:15 a.m. via video conferencing.The webinar is part of the government’s continued outreach following the Union Budget and aims to focus on turning budget announcements into effective action on the ground.The event will bring together policymakers, industry leaders and other stakeholders to discuss ways to accelerate growth and…
New Delhi, March 2 (IANS) Prime Minister Narendra Modi will address a Post-Budget Webinar on the theme “Sustaining and Strengthening Economic Growth” on March 3 at 11:15 a.m. via video conferencing, an official statement said on Monday.The webinar is part of the government’s continued outreach following the Union Budget and aims to focus on turning budget announcements into effective action on the ground.The event will bring together policymakers, industry leaders and other stakeholders to…
New Delhi, March 2 (IANS) In a major step towards strengthening indigenous capabilities in advanced power electronics, the government on Monday unveiled a 30 kW Wide Band Gap (WBG)-based Integrated Drive System (IDS) for electric vehicles (EVs) at IIT Madras.The system has been developed by the Centre for Development of Advanced Computing (C-DAC), Thiruvananthapuram, in collaboration with Indian Institute of Technology Madras and Lucas TVS under the National Mission on Power Electronics Technolo…