New Delhi, July 14 (IANS) Union Textiles Minister Giriraj Singh on Tuesday inaugurated Bharat Tex 2026 at the Bharat Mandapam here, marking the commencement of the world’s largest integrated textile value chain event with participation of exhibitors from more than 14 countries including the US, Europe and Japan. In his inaugural address, Giriraj Singh said that Bharat Tex has, within just three editions, evolved into a globally recognised platform for trade, investment, innovation and policy dia…
Latest MSMEs News & Updates
New Delhi, July 14 (IANS) The government on Tuesday said that the first round of negotiations for the India-Maldives Free Trade Agreement (FTA) have been concluded successfully towards expanding bilateral trade and investment engagement.India is the second-largest trading partner of the Maldives. Bilateral trade between the two countries stood at $771.76 million in 2025–26, compared to $679.70 million in 2024–25, registering a growth of 13.54 per cent.According to a Commerce Ministry stateme…
New Delhi, July 14 (IANS) Around 9 crore micro, small and medium enterprises (MSMEs) have been registered under the government’s Udyam Registration Portal and Udyam Assist Platform, providing employment to over 38 crore people across the country, according to an official statement on Tuesday.The two digital platforms have been launched to formalise enterprises, expand access to government support and strengthen the country’s MSME ecosystem, according to a statement from the Ministry of Micro, Sm…
New Delhi, July 13 (IANS) The India-made Nilgiri, Sandhayak and Arnala classes of warships in the Indian Navy fleet reflect the steady evolution of the country’s naval capability and defence manufacturing. The three classes of Naval vessels strengthen surface combat, hydrography and coastal anti-submarine warfare, according to an official factsheet released on Monday.Each class is designed by the Indian Navy’s Warship Design Bureau and built in Indian shipyards. They demonstrate India’s growin…
New Delhi, July 12 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the government’s decision to launch the ‘High-Frequency Economic Barometer’ on July 14, saying it will empower small businesses and accelerate India’s economic growth.The traders’ body described it as a historic and transformative initiative under the visionary leadership of Prime Minister Narendra Modi to make economic governance more modern, dynamic, and data-driven.The Barometer will assess th…
New Delhi, July 11 (IANS) Commerce Secretary Rajesh Agrawal has said that India’s policy framework must provide the predictability and stability required for global value chains to expand their presence in the country.The global electronics industry is increasingly driven by these value chains, he said at Chintan Shivir organised here by the Department of Commerce, to develop policy recommendations for strengthening India’s electronics manufacturing and export competitiveness.He observed that …
New Delhi, July 10 (IANS) The Forum for Internet Retailers, Sellers and Traders (FIRST) — an association of online retailers under the India SME Forum — has approached the Competition Commission of India (CCI) alleging that Flipkart engaged in predatory and discriminatory business practices that distorted competition on its marketplace, according to a report.NDTV Profit reported that according to the complaint, FIRST alleged that Flipkart’s GST avoidance created a pool of nearly Rs 3,000 crore…
New Delhi, July 10 (IANS) The Central government has made it mandatory for all operating Central Public Sector Enterprises (CPSEs) to route settlement of invoices for goods and services procured from Micro, Small and Medium Enterprises (MSMEs) through TReDS platforms authorised by the Reserve Bank of India, an official statement said on Friday.The notification requires CPSEs to disclose details of MSME invoices routed and settled through TReDS as specified by the RBI and to obtain a statutory au…
New Delhi, July 9 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday said he was delighted to interact with the MP LEAD Fellows and hear their insightful ideas, aspirations and commitment towards India’s progress.In a post on X, Goyal said they discussed the transformative journey towards Viksit Bharat 2047, the role of youth in nation-building, and the importance of informed participation in shaping public policy. “The interaction also highlighted the significant contribution of M…
Kolkata, July 9 (IANS) In a development that will come as a shot in the arm for West Bengal, the Quality Council of India (QCI) and the National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MoU) on Thursday to establish a collaborative ecosystem aimed at strengthening quality, competitiveness and market access for Micro, Small and Medium Enterprises (MSMEs) across the country. West Bengal has the largest number of MSME manufacturing units in the country. The …