New Delhi, July 9 (IANS) The Quality Council of India and the National Small Industries Corporation Limited signed a five-year memorandum of understanding (MoU) to establish a collaborative ecosystem aimed at strengthening quality, competitiveness and market access for micro, small and medium enterprises (MSMEs) across the country, an official statement said on Thursday.The partnership will combine QCI’s expertise in accreditation and certification with NSIC’s extensive MSME support network …
Latest MSMEs News & Updates
Mumbai, July 9 (IANS) India’s private credit market is set for sustained expansion over the coming years, driven by growing awareness, regulatory support, digital innovation and rising demand for alternative financing, industry leaders said on Thursday. Speaking to IANS on the sidelines of IVCA Private Credit Summit 2026 here, they said private credit is emerging as a mainstream asset class that complements traditional bank lending, particularly for startups, MSMEs and mid-market businesses seek…
Guwahati, July 9 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday said the state has witnessed a sharp increase in the number of registered Micro, Small and Medium Enterprises (MSMEs), asserting that the sector has emerged as a major driver of employment generation and economic growth. In a post on social media platform X, Sarma said Assam currently has 17.29 lakh registered MSMEs operating across various sectors and stressed that the government aims to further expand the ecosystem.”T…
New Delhi, July 8 (IANS) Punjab government has signed a memorandum of understanding (MoU) with NICDC Logistics Data Services Limited (NLDSL) to accelerate the digital transformation of the state’s logistics ecosystem through the Unified Logistics Interface Platform (ULIP), an official statement said on Wednesday.NLDSL will support the Government of Punjab in developing a digitally connected logistics ecosystem by enabling seamless data exchange across departments through ULIP, the statement fr…
Guwahati, July 8 (IANS) Assam Chief Minister Himanta Biswa Sarma on Wednesday announced a major policy initiative to promote entrepreneurship, saying small, non-polluting enterprises in the state will no longer require government approvals to commence operations during their first three years. The Chief Minister said the move is aimed at improving the ease of doing business by reducing regulatory hurdles and allowing entrepreneurs to focus on building their ventures instead of navigating bureauc…
New Delhi, July 7 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 4,11,497 guarantees since its launch, with the guaranteed amount reaching Rs 1,55,229 crore — a sign of the scheme’s rapid absorption across the lending ecosystem, the government said on Tuesday.The scheme, approved by Union Cabinet on May 5, 2026, is delivering fast, large-scale liquidity support to businesses affected by the West Asia geopolitical situation.The scheme is designed to provide risk mitiga…
New Delhi, July 6 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that artificial intelligence (AI) and digital technologies can play a transformative role in empowering MSMEs, startups, exporters and local businesses, while highlighting the need for stronger collaboration to drive innovation-led and technology-driven growth.The minister shared that he met a delegation from Google led by Vidhya Srinivasan, Vice President, Ads & Commerce, and Preeti Lobana, Vice Presid…
Guwahati, July 6 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said the state Budget, to be presented later this week, will chart the government’s economic roadmap for the next five years, with a strong emphasis on implementing the commitments made in the BJP-led alliance’s election manifesto. The budget session of the Assembly began on Monday, and this will be the first budget after the BJP-led alliance came to power in the state for the third consecutive term. Talking to reporters …
Ahmedabad, July 5 (IANS) The Adani Group on Sunday announced that it will invest Rs 2,500 crore over the next three years to establish an integrated missile manufacturing ecosystem in Shivpuri, Madhya Pradesh. The facility, described as South Asia’s largest private-sector missile ecosystem, will bring the entire value chain — from raw materials to mission-ready missile systems — under one roof.Speaking at the foundation stone-laying ceremony, Adani Enterprises Director Jeet Adani said the proj…
New Delhi, July 4 (IANS) Union Minister for Communications and Development of North-Eastern Region (DoNER), Jyotiraditya M. Scindia will lay the foundation stone on Sunday for Adani Group’s Rs 2,500 crore defence manufacturing plant in Madhya Pradesh’s Shivpuri district, a project expected to strengthen the state’s position as an emerging defence manufacturing hub.The project is aligned with Prime Minister Narendra Modi’s ‘Aatmanirbhar Bharat’ and ‘Make in India’ initiatives and is aimed at boos…