Latest MSMEs News & Updates

Jaipur, July 4 (IANS) Prime Minister Narendra Modi said on Saturday that India successfully overcame the most severe global energy crisis of the 21st century through timely decisions, strategic planning, and strong diplomatic engagement, asserting that “New India” turned global challenges into opportunities. Addressing a massive public gathering after dedicating the Rajasthan refinery at Pachpadra in Balotra district to the nation and launching multiple development projects worth more than Rs 1….

New Delhi, July 4 (IANS) The government would establish modern testing facilities across toy manufacturing clusters in the country through the Bureau of Indian Standards (BIS), National Test House and other government and semi-government laboratories, Commerce Minister Piyush Goyal said on Saturday, urging industry stakeholders to identify and communicate the testing equipment required to ensure that Indian toys meet the highest quality standards for both domestic and international consumers.The…

Jaipur, July 3 (IANS) Rajasthan’s Leader of Opposition (LoP) Tika Ram Jully on Friday welcomed inauguration of the Hindustan Petroleum Corporation Limited (HPCL) Rajasthan Refinery at Pachpadra in Balotra and urged the Bharatiya Janata Party-led state government to ensure that local youth from Barmer, Jodhpur, the Marwar region, and across Rajasthan receive priority in employment opportunities generated by the project. LoP Jully also called for the establishment of a Manmohan Singh Petroleum Uni…

New Delhi, July 3 (IANS) India must strengthen domestic carbon markets and green finance and help micro, small and medium enterprises meet compliance costs as the European Union’s Carbon Border Adjustment Mechanism (CBAM) reshapes export competitiveness, industry experts said on Friday.An event organised by the PHD Chamber of Commerce and Industry (PHDCCI), here drawing senior government officials, industry leaders and experts to discuss CBAM readiness and industrial decarbonisation.Experts in…

New Delhi, July 3 (IANS) Business loans to individual entrepreneurs grew faster than those to commercial entities over three years even as outstanding commercial credit rose to Rs 65.8 lakh crore, up 14 per cent YoY, a report said on Friday.The report from TransUnion CIBIL and SIDBI said loans to individuals accounted for 28 per cent of outstanding commercial balances while loans to entities made up 72 per cent.Individual borrower balances grew 1.8 times during the three-year period between Marc…

Mumbai, July 3 (IANS) In a major push to tackle plastic pollution and position Maharashtra as a green manufacturing hub, the MahaYuti government has approved the Maharashtra Bioplastics Policy 2026, aimed at promoting bioplastics manufacturing through a comprehensive package of incentives and dedicated funding.The policy, which will remain in force from 2026 to 2031, seeks to transform Maharashtra into a national hub for bioplastics manufacturing, research, innovation and exports. The government…

New Delhi, July 2 (IANS) The government held an industry brainstorming session here to chart a roadmap for strengthening India’s global leadership in the AYUSH sector through innovation, quality, exports and international collaboration, an official statement said on Thursday.Organised in collaboration with the Ministry of AYUSH and the AYUSH Export Promotion Council (AYUSHEXCIL), the session focused on opportunities arising from India’s Free Trade Agreements (FTAs), global branding of AYUSH, exp…

Vadodara, June 30 (IANS) Four defence companies on Tuesday signed memoranda of understanding (MoUs) worth a combined Rs 2,550 crore to invest in Gujarat’s defence sector during a seminar on ‘Atmanirbhar Bharat in Aerospace and Defence’ held as part of the second day of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara. The agreements were signed in the presence of Union Defence Minister Rajnath Singh at Gujarat State Fertilisers and Chemicals (GSFC) University, where…

New Delhi, June 30 (IANS) When India rolled out the Goods and Services Tax (GST) on July 1, 2017, it was hailed as the country’s most ambitious tax reform since Independence. Before that, India’s indirect tax regime was a patchwork of 17 different taxes and 13 cesses levied by the Centre and the states.This fragmented system created inefficiencies, hidden costs, and the notorious “tax on tax” effect that burdened businesses and consumers alike.GST replaced this chaos with a unified framework, em…

Vadodara, June 30 (IANS) Defence Minister Rajnath Singh on Tuesday noted that the rapidly changing geopolitical environment made India’s self-reliance, technological capability and national security increasingly important, describing all three as essential to determining the country’s future global role. Speaking at the valedictory ceremony of the Vibrant Gujarat Regional Conference (VGRC) in Vadodara, Singh said the country’s ambition of becoming a developed nation by 2047 extended beyond econo…