Share List TLI Staff New Delhi: Amid slowdown in major advanced economies and geo-political crisis affecting trade, Engineering Export Promotion Council (EEPC) of India has proposed to the government to withdraw export duty on certain steel products, provide cheaper export finance to MSMEs and a dedicated production-linked incentive (PLI) schemeContinue Reading
Share List TLI Staff New Delhi: Engineering goods exports from India crossed US$ 8 billion for the third time in the last four months. Even as most product segments saw strong demand, aircraft and spacecraft parts were among the two panels that dipped marginally in June 2021. While engineering goods exportsContinue Reading
Share List TLI Staff New Delhi: Central ministries and CPSEs under their control have been asked to front-load capital expenditure and ensure clearance of MSME’s dues at earliest. In the 6th review meeting on capex and infrastructure roadmap, Finance Minister Nirmala Sitharaman also asked them to push asset monetization. DuringContinue Reading
Share List TLI Staff New Delhi: Private firms engaged in manufacturing of engineering items could grab a bigger piece of the rail PSU’s procurement pie. As part of the government plan to cut imports of goods that could be produced locally, PSUs under the administrative control of Railways ministry haveContinue Reading
Share List Nirbhay Kumar New Delhi: Coming on their feet gradually from pandemic-induced economic upheaval, country’s micro, small and medium enterprises (MSMEs) have high hopes from the Union Budget 2021. They want the government to release pending incentives on account of exports, additional credit support and further easing of GSTContinue Reading
Share List TLI Staff New Delhi: With the Union Cabinet clearing the purchase order for 73 LCA Tejas Mk-1A fighter aircrafts and 10 LCA Tejas Mk-1 Trainer aircrafts at the cost of Rs 45,696 crore, MSMEs in the defence sector are set to get the much-needed shot in the arm.Continue Reading
Share List TLI Staff New Delhi: Grappling with a host of problems which got accentuated during pandemic, micro, small and medium enterprises (MSMEs) could tap e-commerce for growing their exports and also become part of the global supply chain by building on their capability. The government on its part wouldContinue Reading
Share List TLI Staff New Delhi: Seen as laggard in embracing new technology, micro and small and enterprises (MSEs) are making big strides in going digital to shore up their sales in pandemic times. A survey among firms with less than Rs 25 crore annual turnover has found that theContinue Reading
Share List TLI Interview MSME sector, considered backbone of the economy, was under distress even before pandemic dealt body blow to the economy. The massive disruption in supply chain has triggered a reset in business and economy. Federation of Indian Micro and Small & Medium Enterprises (FISME) President Animesh SaxenaContinue Reading
Share List Parmita Uniyal New Delhi: Pandemic-hit micro, small and medium enterprises (MSMEs) could be the worst nightmare for banks and indeed a ticking time bomb. The number of firms facing challenges in repaying loans to banks rose 96% in the half year period ending March 2020, the pre-Covid period.Continue Reading