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The Latest Breaking News from MSMEs

Unorganised sector contracted 0.2 pc since FY16, claims Jairam Ramesh citing India Ratings report

"Unorganised sector contributes 44+% to India's Gross Value Added (GVA). The unorganised sector grew at 7.4% Compound Annual Growth Rate (CAGR) between FY11 and FY16, but has suffered an average yearly contraction of 0.2% since then," the senior Congress leader said. Read further on Dynamite News:

Dynamite News

Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor

Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural development.

The Hindu

A bag full of wishes: Ahead of the Lok Sabha polls T.N. voters look for fulfillment of multiple demands

Tamil Nadu's key election issues include Cauvery water, farm profits, power tariffs, AIIMS, NEET, and industrial challenges.

The Hindu

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The never-ending woes of MSMEs in Tamil Nadu

MSMEs in Tamil Nadu demand government support for relief, infrastructure, and taxation reforms to revive the struggling sector.

The Hindu

Centific, nStore and SASTRA team up to provide supply chain solutions to MSMEs

The global digital solutions provider, Centific teamed up with nStore and SASTRA University to revolutionise the global supply chain landscape for micro, small and medium enterprises (MSME) leveraging the Open Network for Digital Commerce (ONDC)

The Hindu

Medtronic opens expanded R&D facility in Hyderabad, to ramp up hiring

Medtronic expands Engineering and Innovation Center in Hyderabad, investing over $350 million to shape future healthcare technologies.

The Hindu

IIT Madras, Walmart to help MSMEs with AI, IoT

IIT Madras and Walmart collaborate to train MSMEs in AI and IoT technology for sustainable growth.

The Hindu

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Powerloom weavers in Salem and Erode to go on strike on February 28 to protest I-T rules amendment

Powerloom weavers in the major weaving clusters in Tamil Nadu will go on strike on Feb 28 against the recent amendment to Income Tax rules

The Hindu

"BrahMos will be our primary weapon now," says Navy Chief after Rs 19,000 crore deal cleared by Center

Indian Navy Chief Admiral R Hari Kumar on Monday said that the Brahmos supersonic cruise missile will be the primary weapon of the Indian Navy, replacing the old missile system acquired from other countries. Read further on Dynamite News:

Dynamite News

Power bills: CESC asked to give rebate to MSMEs

MYSURUKERC Chairman asks CESC to extend power bill rebate for MSMEs, warns of penalties if not provided.

The Hindu

MSMEs complain about repeated flooding, Minister says he will hold meeting with them

MSMEs in Chennai and its surrounding districts suffer from flooding in industrial estates, with little done to address the issue. Losses of ₹30-160 crore have been reported, and the government is holding meetings with insurance firms and bankers to help. Solutions are needed to prevent further losses.

The Hindu

Cyclone Michaung | MSMEs in Chennai seek time to repay loans, electricity charges

MSMEs need time to pay electricity charges & moratorium on loans. TN govt should include losses in relief fund & find permanent solution for estates. Tangedco has given time till Dec 18, & human chain protest planned for Dec 12 now on Dec 27. #MSMEs #TNGovt #Tangedco #ElectricityCharges #Moratorium #ReliefFund

The Hindu

Industries slowly resume operations, MSMEs continue to stay away from work

MSMEs in Chennai and surrounding regions remain closed due to flooding. Many factories operated with 50% workforce as workers in flood-affected areas could not commute. TN Small & Tiny Industries Association requested assistance from CM as losses run into crores. Automobile firms resumed ops, offering 50% discount on insurance claims.…

The Hindu

Networking charges for rooftop solar energy panels discourage investments, say industries

Industries in Coimbatore say networking charges for rooftop solar energy discourage investments. Tangedco collects Rs. 1/unit from HT consumers, while MSMEs recently got a 50% reduction. 6,000 MW of solar energy installed in TN, with 1,000 MW added yearly. MSMEs want nil charges for rooftop solar, but HT consumers have…

The Hindu

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The Hindu

MSME vendor development programme: Experts call for greater industry-academia collaboration

MSMEs urged to collaborate with academia to produce industry-ready engineers; customer-centric business model stressed for growth; MSMEs should focus on export to benchmark against world's best. #MSMEs #Academia #Industry #Customer-Centric #Export #Growth

The Hindu

Tangedco to not collect peak hour charges from MSMEs till installation of smart meters

Tamil Nadu MSMEs to receive ₹196.1 crore subsidy from Tangedco for non-collection of peak hour charges till smart meters are installed. Fixed charges increased by 430%, network charges levied for rooftop solar energy systems. MSMEs protesting, forming human chains on Dec 4. Open-end spinning mills on strike since Nov 7,…

The Hindu

Proposal for double property tax on buildings without plan approval will hit MSMEs in Karnataka

Kassia urged the Karnataka government not to take up proposals that hamper growth of MSMEs in India.

The Hindu

Ability of MSMEs to adapt to changing environment triggers innovation: Rajnath Singh

Small industries have been showing ability to adapt to the changes more easily than large industries and it is the adaptability of small industries which increases the possibilities of innovation, said Defence Minister Rajnath Singh on Thursday while inaugurating the ‘India Manufacturing Show’ in Bengaluru.

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The Hindu

Minimum wage issue: Trade bodies urge govt. to go against appeal on HC order

Trade bodies urge Karn. govt. to appeal HC order on min. wages; seek meeting with CM. FKCCI, BCIC, KASSIA, PIA ask for revision up to ₹31,000/month, fear MSMEs may have to shut down. Request CM to intervene, convene meeting to resolve issue.

The Hindu

How a climate-proofed MSME sector can drive Tamil Nadu’s EV leadership

The Hindu

Chamber urges Niramala Sitharaman to ensure early completion of projects in A.P.

Finance Minister Nirmala Sitharaman responded favourably to the appeals of AP Chamber of Commerce & Industry Federation for key projects in the State. Issues such as air connectivity, Vande Bharat sleeper trains, food processing sector, GST on naturally dried chillies, Oil Palm Board, bulk drug park, TCS on overseas travel…

The Hindu

DMK keen on protecting corrupt Ministers: BJP leader Annamalai

BJP's K. Annamalai accuses ruling DMK of protecting Ministers with corruption charges. He claims power tariff in TN is highest in India, hurting MSMEs. He also alleges Mahalir Urimai Thogai benefits few and TASMAC won't be closed due to DMK's vested interests.

The Hindu

Power cuts will hit MSMEs’ domestic, exports delivery commitments: trade bodies

MSMEs in Karnataka face bleak outlook due to power cuts; trade bodies urge govt. to buy additional power & promote renewable energy to reduce burden on main grids.

The Hindu

Tamil Nadu Government appeals to MSMEs not to get ‘instigated’

TN govt appeals to MSMEs protesting electricity charges; TNERC recommends tariff revision; MLAs move call attention motion to highlight need for govt intervention.

The Hindu

MSMEs in Tamil Nadu to continue protests against high power costs

MSMEs in Tamil Nadu will stage protests on October 4 against high power costs. Talks with Tamil Nadu government on September 29 did not yield results.

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