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The Latest Breaking News from MSMEs

Indian Navy to unveil ‘Swavlamban 2.0’ next week: Vice-Chief

Indian Navy to release 'Swavlamban 2.0' roadmap next week, surpassing target of developing 75 futuristic technologies in partnership with domestic MSMEs and startups. AoN obtained for 12 cases worth ₹1,500 crore; products worth ₹200 crore already signed. Fire-fighting suit and bot developed, export queries from other countries.

The Hindu

MSMEs suspended operations pressing for demands

MSMEs in Tiruchi suspended ops Mon as part of State-wide stir to press for withdrawal of hike in fixed power & peak hour charges. Fabrication units participated in strike. Cost of production up due to hike in power charges. Strike near total in Tiruchi district. Govt to meet industries assoc.…

The Hindu

‘We will be finished’: Modi manufacturing plan squeezes small Indian firms

Incentives to big manufacturers aimed at challenging China are threatening small businesses, India’s economic backbone.

Al Jazeera

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‘Financial literacy absent among most MSMEs in Karnataka’

Financial literacy is literally absent in a majority of Micro, Small and Medium Enterprises (MSMEs) in Karnataka, said C.A. Shashidhara Shetty, president, Karnataka Small Scale Industries Association (KASSIA).

The Hindu

All for small: On focus on the small enterprises

G-20 Ministers must strive to help MSMEs and integrate with global value chains as empowering them translates to societal empowerment

The Hindu

EESL CEO meets Chief Secretary, appreciates Andhra Pradesh’s energy efficiency initiatives

EESL CEO Vishal Kapoor met Chief Secretary K.S. Jawahar Reddy to discuss EMS to meet climate-change goals. Jawahar suggested EE tech for MSMEs to foster innovation and progress. CM Y.S. Jagan Mohan Reddy committed to advancing MSMEs by introducing latest tech. Kapoor stressed the need for MSMEs to embrace innovative…

The Hindu

PM Modi seeks level playing field for smaller e-commerce players

Prime Minister Narendra Modi, in his opening address to the G20 Trade and Investment Ministerial summit, said it was the collective responsibility of these 20 nations to rebuild confidence in international trade and investment processes as the world economy has been tested by the COVID-19 pandemic and geo-political tensions.

The Hindu

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Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

Bangkok Post

Bristol businesses to benefit from £5m export support programme

The Institute of Export and International Trade says greater export for MSMEs is needed

Birmingham Post

Digital transformation must improve user experience and organisational behaviour, firms told

With technology emerging as an essential part of business, it is important for MSMEs remodel their business

The Hindu

Power tariff: Stakeholders oppose steep hike, want it rescinded

The hike in power tariff owing to Fuel Adjustment Charges (FAC) introduced by Chamundeshwari Electricity Supply Corporation (CESC) has evoked a sharp response from the Federation of Organisations and Associations of Mysuru (FOAM) representing various businesses and traders groups in the city.

The Hindu

Lenders demand access to utility bill data

The Thai Bankers' Association (TBA) plans to continue its push for the incorporation of data from utility bills into the National Credit Bureau (NCB) database as an alternative source for banks to consult when extending loans to the underbanked segment.

Bangkok Post

Focus on promotion of MSMEs as they generate employment, CM tells officials

Jagan wants special wing to ensure grounding of units approved by investment promotion board

The Hindu

KCCI urges Centre to amend Insolvency and Bankruptcy Code in the interest of MSMEs

President of KCCI M. Ganesh Kamath writes letter to Union Minister for Finance Nirmala Sitaraman seeking amendment

The Hindu

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The Hindu

MSME imports hit after rupee’s free fall against greenback

Import bills of micro, small and medium enterprises have gone up at least 20% to 25% in the last over six months, say trade bodies

The Hindu

Kerala’s draft industrial policy promises incentives aimed at attracting investments

Kerala's new draft industrial policy is aimed at attracting investments, promoting employment generation, and fostering entrepreneurship

The Hindu

Singapore-based company signs MoU with SKU to launch digital skills enhancing programme for youth

ANANTAPUR

The Hindu

Tamil Nadu power tariff hike: bolt from the blue

The recent hike in electricity charges has sent shock waves among the consumers and entrepreneurs alike. While officials have defended the increase, emphasising that it won’t affect the poorer sections, the public have renewed calls for better meters, improved services, and a reversion to the monthly billing cycle

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Bangkok Post

Thai traders join halal boom

Muslim population growth and trust in halal-certified foods are creating new opportunities in the world's halal food market for Thai halal food traders, say exhibitors.

Bangkok Post

Apec business chiefs back SMEs

PHUKET: Twenty-one Asia-Pacific Economic Cooperation (Apec) members have agreed on a plan to help micro, small and medium enterprises (MSMEs) as well as startups gear up to adopt the bio-circular green (BCG) economic model.

Bangkok Post

Minister eyes quick aid for small firms

Deputy Prime Minister Supattanapong Punmeechaow has stressed the need to speed up help for micro, small and medium-sized enterprises (MSMEs) that are still reeling from the impact of Covid-19, as the move can stimulate efforts to restore the pandemic-ravaged economy.

The Hindu

Tamil Nadu has the third largest vendors on Government e-Marketplace

It stands third behind Maharashtra and Uttar Pradesh

Bangkok Post

Business sector preps Apec proposals

Key business people are preparing to propose five-point recommendations, including the long-delayed Free Trade Area of the Asia-Pacific (FTAAP), which is part of regional economic recovery plans, to 21 leaders of the Asia-Pacific Economic Cooperation (Apec) when they meet in Bangkok later this year.

The Hindu

SIDBI to refinance Andhra Pragathi Grameena Bank for improved credit flow to MSMEs

APGB is the first Regional Rural Bank to enter into partnership with Small Industries Development Bank of India in Andhra Pradesh.

Bangkok Post

Empowering SMEs

2022 has seen an "unprecedented confluence" of challenges for businesses across the world, from the protracted Covid-19 pandemic, economic slowdown and heightened inflation to geopolitical uncertainties. Small and medium enterprises (SMEs) globally are among those hit hard by such an unfavourable environment.

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Supattanapong Punmeechaow

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