Hyderabad, December 12: Terming Micro, Small and Medium Enterprises (MSME) as the backbone of Indian economy, MSME Minister Nitin Gadkari said the Modi government is now aiming is to increase the MSME sector’s contribution to the GDP to about 50 percent. The existing contribution of the MSME sector to India’s GDP is 30 percent. While […]
Tag Archives: MSME
IIT Kharagpur Develops Portable AI-Based Device to Enable Automatic Inspection of Goods in MSME Sector
Kolkata, December 4: IIT Kharagpur researchers have developed a portable Artificial Intelligence-based device for automatic inspection of goods manufactured in MSMEs. According to a PTI report, the innovation will immensely benefit the micro, small and medium enterprises, which rely on manual checking and face losses when an entire batch is rejected if a few samples […]
Here Are 3 Major Roadblocks on the Path of Indian MSMEs’ Road to Digital Transformation
New Delhi, November 24: Indian MSMEs realised the importance of digitisation amid the coronavirus crisis. Infact, digitisation opened the gates for many local businesses and helped them strengthen their operations and cope better with stressful times. However, there are some roadblocks on the path of Indian MSMEs which needs to be cleared to achieve success. […]
Startup Registrations at GeM Portal Doubles in Past 1 Year Giving a Major Boost to Make in India Initiative
New Delhi, November 21: The startup registration at the Government e-Marketplace (GeM), the public procurement portal, has more than doubled in the past one year, reports said. The registration of the startups have witnessed a spike and has doubled to 7,438 in just one year as they are receiving many orders from government departments and […]
MSMEs Show Signs of Recovery, All Eyes Now on Diwali 2020 to Bailout the Stressed Sector
Mumbai, November 3: The coronavirus pandemic has been extremely difficult on every business, and India’s MSME sector is one of the worst-hit. The sector which has about 70 million enterprises and employs around 110 million people is battered due to the lockdown. From factories being shut down, and freeze in the production, it is the […]
MSMEs in India: Over 11 Lakh MSMEs Registered So Far on Udyam Online System Since July; Here’s How You Can Register Your MSME Online
New Delhi, November 11: As many as 11 lakh MSMEs in India have registered on the new online system of Udyam Registration so far in just less than 5 months. The Udyam Registration was launched in July by the government. Of the 11 lakh MSMEs, as many as 3.72 lakh enterprises have registered under manufacturing […]
Good News! MSME Business Activity Returning to Near-Normal Levels, Tier 2 & 3 Witness Faster Recovery Than Tier 1 Cities
Mumbai, November 4: It comes as a ray of hope amid the pandemic that the business activity of the micro, small and medium enterprises is returning to near-normal levels. According to a report published on PTI, the SMEs are rapidly developing a digital business tool to increase efficiency and growth. The positive sign is that […]
MSME Sector Created 11 Crore Jobs in India, Contributes 30% to Country’s GDP, Says Nitin Gadkari
New Delhi, October 30: The Micro Small and Medium Enterprises (MSME) sector is the backbone of the Indian economy and has created 11 crore jobs so far, MSME Minister Nitin Gadkari said on Thursday. While speaking at the ‘Namaste Bharat Exhibition’, Gadkari said that the MSMEs contribute to the 30 percent to GDP. He said […]
MSMEs Are The Backbone of Economy, Can Help in Boosting Exports, Says Nitin Gadkari
Mumbai, October 29: Micro, small and medium enterprises (MSMEs) are the backbone of the economy and can help in boosting exports, Union Minister Nitin Gadkari said. The MSME minister said at present, the MSMEs are the backbone of the country. While addressing the virtual inaugural ceremony of the 10-day ”Namaste Bharat” exhibition, Gadkari said that […]
COVID-19 Impact: 78% MSMEs and Startups in India Reduced Workforce in Last 8 Months Since Pandemic Broke Out, Says Survey
New Delhi, October 20: Ever since the COVID-19 pandemic broke out in India, as many as 78% MSMEs and startups across the country have reduced workforce in the last 8 months. As per a survey by LocalCircles, only 22 percent startups and MSMEs have the same or increased workforce as compared to the pre-COVID levels. […]