MSME

MSME

Cochin Shipyard With Over 50 MSMEs To Upgrade INS Beas

Opportunity India Desk Oct 17, 2023 - 3 min read

The Ministry of Defence has signed a contract worth INR 313.42 crore with Kochi-based Cochin Shipyard Limited (CSL) for mid-life upgrade and re-powering of warship 'INS Beas'. The project would involve more than 50 MSMEs and would lead to generation of employment for more than 3,500 personnel. 'The transformative maiden re-powering ...

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Five Critical MSME Growth Blockers And Ways To Get Past Them

Opportunity India Desk Oct 16, 2023 - 7 min read

Micro, small, and medium enterprises (MSMEs) are often heralded as the driving force behind India's economic growth engine. These enterprises collectively contribute a substantial 30 per cent to India's GDP, with over 63 million active businesses throughout the nation. In addition to their economic significance, MSMEs play a pivotal role in ...

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Kerala Govt Rolls Out Insurance Cover For State MSMEs

Opportunity India Desk Oct 13, 2023 - 3 min read

The MSME sector in Kerala has received a significant boost with the introduction of a comprehensive insurance scheme by the state government. The initiative aims at safeguarding these businesses from a spectrum of risks, fostering confidence, and enabling them to flourish in a competitive business environment. The Department of Industries and ...

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MSMEs Gear Up For USD 13 Billion E-Commerce Opportunity This Festive Season

Opportunity India Desk Oct 13, 2023 - 4 min read

MSMEs operating in non-metro cities are experiencing a surge in Diwali orders this year, leaving behind their counterparts in metro cities. The e-commerce opportunity for country’s MSMEs during the festive season could reach a staggering USD 13 billion, said a report. Tech-enabled logistics platform and unicorn, Shiprocket’s analysis indicates that e-commerce is gaining significant momentum, ...

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IMF hikes India's growth forecast to 6.3 per cent

Opportunity India Desk Oct 11, 2023 - 3 min read

India's economic growth remains strong, with a projected 6.3 per cent growth in both 2023 and 2024. The optimistic forecast for 2023 reflects a notable 0.2 percentage point upward revision, mainly due to stronger-than-expected consumer spending from April to June, said the International Monetary Fund in its World Economic Outlook report.

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68% Of 635 British Firms In India Are MSMEs with nearly 6.67 Lakh employees: Report

Opportunity India Desk Oct 10, 2023 - 4 min read

Approximately 68 per cent of the 635 UK-based companies operating in India fall under the category of micro, small, and medium enterprises (MSMEs). Notably, 60 per cent of these UK-affiliated MSMEs are headquartered in London, according to the findings of the ‘Britain Meets India 2023’ research, jointly conducted by Grant Thornton and the ...

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CGTMSE Empowers 76 Lakh MSEs With INR 5 Lakh Crore Cumulative Loan Guarantee

Opportunity India Desk Oct 10, 2023 - 3 min read

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has approved a cumulative guarantee of INR 5 lakh crore, benefiting 76 lakh MSEs, according to the Ministry of Micro, Small and Medium Enterprises (MSME). “Congratulations to CGTMSE Officials for reaching the remarkable milestone of approving Cumulative Guarantees of INR ...

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Green Hydrogen Is A Promising Alternative For Accelerating India’s Energy Transition: RK Singh

Opportunity India Desk Oct 09, 2023 - 5 min read

India and Saudi Arabia have signed a Memorandum of Understanding (MoU) in Riyadh on Sunday in the fields of Electrical Interconnections, Green/Clean Hydrogen and Supply Chains. The MoU was signed between the visiting Union Minister for Power and New & Renewable Energy, Government of India, Shri R.K. Singh and the Minister of Energy, Government of ...

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A Series Of New Collaborations Announced To Support Women Entrepreneurs In Goa

Opportunity India Desk Oct 09, 2023 - 2 min read

The inaugural edition of the Women Entrepreneurship Platform (WEP) – NITI Aayog State Workshop Series on Enabling Women-led Development through Entrepreneurship was organized at CSIR-National Institute of Oceanography (NIO) Auditorium, Goa. The workshop was held in collaboration with the Government of Goa with a focus on the western region of the country. A series of ...

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RBI Retains Repo Rate At 6.5%, Keeps Eye On Inflation

Opportunity India Desk Oct 06, 2023 - 4 min read

The policy repo rate under the liquidity adjustment facility (LAF) remained unchanged at 6.50 per cent, as decided in the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting on Friday. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting ...

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