MSME

MSME

US Apples Re-enter Indian Market, Import Jumps 40 Times In 3 Months

Opportunity India Desk Dec 13, 2023 - 3 min read

With the removal of ‘retaliatory import duty’ on US apples, India has witnessed a surge in the import of American apples, with 40-fold increase over the past three months. During the 2017-18 period, US apple imports reached a record high of over 7 million boxes but experienced a significant decline to just 50,000 ...

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MSME

Dual Financing Strategy To Enhance MSMEs' Role In Renewable Energy Shift: IREDA

Opportunity India Desk Dec 11, 2023 - 3 min read

IREDA Chairman and Managing Director Pradip Kumar Das has announced the adoption of a dual financing strategy to enhance the role of micro, small, and medium enterprises (MSMEs) in the transition to renewable energy. Emphasizing the economic and environmental contributions of MSMEs, Das reiterated Indian Renewable Energy Development Agency’s (IREDA) dedication to promoting ...

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MSME

ONDC, MSME Mart To Empower Small Businesses In E-commerce Evolution

Opportunity India Desk Dec 11, 2023 - 3 min read

The Government's open e-commerce network, ONDC, is actively collaborating with the MSME Ministry to facilitate the onboarding of micro, small, and medium enterprises (MSMEs), said Union Minister of State for Commerce and Industry Som Parkash. The initiative involves utilizing existing seller applications and integrating with MSME Global Mart, a business-to-business portal ...

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MSME

DPIIT Holds Meet With World Bank To Elevate Country’s Logistics Efficiency

Opportunity India Desk Dec 08, 2023 - 3 min read

The Department for Promotion of Industry and Internal Trade (DPIIT) recently held a meeting with World Bank and showcased ongoing initiatives and forthcoming reforms aimed at elevating India's logistics efficiency. Sumita Dawra, Special Secretary (Logistics), DPIIT, said, “The primary focus of the meeting was to unveil a collaborative action plan shared by ...

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MSME

RBI Holds Steady At 6.5% Repo Rate, Hikes Growth Forecast To 7%

Opportunity India Desk Dec 08, 2023 - 7 min read

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das on Friday opted to maintain the repo rate at 6.5 per cent following a comprehensive evaluation of the evolving macroeconomic developments. This is the fifth consecutive meeting in which the MPC has chosen to maintain the existing status on the repo rate. ...

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MSME

Textiles Ministry Extends PLI Applications Date Till December 31

Opportunity India Desk Dec 07, 2023 - 2 min read

The Ministry of Textiles has decided to extend the application deadline for new submissions under the Production Linked Incentive (PLI) scheme for textiles. The revised deadline for fresh applications is now set for December 31, 2023. The extension includes categories such as manmade fiber (MMF) apparel, MMF fabrics, and technical textile products.

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MSME

Transforming Logistics With Digital Inclusivity And Smart Tech: Ratnesh Verma

Opportunity India Desk Dec 06, 2023 - 10 min read

Amidst the exponential rise of e-commerce and the digital revolution, an encounter with a paradox within the country’s last-mile logistics management sparked an entrepreneurial spirit inside Ratnesh Verma, Founder and CEO, Pidge. Armed with a deep understanding of business literature and a global perspective, Ratnesh questioned the prevailing norms in the logistics sector. ...

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MSME

Banks Extend INR 23.15 Lakh Crore Credit To MSMEs In October, Showing Strong 22.8% YoY Growth

Opportunity India Desk Dec 05, 2023 - 3 min read

In the latest sectoral deployment data released by the Reserve Bank of India (RBI), scheduled commercial banks extended a gross bank credit of INR 23.15 lakh crore to micro, small, and medium enterprises (MSMEs) under priority sector lending in October. The figure reflects an increase of 22.8 per cent compared to the INR ...

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MSME

Aiming USD 30 Trillion Economy Within 30 Years: Goyal

Opportunity India Desk Dec 04, 2023 - 2 min read

Union Commerce Minister Piyush Goyal has announced government’s plan of propelling the economy by adding USD 30 trillion in less than 30 years, harnessing the potential of under-30 population. Addressing the Bahrain Chapter of Chartered Accountants of India, Goyal highlighted India's status as a global investment hotspot, with market capitalization recently reaching USD ...

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MSME

India, Sweden Propel Global Sustainability With Launch of Lead IT 2.0

Opportunity India Desk Dec 04, 2023 - 2 min read

India and Sweden have jointly introduced Lead IT 2.0, an initiative dedicated to co-developing and transferring low-carbon technology while providing financial assistance for industry transitions in developing nations. Recalling the commitment of Global Net Zero and forging a partnership between governments and industries to achieve the target, Prime Minister Narendra Modi ...

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