MSME

MSME

Jharkhand Draft MSME Policy: Growth, Incentives Galore For Small Businesses

Opportunity India Desk Nov 20, 2023 - 3 min read

The Jharkhand government has unveiled the draft MSME Policy 2023, proposing a 5 per cent annual interest subsidy for new MSMEs with timely loan repayments from public financial institutions or banks, valid for five years post-commercial production. The maximum subsidy limit stands at INR 25 lakh for micro units, INR 1 crore for ...

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Bengal Global Business Summit 2023 From Tuesday; 25 Nations To Take Part

Opportunity India Desk Nov 20, 2023 - 3 min read

The stage for the seventh edition of the Bengal Global Business Summit (BGBS) is set to host influential figures from over 25 countries, including business leaders, political dignitaries, and corporate giants from India on Tuesday. Notable attendees are expected to include representatives from Reliance Industries, ITC, and Ambuja Neotia. Participating countries ...

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Indian E-Commerce Exports Likely To Reach USD 200 Billion In Next 6-7 Years

Opportunity India Desk Nov 17, 2023 - 3 min read

India's e-commerce export, presently valued at USD 1 billion per year, is expected to surge to USD 200 billion within the next six to seven years, Santosh Kumar Sarangi, Additional Secretary & Directorate General of Foreign Trade (DGFT) said on Friday. Sarangi emphasized that this projected growth in e-commerce exports plays a crucial ...

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SIDBI To Boost J&K MSMEs With Cluster Infra Development Fund

Opportunity India Desk Nov 16, 2023 - 3 min read

The Small Industries Development Bank of India (SIDBI) has entered into an agreement with the Union Territory of Jammu and Kashmir (J&K) to implement the SIDBI Cluster Development Fund (SCDF), aimed at accelerating infrastructure development for Micro, Small, and Medium Enterprises (MSMEs) in the region. The partnership will facilitate the modernization, upgrading, and ...

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Goods Exports Surge 6.21 Per Cent To USD 33.57 Billion In October

Opportunity India Desk Nov 16, 2023 - 3 min read

India's exports recorded a 6.21 per cent increase, reaching USD 33.57 billion in October this year compared to USD 31.6 billion in the same period last year, according to the Ministry of Commerce and Industry. On the other hand, imports also experienced an uptick, totaling USD 65.03 billion for the month, ...

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Govt Unveils Scheme To Empower Startups, MSMEs In Mining Innovation

Opportunity India Desk Nov 15, 2023 - 3 min read

The Ministry of Mines on Wednesday announced plans to financially support research and innovation initiatives in startups and micro, small, and medium enterprises (MSMEs) operating in the mining, mineral processing, metallurgy, and recycling sector. The initiative, named Science and Technology Program for Research and Innovation in Startups and MSMEs (S&T-PRISM), is designed for ...

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Country’s First MSME Economy Monitor Index Based On GST Sales Data Launched

Opportunity India Desk Nov 15, 2023 - 2 min read

The Small Industries Development Bank of India (SIDBI), in collaboration with Jocata, a financial advisory and technology firm, introduced an MSME Economic Activity Index called ‘Sumpoorn’. The index, based on consent-led and anonymized monthly sales data from over 50,000 MSMEs seeking credit, will utilize official GSTN returns from October 2019 to the present, ...

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India Int’l Trade Fair Begins; Products From 3,500 Exhibitors On Display

Opportunity India Desk Nov 14, 2023 - 3 min read

The 42nd edition of the India International Trade Fair (IITF) commenced today at Pragati Maidan, featuring a diverse range of products from 3,500 exhibitors hailing from India and countries such as UAE, Iran, and Thailand. The event, themed 'Vasudhaiva Kutumbakam - United by Trade,' spans 14 days and is set to be a ...

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PHD Chamber Calls For Flexible MSME Policy Considering Diverse State Requirements

Opportunity India Desk Nov 14, 2023 - 3 min read

The PHD Chamber of Commerce and Industry has called upon the government to reconsider the proposed national MSME policy to accommodate the distinct requirements of MSMEs across various states and regions. Highlighting the existence of diverse state-specific policies supporting MSMEs, the report recommended the integration of both national and state-level MSME structures to ...

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GAME, FISME Unite To Address Growth Concerns of MSMEs

Opportunity India Desk Nov 09, 2023 - 2 min read

The Global Alliance for Mass Entrepreneurship (GAME) and the Federation of Indian Micro and Small & Medium Enterprises (FISME), have joined forces to address delayed payment issues, enhance the ease of doing business, conduct joint research projects, and offer arbitration and grievance redressal advisory for MSMEs. The partnership aims to publish reports, conduct research, formulate ...

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