Ensure MSME units that have been sanctioned commence operations soon, A.P. Chief Secretary tells officials
1 year, 5 months ago

Ensure MSME units that have been sanctioned commence operations soon, A.P. Chief Secretary tells officials

The Hindu  

Jawahar Reddy has instructed the Industries Department to ensure that the Micro, Small and Medium Enterprise units, which have obtained sanctions from the government, become operational at the earliest, and to submit a report on the units that have gone into production in the last four-and-a-half years. Addressing a review meeting on the MSME sector on July 19, Mr. Jawahar Reddy wanted the units sanctioned under the Cluster Development Programme to be given a tangible shape without inordinate delay, and monthly data on the overall progress made to be furnished to the Union Ministry of MSME from time to time. He told the Collectors to keep track of the projects so that they could be grounded as per schedules, and suggested that a procurement portal be started for the benefit of the entrepreneurs. Commissioner of Industries and APIIC MD Pravin Kumar gave a presentation on the MSMEs set up in the State and projects in the pipeline, and land allotments made by the APIIC.

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History of this topic

U.T. gets ₹31 crore under Central scheme for development of MSME sector
4 days, 3 hours ago

U.T. gets ₹31 crore under Central scheme for development of MSME sector

The Hindu  

The Puducherry government has received ₹31 crore under Central government programme, ‘Raising and Accelerating MSME Performance ‘, for the development of micro, small and medium enterprises in the Union Territory, Director of Industries P. T. Rudra Goud said on Friday. Speaking at a conclave on MSME business organised by the Confederation of Indian Industry, Mr. Goud said the government was …

CM Revanth to launch TG's first MSME policy today
3 months, 1 week ago

CM Revanth to launch TG's first MSME policy today

Deccan Chronicle  

Hyderabad: Chief Minister A Revanth Reddy will release the state's first micro, small, and medium enterprises policy on Wednesday. A key highlight of the new policy is a Rs 100-crore technology upgrade fund, targeting sectors such as aerospace and defence, which are expected to benefit 60-70 per cent of the fund's recipients. In addition to financial support, the policy emphasises …

Korean MSME Industry Plans Investment in AP
5 months ago

Korean MSME Industry Plans Investment in AP

Deccan Chronicle  

Vijayawada: South Korea’s MSME industry has shown a readiness to invest in Andhra Pradesh, mainly in the agri-tech, agri machinery, food processing, automobiles, biotech, pharma and electronics sectors. A Korean delegation led by Calvin Seungwon Yi, CEO of Wevio Global Inc, met MSME minister Kondapalli Srinivas, as also representatives of the society for elimination of rural poverty and NRI empowerment …

Tamil Nadu MSMEs seek change in software for conversion of tariff slab
11 months, 1 week ago

Tamil Nadu MSMEs seek change in software for conversion of tariff slab

The Hindu  

The Micro, Small and Medium-scale Enterprises have appealed to the Tamil Nadu Generation and Distribution Corporation to amend its software so that all units consuming less than 12 KW power will come under tariff slab LT III A. J. James, co-ordinator of the Tamil Nadu Industrial Electricity Consumers Association, said the MSMEs were supposed to pay tariff under the III …

98 MSMEs to bring in investments totalling ₹1,583.80 crore in Thoothukudi and 5,717 people to get direct jobs: Kanimozhi
1 year ago

98 MSMEs to bring in investments totalling ₹1,583.80 crore in Thoothukudi and 5,717 people to get direct jobs: Kanimozhi

The Hindu  

Ninety-eight medium, small and micro enterprises have evinced interest in setting up their units in Thoothukudi district bringing investments totalling ₹1,583.80 crore, said MP Kanimozhi Karunanidhi. She said that all the 98 units would provide jobs to 5,717 people. The other units, which had signed the MoU, are expected to set up food processing, matches, modern rice mills, chemicals and …

Agreements to start industrial units worth ₹540.96 crore signed with 117 entrepreneurs in Cuddalore
1 year ago

Agreements to start industrial units worth ₹540.96 crore signed with 117 entrepreneurs in Cuddalore

The Hindu  

Memoranda of Understanding worth ₹540.96 crore were signed with 117 entrepreneurs to start industrial units in Cuddalore district, at an investors’ meet of Micro, Small and Medium Enterprises. Speaking on the occasion, Mr. Panneerselvam said the Tamil Nadu government was giving special attention to the development of the MSME sector that contributes greatly to the economic development of Tamil Nadu. …

MSMEs in Tamil Nadu to go on strike on September 25
1 year, 3 months ago

MSMEs in Tamil Nadu to go on strike on September 25

The Hindu  

Micro, Small and Medium-scale Enterprises in Tamil Nadu will down shutters on Monday, September 25, demanding the Tamil Nadu government to withdraw the hike in fixed power charges and peak hour charges. About 165 associations in Tamil Nadu will take part in the strike, resulting in loss of work for a day for almost three crore labourers, said V. Thirugnanam, …

MSME unit owners to stage protest in Coimbatore on September 7 to highlight demands related to electricity tariff
1 year, 3 months ago

MSME unit owners to stage protest in Coimbatore on September 7 to highlight demands related to electricity tariff

The Hindu  

Members of 70 Micro, Small and Medium Enterprises industry associations in Coimbatore, Tiruppur, and Erode districts will stage a hunger protest at Karanampettai in Coimbatore on September 7. The representatives of the associations, including president of Tamil Nadu Association of Cottage and Tiny Enterprises J. James, president of Recycle Textile Federation Jayabal, and Coimbatore Tiny and Small Foundry Owners’ Association …

Andhra Pradesh government aims at setting up 1.50 lakh MSMEs in 2023-2024, says Chief Secretary Jawahar Reddy
1 year, 5 months ago

Andhra Pradesh government aims at setting up 1.50 lakh MSMEs in 2023-2024, says Chief Secretary Jawahar Reddy

The Hindu  

Jawahar Reddy has said that efforts are being made to set up 1,50,000 Micro, Small and Medium Enterprise units in 2023-2024 and provide employment to 7,50,000 people through them. Addressing a review meeting on the MSME sector at the Secretariat on July 1, Mr. Jawahar Reddy said the government had taken steps to generate employment to the educated unemployed youth …

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa
1 year, 6 months ago

Tamil Nadu Government will support MSMEs to cater to emerging sectors, says Industries Minister T.R.B. Rajaa

The Hindu  

The State government will do a study of the Micro, Small and Medium-scale Enterprises in the State and take measures to enable these units cater to the emerging sectors, said Minister for Industries, Investment and Commerce T.R.B. On industrial development in the western districts of the State, Mr. Rajaa said availability of land was a major challenge. Regarding development of …

MSMEs not static, but growing in size, asserts Finance Ministry
1 year, 8 months ago

MSMEs not static, but growing in size, asserts Finance Ministry

The Hindu  

The Finance Ministry has sought to dismiss the “narrative” that India’s micro, small and medium enterprises are stagnating, citing data that it asserts shows smaller firms evolving into larger units in recent years. In its recent monthly economic review for February, the ministry had said the number of micro units graduating to small units had increased to 65,140 in 2022-23, …

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain
1 year, 9 months ago

Govt Working Relentlessly To Ensure Conducive Environment For Small Businesses: MSME Secretary B B Swain

News 18  

The government is relentlessly working towards ensuring a conducive environment for micro, small and medium enterprises, and the number of registered MSMEs has now reached 1.64 crore generating 10.73 crore jobs, said MSME Secretary B B Swain on Wednesday. The figure of 10.73 crore employment generated is based on self-declaration by MSMEs and the sector is surely on its way …

MSMEs banking high on AP’s New Industrial Policy
1 year, 9 months ago

MSMEs banking high on AP’s New Industrial Policy

Deccan Chronicle  

Vijayawada: The Micro, small and medium enterprises are having high expectations from Andhra Pradesh government’s New Industrial Policy, which is likely to be announced during the ensuing Global Investors Summit. Coinciding with this, MSMEs are urging the state government to set up industrial clusters over 100–1,000 acres in areas of the state that have good transport connectivity and provision of …

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs
2 years, 9 months ago

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs

The Hindu  

The Tamil Nadu Budget for 2022-2023, presented on Friday, has hiked the allocation for Micro, Small and Medium-scale Enterprises Department by almost 48%. Micro cluster development With a view of helping micro enterprises’ clusters, the Tamil Nadu government would launch a new “Micro Cluster Development Programme”, Finance Minister Palanivel Thiaga Rajan said in the State Legislative Assembly in Chennai on …

No Funds, No Workers: Coimbatore MSMEs Demand Help From TN Parties
3 years, 9 months ago

No Funds, No Workers: Coimbatore MSMEs Demand Help From TN Parties

The Quint  

While the sector has been facing huge losses, all political parties have canvassed for support in Coimbatore promising development. During his visit to Coimbatore, Prime Minister Narendra Modi spoke about how the MSME sector is crucial for building ‘Atmanirbhar Bharat.’ He assured that the Centre will work in unison with the state government to offer incentives and schemes to help …

Single window system planned to get approvals under UP MSME Act
4 years, 3 months ago

Single window system planned to get approvals under UP MSME Act

Hindustan Times  

Easing the conditions for setting up new micro, small and medium enterprise units in Uttar Pradesh, the state government notified the much-awaited new UP MSME Act, 2020. GB Nagar district deputy commissioner Anil Kumar said at least 10,000 new MSME entrepreneurs will now be able to kick off their ventures in the district. This Act doesn’t cover units of tobacco …

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