EMSIF Newsletter 30th November 2022 |
 |
||
|
Self Reliant India fund commits Rs 5,000 crore to fund MSMEs
Source: By Sonal Khetrapal, https://www.financialexpress.com/, November 07, 2022 -------------------------------------------------------------
2022 FIFA World Cup: This Indian MSME is supplying power transformers for the soccer event in Qatar
Source: https://www.financialexpress.com/, November 06, 2022 -------------------------------------------------------------
MSME units in a fix over steep rise in fixed charges Proprietors of small and medium industries who had been paying fixed charges in anticipation of better times are in a dilemma as the tariff has been raised steeply. For HT consumers, the fixed charges have been raised from ₹350 per KW to ₹550. For those who are operating with very thin margins, the peak hour charges have come as a rude shock. The MSMEs in Tiruchi region are already facing tough times due to the shortage of orders from the BHEL, and several industries have turned into non-performing assets. There is a likelihood of more number of units getting into the red if the requests of the industries pertaining to moderation of peak hour tariff and maximum demand charges are not addressed, industry representatives say.
Source: https://www.thehindu.com/, November 05, 2022 -------------------------------------------------------------
New food processing policy will pay attention to concerns of MSME sector entrepreneurs: CM Yogi
Source: https://www.zeebiz.com/, November 04, 2022 -------------------------------------------------------------
Nearly 9 crore people employed by this many MSMEs registered on Udyam portal: Govt data
Source: By Sandeep Soni, https://www.financialexpress.com/ , November 13, 2022 -------------------------------------------------------------
TIIC launches scheme for MSMEs Tamilnadu Industrial Investment Corporation (TIIC) has launched a scheme to help MSMEs get all the mandatory approvals before the units go in for loans. The TIIC, Bank of Baroda (BOB), and Coimbatore District Small Industries Associations (Codissia) recently organised a special campaign to explain to MSME entrepreneurs the fund-based and non-fund based services that TIIC and BOB offer. The TIIC, Bank of Baroda (BOB), and Coimbatore District Small Industries Associations (Codissia) recently organised a special campaign to explain to MSME entrepreneurs the fund-based and non-fund based services that TIIC and BOB offer. V. Thirugnanam, president of Codissia, said the TIIC and BOB would soon sign an MoU. Under the total cost of ownership programme of TIIC, the Corporation would facilitate the mandatory approvals for MSMEs. It would lend for plant and machinery and for other financial needs of an industry, the borrower could opt for the products of Bank of Baroda, he said.
Source: https://www.thehindu.com/news, November 13, 2022 -------------------------------------------------------------
How national logistics policy will enhance MSMEs’ participation in global supply chains The Micro, Small, and Medium Enterprises (MSME) sector contributes one-third to India’s GDP and accounts for approximately 40% of the country’s total exports. As India is on the pathway to becoming a $5Tn economy, exports would become an inevitable component of the nation’s growth, and MSMEs would need as many avenues to show their utmost potential. The National Logistics Policy (NLP), recently launched by the government, is a comprehensive framework set to enhance the efficiency of India’s logistics system and ensure the seamless movement of goods across the country. The initiative’s primary aim is to reduce logistics costs from the current 13-14% of the GDP to the global cost of 7%. Moreover, the policy is said to aid Indian businesses, especially MSMEs, to become globally competitive as it will create a robust logistics infrastructure for facilitating cross-border trade. India’s logistics sector has been fragmented for quite some time now, with MSMEs undergoing unnecessary manual processes, heavy documentation work, frequent interference from various regulatory authorities, etc.
Source: By Pushkar Mukewar, https://timesofindia.indiatimes.com/, November 13, 2022 -------------------------------------------------------------
Tamil Nadu: Common facility centres to boost MSME growth
The Tamil Nadu Small Industries Development Corporation ((Tansidco) and the District Industries Centre (DIC) are on a mission to develop common facility centres (CFC) across Coimbatore to promote the growth of micro, small and medium enterprises (MSMEs). Known as clusters, the facilities are expected to boost production by expediting the testing process.
Source:https://timesofindia.indiatimes.com/city/coimbatore/tamil-nadu-common-facility-centres-to-boost-msme-growth/articleshow/95756612.cms , November 25, 2022 ------------------------------------------------------------- MSMEs with ZED certification to get priority
Trichy: The district industries centre (DIC) jointly with the Union ministry of MSME conducted an awareness programme on zero effect – zero defect (ZED) certification for micro, small and medium enterprises (MSME) in Trichy district at the collector office on Wednesday. Public sector undertakings that outsource work orders to engineering and fabrication MSMEs here said that the production units with better ZED certification will get priority in work order allotment.
Source:https://timesofindia.indiatimes.com/city/trichy/msmes-with-zed-certification-to-get-priority/articleshow/95728529.cms , November 24, 2022
|
|||
|
|||
Kolkata-based
transformer manufacturing MSME BMC Electroplast
has supplied around 3,000 transformers to help
power the 2022 FIFA World Cup in Qatar beginning
November 20. The current and voltage
transformers supplied will help secure power
distribution in stadia and related
infrastructure, a company official told PTI. BMC
Electroplast Director Siddhartha Mitra said the
company has supplied 50 per cent of the total
voltage and current transformers required for
the soccer event. These instruments reside in
the switchgear boards used for power
distribution, internal control and protection.
Qatar Electricity & Water Corporation was the
agency approving BMC’s transformers under the
contract worth Rs 35 crore.
Uttar
Pradesh Chief Minister Yogi Adityanath on
Thursday said the new food processing policy to
be soon introduced in the state will pay special
attention to the concerns raised by the
entrepreneurs in the MSME sector. The chief
minister, who attended the three-day-long
national seminar and expo on Agro-based Micro,
Small & Medium Enterprises (MSME) here, called
upon the entrepreneurs attending the conference
to get ready for the Global Investors Summit,
which will take place in Uttar Pradesh in
February, an official release issued here said.
The
Udyam Registration portal’s data disclosed by
the MSME Ministry over two years after the
launch of the portal showed 8.81 crore people
employed by 1.19 crore MSMEs registered on the
portal. Out of the total employment, 2.05 crore
were women, the latest data published on the
portal at the time of publishing this report
showed. Apart from jobs, the government also
shared export statistics. The portal had 1.48
lakh exporting units registered with an export
value of Rs 9.55 lakh crore. In terms of
business activity, over 34,000 enterprises
registered on the Udyam portal were in
manufacturing in comparison to 84.74 lakh
service MSMEs. 95 per cent (1.14 crore) of total
registered MSMEs on the portal were micro
followed by only 3.54 per cent (4.23 lakh) small
businesses and 0.32 per cent (39,289) medium
enterprises.