Government’s New MSME Funding Scheme Promises Rs 20,000 Cr

Promoter(s) of the MSMEs will be given credit equal to 15 per cent of their stake (equity plus debt) or Rs 75 lakh whichever is lower There will be a moratorium of seven years on payment of principal Minister...

Rs 79,000 Cr MSME Loans Sanctioned Under Emergency Credit Line Announced by the Government

As part of the Aatmanirbhar package Government had announced its plans for Rs three lakh Cr as additional credit to MSMEs and small businesses Such enterprises were to be eligible to receive up to 20 per cent of...

Railway Ministry PSU Cancels Rs 471 Cr Telecom Equipment Contract With China-Based Company

The central government might also scrap 4G telecom tenders to keep Chinese companies away Tensions between the defense forces of China and India are increasing on the border Dedicated Freight Corridor Corporation of India (DFCCIL), a Ministry of...

Rs 4,21,103 Crore Exports Clocked by STP-Registered Units During 2019-20

These export figures were Rs 52 crores in 1992-93 Software Technology Parks of India (STPI) celebrated its 29th foundation day, recently The US$191 billion IT industry, comprising around 18,000-plus firms that directly employ 4.36 million-strong workforce, that contributes eight...

Mobile Phone and Components Production to Reach Rs 10,00,000 Crore by 2025: Meity

The ministry has unveiled all the terms and conditions of the PLI, SPECS and EMC 2.0 schemes These schemes, as Meity informed, shall contribute significantly to achieving a USD one Trillion digital economy and a USD five Trillion...

Rs 3420 Crore PLI Scheme For Promoting Manufacturing of Medical Devices in India

The government of India has also announced Rs 400 crore outlay for setting up medical device parks in India India's medical devices market was valued at Rs 50,026 crores in 2018-19 The outbreak of coronavirus has made medical...

New Financial Lending Institutions to Support Small-Scale Units in Works: Government of India

The current contribution of MSMEs in exports sector is around 48 per cent The MSME ministry aims to restructure 25 lakh MSMEs by December 2020 The government has already launched a dedicated portal for MSMEs Union Minister for MSME...

Second National Electronics Policy Will Make India an $400 Billion Consumption Market: Report

Vinod Sharma, Managing Director, Deki Electronics Ltd, mentioned the same to Zee Media A lot of Indian companies depend on Chinese imports for manufacturing electronics in the country Vinod Sharma, Managing Director, Deki Electronics Ltd, told Zee Media that...

Thinking of an Import Substitution Policy: Nitin Gadkari

Indian companies rely heavily on component imports for electronics production in India In fiscal year 2019, India imported electronic products valued at nearly four trillion rupees Union Minister for MSME and Road Transport and Highways, Nitin Gadkari said that...

Cargo & Goods Trucks Allowed Free Movement Across India: MHA

Revised guidelines states that no separate passes are required for through traffic of trucks and goods carriers, including empty trucks The entire ESDM industry relies on components sourced from within and outside India These guidelines do not imply...

Govt of India Launches a Dedicated Portal For MSMEs

This portal will have record of all the schemes launched for MSMEs by state and central governments MSMEs can also use this portal to share research and innovation ideas Union Minister of Road transport & Highways and MSME Shri...

Chinese Electronics Imports Subject to Security Checks: MeitY

The government of India has already subjected investments from China to additional checks Union Minister Ravi Shankar Prasad was part of a video conference between IT ministers of various states on challenges and opportunities, during the pandemic Union Minister...

USA’s New Laws to Keep Semiconductor Equipment Away From China’s Military: Report

The new restrictions have come at a time when relations between the two countries are worsening India had recently announced tightened FDI norms for several countries including China A recent report by a Korea-based news portal had accused...

Meity Appeals to States For Supplementing Centre’s Electronics Schemes

Ravi Shankar Prasad, union minister of electronics and information technology, informed that India stands a good opportunity to promote electronics manufacturing The central government of India has recently announced three schemes related to electronics manufacturing worth nearly Rs...

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