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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Semiconductor PCB Company TLB Seeks IPO On Kosdaq: Report
TLB has hired as DB Financial Investment Co. as a book runner for its initial public offering
TLB was founded in 2011 by...
Spend Billions On a Semiconductor Fab, Or On 50 Fabless Design Companies: Saankhya Labs
Parag Naik, CEO, Saankhya Labs is of view that setting up a semiconductor fab right now is the wrong strategy
He noted that...
How The Covicide Cabinet Helps To Prevent The Spread Of Coronavirus At Home And...
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Despite Covid 19, Business Forecast For Smartphone Display Units Looks Promising
Total AMOLED shipments for smartphones, as per Omdia, are set to total 466 million in 2020
Shipment forecast of Si TFT LCDs for...
Analog Devices Acquires HDMI Business From INVECAS
Analog Devices is augmenting its portfolio of sensing technologies and solutions that enhance human interaction and experiences
Financial terms of the transaction were...
