Recent News

Incentives Available For Encouraging Entrepreneurship Under Different Schemes

Agricultural and Processed Food Products Export Development Authority (APEDA) mission is to develop agricultural commodities and processed food to promote exports. APEDA provides financial support for packaging development, export promotion and market development etc. For details please visit http://www.apeda.gov.in Ministry of Food Processing Industries (MoFPI) covers setting up technology upgradation, …

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Development of Production Infrastructure Scheme for Coir Units

DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME Related Scheme DEVELOPMENT OF PRODUCTION INFRASTRUCTURE SCHEME Description Financial assistance for setting up of coir units and modernisation of existing units. Under the Scheme the Board is extending subsidy to the tune of 25 % of the cost of equipments and other infrastructural facilities subject …

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Implementation Status of the Package for Promotion of Micro and Small Enterprises

The small scale industry sector output contributes almost 40% of the gross Industrial value-added 45% of the total exports from India (direct as well as indirect exports) and is the second largest employer of human resources after agriculture. The development of Small Scale Sector has therefore been assigned an important …

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Government Policies Relating to the Textile Industry in India

Introduction The Indian textile industry is one of the largest industries in the world. The Ministry of Textiles in India has formulated numerous policies and schemes for the development of the textile industry in India. Some of them are detailed in the following sections. National Textile Policy The National Textile …

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Trends in the Hospitality

The travel and tourism industry constitutes 6.23 % of India’s GDP and provides 8.78% of the country’s population with employment. The sector is well connected both domestically and internationally and is therefore one that needs to adapt to the changing trends quickly. According to an RNCOS report titled ‘Booming Medical …

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Oppurtunities for MSME’S in Indian Hospitality Sector

The Indian hospitality sector is one that is definitely booming.  Reports have suggested that within the next three years, this sector will attract around $ 200 billion and around 300 hotel brands are expected to surface. With such an attractive market at hand, SMEs may indulge within the space and …

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Impact of Tourism on Indian Hospital industry

The Indian hospitality industry consists of a wide range of fields within the service industry which include hotels, restaurants, transportation, cruise lines and several additional fields within the tourism industry.   The travel and tourism industry is one of the fastest growing industries in India and contributes to 5.9 percent …

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RBI rate cut positive, but may have little for SMEs

Terming the Reserve Bank of India’s (RBI) move to cut the short-term lending rate by 25 bps to 6.25% from 6.50% as positive, experts argue it may have little or no impact for SMEs in the country. Read more

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INDIAN Automobile Sector provides huge scope to MSMES

The Indian automobile industry is proving to be one of the drivers for Indian economic growth. The SME sector is also strongly impacted by the flourishing Indian automobile sector. SME’s helps the automobile industry in manufactures engine parts, manufacture body & chassis parts, manufacture suspension and braking parts and manufacture …

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Emerging Trends in INDIAN Automobile Industry

In India, the auto industry is one of the largest industries and is one of the key sectors of the economy.  Today, India is emerging as one of the world’s fastest growing passenger car markets and second largest two-wheeler manufacturer. It is also home to the largest motorcycle manufacturer and …

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