In the program, Sports Minister of Uttar Pradesh Government, Girish Yadav, Minister of State for Energy Dr Somendra Singh Tomar, cricketer Madan Lal, to name a few, will also be present.
One of the crucial elements in the sector is repair, which will not only reduce the cost and failure of the equipment, but also ensure better performance in the long run.
There will be an additional subsidy of 10 per cent for the MSMEs owned by women/SC/ST entrepreneurs or MSMEs in northeast/Himalayan/LWE/island territories/aspirational districts.
What is noteworthy is the investment in cargo terminals, logistic parks, railways modernisation and importantly, the integration between the transport systems, it said.
At a presser in Bhubaneswar on Saturday, the UCCI office bearers alleged that banks are making the situation worse by not providing loans to micro, small and medium enterprises.
The Yamuna Expressway Industrial Development Authority (YEIDA) is developing these parks as a model to boost the MSME sector, which has the potential to help indigenous products go global.
Odisha’s MSME sector has about 4.50 lakh entities with investment of about Rs 22000 crore and employs close to 17 lakh people.
Bhubaneswar: In a big boost to the industrial sector in the state, Chief Minister Naveen Patnaik inaugurated 12 projects through video conferencing on Thursday. Of the newly-inaugurated projects, eight are in Micro, Small and Medium Enterprises (MSME) category while four are large-scale industries. As per reports, these projects have an earmarked investment of Rs 8,796.61 […]
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of ‘agarbatti’ (incense sticks) and become self-reliant on that front. The Khadi Agarbatti Aatmanirbhar Mission, proposed by the Khadi and Village Industries Commission (KVIC), eyes employment generation as well as making India self-reliant in agarbatti […]
Bhubaneswar: The Rourkela Steel Plant, a unit of the state-run SAIL, on Sunday said it has started offering price-based incentives to local industries to boost consumption of the metal. The micro, small and medium enterprises can get an incentive of Rs 100 per tonne on distribution charge and Rs 300 on supplies from the local […]
New Delhi: The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 9, the public sector and private banks have sanctioned loans worth over Rs 1.20 lakh crore under the 100 percent Emergency Credit Line Guarantee […]
New Delhi: The Central government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 1, 2020, public sector and private banks have sanctioned loans worth over Rs 1.10 lakh crore under the 100 per cent Emergency […]
Bhubaneswar: The Odisha government on Friday decided to organise camps in industrial estates to spread awareness among MSME units about the economic package announced by the Centre for the sector. The decision was taken at a high-level meeting chaired by Chief Secretary A K Tripathy where it was observed that the Micro, Small and Medium […]
Mumbai: The Indian share market plunged on Thursday with the BSE Sensex falling over 800 points and the NSE Nifty50 falling below the 9,200 mark. The initial announcements under the Rs 20 lakh crore economic package failed to boost the investor sentiments. Further, weakness in the global markets also weighed on the domestic indices, analysts […]
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced a booster dose for MSMEs including Rs 3 lakh crore collateral free automatic loan for businesses. This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package. Union Finance Minister Nirmala Sitharaman announces emergency credit lines to […]
New Delhi: Announcing an economic package to tide over the coronavirus crisis, Prime Minister Narendra Modi on Tuesday said the Indian economy should take a quantum jump, and not in incremental manner. Addressing the nation on Tuesday evening, Modi said that economy, infrastructure, demography and demand would be among the major features of India in […]
Bhubaneswar: The Utkal Chamber of Commerce and Industry (UCCI) urged the Odisha government on Thursday to facilitate the making of wage payments during the COVID-19 lockdown period from the funds available with the Employees’ State Insurance Corporation (ESIC). The UCCI also sought granting of working capital loan, additional MUDRA loan on subsidised rate of interest […]
Gurugram: E-commerce marketplace Flipkart on Tuesday expanded its supply chain infrastructure with opening two of its largest fulfilment centres (FCs) in Farrukhnagar, Haryana which will generate more than 5,000 jobs in the region. Spread across 9 lakh square feet, the fulfilment centres will help Flipkart significantly scale up its supply chain infrastructure in north India, […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday said the ministries have cleared most of the dues of goods and services to suppliers, mostly MSMEs, and the remaining payments will be done in the next few days. The minister also said that ministries have been asked to provide detailed capital expenditure plans for the next […]
New Delhi: The Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of AYUSH have signed an agreement to jointly promote the nutraceuticals industry in India. MSME Minister Pratap Chandra Sarangi who was at an Assocham event in New Delhi announced the joint venture. “My department MSME and Ayush have also signed an […]
New Delhi: In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit “shamiana meetings” in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won’t declare any stressed loan account of MSMEs as NPA till March 2020 […]
Bhubaneswar: In an ambitious move, the Ministry of Micro, Small and Medium Enterprises (MSME) has decided to come up with 50 Solar Charkha Clusters across the country under the Mission Solar Charkha. A budget of Rs 550 crore has been allotted for the project for the year 2018-19 and 2019-20. The scheme is envisaged to […]
Bhubaneswar: The Micro, Small & Medium Enterprises (MSME) department is targeting to establish around 1000 start-ups in Odisha for which start-up development cells will be set up in different districts to encourage entrepreneurship. Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSME), Dibya Shankar Mishra chaired a Start-up Showcase programme held in […]
New Delhi:The government and Reserve Bank seem to be veering around to reach an agreeable solution particulary with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said. If not in this board meeting, sources […]
Bhubaneswar: As Prime Minister Narendra Modi launched a MSME support programme in Delhi on Friday, three Union Ministers kicked off the campaign in as many Odisha districts and asked entrepreneurs to take benefit of facilities including access to credit and market. While Petroleum Minister Dharmendra Pradhan attended a district level programme in Cuttack, Steel Minister […]
Bhubaneswar: The Odisha government on Monday said 1.97 lakh Micro, Small and Medium Enterprises (MSMEs) units have been established in the state, creating 5.96 lakh jobs in the last four years. These units have been established with an investment of Rs 10,320 crore in the last four years from 2014-15 to 2017-18, said MSME Minister […]
Bhubaneswar/Nagpur: In what could be a bumper announcement by the Government, around five crore job vacancies have been announced for all the aspirants across the country seeking jobs in various sectors. Union Minister of State for Micro, Small and Medium Enterprises Giriraj Singh Saturday said five crore employment opportunities would be created in the country […]
Bhubaneswar: Encouraged over the high growth rate of exports in the state, Chief Minister Naveen Patnaik today announced that a new Odisha Export Policy, 2017 would be announced soon. Patnaik said this while inaugurating a workshop on ‘Export Strategy of Odisha’ here. Besides, in order to ensure “ease of doing business” to exporters, the state […]
Bhubaneswar: Chief Minister Naveen Patnaik on Friday said a total 973 MSME units in the state have been given incentives of Rs 80.50 crore, generating employment to nearly 22,200 persons. While launching the online administration of incentives for MSMEs (AIM) here, he said the incentives have been given to the units since 2011-2012. MSME entrepreneurs […]
New Delhi: Union Minister of Micro, Small and Medium Enterprises Kalraj Mishra has resigned ahead of Sunday’s cabinet reshuffle. Senior BJP leader Mishra, 77, said he met Prime Minister Narendra Modi and gave his resignation. He claimed the Prime Minister told him that his performance in the ministry was good. “So the question of non-performance does […]
Bhubaneswar: The iconic sweet Rasagola has once again found itself at the centre of a debate as to where it originated with Odisha deciding to seek a Geographical Indication (GI) tag for it before the Centre. A high level meeting on chalking out the modalities to apply for the tag is scheduled today at conference […]
Bhubaneswar: Export turnover of Odisha registered a staggering growth from Rs 19,082 crore in 2015-16 to Rs 40,872 crores in 2016-17 marking an increase of nearly 114%. Most significant increase has been seen in Software/Electronics sector which grew at 287% followed by pharmaceuticals at 242%. While exports of minerals grew from Rs 2762.49 crore to […]
New Delhi: Samsung India on Friday signed an MoU with the Ministry of Micro, Small and Medium Enterprises (MSME) to open two more technical training schools and to renew the partnership for 10 existing schools being run across the country. As per the Memorandum of Understanding (MoU), the technology giant will open two new MSME-Samsung Technical […]
Bhubaneswar: Opposition parties including the BJP and the Congress on Sunday targeted BJD over its failure in employment generation through industrial policies in Odisha. Speaking on OTV’s discussion on Fourth Test, 3rd innings of Naveen Patnaik led BJD government, senior BJP leader Prithviraj Harichandan alleged that major industrial units have started to backtrack in the […]
Bhubaneswar: Describing Micro, Small and Medium Enterprises (MSME) sector as an opportunity for Odisha, Union Minister Kalraj Mishra on Tuesday said the Centre will take steps to eradicate unemployment from the state by promoting small scale units and start ups. “MSME sector has become a challenge as well as opportunity for Odisha. We will be […]
Bhubaneswar: In a review meeting on the progress of Micro, Small and Medium Enterprises (MSME) here on Thursday, the State Level Bankers’ Committee (SLBC) has directed member banks to ensure faster delivery of loans in the next few days of the current fiscal. Odisha MSME minister Jogendra Behera said, “The State had plans to provide […]
Bhubaneswar: Navaratna PSU Nalco is planning to increase its purchase preference from MSMEs from the existing 15 per cent to 20 per cent. Nalco chairman-cum-managing director T K Chand also said the company would enhance the procurement volume from the MSME sector. “While Nalco provides a large market for the MSMEs of Odisha and has […]
Bhubaneswar: International air cargo will resume from Biju Patnaik International Airport in Bhubaneswar on January 27 on the International Customs Day. Briefing media persons after a joint meeting in the office of the Director, Airport Authority of India (AAI), here today, Deepak Arora, Commissioner, Customs, Bhubaneswar said for this purpose public notice is already in […]
Bhubaneswar: International air cargo will start from Biju Patnaik International Airport in Bhubaneswar on January 27 on the International Customs Day. Briefing media persons after a joint meeting in the office of the Director, Airport Authority of India (AAI), here today, Deepak Arora, Commissioner, Customs, Bhubaneswar said for this purpose, public notice is already in […]
Bhubaneswar: Chief minister Naveen Patnaik today underscored the need to expedite the process for capital investments in Odisha. Reviewing the status of investment in the industrial sector as per the promises made by the companies at the recent Make In Odisha Conclave at the State Secretariat here, the chief minister directed the concerned departments to […]