Inaugurates MSME Day 2019 celebrations and second International SME Convention in New Delhi
The manufacturing sector’s contribution to the country’s GDP has more than halved in the last two decades, and it may get worse if steps are not taken to fix it, said Satish Marathe, Director, Central Board of the Reserve Bank of India.
New Delhi, 28 June (KNN) The government has asked all the public sector banks (PSBs) to resolve the problems which are being faced by the micro, small and medium enterprises (MSMEs) and submit weekly reports regarding it to give further boost to MSME businesses.
Mumbai, June 28 (KNN) Trade finance firm Drip Capital apprised the Small and Medium Enterprises (SMEs) Rubber Exporters’ in Mumbai about the alternative working capital solutions like invoice factoring process.
The textile sector has not been happy lately with the decision of the government to remove the zero-rated status granted to the industry. But the government has lost patience with hoping for textile exports to record any meaningful increase.
The Indian Micro, Small and Medium Enterprises (MSMEs), currently contributing 29 per cent to the nation’s Gross Domestic Product (GDP) hold the potential to take the figure up to 50 per cent in the next 5 years and Union Minister, Nitin Gadkari has a plan in place to ensure the target is met.