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Shri Gadkari Asks Large Industries to Clear MSME Dues on Priority; Develop MMSE ancilliary industries for spares

Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways has said that our target is to make our country a manufacturing hub of construction equipments in the world. He was addressing a webinar ‘CII’s Virtual Exhibition on ‘Construction Equipment, Technology, Components and Aggregates’ through Video Conference today. He said, to achieve the ...

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Sector and Industry wise study of ground level issues for policy formulation is the need of the hour: Shri Nitin Gadkari

Shri Nitin Gadkari, Union Minister for Micro, Small & Medium Enterprises and Road Transport & Highways has highlighted the need for sector wise and industry wise study of the ground level issues  by Think Tanks so that new policies may be formulated taking into account their recommendations. He said this while addressing a webinar today. During his  interaction with MSME ...

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Gadkari Calls upon Apparel Export Promotion Council for taking measures to target increasing exports by two times

Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) has called upon the Apparel Export Promotion Council (AEPC) to take measures for increasing exports 2 times. He also emphasized on technology upgradation and research to improve quality and remain cost competitive in the global market. He was speaking while inaugurating the Virtual Workshop- A Joint initiatives of ...

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The contribution of MSMEs in Employment generation and GDP growth of India

During last five years, a total of 1,98,736 MSME units were set up and started production with a total investment of Rs. 109.75 crore and employment generation of 6.28 lakh persons in Odisha. Food and Allied sectors follow the Repairing services in terms of units, investment and employment generation. The Micro, Small and medium enterprises (MSMEs) of India are very ...

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MSME Minister Approves a New Scheme to Make India Aatmanirbhar in Agarbatti Production

Union Minister for MSME, Shri Nitin Gadkari has approved a unique employment generation program proposed by Khadi and Village Industries Commission (KVIC) to make India Aatmanirbhar in Agarbatti production. The program named as “Khadi Agarbatti Aatmanirbhar Mission” aims at creating employment for unemployed and migrant workers in different parts of the country while increasing domestic Agarbatti production substantially. The proposal ...

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Conversion of knowledge into wealth is important for development of manufacturing sector in India – Shri Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari  held meeting yesterday via video conferencing with the representatives of the Engineering Exports Promotion Council (EEPC) to discuss on the growth of the sector post the pandemic situation. He motivated the panel by suggesting that even though there are short term difficulties  being faced by each sector of ...

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Ministry of MSME shows the way to make MSMEs break their Barriers and become Champions

In a historic move, bold initiative and landmark decision, Ministry of Micro, Small and Medium Enterprises (MSME) has come out with a consolidated notification in the form of guidelines for classification and registration of MSMEs. It may be recalled that Ministry had published a Notification on 1st June, 2020 with new criteria for classification of MSMEs based on Investment and Turnover. ...

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KVIC launches Sandalwood and Bamboo plantation, a new initiative to spur monetization of its assets

The Khadi and Village Industries Commission (KVIC), in a first of its kind initiative has begun exploring the untapped but highly profitable venture of sandalwood and bamboo tree plantation for monetization of its assets. Seeking to encourage commercial plantation of sandalwood and bamboo, the KVIC has begun a drive with plantation of 500 saplings each of sandalwood and bamboo at ...

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Enhanced Import Duty on Bamboo Sticks to give a big boost to Agarbatti and Bamboo Industries in India: KVIC

he Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% will open up new avenues of self-employment in the country. Welcoming the decision in a statement issued today, Khadi & Village Industries Commission(KVIC)  has  said that, in the next 8-10 months, at least one lakh new jobs will be created in the Agarbatti industry, a ...

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Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds

In line with Government of India’s top focus on energising MSMEs in the country, a special meeting of Cabinet Committee on Economic Affairs (CCEA) was convened under the Chairmanship of Prime Minister Shri Narendra Modi, here today, which approved the upward revision of MSME definition and modalities/ road map for laying down effective implementation mechanism for the remaining two announcements ...

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