The third annual Swavlamban event, organized by the Naval Innovation and Indigenisation Organisation, kicked off with an exhibition for innovators, startups, and MSMEs on Monday, at Bharat Mandapam here.
Thes enterprises make up more than 60 million of them, contributing to over 30 per cent of the nation’s GDP and employ more than 110 million people.
While trying to understand how MSMEs can grow fast and create jobs – India’s foremost economic challenge we came across a remarkable example. Mr Jain, owner of an apparel firm from Mumbai turned a modest Rs 15 crore operation into a Rs 250-crore powerhouse in less than eight years.
In a significant step to give a boost to the startups, India and Australia collectively have invited applications from start-ups and MSMEs of both the countries.
This MoU will help MSMEs and emerging companies in the defence sector to scale-up their business operations, explore new markets and fund their R&D activities, it said.
Since its inception in 2000 till November 30, 2023, The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has extended guarantees amounting to Rs 5,33,587 crore.
The Union Ministry of Mines announced on Wednesday that it has decided to fund research and innovation in startups and MSMEs in the mining, mineral processing, metallurgy and recycling sector (S&T-PRISM) and has brought out guidelines for the scheme.
India’s small businesses have shown tremendous growth as the number of jobs reported by micro, small and medium enterprises registered on the government’s Udyam portal has crossed the 15 crore-mark.
On Tuesday, the long-awaited Mediation Bill 2021 was finally enacted by Rajya Sabha. It is anticipated that mediation legislation will provide relief to industry, business, and families from the delays of courts in resolving disputes, or in the parlance of legal luminaries, litigation. The mediators assert that only disputes are brought to them.
The DLI Scheme is implemented by C-DAC. Under the DLI Scheme, ChipIN centre has been set up at C-DAC as one stop centre to provide chip design & fabrication services to supported companies.
