Latest news with #MSMEs
The Hindu
6 hours ago
- Business
- The Hindu
CODISSIA opposes the proposed hike in power tariff from July 1
The Coimbatore District Small Industries Association has urged the Tamil Nadu government and the Tamil Nadu Electricity Regulatory Commission (TNERC) to not implement the proposed increase in power tariff for industries from July 1. The Association president, M. Karthikeyan, said in a press release that the hike, if implemented, will impact the sustainability of the Micro, Small and Medium-scale Enterprises (MSMEs). The industries are currently operating just 50% to 70% capacity due to high cost of raw material costs, increase in operational costs both in domestic and global markets, shortage of manpower, recent uncertainties such as the US import tariff, the geo political situation and war conflicts A further rise in power tariff could lead to additional financial stress, reduction in industrial output, job losses and even closure of industries. The government should reconsider the multi-year tariff revision and not implement any hike in electricity charges for the MSMEs, he said.
India Gazette
7 hours ago
- Business
- India Gazette
Uttar Pradesh Small Industries Corporation & India SME Forum launched the transformative Uttar Pradesh Niryaat Vriddhi Abhiyaan on May 30, 2025
HT Syndication Moradabad (Uttar Pradesh) [India], May 31: The Uttar Pradesh Small Industries Corporation (UPSIC), in collaboration with the India SME Forum, proudly announces the launch of the Uttar Pradesh Niryaat Vriddhi Abhiyaan (UPNVA) under the Raising and Accelerating MSME Performance (RAMP) scheme. This landmark initiative is poised to empower the first cohort of 500 Micro, Small, and Medium Enterprises (MSMEs) across the state, with a special focus on the handicrafts, and handloom sectors, home decor enabling them to become first-time exporters. The UPNVA is a comprehensive capacity-building programme designed to unlock the export potential of MSMEs in Uttar Pradesh. Going beyond conventional training, the initiative offers a structured three-phase approach that includes: - Hands-on learning and personalized mentorship - Expert guidance on product development, packaging, and branding - Support for joining international marketplaces and accessing buyer data - Assistance in leveraging e-commerce platforms and participating in global exhibitions - Navigation of government schemes tailored for first-time exporters By fostering innovation, sustainability, and global market readiness, UPNVA aims to build a thriving ecosystem of export-ready enterprises. The programme will equip MSMEs with critical knowledge of international trade, while also facilitating the creation of a robust buyer-seller network, ultimately driving economic growth and job creation throughout Uttar Pradesh. This initiative marks a significant step in realizing the state's vision of making Uttar Pradesh a hub for globally competitive MSMEs. Shri Alok Kumar, IAS, Principal Secretary of the Department of Micro, Small and Medium Enterprises (MSME), Government of Uttar Pradesh, highlighted the unprecedented emphasis being placed on the SME sector by both the Central and State Governments. Speaking at a recent industry event, Shri Kumar remarked, 'In my 30 years of public service, I have never witnessed such a strong and sustained focus on small and medium enterprises. This level of priority is truly remarkable and reflects a strategic shift in our economic development agenda.' He emphasized that the renewed attention to SMEs is aligned with global patterns of rapid economic advancement. 'If we examine any developed nation that has achieved significant progress within a span of 25 to 30 years, two key pillars stand out: a robust export ecosystem and a vibrant MSME sector. These two elements are deeply interconnected and mutually reinforcing,' he added. The Government of Uttar Pradesh continues to implement progressive policies and initiatives aimed at empowering MSMEs to compete at global level, become flag bearers of 'MADE IN INDIA', recognizing their critical role in job creation, innovation, and inclusive growth. Shri Raj Kamal, IAS, Managing Director of the Uttar Pradesh Small Industries Corporation Ltd, reaffirmed the state's commitment to empower Micro, Small and Medium Enterprises (MSMEs) under the visionary leadership of Hon'ble Chief Minister Shri Yogi Adityanath and the guidance of Principal Secretary Shri Alok Kumar. 'We are dedicated to creating a robust and supportive ecosystem for MSMEs in Uttar Pradesh, enabling them to expand their businesses and compete in global markets,' said Shri Raj Kamal. 'Equipping our entrepreneurs with essential knowledge of processes, techniques, and regulatory frameworks is key to ensuring their success on the international stage.' In this context, he emphasized the launch of the Uttar Pradesh Niryat Vriddhi Abhiyan, as a transformative initiative aimed at enhancing the export capabilities of MSMEs, with a special emphasis on the home decor, handicrafts, and handloom sectors. He said that 'Our vision through this campaign is to create an ecosystem for exporters and the aspiring youth inspired by them- wherein ifthey need support in design , guidelines, international partnerships, government clearances, or face any kind of challenge, they can approach us without hesitation and we will provide solution' . He highlighted that the UP MSME 1-Connect Portal ( is first of its kind one stop portal for the needs of MSMEs right from expert handholding, sector specific consultation, facility of incentive calculator, availability of sectoral DPR along with a specialized call centre(155343) available to address all the needs that you have and urged all the units to register themselves and avail benefits and services Vinod Kumar, President of India SME Forum, emphasized the strategic role of MSMEs in India's economic narrative: 'Exports are the engine of India's economic growth, and Uttar Pradesh, with its vibrant MSME sector, is a testament to this power. Approximately 45% of the state's total exports are contributed by MSME units, underscoring their pivotal role in driving both regional and national prosperity. As D2C and e-commerce exports open new global avenues, MSMEs from Uttar Pradesh are uniquely positioned to showcase their craftsmanship and innovation to the world. At India SME Forum, we are committed to equipping these enterprises with the skills, knowledge, and digital tools they need to lead India's export story and transform local ambition into global achievement.' A Panel session was organised on 'Ecosystem for exporters to boost exports', which was moderated by Sushma Morthania, Director General, India SME Forum, and the panellists were experts from DGFT, EXIM Bank, India Post, Export Promotion Council for Handicrafts, and Ship Global provided useful insights to MSME units. Another session on 'Enabling Globally Competitive Exports' where entrepreneurs such as Mr. Sanchit Gupta from Swati Menthol & Allied Chemicals Ltd., Mr. Amit Kumar Agrawal from Kumar Exports, Mr. Awadesh Agrawal from Shree Sai De Art, Mr. Naveen Sharma from Designer India and Ms. Sandhya Sharma from Shopping Over shared their success stories. This launch event has provided MSME attendees valuable networking opportunities, interactions with mentors from the export industry and government officials, and dedicated handholding support. For more information about the programme, please visit (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
New Indian Express
14 hours ago
- Business
- New Indian Express
Dy CM announces Rs 1 lakh crore investment for Bengaluru
BENGALURU: Deputy Chief Minister D K Shivakumar on Friday announced investments worth over Rs 1 lakh crore in the next four to five years for the development of Bengaluru. Speaking at the inauguration of India MSME Conclave 2025, he also promised the government's full backing to micro, small and medium enterprises (MSMEs). 'As part of our Rs 1 lakh crore investment in Bengaluru's transformation, from roads to housing, we're also unlocking growth across districts. MSMEs will be at the heart of this, building local, creating jobs, and powering Karnataka's Make in India story. Our government stands committed to innovation, entrepreneurship, and inclusive development,' he said. Shivakumar called MSMEs the 'strength of both the state and Central governments' and said it was the administration's responsibility to address their concerns. He acknowledged challenges related to electricity and water supply and pledged improved infrastructure support. The three-day event was inaugurated by Union Minister of State for MSME Shobha Karandlaje.
Time of India
a day ago
- Business
- Time of India
UP govt prioritises MSMEs with new export growth campaign
Lucknow: Principal secretary, MSME, Alok Kumar on Friday said that the UP govt has given unprecedented priority to the MSME sector. Speaking at the launch of the Uttar Pradesh Export Growth Campaign (UPNVA), jointly organised by the Uttar Pradesh Small Industries Corporation (UPSIC) and the India SME Forum in Moradabad, he said, "Any developed country that made rapid progress in 25–30 years had two main pillars—first, they made remarkable progress in exports, and second, their MSME sector was highly active and vibrant. These two are complementary to each other." UPSIC managing director Raj Kamal Yadav said that they are committed to creating a strong and supportive ecosystem so that entrepreneurs can compete in global markets. "The UP MSME 1-Connect portal ( serves as a one-stop solution. It offers expert guidance, sector-based advice, an incentive calculator, DPR, and the 155343 helpline." Speaking on the occasion, India SME Forum president Vinod Kumar said, "MSMEs contribute about 45% to the state's total exports. As new opportunities in D2C and e-commerce exports emerge, UP's MSMEs have the chance to showcase their creativity to the world." Officials concerned said that the UPNVA is being implemented under the RAMP (Raising and Accelerating MSME Performance) scheme. "The historic campaign aims to empower 500 micro, small, and medium enterprises (MSMEs) in the state. The campaign is a comprehensive capacity-building programme that adopts a three-step structured approach to realise the export potential of MSMEs. It includes practical training and personalised mentorship, expert guidance on product development, packaging, and branding, access to international markets and buyer data, use of e-commerce platforms, participation in global exhibitions, and assistance in leveraging government schemes for first-time exporters.
The Hindu
a day ago
- Business
- The Hindu
MSMEs in Karnataka should not rely on other countries like China for machinery or maintenance: DKS
Karnataka's micro, small, and medium enterprises (MSMEs) should not be dependent on any country for machinery and their maintenance, said Deputy Chief Minister D.K. Shivakumar here on Friday. Some MSME units here were dependent on Chinese machinery and now with issues around China and trade barriers introduced by the Donald Trump administration, they were not able to get their machines serviced on time and therefore suffered downtime and economic losses, he said at the opening session of a three-day India MSME Conclave here on Friday. Citing an example of his own brother in this context, he said: 'My brother started a silk-related MSME in Kanakapura and signed an agreement with a Chinese company. But owing to visa issues, technology training could not happen. Still, he is determined to make it work. But, we must reduce dependency on others.' Speaking on the occasion, Shobha Karandlaje, Union Minister of State for Micro, Small and Medium Enterprises (MSME) and Labour and Employment, said the sector which was the backbone of India's economy has been facing diverse issues such as funding, technology access, and a lack of skill development. 'Governments have to continue investing in MSMEs for the country to grow. The MSME sector accounted for 30% of the GDP, provided employment to over 26 crore youth, and accounted for nearly 45% of the manufacturing output,'' she elaborated. Ms. Karandlaje insisted that there has to be massive investments in infrastructure, especially in proper roads, electricity, water and allied services for the MSMEs to thrive. Such investments should happen not just in big cities but also across tier-2 and tier- 3 cities. Infrastructure woes Acknowledging the critical role played by MSMEs in the economic growth of both the State and the country as a whole, he said the governments have a responsibility to address their concerns and provide necessary support. On the government's ongoing and upcoming investments in infrastructure, he said these include ₹44,000 crore towards metro expansion; ₹37,000 crore to build tunnel roads; ₹17,000 crore for phase one of these two projects, and ₹14,000 crore for elevated corridors. 'In the next four to five years, over ₹1 lakh crore will be invested in Bengaluru's development,' he promised. The conclave is being organised by Karnataka Small Scale Industries Association (KASSIA); the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) and the Peenya Industries Association (PIA) in association with State Bank of India.
