Latest news with #UnionMSME
Time of India
21-07-2025
- Business
- Time of India
Centre's help also sought for Jalandhar's sports goods sector
Ludhiana: State industry minister Sanjeev Arora met Union MSME minister Jitan Ram Manjhi Monday and presented him a letter demanding urgent support for Punjab's sports goods sector. In a statement issued here, Arora said he apprised the Union minister about the sports goods sector, particularly centred in Jalandhar, stating that it holds immense export potential but faces critical infrastructural and policy challenges. Arora also sought his intervention to resolve certain pressing issues. Regarding the pending approval for the setting up of a Technology Extension Centre of PPDC Meerut in Jalandhar, he said the state govt has already provided built-up space for it. However, the MSME ministry's approval is being awaited for more than eight months now. Arora also pointed out that the industry lacks funds to adopt eco-friendly materials and packaging, and requested incentives and research grants. On the issue of policy inclusion, he said this sector is not being covered under 'Make in India' and PLI schemes, and requested its inclusion along with the creation of an SEZ in Jalandhar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo He also urged for the setting up of testing infrastructure, stating that no international-standard testing labs (e.g., FIFA/FIBA/ICC) are available so far. He, therefore, called for a certified facility in Punjab. Arora said Manjhi has assured him of his full support.
Time of India
17-06-2025
- Business
- Time of India
Cradle of entrepreneurship, employment, and growth: Why we celebrate MSME Day
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Every year the world celebrates MSME (micro-, small-, and medium-sized enterprise) Day on June 27. In 2017, the United Nations General Assembly assigned June 27 as 'MSME Day' with the objective to raise awareness of the immense contributions of MSMEs to the achievement of the United Nations Sustainable Development Goals (SDGs).For India, which is home to more than 64 million MSMEs—only second to China—this is an important day. MSME Day recognises the vital roles played by these enterprises in innovation, job creation, and economic growth. The MSME sector contributes 30% to India's gross domestic product (GDP) and about 45% to total exports. The sector employs over 110 million people across the country.'MSMEs play a transformative role in the economic growth of our country. We are committed to nurturing and strengthening this sector,' Prime Minister Narendra Modi said in of June 10, 2025, as many as 64,607,210 MSMEs have registered on Udyam, which also includes registrations on the Udyam Assist Platform. These MSMEs drive competitiveness and productivity within the economy. They are the backbone of India's economic landscape and have been consistently driving the nation's growth. According to Union MSME Minister Jitan Ram Manjhi , the medium and small industries sector has registered 15 times growth over the past 10 contribution to employment generation and entrepreneurship also leads to regional development. These MSMEs play an important role in regional development through their efforts in building businesses in underdeveloped and remote areas. They help decentralise economic activities and spread opportunities in semi-urban and rural are present and contribute across all spectrums. They contribute massively to exports, as they manufacture a wide range of products for international markets, including making products for niche markets. If we talk about markets, one will find an Indian MSME in almost every sector, ranging from electronics, agriculture, and pharmaceuticals to household products. According to experts, one of the reasons India remains resilient during times of global turbulence is due to its MSMEs spread across various sectors reducing reliance on a single sector or are also hubs of innovation as well as improvisation, or 'jugaad'. They adapt to the current needs by embracing innovative practices and technological advancements. As a result, MSMEs often serve as crucial suppliers and contractors for large industries. Their contribution to the global value chain is have contributed to developments in sectors like aerospace and defence through schemes such as the Public Procurement Policy for MSEs, the Technology Development Fund, and the iDEX (Innovations for Defence Excellence) framework. The Chandrayaan-3 mission, which took place in 2023, had immense support from MSMEs in India. As per former MSME Minister Narayan Rane, the Bhubaneswar Tool Room, under the Ministry of MSME, developed 54,000 aerospace components of 437 types for the Chandrayaan-3 per experts and industry players, India's MSMEs deserve recognition for their boundless energy and achievements; recognising their efforts, accomplishments, and impact on the economy is only fair.
Hans India
11-05-2025
- Politics
- Hans India
Indian Army taught Pakistan a lesson: Jitan Ram Manjhi
A day after the ceasefire between India and Pakistan, Union MSME Minister Jitan Ram Manjhi praised the Indian Army's swift and decisive action during Operation Sindoor, asserting that Pakistan was forced to seek U.S. mediation due to the pressure exerted by India's military might. 'Within just two days of Operation Sindoor, the Indian Army taught a tough lesson to Pakistan. Now they understand the power of our defence forces,' Manjhi said, addressing the media in Gaya on Sunday. He further added that the Indian government's stance on terrorism remains unchanged despite the ceasefire, highlighting the termination of the Indus Waters Treaty as a strong diplomatic move post-Pahalgam terror attack. 'Any terrorist activity from now on will be treated as an act of war. We have no enmity with the people or the Army of Pakistan, but we have zero tolerance for the terrorists operating from their soil,' Manjhi declared. 'I praise PM Narendra Modi and the Indian Army for their exemplary courage and bravery during Operation Sindoor,' Manjhi said. Meanwhile, Bihar Leader of Opposition Tejashwi Yadav also extended gratitude to the Indian Armed Forces for their courage and professionalism during Operation Sindoor. He reiterated his demand for the Prime Minister to call a special session of Parliament. 'The entire nation has one stand against terrorism. A special session of Parliament is necessary to pay tribute to those who sacrificed their lives in the Pahalgam attack and during Operation Sindoor,' Yadav said. Yadav also appealed to media organisations to report sensitively on national security matters. 'I had urged the media three days ago, with folded hands, to exercise caution while covering Operation Sindoor. I repeat that appeal today,' he emphasised. The ceasefire, facilitated following high-level discussions, including a call between U.S. President Donald Trump and PM Narendra Modi, has drawn mixed reactions from political leaders, though most remain unified in their support for India's armed forces and national security policies.
