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The Latest Breaking News from MSMEs

MSMEs complain about repeated flooding, Minister says he will hold meeting with them

MSMEs in Chennai and its surrounding districts suffer from flooding in industrial estates, with little done to address the issue. Losses of ₹30-160 crore have been reported, and the government is holding meetings with insurance firms and bankers to help. Solutions are needed to prevent further losses.

The Hindu

Cyclone Michaung | MSMEs in Chennai seek time to repay loans, electricity charges

MSMEs need time to pay electricity charges & moratorium on loans. TN govt should include losses in relief fund & find permanent solution for estates. Tangedco has given time till Dec 18, & human chain protest planned for Dec 12 now on Dec 27. #MSMEs #TNGovt #Tangedco #ElectricityCharges #Moratorium #ReliefFund

The Hindu

Industries slowly resume operations, MSMEs continue to stay away from work

MSMEs in Chennai and surrounding regions remain closed due to flooding. Many factories operated with 50% workforce as workers in flood-affected areas could not commute. TN Small & Tiny Industries Association requested assistance from CM as losses run into crores. Automobile firms resumed ops, offering 50% discount on insurance claims.…

The Hindu

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Networking charges for rooftop solar energy panels discourage investments, say industries

Industries in Coimbatore say networking charges for rooftop solar energy discourage investments. Tangedco collects Rs. 1/unit from HT consumers, while MSMEs recently got a 50% reduction. 6,000 MW of solar energy installed in TN, with 1,000 MW added yearly. MSMEs want nil charges for rooftop solar, but HT consumers have…

The Hindu

MSME vendor development programme: Experts call for greater industry-academia collaboration

MSMEs urged to collaborate with academia to produce industry-ready engineers; customer-centric business model stressed for growth; MSMEs should focus on export to benchmark against world's best. #MSMEs #Academia #Industry #Customer-Centric #Export #Growth

The Hindu

Tangedco to not collect peak hour charges from MSMEs till installation of smart meters

Tamil Nadu MSMEs to receive ₹196.1 crore subsidy from Tangedco for non-collection of peak hour charges till smart meters are installed. Fixed charges increased by 430%, network charges levied for rooftop solar energy systems. MSMEs protesting, forming human chains on Dec 4. Open-end spinning mills on strike since Nov 7,…

The Hindu

Proposal for double property tax on buildings without plan approval will hit MSMEs in Karnataka

Kassia urged the Karnataka government not to take up proposals that hamper growth of MSMEs in India.

The Hindu

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Ability of MSMEs to adapt to changing environment triggers innovation: Rajnath Singh

Small industries have been showing ability to adapt to the changes more easily than large industries and it is the adaptability of small industries which increases the possibilities of innovation, said Defence Minister Rajnath Singh on Thursday while inaugurating the ‘India Manufacturing Show’ in Bengaluru.

The Hindu

Minimum wage issue: Trade bodies urge govt. to go against appeal on HC order

Trade bodies urge Karn. govt. to appeal HC order on min. wages; seek meeting with CM. FKCCI, BCIC, KASSIA, PIA ask for revision up to ₹31,000/month, fear MSMEs may have to shut down. Request CM to intervene, convene meeting to resolve issue.

The Hindu

How a climate-proofed MSME sector can drive Tamil Nadu’s EV leadership

The Hindu

Chamber urges Niramala Sitharaman to ensure early completion of projects in A.P.

Finance Minister Nirmala Sitharaman responded favourably to the appeals of AP Chamber of Commerce & Industry Federation for key projects in the State. Issues such as air connectivity, Vande Bharat sleeper trains, food processing sector, GST on naturally dried chillies, Oil Palm Board, bulk drug park, TCS on overseas travel…

The Hindu

DMK keen on protecting corrupt Ministers: BJP leader Annamalai

BJP's K. Annamalai accuses ruling DMK of protecting Ministers with corruption charges. He claims power tariff in TN is highest in India, hurting MSMEs. He also alleges Mahalir Urimai Thogai benefits few and TASMAC won't be closed due to DMK's vested interests.

The Hindu

Power cuts will hit MSMEs’ domestic, exports delivery commitments: trade bodies

MSMEs in Karnataka face bleak outlook due to power cuts; trade bodies urge govt. to buy additional power & promote renewable energy to reduce burden on main grids.

The Hindu

Tamil Nadu Government appeals to MSMEs not to get ‘instigated’

TN govt appeals to MSMEs protesting electricity charges; TNERC recommends tariff revision; MLAs move call attention motion to highlight need for govt intervention.

The Hindu

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The Hindu

MSMEs in Tamil Nadu to continue protests against high power costs

MSMEs in Tamil Nadu will stage protests on October 4 against high power costs. Talks with Tamil Nadu government on September 29 did not yield results.

The Hindu

Indian Navy to unveil ‘Swavlamban 2.0’ next week: Vice-Chief

Indian Navy to release 'Swavlamban 2.0' roadmap next week, surpassing target of developing 75 futuristic technologies in partnership with domestic MSMEs and startups. AoN obtained for 12 cases worth ₹1,500 crore; products worth ₹200 crore already signed. Fire-fighting suit and bot developed, export queries from other countries.

The Hindu

MSMEs suspended operations pressing for demands

MSMEs in Tiruchi suspended ops Mon as part of State-wide stir to press for withdrawal of hike in fixed power & peak hour charges. Fabrication units participated in strike. Cost of production up due to hike in power charges. Strike near total in Tiruchi district. Govt to meet industries assoc.…

Al Jazeera

‘We will be finished’: Modi manufacturing plan squeezes small Indian firms

Incentives to big manufacturers aimed at challenging China are threatening small businesses, India’s economic backbone.

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The Hindu

‘Financial literacy absent among most MSMEs in Karnataka’

Financial literacy is literally absent in a majority of Micro, Small and Medium Enterprises (MSMEs) in Karnataka, said C.A. Shashidhara Shetty, president, Karnataka Small Scale Industries Association (KASSIA).

The Hindu

All for small: On focus on the small enterprises

G-20 Ministers must strive to help MSMEs and integrate with global value chains as empowering them translates to societal empowerment

The Hindu

EESL CEO meets Chief Secretary, appreciates Andhra Pradesh’s energy efficiency initiatives

EESL CEO Vishal Kapoor met Chief Secretary K.S. Jawahar Reddy to discuss EMS to meet climate-change goals. Jawahar suggested EE tech for MSMEs to foster innovation and progress. CM Y.S. Jagan Mohan Reddy committed to advancing MSMEs by introducing latest tech. Kapoor stressed the need for MSMEs to embrace innovative…

The Hindu

PM Modi seeks level playing field for smaller e-commerce players

Prime Minister Narendra Modi, in his opening address to the G20 Trade and Investment Ministerial summit, said it was the collective responsibility of these 20 nations to rebuild confidence in international trade and investment processes as the world economy has been tested by the COVID-19 pandemic and geo-political tensions.

Bangkok Post

Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

Birmingham Post

Bristol businesses to benefit from £5m export support programme

The Institute of Export and International Trade says greater export for MSMEs is needed

The Hindu

Digital transformation must improve user experience and organisational behaviour, firms told

With technology emerging as an essential part of business, it is important for MSMEs remodel their business

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