Oct 20, 2022 Rajasthan approves Rs 100 crore additional package for small businesses Rajasthan Government has approved an additional financial support of Rs 100 crore for a scheme to promote small businesses. A financial package of Rs 150 crore has been proposed under the ‘Mukhyamantri Laghu Protsahan Yojana’ in the 2022-23 budget to encourage MSMEs and for easy loan access to investors.
Aug 20, 2022 Oppo to invest $ 60 million in India Chinese smartphone maker Oppo will invest $ 60 million in India over the next five years under its ‘Vihaan’ project to strengthen the manufacturing ecosystem by empowering small and medium enterprises (SMEs) as well as micro, small and medium enterprises (MSMEs).
Jun 20, 2022 MSME units worth Rs 3586 cr to be set up in Uttar Pradesh Uttar Pradesh a major economy and creating employment opportunities, projects consisting of over 865 units of MSME worth Rs 3586 crore will be set up in the third ground-breaking ceremony in the state.
Jun 05, 2022 AP government to develop MSME Cluster at a cost of Rs. 123 crore Under the Micro, Small Enterprise Cluster Development Program (MSE-CDP), seven new factory clusters along with 13 clusters will be constructed. APIIC informed that the project reports related to the development of 13 MSE clusters at a cost of about Rs 123.07 crore have been prepared and submitted to the Central Government for approval. Proposals for the clusters, which will be developed on 2,111.59 acres, have been sent to the MSME DC office in New Delhi.
Apr 20, 2022 Odisha gets Rs 837 crore SIDBI loan to develop MSME projects Small Industries Development Bank of India (SIDBI) has sanctioned a Rs 837 crore support under its cluster development fund scheme to Odisha to help develop 18 MSME infrastructure projects. The projects include development of five new MSME parks, construction of 11 workers hostels and two projects to support MSME infrastructure.
Dec 05, 2021 Visakhapatnam to get another MSME Park soon: AP State Industries Minister Andhra Pradesh Industries Minister Mekapati Goutham Reddy has announced that an MSME (micro, small and medium enterprises) park will be established in Visakhapatnam soon.
Nov 05, 2021 MSMEs support Govt plan of setting up semiconductors manufacturing unit Amid a global semiconductor shortage, work on India’s first semiconductor manufacturing unit is expected to begin in mid-2022. The government is working on a roadmap for an ecosystem for designing, manufacturing and packaging of semiconductor chips.
Oct 05, 2021 Amazon signs pact with Gujarat to boost state MSMEs' e-commerce exports Amazon India has signed a memorandum of understanding with the Gujarat Industries and Mines Department to help drive e-commerce exports from the state.
Sep 20, 2021 State gives Rs 1,124 crore push for MSMEs, mills The Andhra Pradesh government will release Rs. 1,124 crore as incentives to support micro, small and medium enterprises, textile and spinning mills. While MSMEs will get a Rs. 440 crore push, textile and spinning mills will be allotted Rs 684 crore.