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.

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).

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.

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.

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.

Andhra Pradesh Industries Minister Mekapati Goutham Reddy has announced that an MSME (micro, small and medium enterprises) park will be established in Visakhapatnam soon.

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.

Amazon India has signed a memorandum of understanding with the Gujarat Industries and Mines Department to help drive e-commerce exports from the state.

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.