Category: MSME

The Finance Minister, Smt. Nirmala Sitharaman, presented the Union Budget 2025-26 on February 1, 2025, introducing key reforms aimed at strengthening India’s Micro, Small, and Medium Enterprises (MSME) sector. The much-anticipated Union Budget 2025 has arrived, carrying immense significance for India’s 63 million Micro, Small, and Medium Enterprises (MSMEs), the backbone of the nation’s economy. With MSMEs contributing nearly 30% to India’s GDP and employing over 110 million people, every fiscal policy shift profoundly impacts their growth, sustainability, and workforce stability. This year’s budget was expected to address pressing challenges—access…

The Union Budget 2025, slated for February 1, brings immense anticipation as stakeholders across the Micro, Small, and Medium Enterprises (MSME) sector await transformative measures to address their pressing challenges and unlock their full potential. The Micro, Small, and Medium Enterprises (MSMEs) sector is vital to the Indian economy, serving as a cornerstone for job creation, entrepreneurship, and economic resilience. Comprising over 70 million businesses, the MSME sector contributes nearly one-third of India’s annual gross value added (GVA) and employs over 216 million individuals. With the Union Budget 2025 on…

The India International Industrial Expo 2024 (IIIE 2024), hosted by the Kerala State Small Industries Association (KSSIA) in partnership with Metro Mart, has emerged as a landmark event for the Industrial, Manufacturing, and Engineering sectors. Held from December 13 to 15, 2024, at Kochi, Kerala, the expo is a beacon of innovation and collaboration, uniting global experts, cutting-edge technologies, and revolutionary ideas under one roof. A Grand Beginning Inaugurated by Chief Minister Pinarayi Vijayan, the event was graced by an illustrious panel of dignitaries, including Industries Minister P. Rajeev, Finance…

The passing of Ratan Tata marks the end of an era for India’s business world and the global entrepreneurial community. A leader whose name was synonymous with ethical business practices, innovation, and philanthropy, Ratan Tata’s influence extended far beyond the boardroom. As the former chairman of the Tata Group, he took the conglomerate to unprecedented heights, establishing it as a globally respected brand while remaining deeply rooted in the values of integrity, compassion, and social responsibility. Ratan Tata was not just a successful businessman; he was a visionary who saw…

On July 23rd, Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25, emphasizing support for Micro, Small, and Medium Enterprises (MSMEs). This year’s budget introduces innovative measures to drive growth, technological advancement, and global competitiveness within the MSME sector. Here are the key updates and their potential impact: Focus on Innovation and Technological Advancements The budget has introduced several measures aimed at fostering innovation within the MSME sector. Initiatives designed to encourage technological advancements and the development of new business models are at the forefront. MSMEs…