January 2025 – SME E-News

India’s exports grow by 6% as both merchandise and services exports overcome global headwinds, global competition and rising protectionism: Economic Survey 2024-25

January 31, 2025February 5, 2025SME E-NewsLeave a Comment

India’s share in global services exports doubles from 1.9% in 2005 to 4.3% in 2023. Gross FDI increases from USD 47.2 billion to USD 55.6 billion in the first eight months of FY25 over the same period of FY24. India’s foreign exchange reserves stood at USD 640.3 billion at the end of December 2024. India’s […]

Credit Guarantee Scheme for MSMEs

January 30, 2025February 6, 2025SME E-NewsLeave a Comment

The Government of India has introduced the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aiming to ease credit constraints and propel growth in the manufacturing sector. About: The Micro, Small, and Medium Enterprise (MSME) sector forms the backbone of the Indian economy, contributing significantly to employment, innovation, and economic growth. Within the MSME landscape, the manufacturing sector plays a crucial role, […]

Shri Chandrakant Salunkhe Invited by J&K CM Omar Abdullah to Discuss Industrial Growth and SME Development

January 29, 2025February 5, 2025SME E-NewsLeave a Comment

Shri Chandrakant Salunkhe Founder and President SME Chamber of India and Federation of Indian SME Associations has been invited by Hon’ble Chief Minister of Jammu and Kashmir Shri Omar Abdullah on 29 January 2025 to give inputs for enhancement of industrial activities and setting up manufacturing and SME Business in J & K.

Shri Chandrakant Salunkhe Recognized for Transforming the SME & Manufacturing Landscape at Udyog Sammelan organised by ZEE media

January 27, 2025February 3, 2025SME E-NewsLeave a Comment

Shri Chandrakant Salunkhe, Founder & President, Maharashtra Industry Development Association and SME Chamber of India was felicitated by Hon’ble Minister for Industry of Maharashtra, Shri. Uday Samant and Hon’ble Minister for Skill development Shri Mangal prabhat Lodha at Udyog Sammelan organised by ZEE media for his Exemplary Contribution for the growth and empowerment of SME, […]

India’s finished steel imports from China hit 7-year high in April-Dec

January 27, 2025February 3, 2025SME E-NewsLeave a Comment

India’s finished steel imports from China touched their highest levels in at least seven years during the first nine months of the financial year that began in April, according to provisional Government data reviewed by Reuters on Monday. China, the world’s top steel producer, shipped 2.1 million metric tons of finished steel to India during […]

MSME industry bodies seek RBI support for easier priority sector lending

January 26, 2025February 3, 2025SME E-NewsLeave a Comment

The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakhs per borrower. Hence, NBFCs funding to MSEs is now restricted. The micro, small and medium enterprise (MSME) industry bodies have requested that the Reserve Bank of India (RBI) classify credit provided by banks to non-banking financial […]

India’s exports hit a record high despite a global trade slowdown

January 26, 2025February 3, 2025SME E-NewsLeave a Comment

Focus on certain countries and products has led to increased exports. Can this be sustained? INDIA’S MERCHANDISE foreign trade data for October 2024 came packed with a pleasant surprise. The export value of 10 key products was the highest ever in India’s trade history. Non-petroleum product exports were also at a record $34.61 billion. A […]

Of 61 Davos deals for Maharashtra, 51 are with Indian firms, with 43 already in Mumbai-Pune: Congress leader

January 24, 2025February 3, 2025SME E-NewsLeave a Comment

State Congress Chief questions BJP’s claims of big investments, job creation at the World Economic Forum in Davos; claims these deals show Government is promoting criminals, black-market activity. Maharashtra Congress president, Nana Patole has called on the State Government, led by Chief Minister, Devendra Fadnavis and the previous Eknath Shinde-led administration to release a white […]

Zetwerk mafia on fundraising spree: Scimplify, CBCatalyst, Sanlayan discuss new rounds

January 23, 2025February 3, 2025SME E-NewsLeave a Comment

While Scimplify is likely to raise $30 million, Sanlayan is in talks to raise $20 million. CBCatayst is discussing a $1 million deal and Lightspeed is in advanced stages to back a former business head at Zetwerk in a $5 million deal, multiple sources told Moneycontrol. A new ‘startup mafia’ is emerging from the ranks […]

MSMEs squeezed even for decent margins: Small businesses call for Govt. funding in Budget to adopt sustainability

January 22, 2025February 3, 2025SME E-NewsLeave a Comment

Support to the millions of MSMEs, the backbone of the economy, is absolutely vital to inch closer to India’s green goals. India has its long-term goals of achieving net-zero by 2070 and meeting 50% of electricity needs from non-fossil sources by 2030. To be in sync with such targets, companies need to focus on sustainability […]

Month: January 2025