MASSIVE $11 billion by 2030: Soaring industry! Modi Govt. lists 4 drone companies in OPERATION SINDOOR’s Aatmanirbhar innovation

OPERATION SINDOOR’s Aatmanirbhar Innovation: Indian drone market is projected to reach $11 billion by 2030, accounting for 12.2% of the global drone market. The integration of drone warfare into India’s military doctrine owes its success to years of domestic R&D and policy reform and the ban on imported drones since 2021 has acted as a […]

Continue Reading

At $329 billion, Tamil Nadu about to overtake Pakistan’s GDP

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In 2004-05, Pakistan’s GDP was $132 billion, while Tamil Nadu’s GSDP was only $48 billion. By 2023-24, Tamil Nadu’s GSDP has nearly equalled Pakistan’s GDP, reaching $329 billion, highlighting a growing economic divergence. Pakistan’s economic position, […]

Continue Reading

Supreme Court upholds quashing of contract awarded to MSME acting on behalf of Amazon

The Allahabad High Court had held that entities acting on behalf of foreign companies were expressly excluded from receiving MSME benefits. The Supreme Court recently upheld an Allahabad High Court decision quashing the award of a ₹37.92 crores cloud services contract to CloudThat Technologies, a registered Micro and Small Enterprise (MSE), on the ground that […]

Continue Reading

MSMEs call for relaxations in the new FEMA regulations for exports and imports

Small businesses are calling for relaxations in proposed regulations for exports and imports under the Foreign Exchange Management Act (FEMA), saying a one-size-fits-all solution would disadvantage them. MSMEs or micro, small and medium enterprises, say the draft regulations, which were open for public consultations till 30 April, don’t have enough provisions for their exports of […]

Continue Reading

Chandrakant A. Salunkhe Emphasizes SME-Led Growth at GEMS of Maharashtra 2025 Panel

Mr. Chandrakant A Salunkhe – Founder & President, SME Chamber of India and MAHARASHTRA INDUSTRY DEVELOPMENT ASSOCIATION addressing the delegates during Panel Discussion on Progress & Promise: Investing in Maharashtra’s Next Growth Chapter. Others (L to R) Ms. Kavita Thapliyal – ET Now Swadesh (Moderator), Mr. Ashutosh Limaye – Co-Head, Strategic Advisory & Valuations, ANAROCK […]

Continue Reading

INTERACTIVE MEETING WITH Hon’ble Minister of State

Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Federation of Indian SME Associations (FISA) as well as Maharashtra Industry Development Association paid courtesy visit to Shri Prataprao Jadhav – Hon’ble Minister of State (Independent Charge), Ministry of Ayush, Government of India on 14th May 2025 at New Delhi.

Continue Reading

Fizzled out at NCLAT: No fizz for interest on unpaid MSME dues

NCLAT in the matter of SNJ Synthetics Limited vs. PepsiCo India Holdings Private Limited, rejected the Section 9 application filed by an MSME operational creditor on the ground that the amount of default (excluding interest accrued as per Sections 15 and 16 of MSMED Act) was less than the limit stipulated under section 4 that […]

Continue Reading

DP World launches sustainable cold chain facility in Navi Mumbai

The facility, spanning 1,10,000 square feet, is capable of catering to a wide array of products, including dairy, frozen foods, seafood, meat, pharmaceuticals, and perishable agricultural produce. DP World, a global provider of end-to-end supply chain solutions on Wednesday announced the launch of a sustainable cold chain warehouse in Taloja, Navi Mumbai. The facility is […]

Continue Reading

Bharat Telecom 2025: India emerges as hub of telecom manufacturing, network innovation

Bharat Telecom 2025 included multiple panel discussions with panellists deliberating and discussing themes such as ‘Telecom API Economy’, ‘Private Networks for Industry 4.0’ and ‘Next-Gen Broadband: The Catalyst for a Digital Leap’. The Telecom Equipment and Services Export Promotion Council (TEPC), in collaboration with the Department of Telecommunications (Dot), organised the 22nd edition of the […]

Continue Reading

SIDBI on MSMEs: Rs.30 lakh crores gap persists despite credit push, need for sector-focused policies

The latest survey on the progress of Indian MSMEs and challenges faced — noted that timely and adequate credit access is one of the key challenges for the MSME sector, which has an addressable credit gap of around Rs. 30 lakh crores despite increasing credit supply. Even as the Government has taken multiple policy measures, […]

Continue Reading