'CBEC cannot curtail notified time limit for filing refund claims'

Business Standard

The micro, small and medium enterprise (MSME) sector reported a growth of 19.06 per cent in 2011-12, in terms of Entrepreneurs&rsquo; Memoranda (EMs), filed at the all-India level.

Filings to set up MSMEs grow 19% in 2011-12 

When it comes to employment generation, the Micro, Small and Medium Enterprises (MSME) sector is a clear winner in Uttarakhand, as compared to large companies.

SMEs generate more jobs in U'khand than large players

An industrial profile of Tamil Nadu&rsquo;s Sivaganga district says the development plan for the district includes initiatives to support the growth of SMEs, such as more cluster-specific allocations, support for skill development at the unit level, capacity-building, business incubation in selective engineering colleges and polytechnics, and creation of more techno-entrepreneurs.

Sivaganga growth plan focuses on clusters, skill development

Small and medium industrialists in the northern region are not worried by the hikes in minimum wages being announced by state governments at periodic intervals.

Labour crunch, not high wages pinches SMEs

German sportswear maker Adidas&rsquo; decision to shut down one-third of its Reebok stores across India and the decline in sports goods outsourcing from Indian manufacturers by other global brands like Puma and Slazenger, owing to tepid demand, has cast its shadow over Jalandhar&rsquo;s sports goods industry.

Jalandhar sports goods industry to see flat growth

We have an order from Bharat Heavy Electricals, or BHEL to provide erection services for a power project abroad. Our work order is in dollars. So, we have the option to receive payment in dollars or rupees.

'Those providing services abroad are liable to pay service tax'

The social media is yet to be embraced by small and medium enterprises (SMEs), who are still to develop a sense of comfort in the use of information technology (IT).

SMEs yet to embrace the social media

The scientific instruments cluster of Ambala may soon get a tool room for micro, small and medium enterprises (MSMEs). The directorate of industries is working to approve a grant of Rs 15 crore for the cluster for the setting up of a tool room, said Amarjeet Singh, the president of ASIMA (Ambala Scientific Instruments Manufacturers Association).

Ambala cluster to get Rs 15 cr to set up tool room

With an eye on higher margins, Gujarat-based small and medium-sized pharmaceutical manufacturers are focusing on export markets, especially emerging economies such as African and Latin American nations.

Gujarat pharma SMEs bet on Africa, LatAm for exports

Leather units &ndash; mostly small and medium enterprises (SMEs) &ndash; in Ambur, Vaniyambadi and Pernambut in Tamil Nadu&rsquo;s Vellore district have been forced to suspend operations owing to the continuous power crisis in the state, said industry representatives. Some 2,000 people had moved out of the industry, they added.

Power cuts force Tamil Nadu leather units to suspend ops

For industrial units &ndash; especially small and medium enterprises &ndash; who are faced with bleak power situations that hurt their efficiency, here is a model of how power woes can be addressed.

Faridabad SMEs to buy power from pvt discom

The allocation of 60 per cent of advances to micro and small enterprises (MSEs) to micro enterprises is taking place in three stages &mdash; 50 per cent in 2010-11, 55 per cent in 2011-12 and 60 per cent in 2012-13, said the minister. He was replying to a question in the Lok Sabha.

Bank credit to MSMEs up 9% in 2011-12

Bamboo houses, yoga centres, laundry facilities, souvenir manufacture, bakery products &mdash; these are the kinds of micro enterprises that can easily be nurtured in Uttarakhand, according to experts.

Uttarakhand to boost entrepreneurship

The Haryana government will focus on cluster development as one of the strategies for industrial development in the state, and proposes to set up common facility centres in partnership with industry.

3 industrial clusters approved in Haryana

A significant increase in the prices of woollen yarn over the past one year and the slowdown in the European markets have failed to dampen the spirits of Punjab&rsquo;s shawl industry. Putting last year&rsquo;s negative growth of 25 per cent behind it, it is expecting a 10-15 growth this year.

Punjab shawl industry to grow 10-15% this year

As per Para 4.1.5 of the Foreign Trade Policy (FTP), &lsquo;advance authorisation and/or material imported there under will be subject to Actual User Condition&rsquo;. As per Para 9.5 of the FTP, &lsquo;&ldquo;Actual User (Industrial)&rdquo; means a person who utilises imported goods for manufacturing in his own industrial unit, or manufacturing for his own use in another unit, including a jobbing unit.&rsquo; Therefore, you can send the duty free goods imported under advance authorisation to a job-worker.

'Manufacturers supplying goods to SEZ units can claim excise rebate'

RBI&rsquo;s effort in easing liquidity does not seem to be working. While bond and treasury yields have eased, companies, especially the mid and small sector, are being deprived of funds. The SME segment, which is the supplier of intermediate goods to bigger corporates and employs a large workforce, is unable to garner funds from banks.

RBI data suggests banks slow down lending to SMEs

Sunil Ohri, a small-scale entrepreneur from Ambala Cantonment (200 km north of Delhi) ventured into his own business of software development in January 2008. That was when the global financial meltdown devastated many businesses engaged in outsourcing. Ohri, then in his mid-twenties, ploughed on.

Start-ups are alive and kicking in Punjab

Chemical units in Gujarat are increasingly focusing on research and development (R&amp;D) and technological upgradation of their existing facilities. According to industry players, units are spending a larger share of their turnover on R&amp;D and upgradation, compared to earlier years.

Gujarat chemical units spend more on R&D, technology

The Tamil Nadu government has said that it is taking steps to ensure a minimum of four hours of continuous power supply to micro and small enterprises. The announcement comes at a time when industry is facing power cuts of about 14 hours a day in the southern parts of the state.

TN govt assures 4 hours power supply to MSMEs

SME: Find all the latest news on Small and Medium-Sized Enterprises in India. Explore more for the top headlines about SME sector on Business Standard.

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