We have received a letter of credit, which calls for &lsquo;full set of bill of lading made out to order and blank endorsed&rsquo;.

'SHIS scrip can be used to pay duty on capital goods'

Business Standard

The Ministry of Micro, Small and Medium Enterprises has compiled a draft public procurement policy (PPP). While all the contours have been put in place, the ministry is engaged in last-mile discussions with some ministries that have raised concerns about the quality and quantity of procurement.

MSME Ministry readying  procurement policy

It&rsquo;s a double whammy for Haripada Basak, a member of the Fulia Progotisil Tantubay Samiti (FPTS) co-operative. First, recession ensured that export orders dried up, and then came spiralling thread prices. Clearly, the much talked about recovery from the slowdown is only a mirage for Basak.

Recovery a mirage for Fulia's weavers

Two German industry bodies have tied up with five Indian micro, small and medium enterprise (MSME) representative agencies to usher in professionalism and expertise in their management, and improve their access to services.

German industry bodies tie up with MSME agencies

With the micro, small and medium enterprises (MSMEs) in Gujarat emphasising more on production than on innovation, intellectual property (IP) experts are calling for shift of focus.

MSME should invest in innovation for knowledge protection: CII

Over 76,000 small and medium enterprises (SMEs) in Haryana are operating below capacity due to erratic and inadequate power supply.

Haryana SMEs hit by erratic power supply

The Council for Leather Exports has identified around 20 countries on the basis of quality and cattle population.

Leather units seek newer raw material sources

Against our deemed export supplies, we have claimed refund of terminal excise duty, as per Para 8.3 (c) of the Foreign Trade Policy (FTP).

'Exporters may claim refund of education cess'

While several small and medium enterprises (SMEs) are adopting ERP solutions and other methods of financial transparency, HR experts believe these units also need to adopt HR best practices.

SMEs should adopt HR best practices

Exemption of import duty on edible oils (since 2008) has resulted in an unprecedented rise in imports during the recent oil year (November 2008-October 2009) as well as boosted the per capita consumption of oil in the country, but it has had a negative impact on small and medium-scale oil processing units.

Import duty exemption hits Karnataka oil mills

Scrap merchants are looking to liquidate inventories in view of the high prices that non-ferrous metals are fetching .

Scrap dealers look to liquidate metal stocks

The papad and warrian cottage industry of Amritsar is losing its lustre as a result of problems like imitation, labour shortage and high raw material cost. Manufacturers worry that if the trend continues, this traditional cluster will lose its identity as a papad and warrian industry hub.

Amritsar papad industry loses its lustre

The engineering industry in Rajkot, which is growing at more than 25 per cent a year, has hit a bottleneck in the shape of a labour shortage.

Shortage of labour hits engineering units in  Rajkot

The revision in the minimum support price of wheat has helped the farmers of Punjab, but put the state&rsquo;s wheat processing units in a bind. Punjab has over 70 roller flour mills.

Punjab roller flour mills in a bind

The small and medium enterprises (SMEs) operating in and around Tiruchirapalli (Tiruchy) plan to invest around Rs 250 crore to upgrade their facilities. Most of these enterprises are engineering units and predominantly cater to public sector company Bharat Heavy Electricals Ltd&rsquo;s (BHEL&rsquo;s) units. These have also decided to join hands to address the capacity issue.

Smaller units catering to BHEL in Tiruchi to increase capacity

Can the bill of entry or shipping bill be amended after the clearance of goods from the customs area.

'The law allows amendment to a shipping bill even after clearance'

Small and medium handset manufacturers in West Bengal are likely to increase prices by 5-8 per cent within a month, if the value added tax (VAT) in the state is not brought down to 4-5 per cent.

Small handset makers in Bengal may raise prices

While a rising rupee may have been troubling exporters lately, the last one year has seen an increase in number of small and medium enterprises (SMEs) in Gujarat in IT sector opting for hedging of receivables. According to industry players, while so far IT SMEs in Gujarat were oblivious to hedging, the units are are now working hard on improving their finances and foreign exchange remittances. So much so that at least 3-4 IT SMEs have begun hedging receivables since past one year.

IT SMEs in Gujarat dabble in hedging of receivables

With cotton yarn exporters unable to pass on rising prices to recession hit Western markets, the Confederation of Indian Textile Industry (CITI) has called for steps to deal with issues of unviable cotton prices as well as uncompetitive power cost and labour cost on all segments of the textile chain.

DEPB incentive withdrawal may further dent cotton yarn exports, fears CITI

With a significant shift in consumer preferences, from unbranded to branded innerwear, the players are going all out to establish brand recall and bring new consumers into their fold. To woo the youth (16-25 age group), companies are looking at brand extension segments like leisure wear and are also increasing focus on design and development.

Innerwear makers eye leisure wear segment

Appreciation of the Indian rupee against the US dollar and the euro has dealt a big blow to Tamil Nadu&rsquo;s garment and leather exporters. Representatives of the two industries, which are dominated by small and medium enterprises (SMEs), estimate their loss over the last three months alone at Rs 150 crore.

Rise in Re hits TN leather, garment exporters

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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