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Business Economy


“MSMEs create employment for 120 million people in India”: Pravin Daryani

Hyderabad, Jan 6 (UNI) A&A Group Chairman and Managing Director Pravin Daryani has said that MSMEs was creating employment to 120 million people in India, which was more than the total population of Germany, Malaysia and Singapore combined.
They contribute 38 per cent of the overall GDP of India (approximately Rs 54,450 crore) which was more than the total GDPs of Bangladesh, Pakistan and Sri Lanka put together, Mr Pravin said.

Indian Institute of Learning and Development (IILD), a leading name in MSME businessmen coaching in India which forayed to Hyderabad and opened a branch recently here and observed Entrepreneurs’ Day on Friday. IILD is a subsidiary of A&A Group.

In a statement here on Saturday, Mr Pravin said “MSMEs are progressive because they are already walking on the path of progress. We want to make them realize their might and how they can influence commerce, economy and the entire ecosystem. Entrepreneurs’ Day celebrates their existence.”
In the past decade India has seen a meteoric increase in the number of businesses, and a paradigm shift in people’s attitude towards business. The MSMEs, although largely unorganized, form an indispensable part of the country’s business landscape. They need immediate recognition from the populace that has benefitted much from their business activities, he said.
As a gesture of goodwill, IILD’s team of trainers and consultants conducted training on ‘professionalism at workplace’ at the offices of more than a 100 companies from textile, pharmaceutical, automotive, engineering, food and other industries across the country. The training sessions covered approximately 3,000 employees at companies based in Hyderabad, Mumbai, Ahmedabad, Indore, Ludhiana, and Delhi. The mega events was based around the theme “catalysing a cultural shift at workplaces”, the statement added.
UNI VV CS 1651
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Global economic risks & imbalances reinforce need to strengthen global co-operation: FM

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New Delhi, Oct 20 (UNI) Union Finance Minister Nirmala Sitharaman has said that the global economic risks and imbalances reinforce the need to strengthen global co-operation at the multilateral level, besides governmental initiatives.

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Vibrant Goa will attract world business to Goa: Goyal

19 Oct 2019 | 9:32 PM

Panaji, Oct 19 (UNI) Union Minister for Commerce and Industry Piyush Goyal on Saturday said Vibrant Goa venture has truly become successful advent to attract the people from all around the world to do business in Goa.

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Banks to launch second phase of Customer outreach initiative in UP

19 Oct 2019 | 8:07 PM

Lucknow, Oct 19 (UNI) The second phase of the Customer Outreach Initiative programme, announced by the Union Finance Ministry, would be launched in 19 districts of Uttar Pradesh, from October 21 to 25.

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Vibrant Goa will boost economic activity in Goa: Piyush Goyal

19 Oct 2019 | 7:38 PM

Panaji, Oct 19 (UNI) Union Minister for Commerce and Railways Piyush Goyal on Saturday said that the Vibrant Goa-Global Expo and Summit (VG-GES) 2019 would be the forerunner of active economic growth in the state of Goa.

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