Friday, Jun 5 2020 | Time 15:06 Hrs(IST)
  • UNADAP appoints Madurai salon owner's daughter as 'Goodwill Ambassador to the Poor'
  • UNADAP appoints Madurai salon owner's daughter as 'Goodwill Ambassador to the Poor'
  • Op Kalakote: Terrorist killed, Pak-made mine, ammunition seized
  • COVID-19: Second patient recovers after plasma therapy in K'taka
  • Brazilian club Ceara report 17 positive coronavirus cases
  • Another setback to Congress before Gujarat RS polls, third MLA resigns
  • Locust species found in Dakshina Kannada not harmful: Experts
  • Railways is committed to providing world class facilities to its passengers
  • Rare white Albino Python spotted at K'taka's Kavalakatte
  • Quarantined govt employee dies in UP's Etah
  • Bodies of two employees found in hotel's water tank in Thane
  • Under-trial, grocer with no travel history test COVID 19 positive in Guwahati
  • Mah: Hingoli reports six new COVID-19 cases
  • UNSC Election candidature: India sets out priorities
  • Meghalaya yet to decide on reopening of educational institutions
Business Economy


MSMEs in forefront of manufacturing, export and job creation: Giriraj Singh

MSMEs in forefront of manufacturing, export and job creation: Giriraj Singh

New Delhi, Feb 5 (UNI) Union MSME Minister Giriraj Singh on Tuesday said the endeavour of his ministry was to constantly upgrade the technologies adopted by MSMEs to churn out quality products in order to make them marketable and competitive.

Addressing the Stakeholders Consultation Meeting, he said MSMEs were today in the forefront of manufacturing, export and employment creation.

This, he said, was made possible through measures such as increasing the limit for provision of collaterals free loans to Rs two crore, technology upgradation, cluster development vendor development and schemes aimed at extended financial benefits to SC-ST entrepreneurs.

The Minister said as a result of the various initiatives under the National Scheduled Caste-Scheduled Tribe Hub (NSSH) launched in October 2016, the procurement of CPSEs from SC-ST MSEs had increased significantly to 0.52 per cent from 0.04 per cent four years ago.

He also mentioned that while the achievement target is 4 per cent, the Ministry of MSME and all CPSEs are on the right path towards achieving it. Mr Singh urged CPSEs to raise their procurement from MSMEs and break the "barrier" of 25 per cent and strengthen their 'sambandh' with MSMEs order to bring about inclusivity and growth.

On the occasion he also felicitated select Central Public Sector Enterprises (CPSEs) for their exemplary work under the Public Procurement Policy for promotion of SC/ST entrepreneurs.

As many as 14 CPSEs for the Maharatna, Navratna, Miniratna and general categories were awarded based on the parameters available on the Public Procurement Portal, MSME Sambandh.

The "Stakeholders Consultation Meeting under National SC/ST Hub - Creating Ecosystem for SC/ST Entrepreneurs", organised by the Ministry of Micro, Small and Medium Enterprises in association with the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises and FICCI witnessed participation from over 70 CPSEs from across the country.

Mr Singh reiterated that the Public Procurement Policy wherein all Central ministries, departments and PSEs have to procure a minimum 25 per cent of the total annual purchase or services from MSEs. Of the annual requirement of 25 per cent, 4 per cent is earmarked for units owned by SC-ST entrepreneurs.

In addition, 358 items are reserved for exclusive purchase from the MSEs.

This was followed by felicitations of all award winners by the Minister. Winners in the Maharatna Category included Indian Oil Corporation Limited, Bharat Heavy Electricals Limited, Bharat Petroleum Corporation Limited. Navratna Category winners included NMDC Limited, NBCC (India) Limited, Bharat Electronics Limited. In the Miniratna (I and II) category, National Small Industries Corporation Limited, MSTC Limited, MMTC Limited, National Film Development Corporation of India, PEC Limited. In the General Category, ECGC Limited, Food Corporation of India, Jute Corporation of India Limited were awarded.

UNI SW SY 1821

More News

Shoolini University Enters the Top Slot of THE Awards Asia 2020

05 Jun 2020 | 2:57 PM

SOLAN, India, June 5, 2020 /PRNewswire/ - Ten year old Himachal-based Shoolini University figures in the prestigious Times Higher Education (THE), the World's leading agency for ranking Higher educational Institutions, shortlist for the 'THE Awards Asia 2020'.

see more..

Hublot Launches the BIG BANG e

05 Jun 2020 | 2:56 PM

NYON, Switzerland, June 5, 2020 /PRNewswire/ - Hublot first released the Big Bang in 2005. Since then, this model has come to embody Swiss watchmaking in the third millennium.

see more..

Sun Pharma initiates Phase II clinical trial on AQCH

05 Jun 2020 | 2:54 PM

Mumbai, Jun 5 (UNI) Sun Pharmaceutical Industries said that it has commenced Phase II clinical trial on AQCH, a phytopharmaceutical (plant derived) drug for treatment of COVID-19.

see more..
Rupee ends negative at 75 58 against USD

Rupee ends negative at 75 58 against USD

05 Jun 2020 | 2:52 PM

Mumbai, Jun 5 (UNI) The Rupee on Friday closed negative at 75.58, easing by one paisa against the greenback on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.

see more..
Zydus Cadila receives final approval from USFDA for Atazanavir capsules

Zydus Cadila receives final approval from USFDA for Atazanavir capsules

05 Jun 2020 | 2:50 PM

Mumbai, Jun 5 ( UNI) Pharma major Zydus Cadila on Friday said that it has received final approval from the USFDA to market Atazanavir Capsules (Reyataz Capsules) in the strengths of 150 mg, 200 mg and 300 mg.

see more..