A new scheme termed as 'Niryat Bandhu' has been launched by the Union Government for mentoring first generation SMEs. Under this new scheme, a designated officer 'Niryat Bandhu' would mentor entrepreneurs to start a new international business.

Officers of Directorate General of Foreign Trade will invest time and knowledge so as to mentor interested candidates who want to do business in ...

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Prime Minister Dr. Manmohan Singh says that Small businesses are capable to compete with large companies. The New Foreign Direct Investment (FDI) policies are been framed keeping into consideration the interest of retail and small business sector. It is believed that the new policy is going to bring good days for farmers and consumers.

FDI in retail can be a ...

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Confederation of Indian Industry (CII) welcomes National Manufacturing Policy (NMP)'s support for MSME manufacturing. It also applauds NMP for support that has been extended to the employment-intensive industries for job creation. Special focus is on textiles, garments, footwear, leather, gems, jewelry and food processing industries.

Inadequate access to finance has remained a limiting factor to MSMEs for years. Lack of financial ...

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Small and Medium Enterprises(SME) Exchanges are likely to be exempted from Securities Transactions Tax (STT) by Government. STT is a levy on purchase or sale of shares. SME exchanges are supposed to be made operative by Securities and Exchange Board of India (SEBI) with government support within next two months.

Concessions to the SME exchanges are available so ...

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The Shawl industry manufacturers expect 15 to 20 per cent growth this year. This industry is estimated at Rs 1,000 crore. An early winter, a good monsoon and an increasing demand in international market have confirmed a smattering 15-20 per cent growth of business in this current year.

Manufacturers have started to make improved designs and have ...

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