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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Confederation of Indian Industry (CII) has made it clear that conventional method of financing should be supplemented with non-conventional ones. CII has emphasized the need of non-conventional financing as part of the new study.

The study quotes, Uday Kumar Varma, secretary in ministry of MSME, saying “Conventional financing is not enough to help the MSME ...

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Just two years ago, the machine tool industry, an important component of manufacturing activity, had been struggling. It remained incapable to pay wages to workers and didn’t have the ability to retain them. The slowdown in industrial activity and cancellation of orders led to this turmoil. This sector now has recovered and is recruiting large no. ...

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The Confederation of Indian Industry (CII) recommended that the Reserve Bank of India (RBI) take additional measures to step up bank credit to help the MSME sector. The point was made on the basis that credit to MSMEs has been particularly weak, reducing the ability to handle issues like elongated payment cycles. The need was for RBI to step up ...

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