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Biz2Credit Advisor The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs manufacturing auto component so as to meet the growing demand of automobiles in the country. According to Jayant Davar, ...
TAGS Tags: ACMA, economic, growing demand of automobiles, industry, recovery, SMEs, SMEs manufacturing, US and European markets
CATEGORIES Auto, Industry Expert, Operational Advice
At the request of the ministry of micro, small, medium and micro enterprises (MSME), the Federation of Indian Micro and Small and Medium Enterprises (FISME) has kick-started the process of developing a draft law on insolvency and bankruptcy for such enterprises. Earlier this month it organised a meeting with economic and legal experts on insolvency. The meeting was attended by Sangeeta ...
