HIGHLIGHTS OF THE WEEK

SIIC, IIT Kanpur, has been recognised by MSME as the Implementing Agency for the MSME Innovative Scheme’s “Design” sub-component. The ten awareness campaigns are designed to spread information about this popular programme and encourage technology initiatives among aspirant MSMEs, innovators, and young businesspeople. 

Weekly MSME News Updates

A remission and entitlement-based system will replace incentives in the new policy. It will have a dynamic strategy. There is no deadline to the policy, and we will keep updating and changing the document in response to input, said Santosh Sarangi. He added that a consultative mechanism would be implemented to resolve trade-related concerns.

Goyal appeared to imply that negotiations would go on after being asked how current events might affect the trade agreement. He asserted that there was no time limit for establishing an FTA, but the country’s former PM stated that the goal was to do so by Diwali. Talks with the EFTA are also ongoing, he claimed. 

By 2025, local demand for consumer electronics in India is anticipated to reach USD 21.18 billion. Electronics manufacturing has undoubtedly benefited from the “Make in India” and “Atmanirbhar Bharat” government programmes. The ecosystem of component suppliers in the supply chain must be strengthened for cost effectiveness, quality, and scale to satisfy international standards. 

The authority’s goal is to realistically evaluate India’s true equipment manufacturing capacity and arrive at recommendations for the government. It would make it possible for the Indian Broadcasting Equipment Manufacturing Sector to move from being reliant on imports to becoming a centre of indigenous manufacturing on a global scale. 

According to Sudiip Goswami, the majority of startups come from a product or solution that fits a specific customer need. Goswami outlined five elements that, in his opinion, are essential for startups to succeed. These included knowledge development, mentoring, tech teardown, breaking into the Indian accelerator and incubator scene, etc. 

CM Yogi Adityanath said that raising silk worms in addition to conventional farming could increase a farmer’s revenue by twofold. Additionally, he gave beneficiaries monetary support. The initiatives cost Rs. 11.38 crore in total. The chief minister also recommended innovative techniques like natural farming and using mulberries to create hedges on fields.

Global News

The trade agreement is essential for strengthening their battery supply networks and opening up access to a new $7,500 U.S. EV tax credit for Japanese automakers. The agreement calls for cooperation to counter other nations’ “non-market policies and practices,” which also seek to lessen U.S.-Japanese reliance on China for such materials. 

The manufacturing confidence indicator for ISTAT increased from 103.0 in February to 104.2 in March. The composite business morale indicator produced by ISTAT, which combines surveys from the manufacturing, retail, construction, and services sectors, increased from 109.2 in February to 110.2 in March, marking the highest reading since July. 

Kamala Harris unveiled plans to increase trade and investment in Tanzania with the goal of strengthening ties with the continent. Among the initiatives was a MoU between the Tanzanian administration and the Export-Import Bank of the United States (EXIM). US businesses can export products and services to Tanzania for up to $500 million in financing. 

The new agri-food export exchange rate aims to make it easier for all rural farmers to transact in foreign currencies while also attempting to help the country’s impoverished coffers. The “agricultural dollar” also aims to streamline import, export, and currency exchange rates for goods and services in the agro-export industry. 

The programme is a component of the city’s Economic Agenda D33 initiatives, which seek to solidify the city’s prominent position as a major international financial and commercial hub. The IPO Accelerator Programme will assist local companies on their route to expansion and IPOs, boosting the emirate’s capital markets. 

The NRF will provide co-investments in initiatives related to critical technologies, agriculture, renewable energy, and resource value addition. Ed Husic said that the fund is one of the biggest peacetime investments made in Australian manufacturing capacity. An independent board will be in charge of managing the fund, and it will choose its own investments. 

Industry Insights

Since 2010, markets currently offer the best potential long-term returns due to lower valuations and higher yields. Over the investment horizon of 10–15 years, the worldwide trend growth is expected to be 2.20%. Over the next two years, the high inflation of today is anticipated to decline. Investors will have more opportunity to accomplish long-term portfolio return goals once today’s market turbulence subsides.

eGrowth Activities

eGrowth Insights

Why eGrowth

Do reach out for sponsorship opportunities and some creative and pocket friendly MSME outreach solutions.

And remember to subscribe to our newsletter so that it reaches your email inbox every week.

Our Partners

eGrowth is a cost effective channel for you to expand your reach to manufacturers, importers, exporters, MSME service providers and MSME solution providers. We can design some  creative and pocket friendly MSME outreach solutions for you.