High prices of iron-ore and pellets forcing small secondary steel units to close shops

Unprecedentedly high prices of iron-ore and pellet are compelling small secondary steel units in various states including West Bengal to down shutters or curtail production. In West Bengal, at least five such MSME units have closed down while 100-115 others curtailed production between 15 and 50 per cent, Steel Re-rolling Mills Association chairman Vivek Adukia […]

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SME chemicals sector set for rebound in revenue: CRISIL SME Tracker

Small and medium enterprises (SMEs) in the domestic chemicals sector are on course for 18-23 per cent revenue growth in the current fiscal year (FY22), mainly owing to recovery in domestic demand and higher realisation due to a rise in the prices of chemicals, stated a report from CRISIL SME Tracker. Moreover, an ongoing surge in exports as importer-countries reduce […]

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Indian jewellery exporters contact mines directly to supply small quantity of rough diamonds to SMEs

Faced with an irregular supply of quality diamonds, which is hurting domestic sales and exports, diamond processors, under the aegis of the Gems and Jewellery Export Promotion Council (GJEPC), are in talks with leading global miners to accommodate small and medium enterprises (SMEs) into their sightholders’ list to deal with them in small quantities of […]

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Banks’ failure to help jewellery exporters compels them to seek Rs 6,000-cr tech upgrade fund for working capital

With raising working capital becoming increasingly difficult, jewellery exporters have urged the government to grant the sector Rs 6,000 crore under the Technology Upgradation Fund Scheme (TUFS), to save small businesses becoming extinct. “We are planning to put forth a proposal to the Union Finance Minister Nirmala Sitharaman seeking to extend a TUFS for small […]

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Indian exports to China surge in wake of US-China trade war; agri-exports rose by 70% till Nov 2018

The tariff war between the US and China has helped India increase its exports to China.  During the June-November 2018 period, exports to the neighbouring country have increased by about 25 per cent to $8.46 billion, apex exporters body, Federation of Indian Export Organisations (FIEO) revealed. Exports to China had stood at $6.37 billion in […]

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