Leading trade and industry bodies in the state have warned leaders in central and state governments that abrupt withdrawal of benefits to textile exporters from August 1 will hit the sector very hard, especially since the overall economy is facing a slowdown.
By virtue of it being the second largest employment generating sector in India after agriculture, the MSME sector has emerged as a powerful growth engine.
MSME Additional Secretary and OSIC MD Prasanna Kumar Jena addressing the 6th edition of MSME Summit here on Wednesday, said, “The MSME sector is struggling.” The event was organised by the Indian Chamber of Commerce (ICC) in collaboration with the State MSME Department.
Indian small and medium enterprises (SMEs) are more inclined towards building an online presence compared to their global peers, showed a new survey.
GEMA urges Govt not to dicontinue MEIS for textile & apparel sector
New Delhi, July 31 (KNN) As Government is considering to replace Merchandise Exports from India Scheme (MEIS) with a new duty refund scheme called Rebate of State and Central Taxes and Levies (RoSCTL), GEMA, which is north India's biggest apparel association has sent a representation to the Government appealing not to discontinue MEIS.