India’s textiles ministry has entered into partnerships with 25 India Handloom Brand (IHB) retail stores in various cities as per IHB retail stores policy framework to sell IHB products and has engaged 23 e-commerce agencies for promoting e-marketing of handloom products, textiles minister Smriti Irani told the parliament lower house recently.
The government is in the process of launching ‘Digital data based credit ratings’ of Micro, Small and Medium Enterprises (MSME), to help entrepreneurs to get bank loans on the basis of these credit ratings, Union Minister Nitin Gadkari said.
Divya Textiles of Surat has set up the first unit at the upcoming Whitegold Spintex Integrated Textile Park, which is being established at Ibrahimpatnam in Rangareddy district of Telangana.
The Progressive Punjab Investors Summit to be organised on December 5 and 6 in Mohali near Chandigarh will see participation of MSMEs, the state government said on Sunday.
Narendra Sabharwal, Chair, FICCI IPR Committee, and Former Deputy Director General, WIPO, today said that India needs to have an economic impact study done on the creative sector to gauge its contribution to the GDP.
Ministry of MSME is implementing various schemes through Khadi and Village Industries Commission (KVIC) and Coir Board to provide financial assistance to artisans and craft persons, said an official release.