The Indian Micro, Small and Medium Enterprises (MSMEs), currently contributing 29 per cent to the nation’s Gross Domestic Product (GDP) hold the potential to take the figure up to 50 per cent in the next 5 years and Union Minister, Nitin Gadkari has a plan in place to ensure the target is met.
Mumbai, June 28 (KNN) Trade finance firm Drip Capital apprised the Small and Medium Enterprises (SMEs) Rubber Exporters’ in Mumbai about the alternative working capital solutions like invoice factoring process.
The textile sector has not been happy lately with the decision of the government to remove the zero-rated status granted to the industry. But the government has lost patience with hoping for textile exports to record any meaningful increase.
The Indian rupee opened higher at 69.01 per dollar on Friday against previous close 69.06.
Tirupur: The city corporation is likely to set up two solar plants on its land in Iduvai at a total cost of Rs 39.02 crore. The plan is to use the power to operate drinking water pumping stations.
India’s Central Board of Indirect Taxes and Customs (CBIC) recently allayed fears due to a perceived setback to the automated refunds process for exporters under goods and services tax (GST) due to the introduction of manual checks to curb frauds in integrated GST refunds.