Sixteen state governments signed have signed memoranda of understanding (MoU) with the union ministry of textiles for capacity building by imparting training and providing employment to textile workers.
The Reserve Bank of India (RBI) is expected to cut interest rates by 40 basis points before the end of the current financial year as monetary easing till now appears to be insufficient in boosting economic growth, Fitch Solutions said on Friday.
Chief Minister Mamata Banerjee inaugurated several Micro, Small and Medium Enterprises (MSME) industrial parks in Howrah district on Friday and announced that such projects will create two lakh new jobs in the state.
Taxpayers should file their GST returns for 2017-18 by August 31 and failure to do so will attract very severe consequences, including hefty penalty, Chief Commissioner of Customs and CGST Visakhapatnam Zone, Naresh Penumaka, has said.
Man-made fibre (MMF) industry is contributing 2% to India’s GDP and providing jobs to over 18 million people directly and more than 20 million indirectly and technical textiles are expected to see a significant growth in coming time, according to a textiles export body.
The Karnataka Small Scale Industries Association (KASSIA) recently announced a new B2B platform kassia.machinenmotor.com which seeks to address challenges faced by MSMEs by providing them a common platform to access new markets, reported KNN India.