Tag: MSME

News

The 2nd North India Garment Fair (NIGF 2024) by CMAI Commences; Brings Together 200+ Exhibitors and Expected to attract about 7000 Trade Visitors

Jun 11, 2024 by Mansi Praharaj 0 Comments #BENGALURU, #Bharat Bhushan Taneja, #Chander Shekhar Mahajan, #Clothing Manufacturers Association of India (CMAI), #CMAI, #Delhi-NCR, #Indore, #Jaipur, #Ludhiana, #Manik Jain & Sahil Jain, #Mohinder Chaudhary, #MSME, #Mumbai, #NIGF 2024, #North India retailers, #Pankaj Jain -, #R D Gupta, #Rahul Mehta, #Rajesh Masand, #Ranjit Surana, #Rohit Munjal, #Sanjeev Garg of Stanmax, #Santosh Kataria, #Santosh Katariya, #Saurabh Chaudhary, #Surat, #Tarun Langer, #The 2nd North India Garment Fair (NIGF 2024), #Uttar Pradesh

New Delhi, June 11, 2024: The 2nd North India Garment Fair (NIGF 2024) organised by the Clothing Manufacturers Association of India (CMAI) commenced on Jun 11 till June 13, 2024, at the Yashobhoomi Convention Centre (IICC), Dwarka, New Delhi. NIGF 2024 features over 200 exhibitors showcasing a diverse array of menswear, womenswear, and kidswear.

The inauguration ceremony was graced by leading North India retailers, including Manik Jain & Sahil Jain of Aristocrat Garments, Bharat Bhushan Taneja of Paul Garments, R D Gupta of Bindals Group, Ranjit Surana of Bachoomal Collection, Sanjeev Garg of Stanmax, Mohinder Chaudhary and Saurabh Chaudhary of Suvidha Stores, Tarun Langer & Chander Shekhar Mahajan of Yougal Sons as Guests of Honour. Key dignitaries from CMAI present at the Inaugural included Rajesh Masand – President; Rohit Munjal – Vice President; Santosh Kataria, Chairman – NIGF; Rahul Mehta – Chief Mentor and Pankaj Jain – Hon. Secretary – North and other office bearers of CMAI.

Rajesh Masand, President, CMAI, expressed, “The Domestic Garment industry in India is poised for significant growth, driven by the country’s dynamic demographic and economic potential. NIGF 2024 is a testament to CMAI’s commitment to supporting MSMEs and enhancing the garment trade in North India. The upcoming festival season is a crucial period for the Garment industry and hence NIGF 2024 plays a pivotal role in connecting manufacturers with thousands of buyers ensuring they are well-prepared to meet market demands”.

At the Inauguration, Santosh Katariya, Chairman said, “NIGF 2024 has fast developed as a successful platform for Manufacturers from across the country. It offers North India’s Retail industry a fantastic opportunity to meet new Suppliers, new Brands and refresh their merchandise for customers from across India. For the benefit of Exhibitors, we have also organized a Business Networking Session tomorrow with leading Agents & Distributors from pan India”.

NIGF 2024 features a diverse array of garment manufacturers, with over 95% representing MSMEs from various parts of India, including key hubs like Mumbai, Surat, Jaipur, Bengaluru, Indore, Ludhiana, Uttar Pradesh, and the Delhi-NCR region. Retailers from across the country have pre-registered to visit the fair and expected to attend the fair.

Business

RBI Monetary Policy – Quote by Harsh Dugar – Executive Director, Federal Bank

Feb 8, 2024 by Sujata Muguda 0 Comments #Federal Bank, #Harsh Dugar, #Key Fact Statement (KFS), #MSME, #RBI monetary policy, #Standing Deposit Facility (SDF)

Mr. Harsh Dugar

The MPC announcement of maintaining the policy Repo rate, Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) at existing level was on expected lines and also to remain focused on withdrawal of accommodation for inflation targeting.

Domestic economic activity remains strong and resilient with agriculture activity holding up, industrial activity gaining momentum and services sector showing robust expansion. This has resulted in pickup in private corporate investment and also aided by government thrust in public sector capital investment and capacity enhancement. This would aid growth in credit demand in the forthcoming years with both increase in level of activity for working capital and term loans for capex funding.

Apart from other announcements the introduction of Key Fact Statement (KFS) for MSME borrowers would go a long way in ensuring transparency, simplicity and uniformity.

Business World

Universal Sompo General Insurance ties-up with Puduvai Bharathiar Grama Bank

Nov 16, 2020 by Gouri Achary 0 Comments #Arogya Sanjeevani, #Karaikal, #Mahe, #MSME, #Puducherry, #Puduvai Bharathiar Grama Bank, #Universal Sompo General Insurance, #Yanam

Universal Sompo General Insurance ties-up with Puduvai Bharathiar Grama Bank on 11th Nov 2020. Puduvai Bharathiar Grama Bank operates in the entire union territory of Puducherry, covering all four regions — Puducherry, Karaikal, Mahe & Yanam. Through this bancassurance partnership, Universal Sompo strives to offer a variety of general insurance solutions and innovative products to the bank customers, including Arogya Sanjeevani and MSME covers, through system and process integration. The company would closely work with the bank to impart product and operational training and streamlining processes.

News

Minister of State – Government of India – Dairy, Fisheries, Animal Husbandry and MSME, gives away Winner Certificates to successful Indian MSMEs

Oct 9, 2020 by Gouri Achary 0 Comments #Animal Husbandry, #Dairy, #Fisheries, #MSME, #Shri Pratap Chandra Sarangi

Shri Pratap Chandra Sarangi, Hon’Minister of State – Government of India – Dairy, Fisheries, Animal Husbandry and MSME gave away winner certificates to top MSMEs that showcased innovation and sustainable solutions. The event was organized by Summentorpro Sales and Marketing Consultants, Showcase Partner Volkswagen Bangalore and Presenting Partner ProPMO Services.

Some of the Leading winners were as follows:

 

Best Organic Supermarket of the Year Vidhan Organic Super Store
Best Co-Working Space of the Year The Hive
Best Tax Filing Software of the Year Clear Tax
Best Residential Project of the Year –Amarnath Reddy Residence Harshvardhana Architects, Engineers and Interior Designers
Best Healthcare StartUp of the Year Astra Healthcare Private Limited
Women Achievers Award – Textile – Ms Chaitali Das Rakshak Foundation
Best HR Management Company of the Year Xoxoday
Best Road Transport Company Of the Year Oye Rickshaw
Best Wildlife Destination of the Year Wood Sasan
Best CEO Award – Electric Vehicle Ayush Kumar Lohia
Best R & D – Bandsaw Machinery ITL Industries
Best Seafood Exporter of the Year Mukka Seafood
Poultry Star-Up of the Year Sri Kaliswari Feed Division
Matrix Comsec Gujarat Research and Development Face Recognition Device

“MSME is the largest sector to offer employment in India. However, it has suffered a tremendous loss due to global pandemic. To come out of the disastrous situation we are taking steps via our flagship programme ‘Aatma Nirbhar Bharat’ that will introspect and uplift homegrown brands. We are working on the revival of every sphere to bring the economy back on track. Currently, our core attention is MSMEs and Agricultural activities and we will offer Rs 3 lakh crore as collateral-free or unsecured loan to MSMEs with an annual turnover of Rs 100 crore or an outstanding loan of Rs 25 crore. Further, loans of Rs 20,000 crore will be given to stressed MSMEs. It will help resume businesses, reduce dependence on other countries and strengthen the supply chain.” Shri Pratap Chandra Sarangi, Hon’Minister of State – Government of India – Dairy, Fisheries, Animal Husbandry and MSME

He further adds “Additionally, to ensure the monthly income of Rs 50000 for each household we have been encouraging Integrated farming in the rural region. We are also focussing on women in rural areas and encouraging them to form clusters to operate solar charkha which will cover employment and earnings.”

“Aatma Nirbhar Bharat is the vision of our honourable Prime Minister towards making India a self-reliant nation and the Time2Leap Awards is an initiative that is in line with this towards recognising the efforts of our industry and encouraging them further. I believe the fundamental concept of Aatma Nirbhar Bharat goes back to Bapu’s time wherein he tells us that we should work in such a way that it benefits even the poorest in the country and society