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India Unveils Green Steel Taxonomy to Lead Global Sustainability Efforts

New Delhi, Dec 12 (KNN) In a landmark event at Vigyan Bhavan on Thursday, Union Minister for Steel and Heavy Industries, HD Kumaraswamy, officially launched India’s Green Steel Taxonomy, a pioneering framework designed to decarbonise steel production and promote eco-friendly practices in the sector.

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Telangana Government Urges Nasscom to Support State’s Young India Skills University Initiative

Hyderabad, Dec 12 (KNN) Telangana's IT and Industries Minister, D. Sridhar Babu, called on Nasscom to join forces with the Young India Skills University, a visionary project initiated by the state government.

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Indore Garment Manufacturing Industry Poised for 15% Growth Amid Political Instability in Bangladesh

Indore, Dec 12 (KNN) The political instability in Bangladesh, the world's second-largest apparel exporter, has opened up new opportunities for Indore’s garment manufacturers, who are now receiving a surge in orders from both domestic and international markets.

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India Inc. Urged to Leverage Employment Linked Incentive Scheme for Job Creation in Manufacturing

New Delhi, Dec 12 (KNN) Labour and Employment Secretary Sumita Dawra called on India Inc. to take full advantage of the Employment Linked Incentive (ELI) scheme, introduced in the Union Budget 2024-25, to spur job creation in the manufacturing sector.

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Karnataka Signs MoU with Krones for State-of-the-Art Manufacturing Facility

Bengaluru, Dec 12 (KNN) In a significant move to bolster its industrial landscape, the Karnataka government has signed a Memorandum of Understanding (MoU) with Krones, a global leader in bottling and packaging equipment, to set up a state-of-the-art manufacturing facility at the Vemagal Industrial Park Phase 2.

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India to Allocate Viability Gap Funding for 3,000 MW Annual Electrolyser Manufacturing Capacity

New Delhi, Dec 12 (KNN) In a significant push towards green energy transition, the Indian government is set to provide viability gap funding for electrolyser manufacturing with a capacity of 3,000 MW per annum.

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Women-Owned MSMEs in India Reach 20.5%, Driving Growth in Tier II & III Cities: KPMG Report

New Delhi, Dec 12 (KNN) India's micro, small, and medium enterprises (MSMEs) sector is seeing a marked shift, with women now owning 20.5 per cent of these businesses, according to a new KPMG report unveiled at the TiE Global Summit in Bengaluru.

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Tamil Nadu Launches Scheme Aimed at Supporting Artisans Across 25 sectors

Chennai, Dec 12 (KNN) The Tamil Nadu government, under the leadership of Chief Minister M.K. Stalin and the DMK, has launched a new state-level initiative aimed at empowering artisans across 25 sectors, named the Kalaignar Kaivinai Thittam (KKT).

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Corporate India Must Strengthen Ties with MSMEs to Drive Economic Growth: FM Sitharaman

New Delhi, Dec 12 (KNN) Finance Minister Nirmala Sitharaman on Wednesday emphasized the critical role of small and medium enterprises (MSMEs) in shaping India’s economic priorities for the coming decade.

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Maharashtra Leads in Startup Closures as 5,000+ Shut Operations Nationwide

New Delhi, Dec 12 (KNN) India’s celebrated startup ecosystem, renowned for its innovation and job creation, is grappling with significant challenges, as over 5,000 startups registered under the Startup India initiative have shut down.

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Media Coverage

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The Hindu

A centre of excellence planned in Delhi for SMEs

The Federation of Indian Micro, Small and Medium Enterprises (FISME) and financial institution IFCI plan to set up a “Centre of Excellence for Aspiring SMEs”. A delegation from the FISME recently met Union Finance Minister Nirmala Sitharaman in this regard.

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Financial Express

MSME delegation urges FM Nirmala Sitharaman to prioritize medium enterprises for economic growth

FISME proposed the setting up of the “Center of Excellence for Aspiring SMEs,” which will help foster growth and development by access to the latest technologies, and strategic partnership between Indian SMEs and foreign companies, with a special focus on Joint Ventures with Japan, South Korea and Taiwan.

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