Article published in The Economic Times-Mumbai dated: 28.09.2019 Saturday.
Dear all,
Your association SIMA is forwarding herewith Articles published in The Economic Times and Times of India, Mumbai Edition dated: 28/9/2019.
REDUCING BURDEN ON LENDING SECTOR ‘More MSMEs Should Get Listed on Exchanges to Fund Their Growth’ Move will boost revenue for country while investors will get good returns, says Union minister Nitin Gadkari : The Economic Times.
Union minister for road transport and highways Nitin Gadkari on Friday said that more medium and small enterprises (MSME) should get listed on the exchanges to fund growth and reduce the burden on the lending sector.
Such a move would allow the companies to get funds to expand their business globally, bring in more revenue for the country, while investors will get good returns on their investment, he said while speaking at the second foundation day of JITO Incubation and Innovation Foundation (JIIF). JIIF is a subsidiary body of Jain International Trade Organisation (JITO)……..TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
FM asks ministries to speed up spending to boost growth, Pitches to Fast-Track Payment of Outstanding to MSMEs: Times of India.
Finance minister Nirmala Sitharaman on Friday asked ministries to provide capital expenditure plans for the next four quarters and accelerate payment of dues to micro, small and medium enterprises (MSMEs), contractors and vendors as she detailed the government’s plans to fast-track spending to boost growth.
She also said a large chunk of pending dues to MSMEs, contractors and other vendors have been cleared and out of Rs 60,000 crore dues, Rs 40,000 crore has been released and remaining Rs 20,000 crore would be released by the first week of October.
The MSME sector had complained about delayed payments and the government has swung into action to get the issue resolved and ensure funds are not a constraint for the sector……TO VIEW THE FULL ARTICLE PLEASE CLICK HERE.
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Thanking you,
with regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
