Page 2 - Tiny Enterprises News Today

Industries and businesses in Coimbatore cut down working hours Updated: Updated: In view of the night curfew imposed by the State Government Share Article In view of the night curfew imposed by the State Government Micro units, small-scale industries, traders and hoteliers here are shutting down businesses early as restrictions related to operation at night hours came into effect on Tuesday. The State government has announced curfew from 10 p.m. to 4 a.m. till April 30 in an effort to contro...

Most migrant workers won’t benefit from vaccination drive Updated: Updated: Most workers, employed in industrial units, are aged 20-40 Share Article Most workers, employed in industrial units, are aged 20-40 The Tamil Nadu government’s directive to industries to vaccinate all workers aged 45 and above will not cover a majority of them here as most of the migrant workers are aged 20-40. K. Selvaraju, secretary-general, Southern India Mills’ Association, says that of the 50 lakh workers emp...

New financial year brings uncertainties to industries in Coimbatore, Tiruppur Updated: Updated: Share Article AAA With the commencement of a new financial year, industries in Coimbatore and Tiruppur stare at uncertainty as COVID-19 cases are spiking again and raw material prices remain uncontrolled. P. Nallathambi, president of Coimbatore SIDCO Industrial Estate Manufacturers’ Association, said that the industries were yet to feel the impact of the rising COVID-19 cases. There is no report...

Coimbatore: It is all set to be a close contest between AIADMK and DMK at Coimbatore North constituency this year. While in 2016, AIADMK’s P R G Arun Kumar won by a small margin of 7,724 votes, the victory margin for big parties may shrink further. While DMK hopes it can claim the urban constituency based on the anti-incumbency factor, AIADMK aims to hold on to the constituency based on infrastructure it has created over the last decade. Considering the general satisfaction among the public i...

A micro unit, operating out of a property that is under legal dispute at TVS Nagar here, had lodged a complaint with the police on Tuesday alleging damage to it. “A group of men entered the industry,

Micro units welcome State government’s MSME policy Updated: Updated: Share Article AAA The micro units here have welcomed the MSME policy announced by the State government on Tuesday as it has increased the capital subsidy ceiling. “This is a welcome move that will help micro units expand,” said J. James, president of Tamil Nadu Association of Cottage and Tiny Enterprises. The plan of the government to infuse funds into Tamil Nadu Industrial Investment Corporation (TIIC) is another an...

State’s new policy evokes mixed response from micro, small and medium enterprises Updated: Updated: Many units are sceptical about targets and strategies Share Article Many units are sceptical about targets and strategies Ahead of the Assembly election, the Chief Minister has rolled out a policy for the MSME sector which has been grappling with various issues over the last five years. Though industrial estates said they welcomed the policy, many were sceptical about the targets and strategi...

Canara Bank has disbursed loans to seven micro units that have only current account with the bank.J. James, president of Tamil Nadu Association of Cottage and Tiny Enterprises, said this was a major d

Industries place various demands before CM Updated: Updated: Share Article AAA Industry associations submitted their demands to Chief Minister Edappadi K. Palaniswami at an interaction he had with the heads of the associations here on Friday. The Joint Council of Industrial Associations of Coimbatore sought single window clearance online for industries that want to get building plan approval. The 6 % interest subvention provided to MSMEs should be extended and collateral free loans up to ₹ 3...

Coimbatore: As many as 16,967 micro small and medium enterprises (MSMEs) have registered at the Udyam registration portal in the district as on Friday. The District industrial Centre (DIC) had warned the industrialists not to become prey to fraudulent activities as the registration process should be carried out only at http://udyamregistration.gov.in and it is free of cost. The central government has recently reclassified the definition of MSMEs with effect from July 1, 2020. With an investme...