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Modern Insolvency and Bankruptcy Laws Needed: FISME
The top legal and economic experts of the country have recommended an urgent overhaul of defunct Insolvency mechanism in the country and to develop a new bankruptcy regime. Addressing a workshop organized by FISME in association with SIDBI recently, they strongly favoured putting an end to equating economic failure with criminal offences and confining entrepreneurs in jail.

While inaugurating the workshop, Mr. Dinesh Rai, Secretary, Ministry of MSME acknowledged that government was aware of hardship experienced by small entrepreneurs after closure. That is why a specific provision was made in the MSMED Act to initiate action in this regard, he said. He assured that recommendations of the workshop would be taken up for implementation.

 
PF Act to cover firms with 10 employees
The Central Board of Trustees of the Employees Provident Fund Organisation (EPFO) has approved the reduction of threshold limit for establishments covered under the Employees Provident Fund and Miscellaneous Provisions Act (EPF & MP Act), 1952.
 
Fifth Meeting of National Board for Micro, Small & Medium Enterprises held
In the Fifth Meeting of the National Board for Micro, Small & Medium Enterprises (NBMSME), the role of SIDBI and status of credit flow to micro and small enterprises, and like many similar issues were discussed.
Collateral free credit cover for MSMEs may go up further
The Ministry of MSMEs is considering hiking the guarantee cover limit under CGTMSE scheme to enhance the coverage of the scheme.
Govt plans to set up business incubators for MSMEs
To help spawn new ideas and technologies for the benefit of micro, small and medium enterprises (MSMEs), the concerned ministry is playing facilitator for setting up a host of incubating centres across the country.
NIESBUD’s Incubation Centre for garment manufacturing
National Institute for Entrepreneurship and Small Business Development has launched Incubation Centre for Garment Manufacturing this month, under the guidance of Ministry of MSME.
Orissa MSME policy for technological upgrade
The draft MSME development policy of the Orissa government has proposed the launch of an ‘Orissa technology upgradation fund' with a corpus of Rs 50 crore, and will extend financial assistance to MSMEs for technology upgrade.
New WTO text yet to address India’s concerns
India has found that the revised negotiating texts of World Trade Organisation (WTO) are not up to its expectations regarding protecting its SMEs and poor farmers.
Banks agree to time frame for SME loan disposal
69 banks have voluntarily committed to specific time-frame for disposal of loan applications of micro and small enterprises said in statement by the Banking Codes and Standards Board of India.
 
Events

See you at COMPONEX NEPCON Chennai—India 2008
After the much appreciated success of COMPONEX NEPCON India show in New Delhi during February 2008, Reed Exhibitions has extended the show to southern city of Chennai. COMPONEX NEPCON Chennai - India 2008 (CNCI'08) is the first focused fair of its kind catering to the needs and demands of the EMS segment. The show will provide the first-hand experience to its visitors so that they understand the products displayed and their capabilities better.

EXHIBITION

ALL ABOUT FOOD EXPO 2008 (AAF Expo 2008)

(International Food, Beverage & Technology Exhibition and Conference)

6 to 8 August 2008
at Pragati Maidan,New Delhi

The AAF Expo 2008 will include dedicated events such as:
Farm Fresh Expo 2008
Food Expo 2008
Beverages Expo 2008
Spices & Ingredients Expo 2008
Organic Food Expo 2008
Food Processing Technology Expo 2008
Food Packaging Technology Expo 2008
Food Service & Hospitality Expo 2008
For more information contact the organizers viz.:
Exhibitions India Pvt. Ltd.
217- B (2nd Floor) Okhla Industrial Estate – Phase III,
New Delhi – 110020
Telephone:+91 – 11 – 42795000
Fax: +91 – 11 – 42795098
E-mail: aaf@eigroup.in
Contact: Ms. Yogita Kackar
Group Manager
Cell.: +91 – 9990099910
E-mail: yogitak@eigroup.in
Website: www.allaboutfoodexpo.com

 
Trade Links

  • M/s. Al Yousif Golden Factory, P.O. Box 8636, Dammam 31492, Saudi Arabia.
    Tel : +91-9663-8473650/567270000
    Fax : +91-9663-8473510
    E-mail : moustafa.hussein@hotmail.com
    Contact : Mr. Mustafa Hussain Mahmoud
    General Manager
    Requirement: Machinery for Plastics
  •  
  • M/s. KGT Co. W.L.L., Manama, Bahrain.
    Tel : +91-17232799
    Fax : +91-17232796
    E-mail : kgtbah@batelco.com.bh
    Contact : Mr. Anand V.C.
    Business Operation Manager
    Requirement: Industrial Machineries and Tools,Material Handling Products – Hydraulic/Electrical/Pneumatic/Mechanical
  •  
  • M/s. Metromot Trading & International Agencies,
    P.O. Box 437, Manama, Bahrain.
    Tel : +91-17811414/39454654
    Fax : +91-17811484
    E-mail : vimalchand@metromot.com
    E-mail : info@metromot.com
    Contact : Mr. Vimal Chand,
    Marketing Manager
    Requirement: Industrial Chemicals, Electricals, Furniture, Tiles and allied building materials
  •  
     
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     Tel No. +91-11- 26187948 , 26712064 , 46023157, 46018592
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