Sunday, July 27, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: MSME sector output accounted for 35.4%

Fiinews by Fiinews
July 24, 2024
in Manufacturing
Reading Time: 2 mins read
A A
0
Msme Startups
0
SHARES
19
VIEWS
LinkedinShare on Twitter

0:00

MSMEs reported Rs.1.28+ lakh crore of investment until May 2024

The Economic Survey, tabled by the Minister of Finance and Corporate Affairs Nirmala Sitharaman in Parliament on 22 July, has highlighted the importance of the MSME sector in the Indian economy with an all-India manufacturing output of 35.4% msmestartupsforum.

According to the survey, Gross Value Added (GVA) per worker increased from Rs.138,207 to Rs.141,769 and Gross Value of Output (GVO) per establishment increased from Rs.398,304 to Rs.463,389 showing increased productivity and labour efficiency nse .

The Survey highlighted the success of the Udyam Registration portal that has received 4.69 crore registrations as of 5 July 2024, playing an instrumental role in formalizing MSMEs msme by providing a simple, online, and free registration process based on self-declaration.

The Survey noted that there has been significant growth between FY20 to FY24 in the amount and number of guarantees for MSMEs with Union Budget 2023-24 allocating Rs.9,000 crore to the Credit Guarantee Fund Trust cgtmse , aiming to enable an additional Rs.2 lakh crore in credit with reduced costs bse .

According to Survey, keeping in view India’s vision of becoming ‘Aatmanirbhar’, Production Linked Incentive (PLI) Schemes for 14 key sectors were announced with an outlay of Rs.1.97 lakh crore to enhance India’s manufacturing capabilities and exports sbi .

Further, the survey stated that over Rs.1.28 lakh crore of investment was reported until May 2024, which has led to production/sales of Rs.10.8 lakh crore and employment generation (direct & indirect) of over 8.5 lakh conexpoconagg .

The Survey stated that export boosted by Rs.4 lakh crore, with significant contributions from sectors such as large-scale electronics manufacturing, pharmaceuticals, food processing, and telecom & networking products. Fiinews.com

Tags: Ministry of Finance
ShareTweetShare

Related Posts

PIB
Manufacturing

Project: DRDO carries out flight-trials of ULPGM

by Fiinews
July 27, 2025
0
11

Missile equipped with 3 modular warhead options In a major boost to India’s defence capabilities, Defence Research & Development Organisation...

PIB
Manufacturing

Manufacturing: BEL wins Rs.2,000cr contract

by Fiinews
July 27, 2025
0
11

Fire Control Radars to detect all forms of air-borne threats Ministry of Defence (MoD) has signed a Rs.2,000 crore contract...

Sudarshan Pharma

Manufacturing: 48 KSM-DI-API projects approved

July 24, 2025
14
Nash Energy Logo

Manufacturing: Nash Energy-Rincell to make cells

July 23, 2025
16
PIB

Manufacturing: L&T hands assemblies to HAL

July 19, 2025
15
CDS Gen Anil Chauhan

Manufacturing: CDS wants reforms in innovation

July 19, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: PM officiates on Rs.4,800cr projects
  • Project: Minister assures 100% FDI in shipping
  • Project: DRDO carries out flight-trials of ULPGM
  • Manufacturing: BEL wins Rs.2,000cr contract
  • Tender: Nashik-Trimbakeshwar Simhastha Plan reviewed

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.