logo
UPITS 2025 roadshow held in Delhi to attract investment, industry participation

UPITS 2025 roadshow held in Delhi to attract investment, industry participation

Hindustan Times3 days ago
In a bid to position Uttar Pradesh as a gateway to investment, the state government, in collaboration with India Exposition Mart Ltd. (IEML), organised a roadshow for the 3rd edition of the UP International Trade Show (UPITS) 2025 in New Delhi on Friday. The logo of UPITS 2025
The trade show is scheduled to take place from September 25 to 29 at the India Expo Centre and Mart in Greater Noida.
Rakesh Sachan, cabinet minister for MSME, Khadi and Village Industries, represented the state government at the event. He was joined by Alok Kumar, principal secretary (MSME), and Rakesh Kumar, chairman of India Exposition Mart Ltd.
The roadshow saw participation from representatives of several embassies—including Austria, Canada, Vietnam, Norway and Singapore—along with members of trade associations, buying and sourcing consultants, sectoral leaders and stakeholders from across North India.
Addressing the gathering, minister Sachan highlighted Uttar Pradesh's rapid transformation into a hub of opportunity, driven by focused development, entrepreneurship, and international engagement.
Principal secretary Alok Kumar added, 'Uttar Pradesh seems like a giant waking up—rapidly growing—and now it has the UP International Trade Show to showcase its industrial and cultural strengths. It's an export gateway for our MSMEs, artisans, and entrepreneurs. With each edition, UPITS is building bridges from local businesses to global markets, strengthening our resolve to contribute to the vision of a trillion-dollar economy.'
The roadshow offered a preview of several enhanced features of UPITS 2025, including expanded exhibitor categories, focused B2B meetings, buyer delegations, ODOP (One District, One Product) showcases, and dedicated export promotion zones.
The initiative aims to attract robust industry participation while ensuring strong regional and international buyer turnout. The Delhi roadshow was part of a nationwide campaign to build awareness and engagement for UPITS 2025.
Following the Delhi edition, additional roadshows will be held in Hyderabad, Bengaluru, Mumbai, and Ahmedabad as part of the ongoing promotional drive.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans
Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans

India Gazette

time13 hours ago

  • India Gazette

Govt. promotes Credit Guarantee Scheme for MSMEs to empower first-generation entrepreneurs with collateral-free loans

ANI 07 Jul 2025, 16:34 GMT+10 New Delhi [India], July 7 (ANI): The Ministry of Micro, Small & Medium Enterprises (MSME), Government of India, is actively promoting the Credit Guarantee Scheme for Micro & Small Enterprises (CGTMSE) to empower first-generation entrepreneurs and foster self-employment opportunities. According to the Ministry of MSME, this initiative provides vital credit guarantee support to MSMEs for collateral-free loans, enabling Micro and Small Enterprises (MSEs) to access financial assistance without the need for traditional collateral or third-party guarantees. Under the CGTMSE, eligible businesses can secure loans of up to Rs 10 crore, with the extent of guarantee coverage ranging from 75 per cent to 90 per cent, depending on the profile and risk assessment of the scheme applies to all Micro and Small Enterprises (MSEs).Applicants can avail of this benefit by approaching Member Lending Institutions, including banks and Non-Banking Financial Companies (NBFCs), that are partnered with the CGTMSE framework. According to the ministry, there are an estimated 26 million micro and small enterprises (MSEs) in the country providing employment to an estimated 60 million this scheme, both the existing and the new enterprises are eligible for credit-free loans under the scheme was formally launched on August 30, 2000 and is operational with effect from 1st January 2000. The corpus of CGTMSE is being contributed by the Government and SIDBI in the ratio of 4:1, respectively. As of July 1, 2025, loans of Rs 10,26,145 crore have been approved under the scheme against over 1.2 crore guarantees. Maximum loan under the scheme is approved for Maharashtra of Rs 1,26,521 crore, Uttar Pradesh at number two at Rs 1,04,856 crore, followed by Gujarat with a loan approval under the scheme at Rs 85,160 crore. (ANI)

Govt looks to scrap minor penalties for MSMEs in ease of doing business push
Govt looks to scrap minor penalties for MSMEs in ease of doing business push

Mint

time16 hours ago

  • Mint

Govt looks to scrap minor penalties for MSMEs in ease of doing business push

New Delhi: The government is considering including a provision from the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006, in the upcoming Jan Vishwas Bill 2.0 that deals with penalties for small firms failing to disclose key business information to government authorities, two officials aware of the matter said. "There are provisions from the MSMED Act that are likely to be a part of the Jan Vishwas Bill 2.0, and section 27 has been discussed for this," said the first official cited above, speaking on the condition of anonymity. The Jan Vishwas Bill 2.0, announced by finance minister Nirmala Sitharaman in her FY26 budget speech, will include 100 laws to be decriminalised. It follows the first edition of the Bill, passed in 2023, which removed criminal penalties from nearly 180 provisions in Indian laws. The decriminalisation, when it happens, is likely to help India's 6.5 crore registered MSMEs save on valuable capital by plugging the leaks of minor penalties. These MSMEs contribute about 30% to the country's total economic output and about 45% of total exports. The second official said stakeholder discussions are underway and that some provisions from the MSMED Act that legislate minor penalties for MSMEs may be included in the new Bill. Section 27 calls for MSMEs to be penalised for non-disclosures related to business operations to state or central governments. It enlists penalties in the range of ₹1,000-10,000 for MSMEs in three cases. An email query sent to the MSME ministry on 4 July remained unanswered till press time. Easing burden The decriminalization of laws is essential for MSMEs as it directly contributes to reducing the compliance burden, according to Sameer Gogia, executive director, Deloitte India. "For MSMEs, which often operate with limited resources, the fear of facing criminal penalties for minor violations can act as a significant deterrent to growth and innovation. Criminalizing minor errors or failures to comply with regulatory requirements may expose these businesses to unnecessary legal risks and financial burdens, which they are ill-equipped to handle," he said. Multiple industry bodies which represent Indian MSMEs indicated that enhancing ease of doing business is of utmost importance, as these enterprises have to go through complex procedures and long delays to register their business formally. Vinod Kumar, president of the India SME Forum, which represents about 97,000 MSMEs, said that these enterprises also do not have capital to maintain robust compliance teams, as most smaller businesses are one-person proprietorships or partnerships. Proprietorships made up nearly 80% of the goods and services tax (GST) payers in the country as of June 2024, while partnerships made up about 10%, according to data released by the government on seven years of the implementation of GST. Indian MSMEs also face a credit crunch, often due to complex regulations, and are penalised for violations. 'These businesses are required to comply with numerous laws, taxes, and filing requirements that are difficult to manage due to their limited resources," said Gogia of Deloitte India. "This makes it hard for them to maintain consistent and accurate financial documentation, a critical component for accessing credit from formal financial institutions," he added.

Indian minister Manjhi highlights MSME growth, credit surge in FY25
Indian minister Manjhi highlights MSME growth, credit surge in FY25

Fibre2Fashion

time2 days ago

  • Fibre2Fashion

Indian minister Manjhi highlights MSME growth, credit surge in FY25

Indian MSME Minister Jitan Ram Manjhi has highlighted the rapid strides made by the Micro, Small and Medium Enterprises (MSME) sector. He was addressing a press conference in Mumbai on July 4, 2025, following his review visits to IDEMI and the Khadi & Village Industries Commission (KVIC) offices on July 3. Calling MSMEs the second largest contributor to India's economy, Manjhi noted that the sector contributes 30.1 per cent to the country's GDP, 35.4 per cent to manufacturing, and 45.73 per cent to exports. The Minister shared that the Udyam portal, which enables paperless registration for MSMEs, now has over 3.80 crore units registered, the Ministry of Micro, Small and Medium Enterprises, said in a release. Additionally, the Udyam Assist Portal—launched to formalise informal micro-enterprises—has recorded over 2.72 crore units. Together, these 6.5 crore MSMEs have created employment for 28 crore people. The number of MSME units has grown fifteen-fold in the past five years, he stated. Indian MSME Minister Jitan Ram Manjhi has highlighted the sector's growth, noting its 30.1 per cent GDP share and 6.5 crore units employing 28 crore people. He cited record credit guarantees (~$36 billion in FY25), PMEGP's rural job impact, and the MSME Samadhaan portal's reduced backlog. He praised KVIC and others, reaffirming support for artisans via PM Vishwakarma. Highlighting government support schemes, Manjhi said the Prime Minister Employment Generation Programme (PMEGP) has facilitated employment for 80.33 lakh individuals, with 80 per cent of the beneficiaries in rural India. Under the Credit Guarantee Scheme, over 1.18 crore guarantees worth ₹9.80 lakh crore (~$117.6 billion) have been approved so far, with a record ₹3 lakh crore (~$36 billion) credit guarantees extended in fiscal 2025 (FY25) alone. The number of beneficiaries is expected to triple by 2029. He added that the MSME Samadhaan portal, designed to resolve delayed payment issues, has seen its case backlog drop from 93,000 in October 2017 to 44,000 at present. The Minister also lauded institutions like KVIC, the Coir Board, and the National Small Industries Corporation Ltd for their efforts in promoting small industries and contributing to GDP and exports. He reaffirmed the government's commitment to empowering artisans through initiatives like the PM Vishwakarma scheme, which supports 18 traditional trades with end-to-end assistance. Fibre2Fashion News Desk (HU)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store