ARJAVA MEDIA: Over 1.73 lakh MSMEs contribute 45.79% of India’s exports, which already translates into a value of ₹12.39 trillion in the current financial year. The exemplary growth of MSME exports shows an increasing global acceptance of India’s MSME capabilities. Micro, Small, and Medium Enterprises (MSMEs) exports have witnessed a remarkable rise, increasing from ₹3.95 trillion in 2020-21 to ₹12.39 trillion in 2024-25, underscoring their critical role in boosting India’s economy and strengthening global trade. The total number of exporting MSMEs in 2024-25 has also increased from 52,849 in 2020-21 to 1,73,350 in 2024-25. MSMEs demonstrated an exemplary growth trajectory, contributing 45.73% to exports in 2023-24, which increased to 45.79% by May 2024, highlighting their growi...
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Q. You are now the President of the TTC MIDC Industries Association for two years. How do you assess the issues faced by industrial units located in the MIDC region? A. TTC-MIDC Industries Association (TAMIA), formerly known as Small Scale Entrepreneurs Association (SSEA), as the name itself indicates, is an association of small and mid-sized entrepreneurs. Many of the units belonging to the association are too small. Other than the members, there are hundreds of smaller and very largeindustrial units in the sprawling region. Each one has its own set of issues. Small units have bigger issues ranging from tax to right labour supply and from negligence of law to dishonest elements crept in the ecosystem. Industries still face the legacy of trade unionism and plenty of local governi...
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A name of high quality specialised paints, coatings and adhesives Sanjay Deshmankar, the owner of Lucknow-based Duromax Hitech Coatings, has never been hurrying to upturn his business volume with an aggressive marketing blitzkrieg or another way of adventure. He believes in taking careful steps and a systematic approach so that the delivery of the products is smooth with better stabilisation. The success of the products, where there is a huge entry barrier, speaks his many years long hard work for gaining technical knowledge,demands of the market and dedication to realise his dream. He has freely allowed the phase of trials and errors to ensure what is delivered will be infallible. After completing graduation in mechanical engineering from MNNIT, Allahabad in 1983, Sanjay Deshmankar jo...
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Manoj K. Patodia Chairman, TEXPROCIL Patodia is a well-known entrepreneur active in various associations. His appointment will help its members in many ways, thanks to his sound knowledge of the industry and MSMEs. Manoj Kumar Patodia is elected Chairman of TEXPROCIL in its 66th Annual General Meeting. Patodia has the export of yarns and fabrics across the world and in real estate development in the southern part of India. He has vast experience in corporate management. spanning over three decades, besides exports. He has played a key role in the establishment of Indian textile products worldwide. He is also a member of the Western region committee of FICCI. Managing Committee Member at Chamber of Commerce Industry (IMC). Prior to this, he was heading the MSME committee and carried...
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PSUs must blacklist delinquents in MSMEs` payment Public Sector Units (PSU) must blacklist all contractors and sub-contractors who are delinquent in timely payment to MSMEs. Socially responsible PSUs should own up the responsibility of payment to MSMEs even if such MSMEs happened to work in their sites on indirect sub-contracts. While signing a contract with a large company, PSUs must also reserve a right to make direct payment to MSMEs, in case the direct contractor fails to make timely payment to their sub-contractors There are millions of small and medium enterprises operating in our country. One of the grievances most of them have is payment recovery of their dues from large players. Every government promise would only be superficial for most small companies if a stricter law fo...
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