Festive season demands give momentum to Indore MSMEs, production surges by 80%

Rising demand due to the approaching festive season results in jump in production

For the first time in the last 6 months, the micro, small and medium scale enterprises in Indore have witnessed a massive rise in the production capacities. The festive season and the consequent increased demand, improved supply chain, production rises by 80% in Indore MSMEs, which were handicapped due to the coronavirus lockdown.


Joys of Festivities hit MSMEs

In what could be only explained as the spirit of Indian festivals, production in the Indore district, a hub of MSMEs, has surged to 80%. The Micro, small and medium scale enterprises spread across the Trade Heart of India, including Sanwer Road, Polo Ground, Palda and many other areas host industries that are occupied in the production and manufacturing of machines, pipes, plastic items, processing mills, garments, furniture and automobile ancillary among many others. This sector experienced a recession due to the extended lockdown and lowering disposable income of the target audience. As a consequence, production suffered and so did the people involved in the production process.

However, the tables have turned in the favour of these MSMEs with the festive season demand and most manufactured have scaled up their production capacities to meet the jump in bookings. Production employees are also shuttling between jobs in order to keep up with the labour shortage as well.

Though lack of skilled labour stands as an impending hurdle before the manufacturers, all measures to complete orders on time, from outsourcing labour to shuffling through multiple orders, the MSMEs in the Indore district are doing their best to keep up with the risen demand and workload.

The 1st train on the newly electrified Dhigawara-Bandikui section flagged off in Rajasthan

The electrification of trains will eliminate the dependence on diesel trains and will also help in reducing pollution.

The first train on the newly electrified Dhigawara-Bandikui section of North Western Railways was flagged off by the Railway Minister on Sunday. The route from Rewari to Ajmer has now been electrified and soon, the Delhi-Ajmer route via Jaipur will also have electrified trains. The electrification of trains will eliminate the dependence on diesel trains and subsequently, reduce pollution and dependency on imported fuel as well.

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Lucknow becomes the 1st city from North India to list its municipal corporation bonds on BSE

In a first for North India, Lucknow Municipal Corporation bonds to be listed at the Bombay Stock Exchange.

Uttar Pradesh's Chief Minister will visit Mumbai on December 2 to ring the bell at the Bombay Stock Exchange (BSE) during the listing of the Lucknow Municipal Corporation (LMC) bonds. During the CM's visit, he will interact with prominent industrialists and Bollywood celebrities and invite them to invest in Uttar Pradesh. Lucknow is the first city, from the north India region, to release the bond of its municipal corporation and soon the municipal corporations of Ghaziabad, Varanasi, Kanpur Nagar and Agra will follow suit. The Rs 200 crore-bond issue was floated just before Diwali and was oversubscribed by 4.5 times to raise Rs 450 crore.

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The cost for RT-PCR tests in private labs across Rajasthan has now been reduced to ₹800!

State slashes ₹400/- for COVID-19 tests at all ICMR-approved labs in Rajasthan.

The Rajasthan government has capped the cost of COVID-19 tests across private laboratories in the state to ₹800, bringing major relief to its residents. This decision that was given out on Saturday, also stated that Rajasthan is among the only two states in the nation which are testing people through the golden standards of the reliable RT-PCR method. The head of the state also urged people to get themselves tested if they suspect the development of any virus symptom, as delays in identification makes the disease fatal.

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With stringent SOPs in place, cinema halls, pools & gatherings can now resume in Goa

Goa lifts restrictive curbs, authorises SOP for civic safety.

In an order issued in Goa on Saturday, the authorities have permitted all cinema halls, swimming pools, gatherings for religious, social, cultural, educational, entertainment and sports events to resume, under the strict surveillance of a preventive standard operating procedure. The directive details that all swimming pools can operate for training and sports purposes, whereas, cinema halls and all other events in Goa will function at half the potential capacity of the venue.

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UP government to use ethanol to turn its sugarcane production into 'green gold'

The sugar industry here in UP employs about 6.50 lakh people directly and indirectly.

As a result of continuous efforts of the government, Uttar Pradesh has now become the highest (126.10 crore litres annually) ethanol supplying state in the country. Additionally, the UP government is steadily attempting to turn sugarcane into 'green gold' through ethanol and at the moment, an overall of 50 distilleries are manufacturing this stock. Just last year, two mills were producing this organic chemical compound from heavy molasses and this time, the number has increased to 20. Uttar Pradesh is the largest sugarcane producing state in the country and according to a government spokesman, out of the total sugar mills in India, 119 are here.

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