MSMEs

The platform could enable stakeholders to share information seamlessly, reducing compliance burdens on businesses, particularly micro, small and medium enterprises (MSMEs), and facilitating the efficient movement of goods.

Moglix’s trade-financing arm has backed more than 1,000 MSME exporters across India, Mexico, the US, West Asia and Singapore, as India seeks to make smaller businesses a larger part of global supply chains.

The move comes as India seeks to widen its exporter base and make it easier for smaller manufacturers to access global markets. Can opening this route to foreign investment take more of India's small manufacturers global?

The government plans to raise NSIC’s raw material procurement assistance to 900,000 tonnes a year from 300,000 tonnes as supply disruptions and price volatility squeeze small businesses.

The development assumes significance as MSMEs accounted for 50% of the central government’s ₹2.30 trillion procurement of goods and services in FY26. As per rules, MSMEs that get a government order valued at over ₹1,00,000 must furnish a performance bank guarantee worth 3-10% of the project value.

The legislation aims to give micro, small and medium enterprises (MSMEs) a superior regulatory framework. With MSMEs playing a vital role in driving economic growth, a responsive and reliable ecosystem is crucial to their success.

The move is aimed at making companies globally competitive and getting them easier access to capital.

A new bill aims to tackle the issue of delayed payments that hinder small businesses in India. It seeks to establish additional state-run dispute resolution centres and enforce strict timelines for arbitration in the MSME sector, which contributes significantly to India's GDP.