After Friday’s GST Council meeting, which decided to cut the goods and services tax rate on two dozen commodities and announced relaxations for exporters and small and medium companies, Prime Minister Narendra Modi said the changes brought in an early Diwali. The business press was bullish as well. “Three months on, GST now good for […]
Tag Archives: SMEs
Two major trends are playing out in Gujarat’s economy. On one hand, small industrial units are shutting down. This is not a recent development. Micro, small and medium units in the state started getting into trouble about five years ago, well before the central government demonetised high-value currency notes in November and introduced the Goods […]
At one time, the neighbourhood around Surat’s textile markets was noisy. The street resounded with the clacketing of powerlooms – five or six machines in dark, poorly ventilated rooms with split levels. Most of these were family-run businesses. The looms were on the groundfloor with families working by day and sleeping upstairs at night. Now, […]
Rajesh Mehra is desolate. A big-boned man in his mid-fifties, he is a trader in women’s blouses. Until ten years ago, Mehra used to take orders from garment wholesalers in big cities like Mumbai, Kolkata and Bengaluru, buy the cloth and thread he needed from garment clusters like Silvassa, and get the blouses stitched in […]
In the last 40 years, Hosur has been on a rollercoaster. In 1973, this Tamil Nadu town on the border with Karnataka was chosen as the site for the state’s second industrial cluster. Through the ’70s, a diverse clutch of companies, producing everything from trucks to garments to medicines, set up factories here. Hosur began […]
the second — and concluding — part of our trip down the Noyyal (see previous post). A slum sprawled on one side of the river. In the distance, a factory belched smoke in the air. The riverbed was overrun with weeds and crammed with plastic bags that were half buried into the earth. An earthmover […]
Bhoday Sales Corporation is tucked inside the industrial zone of Ludhiana. A small machine tooling factory with a net worth of not more than Rs 10 lakh, it makes manufacturing equipment for other plants in the city. Of late, it has fallen on bad times. Sales are down. At one time, says its founder, 68- […]
As Scroll’s Ear To The Ground series reaches its halfway point, what have we learnt so far? The series, for those coming in late, seeks to create a current snapshot of India through reportage from six specially chosen states – one from the North East; one which is mineral-rich; one with Green Revolution agriculture; another […]
In his 50 years in Ludhiana, Harbans Singh Bhanwer has seen it all. Around 1965, when he began making machine parts in Punjab’s biggest industrial centre, the town was booming. The Green Revolution was underway, and Ludhiana provided a large part of the engineering underpinning for that boom. Some units made farm implements, while others […]
