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President Message
Speed of business has accelerated and so has the complexity. Number of commercial disputes is also rising rapidly in tandem. This phenomenon is more pronounced in government purchases which by their very nature, follow more formal and rigid processes. Large companies have the best of legal minds at their disposal to guide them in following these processes and also preemptively deal with disputes which may arise later. Smaller companies lack access to such expertise pre or post tendering process. A large section of MSMEs face payment delays or even denied due to such disputes. Another issue while dealing with the government is that officials shy from taking onus to close the case if they lose at appeal stage or at arbitration and continue to push the case to the higher courts. Most MSMEs succumb to the arduous process. And, if at all, in the end they win and have an order in their hand, it needs to be executed for payments or refund. For that another case needs to be filed. Litigation therefore becomes a never-ending process. Government has acquired a dubious distinction of the largest litigator in India. However, there is increasing realization at the top policy makers that Alternative Dispute Resolution (ADR) mechanism should be encouraged. The Mediation Act has been promulgated. Ministry of MSME is also planning Online Dispute Resolution (ODR) through MSMED Act to adjudicate delayed payment issues of MSEs. There is talk of using AI in speeding up the processes. Access to justice has become a critical issue for MSMEs. FISME is increasingly spending more time on legal issues concerning MSMEs. We have initiated creation of a Center for Improving Access to Justice (CIAJ) to speed up justice delivery through which we intend to facilitate public initiatives.
FISME organised an informal discussion on 11th June 2025 at Hotel Le Meridien, New Delhi, bringing together select legal, economic and policy experts to deliberate on improving access to justice for MSMEs. Among the participants was Dr. Laveesh Bhandari, President of the Centre for Social and Economic Progress (CSEP), who shared valuable insights. The exchange of perspectives during the meeting provided meaningful direction to FISME’s approach. The discussion focused on identifying actionable steps the federation could take to help MSMEs secure timely and fair justice, while also contributing to the broader goal of institutional reform.
If your business would collapse without your daily involvement, you haven't built systems — you've built a job. "Nobody can do it to my level of quality." Sound familiar? I hear this refrain repeatedly from fellow entrepreneurs and our customers at Marketcircle. Though I was fortunate to have experience leading teams before starting my business, I've watched countless small business owners struggle with this mindset. It creates a critical growth ceiling that many never break through.
Emphasising the importance of Institutional arbitration, Law Minister Arjun Ram Meghwal on Saturday (June 14, 2025) said that India needs a strong ecosystem of alternative dispute resolution
Chinese smartphone and electronics manufacturers such as Oppo, Realme, Hisense, Vivo, Xiaomi, and Transsion are increasingly exporting products manufactured in India to key global markets including the United States, West Asia, and Africa.
This development marks a significant shift from their earlier reliance on China and Vietnam for exports. According to recent regulatory filings, Oppo India generated Rs 272 crore in export revenue during FY24, while Realme earned Rs 114 crore.
In a significant move to curb rising edible oil prices, the government has reduced the Basic Customs Duty (BCD) on crude edible oils—soybean, sunflower, and palm—from 20 per cent to 10 per cent.
This step, announced on Wednesday, is expected to lower the overall cost of these oils and provide relief to consumers. The Food Ministry stated that the reduction in duty will increase the gap between the import duties on crude and refined edible oils from 8.75 per cent to 19.25 per cent.
The Finance Ministry has modified foreign direct investment regulations to permit Indian companies operating in sectors where FDI is prohibited to issue bonus shares to existing non-resident shareholders. The amendment was announced through the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2025, which became effective June 11. Under the new framework, companies can distribute bonus shares to their current non-resident investors, provided the shareholders' ownership percentages remain constant following the issuance.
India, having recently achieved a 20% ethanol blend in petrol ahead of schedule, aimed to escalate to 30% by 2030. This push—central to its energy security and rural development—now confronts serious challenges. The United States is pressing India in ongoing bilateral trade talks to open its market to US corn‑based ethanol, warning that resistance may imperil broader trade negotiations. Ethanol blending has emerged as a key pillar of India’s energy strategy: mixing ethanol (from sugarcane, maize) with petrol has saved over ₹1.2 trillion in foreign exchange and reduced approximately 19.3 million tonnes of oil imports.
In a landmark initiative, the Technology Development Board (TDB) under the Department of Science and Technology (DST), Government of India, has extended financial support to Clearsynth Labs Limited for establishing a large-scale facility to manufacture deuterated reagents and building blocks. This move aims to reduce India’s reliance on imports and boost self-reliance in high-end chemical technologies. Deuterated compounds, critical for pharmaceuticals, OLEDs, semiconductors, and fiber optics, are currently mostly imported into India.
In a significant move to support farmers, the Government of India has approved the procurement of 54,166 metric tonnes (MT) of Moong under the Price Support Scheme (PSS) for the summer crop season 2025–26. The procurement will be carried out in the states of Haryana, Uttar Pradesh, and Gujarat, ocusing on strengthening domestic pulse production and reducing the country’s dependence on imports. Additionally, 50,750 MT of Groundnut will be procured under the PSS in Uttar Pradesh for the same crop season.
The Government of India has modified the Special Economic Zones rules to facilitate semiconductor and electronics components manufacturing, according to an announcement made by the Ministry of Commerce and Industry on Monday. The amendments are designed to accommodate the specialized requirements of these high-technology sectors and encourage investment in manufacturing activities. The semiconductor and electronics manufacturing industries are characterised by significant capital requirements, substantial import dependencies, and extended periods before achieving profitability.
Maharashtra’s Food and Drug Administration (FDA) Commissioner, Rajesh Narvekar, has issued a strong warning to all food-related establishments in the state, announcing that any failure to comply with food safety standards will result in immediate legal action. Citing provisions under the Food Safety and Standards Act 2006 and the 2011 licensing and registration rules, Narvekar emphasised that vegetarian and non-vegetarian foods must be prepared, stored, and handled separately to prevent cross-contamination.
The Bihar Industrial Area Development Authority (BIADA) will officially notify the master plan for the Integrated Manufacturing City (IMC)-Gaya following its approval during the third board meeting of Bihar Integrated Manufacturing City Gaya Limited (BIMCGL) on Friday. The board meeting reinforced the organisation's commitment to establishing Gaya as a world-class manufacturing destination. The IMC Gaya project is being developed as part of the broader Amritsar-Kolkata Industrial Corridor (AKIC) initiative.
The Uttar Pradesh State Industrial Development Authority (UPSIDA) has launched the “Private Industrial Park Scheme” to attract private investment and boost industrial infrastructure in the state.
The scheme invites interested investors to establish private industrial parks across different regions of Uttar Pradesh, offering a range of attractive incentives. Under this scheme, investors in Paschimanchal and Madhyanchal regions can develop industrial parks on 30 to 100 acres of land.
The Technology Development Board (TDB), under India’s Department of Science & Technology, has sanctioned funding to support Midwest Advanced Materials Pvt Ltd (MAM) in setting up a domestically scaled facility for neodymium iron boron ( NdFeB) rare earth permanent magnets.These magnets are crucial for electric‑vehicle propulsion systems, wind‑turbine generators, and a wide range of high‑tech equipment.
India has initiated discussions with China regarding export control measures on rare earth-related products, seeking greater predictability in bilateral trade consistent with international standards, according to the Ministry of External Affairs. The dialogue follows China's announcement in early April of export controls on seven rare earth elements and related products critical to defence, energy, and automotive manufacturing sectors. Ministry of External Affairs Spokesperson Randhir Jaiswal confirmed Thursday that Indian officials are engaging their Chinese counterparts both in New Delhi and Beijing to establish more reliable supply chain arrangements in accordance with global trade practices.
As India approaches the milestone of becoming the world’s fourth-largest economy in the current fiscal, German companies are stepping up efforts to partner with Indian firms to introduce advanced technologies in manufacturing. Sectors such as green energy, semiconductors, and pharmaceuticals are the primary focus for German firms seeking collaboration. “India is a growing market with immense talent. We’re here to offer our expertise in production technologies and connect with potential partners,” said Rainer Wittich, CEO of Germany-based EDAG Production Solutions GmbH & Co. KG.
What do you think has contributed most to India’s economic rise over the past decade?
According to the FISME factor, 100 percent of MSMEs believe that the government policies and reforms has contributed most to India’s economic rise over the past decade.
The truth about lies: Why résumé fraud has become an epidemic
In job interviews, truth often wears makeup. A candidate for a mid-level marketing role recently claimed to have “led digital transformation initiatives.” Upon questioning, it emerged he had merely attended meetings where such projects were discussed. His leadership role? Pure fiction. Such embellishment has become endemic.
Why Business Cash Flow Is Crucial—And How To Protect Yours
For many businesses, failure can be traced back to a single issue: poor cash flow management. Not lack of profit. Not a flawed business model. Cash flow. Even healthy, growing companies are vulnerable if liquidity dries up. Equipment-intensive industries, such as construction, manufacturing and healthcare, are particularly exposed due to large capital requirements and delayed revenue cycles.
This Triple Threat Strategy Will Accelerate Your Business's Growth
They all work together to hold up your business's success — here's how. Business owners, entrepreneurs and hustling startups, gather 'round: Today, we're tackling a question that I hear all the time, and I'm here to coach you through it.
Industries In Noida-Ghaziabad Region Reeling Under Extended Power Cuts
Industrial operations across Ghaziabad and Noida have experienced significant disruption due to frequent power outages lasting between one and seven hours, with entrepreneurs reporting substantial financial losses amid soaring temperatures and recurring infrastructure failures. The situation has intensified following severe weather events, particularly affecting manufacturing sectors dependent on continuous power supply.
Garuda Aerospace Inaugurates Advanced Agri-Drone Manufacturing Facility In Tamil Nadu
Drone manufacturer Garuda Aerospace has inaugurated a specialised Agri-Drone Indigenisation facility near Chennai, marking a significant expansion of the company's manufacturing capabilities.
The facility was officially opened on Thursday by Union Minister of State for Rural Development Kamlesh Paswan.
N R Vandana Tex Industries Makes Flat Market Debut On NSE Emerge
N R Vandana Tex Industries made its stock market debut on the National Stock Exchange (NSE) Emerge with shares listed at Rs 45, matching the initial public offering (IPO) price. However, the stock subsequently declined to trade at Rs 44.20, representing a discount of 1.78 percent to the issue price.
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released the Provisional Estimates (PE) of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2024-25 and Quarterly Estimates of GDP for the January-March Quarter (Q4) of FY 2024-25 along with its Expenditure components both at Constant (2011-12) and Current Prices.
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
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Speed of business has accelerated and so has the complexity. Number of commercial disputes is also rising rapidly in tandem. This phenomenon is more pronounced in government purchases which by their very nature, follow more formal and rigid processes. Large companies have the best of legal minds at their disposal to guide them in following these processes and also preemptively deal with disputes which may arise later. Smaller companies lack access to such expertise pre or post tendering process. A large section of MSMEs face payment delays or even denied due to such disputes. Another issue while dealing with the government is that officials shy from taking onus to close the case if they lose at appeal stage or at arbitration and continue to push the case to the higher courts. Most MSMEs succumb to the arduous process. And, if at all, in the end they win and have an order in their hand, it needs to be executed for payments or refund. For that another case needs to be filed. Litigation therefore becomes a never-ending process. Government has acquired a dubious distinction of the largest litigator in India. However, there is increasing realization at the top policy makers that Alternative Dispute Resolution (ADR) mechanism should be encouraged. The Mediation Act has been promulgated. Ministry of MSME is also planning Online Dispute Resolution (ODR) through MSMED Act to adjudicate delayed payment issues of MSEs. There is talk of using AI in speeding up the processes. Access to justice has become a critical issue for MSMEs. FISME is increasingly spending more time on legal issues concerning MSMEs. We have initiated creation of a Center for Improving Access to Justice (CIAJ) to speed up justice delivery through which we intend to facilitate public initiatives.
FISME organised an informal discussion on 11th June 2025 at Hotel Le Meridien, New Delhi, bringing together select legal, economic and policy experts to deliberate on improving access to justice for MSMEs. Among the participants was Dr. Laveesh Bhandari, President of the Centre for Social and Economic Progress (CSEP), who shared valuable insights. The exchange of perspectives during the meeting provided meaningful direction to FISME’s approach. The discussion focused on identifying actionable steps the federation could take to help MSMEs secure timely and fair justice, while also contributing to the broader goal of institutional reform.
Chinese smartphone and electronics manufacturers such as Oppo, Realme, Hisense, Vivo, Xiaomi, and Transsion are increasingly exporting products manufactured in India to key global markets including the United States, West Asia, and Africa.
This development marks a significant shift from their earlier reliance on China and Vietnam for exports. According to recent regulatory filings, Oppo India generated Rs 272 crore in export revenue during FY24, while Realme earned Rs 114 crore.
In a significant move to curb rising edible oil prices, the government has reduced the Basic Customs Duty (BCD) on crude edible oils—soybean, sunflower, and palm—from 20 per cent to 10 per cent.
This step, announced on Wednesday, is expected to lower the overall cost of these oils and provide relief to consumers. The Food Ministry stated that the reduction in duty will increase the gap between the import duties on crude and refined edible oils from 8.75 per cent to 19.25 per cent.
The Finance Ministry has modified foreign direct investment regulations to permit Indian companies operating in sectors where FDI is prohibited to issue bonus shares to existing non-resident shareholders. The amendment was announced through the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2025, which became effective June 11. Under the new framework, companies can distribute bonus shares to their current non-resident investors, provided the shareholders' ownership percentages remain constant following the issuance.
India, having recently achieved a 20% ethanol blend in petrol ahead of schedule, aimed to escalate to 30% by 2030. This push—central to its energy security and rural development—now confronts serious challenges. The United States is pressing India in ongoing bilateral trade talks to open its market to US corn‑based ethanol, warning that resistance may imperil broader trade negotiations. Ethanol blending has emerged as a key pillar of India’s energy strategy: mixing ethanol (from sugarcane, maize) with petrol has saved over ₹1.2 trillion in foreign exchange and reduced approximately 19.3 million tonnes of oil imports.
In a landmark initiative, the Technology Development Board (TDB) under the Department of Science and Technology (DST), Government of India, has extended financial support to Clearsynth Labs Limited for establishing a large-scale facility to manufacture deuterated reagents and building blocks. This move aims to reduce India’s reliance on imports and boost self-reliance in high-end chemical technologies. Deuterated compounds, critical for pharmaceuticals, OLEDs, semiconductors, and fiber optics, are currently mostly imported into India.
In a significant move to support farmers, the Government of India has approved the procurement of 54,166 metric tonnes (MT) of Moong under the Price Support Scheme (PSS) for the summer crop season 2025–26. The procurement will be carried out in the states of Haryana, Uttar Pradesh, and Gujarat, ocusing on strengthening domestic pulse production and reducing the country’s dependence on imports. Additionally, 50,750 MT of Groundnut will be procured under the PSS in Uttar Pradesh for the same crop season.
The Government of India has modified the Special Economic Zones rules to facilitate semiconductor and electronics components manufacturing, according to an announcement made by the Ministry of Commerce and Industry on Monday. The amendments are designed to accommodate the specialized requirements of these high-technology sectors and encourage investment in manufacturing activities. The semiconductor and electronics manufacturing industries are characterised by significant capital requirements, substantial import dependencies, and extended periods before achieving profitability.
Maharashtra’s Food and Drug Administration (FDA) Commissioner, Rajesh Narvekar, has issued a strong warning to all food-related establishments in the state, announcing that any failure to comply with food safety standards will result in immediate legal action. Citing provisions under the Food Safety and Standards Act 2006 and the 2011 licensing and registration rules, Narvekar emphasised that vegetarian and non-vegetarian foods must be prepared, stored, and handled separately to prevent cross-contamination.
The Bihar Industrial Area Development Authority (BIADA) will officially notify the master plan for the Integrated Manufacturing City (IMC)-Gaya following its approval during the third board meeting of Bihar Integrated Manufacturing City Gaya Limited (BIMCGL) on Friday. The board meeting reinforced the organisation's commitment to establishing Gaya as a world-class manufacturing destination. The IMC Gaya project is being developed as part of the broader Amritsar-Kolkata Industrial Corridor (AKIC) initiative.
The Uttar Pradesh State Industrial Development Authority (UPSIDA) has launched the “Private Industrial Park Scheme” to attract private investment and boost industrial infrastructure in the state.
The scheme invites interested investors to establish private industrial parks across different regions of Uttar Pradesh, offering a range of attractive incentives. Under this scheme, investors in Paschimanchal and Madhyanchal regions can develop industrial parks on 30 to 100 acres of land.
The Technology Development Board (TDB), under India’s Department of Science & Technology, has sanctioned funding to support Midwest Advanced Materials Pvt Ltd (MAM) in setting up a domestically scaled facility for neodymium iron boron ( NdFeB) rare earth permanent magnets.These magnets are crucial for electric‑vehicle propulsion systems, wind‑turbine generators, and a wide range of high‑tech equipment.
India has initiated discussions with China regarding export control measures on rare earth-related products, seeking greater predictability in bilateral trade consistent with international standards, according to the Ministry of External Affairs. The dialogue follows China's announcement in early April of export controls on seven rare earth elements and related products critical to defence, energy, and automotive manufacturing sectors. Ministry of External Affairs Spokesperson Randhir Jaiswal confirmed Thursday that Indian officials are engaging their Chinese counterparts both in New Delhi and Beijing to establish more reliable supply chain arrangements in accordance with global trade practices.
As India approaches the milestone of becoming the world’s fourth-largest economy in the current fiscal, German companies are stepping up efforts to partner with Indian firms to introduce advanced technologies in manufacturing. Sectors such as green energy, semiconductors, and pharmaceuticals are the primary focus for German firms seeking collaboration. “India is a growing market with immense talent. We’re here to offer our expertise in production technologies and connect with potential partners,” said Rainer Wittich, CEO of Germany-based EDAG Production Solutions GmbH & Co. KG.
According to the FISME factor, 100 percent of MSMEs believe that the government policies and reforms has contributed most to India’s economic rise over the past decade.
In job interviews, truth often wears makeup. A candidate for a mid-level marketing role recently claimed to have “led digital transformation initiatives.” Upon questioning, it emerged he had merely attended meetings where such projects were discussed. His leadership role? Pure fiction. Such embellishment has become endemic.
For many businesses, failure can be traced back to a single issue: poor cash flow management. Not lack of profit. Not a flawed business model. Cash flow. Even healthy, growing companies are vulnerable if liquidity dries up. Equipment-intensive industries, such as construction, manufacturing and healthcare, are particularly exposed due to large capital requirements and delayed revenue cycles.
They all work together to hold up your business's success — here's how. Business owners, entrepreneurs and hustling startups, gather 'round: Today, we're tackling a question that I hear all the time, and I'm here to coach you through it.
Industrial operations across Ghaziabad and Noida have experienced significant disruption due to frequent power outages lasting between one and seven hours, with entrepreneurs reporting substantial financial losses amid soaring temperatures and recurring infrastructure failures. The situation has intensified following severe weather events, particularly affecting manufacturing sectors dependent on continuous power supply.
Drone manufacturer Garuda Aerospace has inaugurated a specialised Agri-Drone Indigenisation facility near Chennai, marking a significant expansion of the company's manufacturing capabilities.
The facility was officially opened on Thursday by Union Minister of State for Rural Development Kamlesh Paswan.
N R Vandana Tex Industries made its stock market debut on the National Stock Exchange (NSE) Emerge with shares listed at Rs 45, matching the initial public offering (IPO) price. However, the stock subsequently declined to trade at Rs 44.20, representing a discount of 1.78 percent to the issue price.
“ Ups and downs in life are very important to keep us going, because a straight line even in an ECG means we are not alive. ”
