India has many machine tool manufacturing units. The machine tool industry in India is highly fragmented, yet its market is expanding. The Indian machine tools industry is projected to grow at 5.5 per cent per year through 2019. Growing demand in China and other developing countries is the reason behind
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KASSIA against changing MSME Definition
[vc_row][vc_column][vc_column_text] The Karnataka Small Scale Industries Association (KASSIA) has told the centre that it is against changing the definition of the Micro Small and Medium Enterprises (MSMEs) . Regarding the government’s move to change the definition of the MSMEs, KASSIA President Basavaraj Javali acknowledged the need for scientific definition of MSMEs ,
MSMEs Issues To Be Resolved by GST Council-formed Committee
[vc_row][vc_column][vc_column_text]The Goods and Services Tax (GST) Council held its 29 th meeting in New Delhi last Saturday (4 August). Piyush Goyal, assuming charge as finance minister in place of the indisposed Arun Jaitley, chaired the meeting. He stated that the GST Council would form a committee to look into the
PIA officials greet R R Nagar MLA on his birthday
[vc_row][vc_column][vc_column_text]Peenya Industries Association officials, led by President Sri. Malyadri Reddy, Hon. Secretary Sri. Muralikrishna B., office bearers and panel chairman met Sri. Munirathna, Congress legislator from Rajarajeshwarinagar Constituency at his office on 24 July 2018, and greeted him on the occasion of his birthday. Sri Munirathna won the Rajarajeshwarinagar Assembly
PIA Officials Visit Job Mela in Davanagere
[vc_row][vc_column][vc_column_text] A delegation from the Peenya Industries Association (PIA) Bengaluru, attended a Job Mela at Jagaluru in Davanagere District. The delegation was led by Sri. MM Giri, Senior VP (President Elect), Sri.D. P. Danappa, Jt. Secretary and Sri. M. J. Prasad, President NC Cluster, Smt. Pushpa Lakshman Swamy M.A (Ph D)
Schunk – Superior Clamping & Gripping
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_single_image image="4458" img_size="large" alignment="center"][/vc_column_inner][/vc_row_inner][vc_column_text] Schunk started out in 1945 by Friedrich Schunk as a mechanical workshop. This company, under the leadership of Heinz-Dieter Schunk, is now competent and world market leader in clamping technology and gripping systems. Today, the third generation siblings Henrik A. Schunk and Christina I. Schunk run the
Dasarahalli MLA visits PIA Office
[vc_row][vc_column][vc_column_text] Sri. Manjunath (JD(S)), Member of the Legislative Assembly from the T Dasarahalli constituency, visited the Peenya Industry Association (PIA) office on 2 August 2018. PIA officials, led by President Sri. Malyadri Reddy, PIA Hon. Secretary Sri. Muralikrishna B., PIA office bearers and Managing Council Members had an effective interactive meeting with
BBMP Implements High Court Order, removes flex boards in Peenya
[vc_row][vc_column][vc_column_text]Flex boards, which were dotting the localities of Peenya, T. Dasarahalli and surrounding areas, were an eyesore. Implementing the Karnataka High Court order to remove the flex boards and banners, the Bruhat Bengaluru Mahanagara Palike (BBMP) went on a flex board removing drive. The BBMP staff members have removed 18,671
GST Council May Offer Tax Reliefs to MSMEs
[vc_row][vc_column][vc_column_text]In its meeting scheduled on 4 August 2018, the Goods and Services Tax Council (GST Council) is likely to have a look at granting monetary relief to Micro, Small and Medium Enterprises (MSMEs) that register a turnover of ₹ 1.5 crore, according to some sources. This would be the 29 th
CM asks DCs to identify lands for industrial clusters
[vc_row][vc_column][vc_column_text]Karnataka Chief Minister HD Kumaraswamy asked deputy commissioners of seven districts to identify land for establishing industrial clusters, as per the budget announcement earlier this month. He also asked the DCs to do everything necessary to accomplish the land conversion process for approved industries across the state. The chief minister had announced