What did the Malta Chamber of SMEs bring through for business in this year’s budget?
18 October 2021
The Malta Chamber of SMEs has noted a number of positive initiatives that will aim...
After many months of standstill, the
Indian government announced reforms by opening foreign direct investment and
allowing the establishment of a modern retail system.
For the multi-brand sector, foreign
owned companies will be allowed to take a share of 51 percent in retail stores
in a local partnership (in the participating Indian states) after India's
government reversed that decision in December because of political opposition.
Companies must spend half of their investment on infrastructure such as
processing, manufacturing, storage, warehouses and packaging.
For the single-brand sector the
sourcing norms for FDIs have been relaxed by the government. For FDI beyond 51
percent in single-brand retail, 30 percent sourcing will be done "from India,
preferably from SMEs, village and cottage industries, artisans and craftsmen,
where is feasible".
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).