Others

April 4, 2022 In Others, Others, Policy and Regulatory, Premium, SME/MSMEs, Start-Ups, Video By editor

How MSMEs can be part of Global Value Chain? | Sanjay Notani | LawWiser

We all are aware of the role of MSMEs in shaping the Indian economy and now they also have various opportunities to tap globally. The Government of India has been consistently working with various countries such UK, Japan, Australia, the UAE, the European Union and many other countries for Free-Trade Agreements (FTAs). This is aimed to provide diverse export opportunities and open a wide market for MSMEs in India.

Watch Sanjay Notani, Partner, Economic Laws Practice (ELP) on LawWiser’s explainer on How MSMEs can be part of a Global Value Chain.

Sanjay very interestingly shares some key data providing insights on MSME about the MSMEs, how they constitute nearly 40 per cent of total exports, and more than half of them

are located in rural India. As per the data, India’s share of overall export to the USA is 15.30%, UAE 11.50%,

Hong Kong 4.60%, China 3.60%, and the United Kingdom 3.40%, respectively 7 and 40%

of this total export was by MSMEs. Out of all the existing MSMEs, 31% are engaged in the manufacturing sector and the remaining others are engaged in the service sector. Out of these 69% service sector MSMEs, almost 36% are engaged in trade.

He also shares the challenges faced by MSMEs and the steps taken by the Govt. He starts by highlighting the pain points of the market and taking us through the aspects of special and differential treatments. Aspects relating to Ethical Trade Imperatives (ETI) are also discussed. ETI imposes additional compliance burden through requirements such as those related to (not indulging in) child labour, observing work hours, health and safety of workers, wages and environment.

Lastly, he takes us through the geopolitics impact on the Indian MSME. India’s exports to Ukraine and Russia have mostly been led by MSMEs and hence, the current crisis may hit MSME exporters with multiple challenges such as delay in shipments, late payments, damage to consignments, and more.

Sanjay discusses all this and much more interesting aspects about how MSMEs can be part of a global value chain, watch the full video now.

April 2, 2022 In Others, Video By editor

World Autism Awareness Day 2022

This #worldautismawarenessday watch parent advocates Gopika Kapoor, and Mohit Kapoor, share their experiences with Lavanya Behl on LawWiser.

Gopika tells us about neurodiversity and neuro-developmental disabilities, and diversity and inclusion initiatives that can be implemented to hire autistic talent. She also shares insights on her recent book ‘Beyond the Blue’, which is a window into their family’s journey with their son.

Mohit further talks about government acts, policies, initiatives which have been created to benefit neurodiverse people. He sheds light on how business owners can look at the value an autistic person can add to the team and the challenges faced by them due to the way in which the mainstream education system is designed.

Let’s unite together today to make a better world for differently gifted minds because what makes you different is what makes you beautiful.

Happy World Autism Awareness Day!

March 16, 2022 In Legal, Others, Others, Premium, SME/MSMEs, Start-Ups, Video By editor

Pre-Construction Approvals for Manufacturing Factories

The aim of the Indian legislature has been to streamline the process but not make it cumbersome. For the set-up of a Manufacturing factory in India, a manufacturer is required to obtain pre-construction approvals from various government authorities. The requirements may vary from state to state, however, standard approvals are essential in all states and union territories in India.

In this video of LawWiser, understand Pre-Construction Approvals for Manufacturing Factories by Amrita Grover, Senior Associate, Athena Legal. She discusses all such standard pre-construction approvals required for setting up Manufacturing Factories in India.

Amrita takes us through some important pointers to keep in mind for such pre-construction approvals like,

-License for the set-up of the Manufacturing Unit

Under the provision of Section 4 of the Factories Act, for the construction of a manufacturing unit, the manufacturer is required to obtain, either registration or Industrial Entrepreneurs’ Memorandum or Industrial License, depending on the business format. The same may be obtained from either the District Industry Centre in the case of Small Scale Industries (SSI) or the Secretariat of Industrial Assistance (SIA) in the case of large and medium industries.

– Identification of Land/Plot/Building/Shed:

For the set-up of a Unit, the first and foremost step will be the identification of a land/plot/building for its establishment and gaining a title. The title obtained must enable the manufacturer to set up the unit. Such land may be obtained either through the corporations or by the Manufacturer on its own. However, or the gaining of a title either a registered sale deed or a registered lease deed must be executed in the name of the manufacturer. The Manufacturer must ensure that there are no encumbrances on the acquired title as the same can have fatal effects on the business initiated in the premises.

– Important NOCs and consent under Water and Air Pollution Control Acts:

With industrial growth, the protection of the environment has become an increasing concern and therefore, an industrial set-up requires approvals and clearances to be obtained from the State Pollution Control Board for the proposed set-up by declaring the level of pollution that may be caused.

Watch the full video to understand all these pre-construction approvals better.

Stay tuned to LawWiser for such insightful content.

March 16, 2022 In Legal, Others, Others, Policy and Regulatory, Premium, SME/MSMEs, Start-Ups, Video By editor

National Manufacturing Competitiveness program

Tune in to watch the LawWiser video on National Manufacturing Competitiveness Program by Ramanpreet Singh Sidhu, Associate, Athena Legal. In this video Ramanpreet explains this program and details of various schemes that are offered under this for MSMEs.

National Manufacturing Competitiveness Program (NMCP) was introduced in 2014, essentially with an aim to enhance the competitiveness of MSMEs in domestic and global markets. The Ministry of MSME in conjunction with the National Manufacturing Council highlighted the 10 components of the program.

He also shares some of the important schemes under the NMCP like,

-Lean Manufacturing Scheme –

This scheme is aimed at increasing competitiveness through reduced wastage in manufacturing by implementing suitable techniques. This is implemented through the Quality Control Council of India and the National Productivity Council.

– Technology and Quality Upgradation Support for MSME Scheme

This is one of the most important schemes of the NMCP. Keeping in mind the relative dearth in availability of technology and quality, high price, and its critical role in manufacturing units, this scheme aims to implement energy-efficient techniques in manufacturing via Energy Efficiency and Product Quality certifications, encouraging MSMEs to acquire licenses through international bodies, adopting techniques that adhere to global industry standards, and setting up Clean Carbon Accreditation Centres that will encourage clean energy practices among MSME.

– Promotion of ICT in Indian Manufacturing Sector

This ICT scheme encourages and assists the manufacturing MSME clusters to adopt ICT tools and applications in their businesses, thereby improving the productivity and competitiveness in national and international markets among these clusters.

– Entrepreneurial and Management Development of Small and Micro Enterprises through

Incubators

This aims to provide basic financial assistance and advice to innovative business ideas t help attract venture capital. This is to be done with the help of Business Incubators in the form of technical institutions that will provide ten business enterprises with workshops, facilities and expertise.

Watch the full video to know all about these and such other important schemes under the NMCP.

February 9, 2022 In Banking and Finance, Explainers, Legal, Others, Others, Policy and Regulatory, Video By editor

Interface between Insolvency & Bankruptcy Code and Admiralty Act

Watch now LawWiser’s Explainer with Zoeb Cuttlerywala, Associate Partner, Phoenix Legal, on “Interface between Insolvency & Bankruptcy Code and Admiralty Act”. The interplay between IBC and Admiralty Act has caught everybody’s attention with a very recent ruling of the Bombay High Court in the commercial admiralty suit between Angre Port Private Ltd. v/s Vessel TAG 15. Watch Zoeb explaining in detail the facts of the case along with the issues involved and the findings by the Bombay High Court. He also states that this matter has brought clarity to important issues governing Admiralty law and insolvency law. #Commercial #Banking #IBC #Bombay #Highcourt #Admiralty #Insolvency #Explainer #Suit #Legalupdate #Legalvideo #Video

January 13, 2022 In Channels, Explainers, Legal, Others, Others, Sectors, SME/MSMEs, Video By editor

Cosmetic Rules 2020 | #Explainer | LawWiser | Phoenix Legal

#Watchnow LawWiser’s #Explainer where Ritika Ganju, Partner, Phoenix Legal, takes us through the “Cosmetic Rules, 2020”.

Cosmetics although a substantial industry has been regulated thus far alongside drugs under the provisions of the Drugs and Cosmetic Act, 1940. With a huge range of international brands and booming domestic cosmetic production, it became inevitable for the regulator to streamline the regulatory process and procedures separately for cosmetic industry.

The Cosmetic Rules, 2020, issued by the government under the provisions of the Drugs and Cosmetic Act is the first step for streamlining the processes dedicated to cosmetics.

Watch Ritika succinctly explaining the objective of these rules and when do the rules become effective and how they affect the validity of approval’s/licenses issued prior to the new rules becoming effective.

To understand this and much more, watch the full video on the link given below. #cosmetic #lawwiser #phoenixlegal #cosmeticrules2020 #cosmeticlaw #drugsandcosmeticsact #legalknowledge #explainervideo #law2022 #legal

January 10, 2022 In Channels, Ecommerce, Legal, Others, Sectors, SME/MSMEs, Video By editor

MSME Request Changes In Amendments of E-Commerce Rules

There have been amendments to e-commerce laws, such as the Consumer Protection (e-commerce) rules 2020.

However, the MSME sector based on issues faced by them have raised queries on these new provisions. Tune into the latest video where #LawWiser takes you through the #QuickByte on “MSME Request Changes in Amendments of E-Commerce Rules”.

In this video, Prabhjot Singh shares some insights related to issues of the MSME sector, such as, -tracking and restriction of sales -appointment of the Grievance officer concerning the online sales.

Watch this full video as he also shares, how the online platforms have become essential for MSMEs to stay afloat in the market.

January 5, 2022 In Channels, Legal, Others, Sectors, SME/MSMEs, Video By editor

Closure of Plants in China – Opportunity for Indian MSME

China has experienced mass evacuation of foreign companies due to A mixture of longstanding issues and new challenges. It includes high tariffs, Covid-19, and increased geopolitical tensions. Moreover, the pace of companies leaving China is accelerating, causing a “ripple effect”.

Tune into this latest video where #LawWiser takes you through the quick byte on “Closure of plants in China: Opportunity for Indian MSMEs”

In this video, Aditi shares valuable insights in which she discusses some crucial points such as:-

🌐 MSME Sector in India

🌐 Why do MSME’s need a leg up in India

🌐 The Opportunity for MSME’s and the Country’s Economy

She tells us that India’s manufacturing share is nearly six percent. If MSMEs add another 10 percent, the country’s GDP will increase significantly, and this will help the country become a superpower.

January 4, 2022 In Channels, Legal, Others, Sectors, SME/MSMEs, Video By editor

Key Regulations for MSME | MSME Regulations | LawWiser

Notably, India has seen imperative growth in the employment sector mainly because of MSME. If we go with statistics, there are 63.05 million micro industries, 0.33 million small enterprises, and nearly 5,000 medium enterprises. Tune into the latest video where #LawWiser takes you through the quick byte on “Key Regulations for MSME’s”. In this video, Prabhjot Singh shares some insights related to key regulations for MSME’s, such as

🔘 Laws of equal opportunity for all

🔘 Code on wages

🔘 Laws for the underprivileged sector

🔘 Code on Occupational safety, health and working conditions

🔘 Codes on social security He also shares, when these regulations were introduced and whether they have been notified.

Stay tuned with LawWiser for more such content