Important Update on MSME Classification and Credit Guarantee Coverage
The Ministry of Micro, Small and Medium Enterprises (MSME) has introduced significant changes effective from 1st April, 2025, aimed at enhancing the scope of MSMEs and improving financial support mechanisms. These changes are part of the Budget 2025 announcement and are expected to benefit a larger number of enterprises. 1. Revised MSME Classification Criteria: The […]
National Seminar for Export Promotion in MSMEs Successfully organized by MSME DFO Mumbai, COSIA and TSSIA
Chamber of Small Industry Associations (COSIA), in collaboration with MSME-DFO Mumbai and Thane Small Scale Industries Association (TSSIA), successfully organized the National Seminar for Export Promotion in MSMEs through the Export Facilitation Centre on 18th March 2025. The seminar, held at TSSIA House, Wagle Industrial Estate, Thane, saw an enthusiastic response from MSME exporters and […]
Boosting MSME Competitiveness Through Lean Strategies
On 12th March 2025, COSIA, in collaboration with MSME DFO Mumbai and Thane Small Scale Industries Association (TSSIA), hosted an insightful workshop on the MSME Competitive Lean Scheme at TSSIA House, Thane. The session brought together industry experts and MSMEs eager to enhance their competitiveness through Lean methodologies. The MSME Lean Competitive Scheme is a […]
Session on the Importance of ISO in Occupational Safety & Environmental Sustainability
On the occasion of National Safety Week 2025, COSIA and TSSIA organized an insightful session on ‘The Importance of ISO in Occupational Safety & Environmental Sustainability’ on 6th March 2025. The session was led by Mr. Sadanand Vijay Mandalkar, an industry expert with 25 years of experience in Safety & Environment Management Systems and the […]
A Successful Training on Workplace Safety on occasion of National Safety Week 2025
As part of the National Safety Week celebrations, COSIA (Chamber of Small Industry Associations), in collaboration with the Thane Small Scale Industries Association (TSSIA), Directorate of Industrial Safety and Health, Thane, and Fortis Hospital, successfully hosted a training session focused on First-Aid, Occupational Safety, Health, Fire Safety, and POSH (Prevention of Sexual Harassment). Held on […]
COSIA Secures Interim Relief from Bombay High Court on GST Levy for Assignment of Lease
COSIA has been at the forefront of advocating against the unjust imposition of GST on the assignment of leasehold rights in MIDC plots. The GST department has been treating such assignments as a supply of service, subjecting MSMEs to an additional 18% financial burden, despite the fact that land transactions are already subject to stamp […]
COSIA Welcomes RBI’s Draft Circular on Prohibition of Foreclosure Charges and Pre-Payment Penalties for MSEs
The Chamber of Small Industry Associations (COSIA) is pleased to share an important update following the Reserve Bank of India’s (RBI) release of the draft circular on the prohibition of foreclosure charges and pre-payment penalties on term loans granted to Micro and Small Enterprises (MSEs). The draft circular, published on 21st February, 2025, is a […]
COSIA Participates in the Quarterly Empowered Committee on MSMEs Meeting at RBI, Mumbai
On 11th February, 2025, the Chamber of Small Industry Associations (COSIA) actively participated in the Quarterly Meeting of the Empowered Committee on MSMEs, held at the Mumbai Regional Office of the Reserve Bank of India (RBI). This important meeting, chaired by the Regional Director for Maharashtra, brought together key stakeholders to discuss critical aspects of […]