To ease the process of setting up and running businesses in the state, the Uttar Pradesh government will soon provide single-window clearance facilities to entrepreneurs, while projects pending approval at the Uttar Pradesh State Industrial Development Corporation (UPSIDC) head office are expecte…
Potential in technical textile sector yet to be tapped properly
Lack of awareness and lesser penetration in rural areas was the reason the vast potential in the technical textile sector could not be tapped properly,a senior Textile Commissioner official said, even as major textile associations extended support for the sector’s growth. Though the sector …
A stronger ecosystem for SMEs increasing Digital India footprint
Increasing access to the Internet even in smaller towns and the rate of smartphone-led connectivity spreading across the country meant India was prime ground for a campaign like Digital India. But end-users getting savvier and going online to be connected to services or making purchases isn’t the…
IAN invests close to $50 mn in start-ups during 2016
India’s largest angel association Indian Angel Network (IAN) invested close to Rs 340 crore in seed and early stage deals during 2016. The network invested in about 30 deals, averaging three deals a month, many of which were follow on rounds in existing portfolio startups. IAN has a members…
Textile industry to attract Rs. 1 lakh cr investments by 2025
The Indian textile industry is expected to attract Rs. 1 lakh crore investments in technical textiles by 2025, according to M. Senthil Kumar, Chairman of Southern India Mills’ Association. At a conference on technical textiles and non-wovens organised by Federation of Indian Chambers of Commerce …
Droom plans to invest around $10 mn in acquisitions
Online automobiles marketplace, Droom plans to invest around USD 5-10 million for at least three acquisitions during 2017 in order to strengthen the technology platform, according to a top executive of the company. “We may acquire 2-3 companies and have allocated between USD 5-10 million fo…
Pipe dream of having ease of doing business in India
In the latest World Bank report on ‘ease of doing business’, India has limped to 130th rank from previous ranking of 131. This report as expected, drew sharp reaction from government on inability of World Bank to factor in plethora of reforms initiated by it. To be in all fairness, whatever the p…
Start-ups need constant reinvention: Manish Choudhary, Pitney Bowes India
New Delhi: This has been a tough year for start-ups—grappling with multiple challenges from funding squeeze to valuations downgrade. In an e-mail interaction, Manish Choudhary, senior vice president, global innovation & Managing Director, India, Pitney Bowes discusses the start-up ecosystem i…
Israel’s OurCrowd looks to bring more Indian investors on board
Israeli crowdfunding platform OurCrowd is looking to bring Indian angel investors on board to fund companies in Israel and in other countries and has caught the interest of prominent angel investor Mohandas Pai as well as Indian crowdfunding platform LetsVenture. Pai said he is set to join the pl…
This start-up brings light & money to people in hinterland
Vishnu Raghunathan and S Deepak Kumar were working together for the government of Bihar on a World Bank Project from the year 2013 to 2015 at Purnea, in north-eastern Bihar. They were rolling out off-the-grid solar power to the surrounding energy-deprived areas for basic services such as lighting…