Tamil Nadu has the highest number of factories in the country and employs the largest factory workforce, according to RBI data for the financial year 2014. The Reserve Bank of India, for the first time, has published a Handbook of Statistics on state-level data. In terms of capital, Gujarat has b…
KVIC bags order for durries from coast guard
The Khadi and Village Industries Commission (KVIC) has added yet another feather to its cap. The organisation has bagged first ever order for supply of 3,500 durries from the Indian Coast Guard for the use by its units in Chennai, Mumbai, Kochi, Porbandur and Paradeep at a total cost of Rs 14 lak…
Startups aren’t celebrating Procurement Policy yet
Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…
FFMA: Fishermen catch all the action with this mobile app
Before he ventures out to sea in his boat, fifty-year-old K Anjaapuli — who has been fishing for 35 years along the coast of Puducherry — whips out his phone and logs onto an Android app. “After the tsunami of 2004, we got only 1/10th of the harvest we would get earlier. The movement of [&h…
Snapdeal’s ex-CPO Anand Chandrasekaran sees a good deal in these 6 startups
Anand Chandrasekaran, who quit as the Chief Product Officer at Snapdeal a month ago, has announced investments in six startups — Truce, MagicX, Lucideus, LoanCircle, Lernr and Rupeek — and plans to invest in three to five more companies this year. Chandrasekaran has become an active angel investo…
Robotics firm GreyOrange to ramp up global operations for contributing 70% to its revenues
Robotics firm GreyOrange is looking at strengthening its international presence and hopes to ramp up non-India operations to contribute about 70% of its revenues, up from the present 30%. “After starting operations in Japan, Hong Kong and Singapore last year, we are looking at entering the …
WaterBridge is ready to venture out with $15 million
Private equity veteran Manish Kheterpal has floated a $15-million (about .`100 crore) early-stage fund, Water-Bridge Ventures, the latest instance of a new fund launch in an increasingly competitive space. The Sebi-registered, India-domiciled fund, which will focus on the pre-Series A to Series-A…
Startup ecosystem in Kerala loses sheen, but hope floats
Kerala was the first off the starting block in India to start an IT park in Thiruvananthapuram way back in 1990. But, the state failed to capitalise on the early start as cities like Bengaluru and Hyderabad soon overtook it in terms of IT exports and employment. Four years after Kerala started it…
Paytm to help SMEs get products from China
Digital payments and e-commerce platform Paytm is working with sellers in India to help them source products from neighboring China, according to a senior company official. While the company has already started sourcing products under the fashion accessory category on a pilot basis, it plans to a…
Govin Capital to set up startup accelerator India Pune chapter
Singapore headquartered Govin Capital has entered into an agreement with Pune based Seed Infotech to launch the Pune chapter of its Startup Accelerator India. Govin Capital also announced an investment in two healthcare companies, Palash IVF Solutions and CEllBeans Healthcare. Anand Govindaluri, …