Mishra ordered to speed up the construction of all the Technology Centers, while reviewing the work of MSME Development Organization. He was assured that the work on at least 10 Technology Centres will start during the year. He desired that all Technology Centres should be completed in all respe…
India leveraging Hannover Messe for transforming manufacturing; Make in India big hit
Having emerged as the fastest growing economy in the world, India is transforming its manufacturing industry with a clear objective to become an essential part of the global supply chain and is leveraging the renowned Hannover Messe for yet another time for promoting the ‘Make in India’ programme…
Kalraj Mishra reviews work of Mahatma Gandhi Institute for Rural Industrialization (MGIRI)
Kalraj Mishra, Union Minister for MSME appreciated the work of MGIRI specially in bringing out innovative technologies such as, extracting amino acid from human hair, Solar Potter Wheel, Solar Blunger and 10 & 16 spindles Solar Charkha. He also appreciated the Principal Scientists who have a…
India and Bahamas trade to touch US$3 billion by 2020
Amid slowdown in the world economy, India and Bahamas trade is projected to touch at US$3 billion by 2020, said Dr. Mahesh Gupta, President, PHD Chamber. India has potential to export commodities including ships, boats, mineral fuels, articles, among others of iron and steel to Bahamas as these c…
Infosys Co-Founder Nandan Nilekani invests in RailYatri
Infosys Co-Founder Nandan Nilekani has invested an undisclosed amount in train travel app, RailYatri.in. In addition to the Former UIDAI Chairman, RailYatri’s existing investors Helion Ventures, Omidyar Networks and Blume Ventures have participated in this round, RailYatri said in a stateme…
Now, Payjo’s bot will recharge your phone
Fintech payments startup Payjo has launched its product Recharge Bot, an application virtualisation platform for recharging prepaid phone accounts through Facebook messenger, the product has seen up to 2,000 users since its launch over 48 hours ago. The application does not need to be downloaded …
Zopper reaches out to more cities, doubles gross sales
Hyperlocal e-commerce startup Zopper said it is set to more than double its gross sales to $250 million this year as it expands its city reach and at the same time, keeps its portfolio focussed on electronics. Zopper, which allows users to shop from the nearest retail store, said it plans to expa…
Wipro ventures picks up minority stake in cyber security startup Vectra Networks
Wipro Ventures, the $100-million venture capital arm of India’s third largest software exporter Wipro, has invested an undisclosed amount for a minority stake in Silicon Valley-based cybersecurity startup Vectra Networks, according to an executive directly familiar with the matter. Vectra, …
E-commerce firms, retail groups boost handloom sales
The handlooms commissioner under the Union Ministry of Textiles says they have brought in nine leading e-commerce entities, including Flipkart, Amazon and eBay, to increase these products’ penetration in the domestic market. With the same end, they also tied up with 70 retail outlets. Alok Kumar,…
IC² Institute, AP govt sign MoU for incubation programme
A model business incubation centre in Tirupati, Andhra Pradesh, has got a shot in the arm with the IC² Institute’s Global Commercialization Group (GCG) signing an MoU on April 28 with AP and the Federation of Indian Chambers of Commerce and Industry (FICCI) to start a multi-year programme. A GCG …