German Small and Medium Enterprises (SMEs) have pledged to invest over Rs 3,000 crore for the ‘Make in India’ initiative for setting up of new manufacturing plants and projects. The German SME’s (Mittelstand) have committed an investment of over Rs 3,000 crores for ‘Make I…
Nasik MSMEs seek five per cent cut in power tariff
Nashik-based Micro, Small and Medium Enterprises (MSMEs) want the state government to make it mandatory for its agencies to procure 20% of the goods or spare parts from them. They have also asked the government to reduce power tariff for industries by 5%. The industries have raised expectations a…
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
Minimum import price hurting exports and MSME units | S C Ralhan, President, FIEO
S C Ralhan, President, FIEO said that exporters are already working on low margins and facing cut-throat competition besides huge volatility in currency. The imposition of minimum import price resulting in increase in steel prices by 15% has further blunted the competitive edge of Indian engineer…
FICCI to enable & empower travel start-ups, digital tourism
NEW DELHI, March 18, 2016. The world is moving towards a new business ecosystem enabled by technology. In keeping with the emerging scenario, FICCI conceived India’s first dedicated event on travel and hospitality technology, ‘Travel & Hospitality Tech Conclave’ to leverage technology to give…
Paytm targets seller base of 5 lakh by FY17-end
Mobile payments firm Paytm said it will increase seller base on its online marketplace multi-fold to 500,000 by the end of next financial year. The company has 100,000 sellers on its marketplace that offers a host of buying options to consumers. “Our target is to increase our seller base fr…
Real-time school bus tracker AppAlert raises Rs 6 Crore in seed funding
Gurgaon-based maker of AppAlert, a mobile-based, real-time school bus tracking system has raised more than Rs 6 crore in a seed round from an angel investor to launch a cloud-based solution. The app allows real-time tracking of school buses which exceeds the GPS compliance requirement by the Cent…
Startup conference Whatnext 2016 in Ahmedabad
Icreate, an autonomous start up support institution will organize a one day event – Whatnext 2016 that will bring together a variety of opinion leaders, policy designers, successful entrepreneurs, academicians and leading investors to share the experiences and their vision in creation of a …
Viber opens up its public chat system to Indian startups
Viber has opened its public chat system to Indian startups, as part of the messaging platform’s efforts in India to reach out to fledgling businesses. Zopper, ObiNo, Vuclip, Lootore and KhauGaliDeals are among the startups that in the past two to three months have joined Viber Public Chats …
Four Indian startups selected by Airbus BizLab accelerator
Airbus BizLab has selected four startups from India for its six month business accerator program. These are Blue Morfo, Shoonya Games, Qualitas and Open Turf. These four companies were selected from about 80 startups that had applied to the call for proposals in Bengaluru. Apart from these, Velme…