The long awaited National Textile Policy is nearing finalization and is likely to be issued before April end, Textiles Minister Santosh Kumar Gangwar has said. After participating in the Make in India Week at Mumbai, Gangwar said that consultations with all stakeholders are in progress and he is …
Infrastructure should be main focus of Budget 2016 | Umesh Revankar, MD, CEO, Shriram Transport Finance
Infrastructure should be main focus of this year’s budget. ‘The Make In India’ campaigns success hinges totally on support system and enabling environment. India needs faster & efficient connectivity between ports, railways to the site / plants that would reduce logistics cost which is probab…
Provide for 2% interest subsidy for small air craft acquisition to entrepreneurs: PHD chamber
February 18, 2016 | PHD Aviation Summit – 2016 – Indian Civil Aviation-Benefits beyond Borders held here on today has recommended to the government that interest subsidy of 2% should be accorded for small aircraft acquisition from financial agencies to civil aviation entrepreneurs to develop regi…
WASME to pilot StartUp India Cell
World Association for Small and Medium Enterprises (WASME) is going to pilot a StartUp India Cell on February 22. Keeping in line with Prime Minister Narendra Modi’s StartUp India campaign, the cell will do skill mapping to facilitate training in accordance with the requirement of a particular re…
Indian ecommerce market to grow fastest globally over 3 years | Morgan Stanley
India received $6.6 billion in venture capital and private equity investment in 2015, a 50% increase from the previous year, which probably contributed to a steep growth in the gross merchandise value for ecommerce companies, Morgan Stanley said. The GMV of the country’s top three ecommerce…
SmashUp to facilitate funding for 10 Start-ups
The Indus Entrepreneurs (TiE) will be organising SmashUp, a competition with an instant funding opportunity for startups, in Hyderabad from February 27. Designed to enable the startups to learn the art of building successful ventures from mentors and successful entrepreneurs, SmashUp will provide…
Angel Funding gains Tracxn with tech A-Listers joining in
Startup research platform Tracxn has raised a new round of angel funding from former UIDAI chairman Nandan Nilekani and former Infosys CFO Mohandas Pai, along with WhatsApp’s Neeraj Arora and Junglee Cofounder Anand Rajaraman. The startup said that the new set of investors will help it sell…
Start-Ups to offer record salary increase in 2016 , Survey
Even though there is a fear of consolidation in the start-up ecosystem, the salary increase in this sector has been projected to be the highest among all sectors for 2016. Aon Hewitt, the global talent, retirement and health solutions’ business of Aon plc, has projected a 15.6 per cent pay …
TN interim budget has very little for MSMEs
Tamil Nadu Government has announced the interim budget, but the Micro, Small and Medium Enterprises (MSMEs) seems disappointed with this. the President of Tamil Nadu Small and Tiny Industries Association (TANSTIA) MUTHUSAMI C. said that there is nothing for the MSMEs in this interim budget as we …
Andhra to set up MSME township
The Micro, Small and Medium Enterprises (MSME) sector will get a major push as the Andhra Pradesh government has proposed to set up an exclusive model industrial township in a 200-acre site outside Vijayawada. Taking cue from its neighbouring telangana state, which had decided to set up Industria…