In sync with Prime Minister Narendra Modi’s StartUp India initiative, the Maharashtra government has freed the State Innovation Council from its clutches, making it an independent body with the prime objective to make Mumbai and Maharashtra the capital of start-ups. The state cabinet took a…
Gujarat to make its pitch at Make In India week
Chief Minister Anandiben Patel and the state’s big industrialists will promote Gujarat as an investment destination at the first-ever `Make In India Week’ programme to be held in Mumbai from February 13. The state will host its own investment summit on February 16 in which Patel will …
Social Venture Capital sees 8 per cent rise during 2015
Social Venture Capital firms have invested about $95 million over 53 deals in India during the 12 months ended December, according to data from Venture Intelligence. Deal activity increased 8.2% compared to 2014 which had witnessed 49 such investments valued at $106 million. The larger sized inve…
Rs 175 crore Govt. grant for enhancement of global competitiveness of Capital Goods Sector
The Government has approved five projects and granted Rs 175 crore for enhancement of global competitiveness of Indian Capital Goods Sector. Under the first project 500 acres of land has been earmarked for Integrated Machine Tools Park in Tumkur in which space will be reserved for number of MSMEs…
RBI proposes easier access to Foreign Capital for start-ups
The Reserve Bank of India (RBI), in its sixth bi-monthly monetary policy statement, has proposed steps to improve ease of doing business for start-ups through easier access to foreign capital and by enabling smoother transfer of ownership. RBI Governor Raghuram Rajan said the central bank wants t…
Cloud play will spur MSME growth in Uttar Pradesh | CRISIL Study
Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh stand to benefit immensely from cloud-based technology services being offered under a new initiative specifically for the sector. CRISIL believes the initiative from Microsoft will help these units manage their costs and functions more …
Defence Procurement Policy a game changer for MSMEs
Predictably, the Defence Procurement Policy 2016 (DPP) unveiled by Defence Minister Manohar Parrikar has generated much commentary and as is always the case when a new policy is announced by the government – some debate as well. The consensus is that the new DPP will go a long way in addres…
Telr’s flexible solutions to Start-ups, SMEs
International e-payment gateway Telr announced the launch of the first merchant self on-boarding solution in India that will enable fast and seamless integration without upfront costs. The launch aims to assist the country’s merchants in building robust online businesses through its rich, s…
Business Meet for SMEs in Kerela on February 4
The State Chief Minister Oommen Chandy will inaugurate ‘Kerala Business-to-Business Meet 2016’ for Small and Medium Enterprises (SMEs) at CIAL Trade Fair & Exhibition Centre at Nedumbassery on February 4. The meet, organised by the Department of Industries and Commerce, will bring together 20…
Capital Float’s Gaurav Hinduja on funding SMEs
Gaurav Hinduja, founder of SME-focused online lending platform Capital Float, says while a robust digital ecosystem is necessary for SME lending to pick up in the country, the problems that SMEs face in raising working capital can only be solved by digital and traditional banking channels working…