A two-day national vendor development programme and business-to-business meet, “Laghu Udyog Expo-2017”, is being organised by the public sector Cochin Shipyard Limited (CSL) along with the Department of Industries and Commerce and the MSME Development Institute, Thrissur. Industries M…
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Mission Makeover: KVIC all set to revamp versatile Khadi fabric
The Khadi and Village Industries Commission is all set to undergo an image makeover to reach youth by introducing contemporary ensembles. In line with popularising the versatile fabric in a big way, the KVIC aims at bringing about designs by teaming up with the National Institute of Fashion Techn…
GST ready to sail, but majority of SMBs are still at sea, reveals survey
With less than 50 days left to the rollout of goods and services tax (GST), businesses are on edge about their preparedness. The bigger ones have to worry about the GST-compliance of all their suppliers and distributors, as even one laggard in the chain can trip them up. Bengaluru-based garment m…
CFTRI to promote start-ups in food processing sector
With a view to promoting start-ups in the food processing sector, CSIR-Central Food Technological Research Institute (CFTRI), Mysuru, will be launching entrepreneurship training programmes in association with the Kautilya Entrepreneurship and Management Institute, Bengaluru. Breakfast foods, read…
Italy evinces interest in Make in India, Startup India & Digital India
The bilateral relationship between India and Italy is witnessing significant changes, with a large Italian business delegation visiting India in the last week of April and Commerce Minister Nirmala Sitharaman just concluding her trip to Rome. Sitharaman, accompanied by senior officials from the D…
Funding Revival: Chinese & US tech corporates re-energise Indian start-ups
There’s a start-up funding revival in 2017, and it is being driven by Chinese and US tech companies. In 2015, it were hedge funds and pension funds that played a big role in large funding rounds, and it was their retreat that led to the slowdown of 2016. But now, corporate funds have come t…
Start-up migration: In Bengaluru, Keralite entrepreneurs find a safe domain
Varun Priyan, Founder of VRnxt, a Kochi-based start-up focusing on Augmented Reality and Virtual Reality (AR/VR), had big ambitions while developing a mobile-based VR tool for property dealers and automobile dealers. But now, his dreams are in tatters. After initial success, he has been finding i…
Harvest jobs, reap benefits: Soon, cos to state hiring estimates to qualify under Startup India
New Delhi: Companies eyeing benefits under the Startup India programme will soon have to declare upfront how many jobs they will create in order to qualify as the government moves to make employment generation the guiding principle for all its major programmes. “We will soon notify the new …
FICCI’s Economic Outlook Survey projects GDP growth of 7.4% for 2017-18
The latest round of FICCI’s Economic Outlook Survey, conducted during March & April 2017, puts forth a median GDP growth forecast of 7.4 per cent for the fiscal year 2017-18, with a minimum and maximum level of 7.0 per cent and 7.6 per cent respectively. While agricultural sector is estimated…
K’taka sets aside Rs 2.5 cr for original IPs in animation under Idea2PoC initiative
The Karnataka Government on May 14 announced a grant of Rs 2.5 crore for Intellectual Properties (IP) in the animation sector. The grant is aimed at developing world-class content for a global audience from Karnataka. The State Government will provide a grant of up to Rs 50 lakh to each of the IP…