Maharashtra Chief Minister Devendra Fadnavis, on May 10, said that the Micro, Small and Medium Enterprises (MSMEs) are playing a major role in making India a manufacturing and technology hub. “As we are moving fast towards industrial revolution, the MSMEs are playing major role in making ou…
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Industry leaders to meet Defence Minister & discuss policy to transform MSMEs in sector
Ahead of the Defence Acquisition Council (DAC) meeting next May 15, industry representatives are meeting the Defence Minister Arun Jaitley on May 11 to discuss issues related to the delay in government’s Strategic Partnership (SP) for defence. The SP policy was to be part of the amended Defence P…
Leg-up to BioTech start-ups! May soon get relaxation of 3 more years for eligibility
Bio-technology firms are likely to soon get a relaxation of an additional three years in the eligibility criteria for being recognised as start-ups. The Department of Bio-technology (DBT) has sent a formal proposal to the Department of Industrial Policy and Promotion (DIPP) stating that the requi…
SBI sanctions credit facilities of $3.1 m to Aye Finance; NBFC to now reach out to more MSEs
Gurugram-based NBFC Aye Finance has been sanctioned credit facilities to the tune of $3.1 million (Rs 20 crore) from the country’s largest public sector bank State Bank of India (SBI), for the purposes of on-lending. The credit facility will enable Aye Finance to further its goal of financial inc…
3 reasons why banks & fintech start-ups are collaborating for financial services
We are living in an age of a revolution that is data-driven and new technologies are being founded everyday to bring forward artificial intelligence (AI) and machine learning. This is in turn changing the way people live their lives and every sector imaginable is impacted – including financial se…
A new centre to boost MSMEs launched at Sion in Mumbai
Union MSME Minister Kalraj Mishra and Chief Minister Devendra Fadnavis launched the Institute for Design of Electrical Measuring Equipment (IDIME), a new centre to boost small and medium scale enterprises (MSMEs), at Sion in Mumbai on May 10. Fadnavis said the state government was working on comb…
Only MSMEs can provide maximum jobs, entrepreneurs & products for India: Kalraj Mishra
Micro, small and medium enterprises (MSMEs) account for over 37 per cent of India’s GDP and a major chunk of employment. In an effort to push this segment as an engine of growth, the government recently launched an online portal and mobile app for tracking data from business-related schemes and t…
Cisco to work with Andhra to help SMBs take-off
Cisco Systems, a world leader in IT and networking, will work with Andhra Pradesh to make starting a small business easy. This was agreed when Chief Minister N. Chandrababu Naidu, currently on a visit to the US, called on John Chambers, Executive Chairman and former CEO of Cisco Systems, on May 9…
Karnataka govt grants Rs 10.7 cr to bolster 26 BioTech start-ups
The Karnataka Government said it has granted Rs 10.70 crore to 26 start-ups in the BioTech sector to bolster innovation. The 26 winners of the Idea2PoC (proof of concept), an initiative organised by the Karnataka Startup Cell, received cheques ranging upto Rs 50 lakh (each) in the first tranche f…
The story of start-ups has just begun in India: Polish Ambassador Tomasz Lukaszuk
The second day of the ongoing Women Economic Forum in New Delhi saw Polish Ambassador to India, Tomasz Lukaszuk, speaking on women rights and start-up culture in Poland, and what lies ahead for budding entrepreneurs in India. Edited excerpts: Q: How is the Polish start-up culture different from I…