The Centre is working on a ‘compliance report” of its flagship ‘Make in India’ (MII) initiative that attempts to transform India into a global design and manufacturing hub as well as generate large-scale employment. The objective of the exercise, among other things, is to find out whether the gov…
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‘Waah’ funding! IIT-K grants Rs 50 lakh to this start-up providing clean & cheap water
To promote a startup firm involved in providing clean and cheap drinking water, Indian Institute of Technology, Kanpur has sanctioned seed funding of Rs 50 lakh to Lucknow-based Decentrik Technologies. Vineet Vats and his team in Decentrik Technologies have developed a mobile water ATM known as ‘…
Textile scrips rise on revival in sentiment
The share price of textile companies jumped by up to 10 per cent on March 23, on the expectation of a sharp recovery in textile and apparel export in the coming months, due to less shipment from China. The domestic market is also gradually overcoming the dull demand sentiment which had arisen out…
Cisco launches its first ‘Make in India’ product to digitally enable SMBs
New Delhi: Networking giant Cisco Systems Inc. on March 23 unveiled one of the most popular products in its switching portfolio as the company’s first “Make in India” product. Minister for electronics and information technology Ravi Shankar Prasad said at the launch that he had requested Cisco’s …
Start-ups should focus on the needs of India-2 & India-3: Google (SE Asia & India) VP & MD
Bhubaneswar: While interacting with an eclectic gathering of more than 500 startups, entrepreneurs and policy makers Rajan Anandan Vice President & M.D, Google for South-East Asia & India called upon the startups to focus on the needs of India-2 and India-3. He said that most of the start…
Coming Soon: Start-up incubation centers in Pink, White & Blue cities of Rajasthan
Jaipur: Rajasthan government said that the work to set up start up incubation centers at the divisional headquarters level is under progress and those in Jaipur, Udaipur and Jodhpur would start soon. Replying to debate on demand for grants for education, art and culture in the assembly, the Highe…
Logistics start-up Delhivery grabs a hefty $100mn investment
Logistics start-up Delhivery has raised $100 million capital in a latest round, led by Carlyle Asia Partners Fund IV. Along with Carlyle, Tiger Global Management has also participated in this round. As per the reports, US-based investment fund Carlyle Asia Partners IV has picked up a significant …
Riddled with challenges, Smart City project is mostly “noise” for start-ups
For 1.5-year-old Delhi-based startup GetMyParking, the government’s 100 Smart Cities project is a mouth-watering business opportunity. “Smart city projects are about huge scale. We are talking about 100 smart cities and many more to come,” said Rasik Pansare, Co-Founder at the 45-people startup t…
Karnataka funds eight tourism start-ups under Idea2POC scheme
The Karnataka government has selected eight startups in the tourism space for grants ranging between Rs 5 lakh and Rs 50 lakh as part of its multi-sectoral startup policy. The government will disburse the funds under its Idea to Proof of Concept (Idea2POC) Grant Scheme, which is part of the broad…
Cell to help foreign investors in food processing sector
New Delhi: Ministry of Food Processing Industries has created an Investment Targeting and Facilitation Desk to help foreign companies which are looking for investment in food processing sector. The Cell shall also prepare a list of Indian companies also for their foreign partners. Government spok…