New Delhi: Come April, start-ups will have a Linkedin-like platform to discover and interact with investors, mentors, incubators and other service providers in the entrepreneurial ecosystem. The new platform—an upgrade of Start-up India Hub launched in March last year—will intelligently connect s…
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Gem & Jewellery Council enters pact; Aims to skill 10k in 6 months
To train and certify artisans, the Gem and Jewellery Skill Council of India (GJSCI) has signed an agreement with Indian Institute of Gems and Jewellery (IIGJ), Jaipur and a city based jewellers association under Pradhan Mantri Kaushal Vikas Yojana here on March 15. The tri-partite memorandum of u…
10k+ youths offered jobs in Rozgar Melas
More than 10,000 youths have been offered jobs in multiple Rozgar Melas organised by the Skill Development Ministry, Lok Sabha was informed on March 15. Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy said so far multiple Rozgar Melas have been organised with the participati…
Wooden handicraft exports to come with unique barcodes
New Delhi: Wooden handicrafts from India sold abroad will soon carry unique barcodes with details of the wood used, an initiative of the textiles Ministry to build confidence among overseas consumers on legal harvesting of trees. So somebody buying a decorative wooden elephant or a wooden handicr…
Not conducted assessment of note ban on MSMEs: Minister
New Delhi: The government has not conducted any independent assessment of the impact of demonetisation on the MSME sector and has no information about the retrenchment of workers due after note ban, a Union Minister said. “The Ministry of MSME (micro, small and medium enterprises) has not c…
Provision for industrial incentives less in Andhra Budget
The provision made in the Andhra Pradesh Budget 2017-18 towards industrial incentives is less than the backlog, according to the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry. While the backlog, to be released for industrial incentives, is more than Rs. 1,500 crore,…
Finova Capital commits to disburse Rs 100 cr worth of loan to Indian MSMEs in 2017
Finova Capital, the NBFC licensed by Reserve Bank of India, is committed to making finance available for the Indian MSMEs. In a recent announcement, Finova Capital shared its target of disbursing loans worth Rs 100 Crore in 2017 to the Indian MSME sector. Within the past one year of its launch, t…
VCs are more measured about investments now: Sasha Mirchandani, Founder & MD, Kae Capital
Sasha Mirchandani, the Managing Director and founder of Kae Capital, an early stage venture fund, weighs in on the current challenges in the Indian startup ecosystem Q: With funding drying up, valuations being slashed and employees being laid off, it’s a difficult environment for startups. Who is…
Alibaba.com to help boost online exports of jewellery & handicraft products through workshops
Mumbai: Trading platform Alibaba.com hosted a workshop for Indian resellers of gold, jewellery and handicraft products here to help improve their business and expand their presence in the global markets. Alibaba.com is the global wholesale trading platform of Alibaba Group. Over 350 resellers fro…
Woollen exports: India likely to miss target of $610 mn for FY17
Wool and wool-blended exports from India is likely to miss target of $610 million fixed for 2016-17 due to slowdown in demand in global markets and moderation in commodity prices. India’s main export markets — the US, European Union and the UAE — are witnessing slowdown. The exports of wool and w…