Only 17% of India’s GDP comes from manufacturing as against 29% for South Korea and 34% for China. The gap has widened in the last decade. The BJP Government is attempting to correct the same with its Make in India initiative. However most of the initiatives taken up by PM Narendra Modi have real…
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Here are the 10 startups chosen for India’s first ‘Startupbootcamp FinTech’
FinTech is at the forefront of the transformation in the financial industry and is changing the way value and ownership is exchanged, the risk is managed and transactions are performed. While this transformation is taking place across the globe, India’s growing economy and large and under-t…
Budget 2017: Internet companies ask for removal of ‘Google tax’
India’s internet companies are raising their voice against the equalization levy also termed ‘Google tax’ that was imposed in last budget even as the finance minister is expected to widen the tax net for such a levy. Internet and Mobile Association of India (IAMAI) which has members s…
Back Indian textile industry to double productivity by 2030
Textile sector once upon a time was one of the key industrial sectors in India, currently contributing 5 percent to India’s GDP and 14 percent to overall index of Industrial production. According to a study conducted by Wazir Advisors and PCI Xylenes & Polyester, the sector has potential to g…
IITs fourth largest producer of unicorn start-ups in the world
Chennai: If you aspire to create a billion-dollar business in India, one of the IITs is your best bet. Sage, a UK-based accounting and payroll company, stated this in a research released on January 28. In a study that lists universities that have produced the most unicorn founders, the Indian Ins…
Hubballi to host India’s biggest start-up incubation
Hubballi: Indian-American entrepreneur, philanthropist and venture capitalist Gururaj Deshpande is setting up India’s biggest startup incubator in Hubballi, about 400km from Bengaluru. The 82,000-sqft facility is expected to open in September. It will have the capacity to seat over 1,200 pe…
Panel submits report on National MSME Policy
The committee tasked with drafting a comprehensive policy for the country’s micro, small and medium enterprises today submitted its report. The one-member panel of former Cabinet Secretary Dr Prabhat Kumar submitted the report on formulation of a National MSME Policy to Union MSME Minister …
Exit barriers for MSMEs not given much attention, says EDII Director
Ahmedabad: Even as rising number of sick Micro Small and Medium Enterprises (MSME) units continue to plague Gujarat, the Entrepreneurship Development Institute of India (EDII) in Ahmedabad is reportedly working in ‘policy formation’ for MSMEs at both the state- and central-level to counter this t…
Cisco’s AppDynamics deal may pave way for unicorns
It was supposed to be the first technology initial public offering (IPO) of 2017. Less than a day before AppDynamics Inc. was set to price its shares on January 25, a group of employees and investors boarded a plane to New York City to attend the traditional bell-ringing ceremony for new listings…
Pearl Academy strengthens its partnership with Khadi India
Pearl Academy, an institute for fashion, design and creative business entered into a partnership with Khadi India, as the students performed at the Khadi tableau which was a part of the 68th Republic Day celebrations in Delhi on January 26. The students of Pearl Academy adorned themselves in Khad…