Small and Medium Enterprises (SMEs) have not only taken a big hit after demonetisation, they have been suffering from government policies that incentivise them to stay small, says Gopal Jiwarajka, the President of PHD Chamber of Commerce and Industry (PHDCCI), in an interview. Jiwarajka says the …
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Goan start-up to track Election Commission vehicles in Punjab & Goa
PANAJI: Any fears of misuse of government vehicles during the elections can now rest with a six-month old Goan start-up stepping forward to track and monitor Election Commission vehicles on a real time basis in Goa and in Punjab for the February 4 state assembly elections. The Panaji-based start-…
DIPP to fund & promote homegrown leather brands
Indian government is all set to give home grown leather brands like Woodland, Red Tape, Hidesign a marketing and promotional fillip to compete with Louis Vuitton, Hermes, Salvatore Ferragamo of the world through a new scheme. “We will provide funds and facilitate through other possible means to t…
Vibrant Gujarat: Welspun to invest Rs 4k cr on textile projects in Gujarat
Diversified Welspun Group has said it would invest Rs 4,000 crore on three large textile projects in Gujarat. Welspun India said in a BSE filing that three MoUs are being signed with the state government at the ongoing Vibrant Gujarat Summit 2017. The group, which has presence in home textiles, l…
Vibrant Gujarat: 18,533 MoUs signed for MSMEs; Sector bags maximum memos
Gujarat government said that 25,578 Memorandum of Understanding (MoUs) were inked during the Vibrant Gujarat Global Summit, but refrained to give the amount of investment they will generate. The state government broke the tradition of last seven editions of biennial summits of announcing the amou…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
Boeing launches skill development programme for front-line workers in MSMEs
New Delhi: US aircraft maker Boeing Inc launched a skill development programme in association with the aerospace manufacturing firm Jaivel to train front-line workers in the MSME segment in aerospace industry. The programme was announced in the presence of Defence Minister Manohar Parrikar and Gu…
China announces competition for Indian start-ups
The City Government of Shenzhen, China has brought to India the first ever China (Shenzhen) Innovation and Entrepreneurship International Competition. Touted as the biggest prize in startup competitions of its kind, the largest prize money for innovation and startup ideas will fetch the winner RM…
Demonetisation: Uncertainty means MSMEs funding scenario hugely negative
As the shock of the demonetisation move wears off, businesses are now bracing themselves for the coming two-quarters that are forecast to see lower demand. Many business models that depended on the flow of hard cash may just have been rendered permanently unviable from a lender’s perspectiv…
Tech platform for SMEs to create 80 lakh jobs in UP: Assocham
Underscoring the need for creating a technology platform for growth and development of small and medium enterprises (SMEs) and startups, an Assocham pre-election agenda said that such an exercise can create 80 lakh new jobs in Uttar Pradesh over the next five years. “UP has recorded impress…