With the countdown to Gujarat’s biennial mega global business summit begun, the state government on January 1st claimed that all of its over 1,500 stalls have been booked. Minister for revenue and education, Bhupendra Chudasama, claimed that the Vibrant Gujarat Global Summit (VGGS) will be …
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Post-GST tax benefits: Solution a must, otherwise Make in India will die a premature death
Though GST has been postponed for now, state governments would do well to sit down with firms they have promised tax sops to, in order to invest in their states, and figure out how to honour these promises—indeed, since tax sops are one way of attracting investors, a solution for existing investo…
Govt expects job creation to improve under PMEGP: Kalraj Mishra
The government expects job creation under Prime Minister’s Employment Generation Programme (PMEGP) “to improve” in the coming days, notwithstanding the consistent decline witnessed in the number of jobs created under the scheme since 2012-13. According to provisional estimates, …
VC investments dip 21% in 2016; IT stays favourite segment
Venture Capital firms made 405 investments in India, worth $1.4 billion during 2016 as compared to 512 deals worth $2 billion in 2015, which is 21% lower in volume terms and 28% lower in value as compared to the all-time highs of 2015, according to a data from Venture Intelligence. With 304 inves…
3,659 industrial units set up in Himachal Pradesh in last 4 years, says govt
As many as 3659 industrial units have been established in the Himachal Pradesh during the last four years with an investment of Rs 3581.48 crore providing employment to 48422 youth, an official spokesman here said. In addition, the State Level Single Window Clearance and Monitoring Authority appr…
2017: A new agenda for start-ups will get India to the 10% growth rate mark
The last two years have seen a slew of initiatives and agendas announced by the government—starting with the National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swacch Bharat Abhiyan, Make in India, Start-u…
Entrepreneurs turned investors grow the Indian start-up ecosystem
India is today the third largest startup ecosystem in the world, behind the United States of America and Israel. A young and educated population, strong support from the government, a large and Internet-connected consumer base and presence of venture capital investors have led to the creation of …
pi Ventures to invest Rs 200 cr in AI-focussed start-ups
Bengaluru: For Manish Singhal and Umakant Soni, it was a decision that had all the reasons to be made. With entrepreneurs finding novel ways to generate previously untapped data, artificial intelligence (AI)-based startups are gaining importance these days. So, they set up a unique AI-focussed fu…
PM Modi’s New Year’s Eve address: Multiple sops announced for SMEs
Prime Minister Narendra Modi in his New Year’s eve address on December 31 announced sops for the SME and MSME sector. “To increase the employment that SMEs and MSMEs can provide, we are increasing the credit guarantee to Rs 2 crore from 1 crore,” PM Modi said. “Through a trust, the government wil…
Things normalising for MSMEs after note ban, says Kalraj Mishra
Trying to dispel fears that the MSME sector had taken a big hit from demonetisation, Union Minister Kalraj Mishra on December 31, said things are falling in place slowly despite “initial difficulties”. Addressing reporters here on the ministry’s achievements in 2016, Mishra admi…