Devendra Fadnavis on November 30 said a new comprehensive policy on start-ups would be unveiled in Maharashtra soon. Speaking at the Badalta Maharashtra conclave organised by Loksatta in Mumbai, the CM said a state-of-the-art start-up park had been planned in Pune. He assured young entrepreneurs …
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Adoption of modern technology to accelerate textile industry’s growth, says India ITME Society
With Indian textile industry aiming to double its exports and turnover in next five years, the textile machinery industry is expected to witness a robust demand. “For textile industry to achieve this growth, it has to rely on modern technology and engineering. Thus, we anticipate a strong demand …
National Student Start-up Policy: Major step for encouraging student entrepreneurs
The National Student Start-up Policy aims to create 100,000 students owned tech-based start-ups and a million employment opportunities by 2025. Formulated by AICTE, the policy would outline roles of the AICTE, academic institutions, and TBI (Technology Business Incubators) in creating student ent…
Petroleum Ministry to partner start-ups for exploration & production
To bring in innovations and increase the involvement of startups in the petroleum sector, the ministry of petroleum and natural gas is looking to partner with startups and include them in core exploration and production activities. “Oil companies shall not only be funding these startups but will …
A long road ahead for M&A activities in India’s start-up ecosystem
Bengaluru: Merger and acquisition (M&A) activity in India’s start-up ecosystem is increasing, but it will take two to five years more to gain scale. Start-ups that have received venture funding in the last two years will take at least that long to begin acquiring other companies or gain enoug…
Accel Partners raises $450 mn India fund
Bengaluru: Venture capital (VC) firm Accel Partners, which over the years has backed high-profile technology start-ups, including Facebook Inc. and Flipkart, has raised $450 million for its fifth India fund, indicating that investors are still enthusiastic about Indian start-ups. The latest fund …
How MSMEs can overcome funding & tech challenges
Access to low-cost technology and cheap funds is perhaps one of the biggest challenges faced by the nation’s small businesses. But, even as small businesses across the country go through a bad patch, lenders are willing to take on the risk and give them the support they need. Similarly, technolog…
Demonetisation Effect | Microfinance firms stop lending in UP on loan waiver rumours
Mumbai: Microfinance companies such as Ujjivan have either stopped or slowed lending in pollbound Uttar Pradesh, saying local politicians are spreading rumours that the demonetisation drive is something like a farm loan waiver and people need not repay their loans. “We are not lending in UP till …
Govt hopes to sign deals worth Rs. 1.5 lakh cr at Make in Odisha meet
The Odisha government, which is holding its maiden ‘Make in Odisha’ conclave, on back of Centre’s ‘Make in India’ initiative, is hopeful of bagging deals worth Rs. 1.5 lakh crore in the event that is to be held from November 30 to December 2. This is over and above the Rs. 1.4 lakh crore worth [&…
Textile machinery industry to touch Rs 35k cr in 5 yrs
Mumbai: The size of domestic textile machinery industry is poised to hit Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore on the back of government initiatives like ‘Make in India’, an industry member said. “The textile machinery manufacturing secti…