Lending support to the initiative of the Micro, Small and Medium Enterprises Ministry to create a data bank of MSMEs in all the States, the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) inaugurated the MSME Development Institute Facilitation Centre at its …
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Start-ups, MSMEs to be focus of Vibrant Gujarat Summit: CM
Ahmedabad: The upcoming edition of Vibrant Gujarat Summit (VGS) in January 2017 will lay emphasis on startups as well as micro, small and medium-enterprises (MSMEs), Gujarat Chief Minister Vijay Rupani said on October 21. “The state government has announced a startup policy to ensure that G…
Hindi Chini bhai bhai for Indian handloom
Small things are often more beautiful and sensitive than big things. Our handicraft being a prime example. Crafted with love, care and emotion it represents our culture as well. This love and culture, now, is spreading across world as Indian handicraft market is growing by the day, thanks to bett…
Khadi: Brand statement of India
The cover image of a Khadi bulletin published in 1921 had the map of India and the image of a village woman spinning a wheel. The words read: “To whom will you give? To foreign mills or to our poor cultivators?”. It was a reminder of Mahatma Gandhi’s appeal to the urban and middle class [……
Special package to be extended for home textile segment: Textile Ministry
The made-ups and home textile segment is expected to be covered under the Rs 6,000-crore special package recently approved for the garment sector. Union Minister of Textiles Smriti Irani told the industry her Ministry is actively considering to extend the benefits of special package to the made-u…
SIDBI issues Rs 10 cr each to Ankur Cap, Omnivore Partners
BENGALURU: The Small Industries Development Bank of India (SIDBI) on October 20 issued Rs 10 crore each to agriculture and rural development-focused venture funds Ankur Capital and Omnivore Partners from the ASPIRE fund, a fund of funds with a corpus of Rs 60 crore. The ASPIRE Fund, which is part…
Leveraging technology to create a Healthy India
If Santa Claus were a real phenomenon, he would have to carry bags full of health and fitness apps this season. Everyone knows someone who is building an app in this context, as there are more than 150,000 health and wellness apps today. If you step back and think about how new and young this [&h…
MSME launches ASPIRE fund to promote entrepreneurship in rural areas
The Ministry of Micro, Small and Medium Enterprises (MSME) has launched ASPIRE Fund with a corpus of $8.9 Mn (INR 60 Cr) that aims at the promotion of entrepreneurship in rural India. The fund was launched by Kalraj Mishra, Minister, MSME, India. The funds launched will be administered The Small …
RBI relaxes foreign investment norms in start-ups & fin cos
The Reserve Bank of India (RBI) on October 20 relaxed foreign investment norms in financial services firms, startups and in investments by foreign regulated capital investors. The RBI has allowed 100% foreign investment through automatic route in financial services other than banks or insurance c…
Modinomics: New art of diplomacy
Prime Minister Narendra Modi has been able to leverage India’s economic advantages to improve international relations and vice versa. He recognises that India’s ambition to become a $10-trillion economy and create 175 millions jobs by 2032 will depend on linking the country’s foreign policy to do…