West Bengal government is trying to develop silk sarees for marriage purpose as an alternative to Benarasi sarees – one of the the finest wedding-wear for the brides across the nation. The saree is being developed by experts working under the government’s MSME and textile department. …
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How Nasscom 10K program has been empowering India’s growing start-up ecosystem
Before co-working spaces and plug-and-play offices became the buzzword in the startup ecosystem in India, industry body Nasscom had opened one of the first such centres in India three years ago with its Startup Warehouse in Bangalore. Following the success of the 10K program aimed at fostering th…
Banks advised to push cash flow-based lending to MSMEs
In a bid to increase the institutional credit flow to micro, small and medium enterprises (MSMEs), banks can explore cash flow-based financing, as its funding to the sector is “not as per expectation“, a senior government official has said. “Overall credit growth to the MSME se…
Reliance-led Scalerator programme launches yet another batch of start-ups into big league
Reliance Industries-led start-up accelerator programme, the GenNext Innovation Hub, has been successfully nurturing digital entrepreneurship in India, putting the country on the global map as a start-up and innovation hub. RIL’s programme, in partnership with Microsoft Ventures, celebrated …
Govt to speed up work on 12 MSME clusters
Bhubaneswar: Government is all set to fast-track the set-up of 12 clusters under the Micro and Small Enterprises Cluster Development Programme. It will also develop mini-clusters in different fields. This was discussed at recent two-day conference of Regional and General Managers of District Indu…
Govt prioritises Odisha for coir in MSME industries
Bhubaneswar: The State Government has initiated steps to restructure Odisha Co-operative Coir Corporation Limited (OCCCL) to Odisha Coir Development Corporation Limited (OCDCL) and focus on the development of coir sector. Since Odisha is the fifth largest coconut producing State in the country an…
Andhra Pradesh tops in attracting industrial investments
Andhra Pradesh has emerged on the top among all other states in attracting industrial investments in 2015-16, pushing the previous year’s topper Maharashtra to the third spot. Andhra Pradesh attracted an investment of Rs 21,914 crore out of the Rs 1,38,700 crore gross investments across Ind…
MSME Secy urges small companies to focus on substituting imports
Substitution of imports can be a major propeller of growth of small and medium enterprises, MSME Secretary K K Jalan said on September 19, singling out toys manufacturing as an example. The government’s foremost interest in development of Micro, Small and Medium Enterprises (MSMEs) is emplo…
Bengaluru start-up brings stethoscope home 200 years after invention
From a simple wooden pipe in 1816 to a device that’s undergone several improvements today, the stethoscope has been a doctor’s close friend. And in the 200th year of its invention, a digital innovation by a Bengaluru start-up holds the promise of bringing it home for the first time. T…
Not Chinese but uniquely Indian companies will steal show: Accel’s Mitra
Homegrown companies, which play to Indian strengths, will soon start emerging as leaders in their business segments, according to one of the country’s top venture capital investors. Subrata Mitra, the partner at Accel Partners, who was the first investor in the country’s largest onlin…