Prime Minister Narendra Modi’s ‘Make in India’ mission has achieved some success in boosting mobile manufacturing and assembling in the country. The number of handsets manufactured in India nearly doubled in FY16 from the previous year, said Ravi Shankar Prasad, Information Tech…
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Mexico is top destination for India’s automobile exports; growth over 110%
Mexico has emerged as the top destination for India’s automobile exports making a compelling case for the Indian engineering exporters to push for further push in the growing South American markets, according to EEPC India. The EEPC India which would be organising India Pavilion at Expo National…
Investors to choose startups for funding in reality show
A clutch of investors, including Omaxe CEO Mohit Goel, Inditrade Capital’s Sudip Bandopadhyay and People Group Founder & CEO Anupam Mittal, will select startups in a reality show for seed funding in range of Rs 30 lakh to Rs 1 crore. Metropolis Healthcare MD & CEO Ameera Shah, iProspect I…
Roadshow in London to attract FDI in food processing sector
India is organizing a three-day road show in UK beginning on September 5 to attract foreign direct investment in the food processing sector. The government recently allowed 100 per cent FDI in multi-brand retail for food products produced and processed in India. Food Processing Industries Ministe…
Teachers’ Day Special: Edtech startups, a 67,500 crore industry
Edtech startups in India have changed the face of learning in the country. These emerging startups have restyled the mode of education preferences among students. With the combination of availability of the smartphones and internet at a minimum price, these startups are allowing people to access …
Voonik acquires styling & personalisation app Dekkoh
Voonik, India’s leading personalization – focused fashion marketplace, announced the acquisition of Dekkoh. Voonik has been expanding rapidly and has brought newer businesses into its fold with a vision of offering its customers the best online fashion experience. Over the last few months, …
Karnataka Start-Up Council stands to improve ease of doing business
The Karnataka Start-up Council has stressed the need to improve ease of doing business for start-ups and ensuring availability of manpower, said an official statement on Sunday. “The Council has suggested that the state government departments should commission pilot projects by start-ups and faci…
GST jolt likely for textile industry, may be taxed at higher 12% rate
India’s textile industry is not only several centuries old, but has also been one of the largest contributors to the country’s exports (around 11%) and provided employment to millions. Indirect taxes, being transaction-based, play an important role in the growth of any industry. The government ha…
TPP to have serious implications for pharma industry: Study
The mega trade deal TPP, which includes the US and 11 other countries, is likely to have “serious implications” on the growth of domestic pharma industry, particularly the generic market, a study said. According to the report ‘Indian Pharmaceutical Industry: Challenges and Prosp…
Paradip to be developed as a hub for MSMEs
The Shipping Ministry on September 2 said that it is planning to develop Paradip as a world class, global competitive and smart industrial port city. The rationale behind developing Paradip as a smart city is that it already has a major port and strong mineral resource presence in the region, the…