The merchandise exports from the country have registered an increase of 1.27 percent in Dollar terms (6.72 percent in Rupee terms) in June 2016 compared to the same month of the previous year. The details of key efforts made by Government for increasing exports are as follows: i) The New Foreign …
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Women entrepreneurs hold key to achieve double-digit growth rate | Amitabh Kant CEO, Niti Aayog
Amitabh Kant, CEO, Niti Aayog, exhorted women entrepreneurs to exploit their immense innovative power and raise their contribution to India’s GDP. Worldwide, women contribute to 40% to GDP while in India their contribution is 17%. “If women’s share in India’s GDP rises to …
Govt issues guidelines on SC/ST Hub to encourage entrepreneurs
Government issued guidelines related to setting up of the National Scheduled Caste and Scheduled Tribe Hub to provide professional support to entrepreneurs coming from such communities. “The scheme is proposed to be applicable from the date of sanction till March 31, 2020. Total project cos…
DBS Bank eyes Indian SME sector
Singapore-based DBS Bank hopes to increase its SME customer base by 30-40% in the current year with its new prodcut offerings. “In FY16, we have had a good growth in the SME segment including addition of a number of new clients availing our SME solutions. We grew our lending books by about …
Australia to share expertise in various fields with Haryana
Australia has agreed to share its expertise with Haryana in the field of agriculture, horticulture, dairy sector, infrastructure, smart cities and sports particularly in prevention and treatment of sports injuries. Australian High Commissioner to India, Harinder Sidhu, who called on Chief Ministe…
Pharma sector receives Rs 4,975-cr FDI in FY16: Govt
The drugs and pharmaceuticals sector has received Foreign Direct Investment (FDI) of Rs 4,975 crore in 2015-16, parliament was informed. “In the year 2014-15, FDI equity inflow of Rs 9,052 crore and in the year 2015-16, inflow of Rs 4,975 crore have been received in the drugs and pharmaceu…
DIPP to coordinate Amazon’s training programme launchpad for entrepreneurs
Ecommerce major Amazon will provide its “Launchpad” services to startups and train them in marketing products as part of government’s plan to bring its expertise to Indian startups. The Department of Industrial Policy and Promotion (DIPP) will act as a coordinator and help organ…
FICCI plans industrial park for women entrepreneurs
According to Devika Ramesh, Chairperson of FLO Coimbatore chapter, land has been earmarked at industrial estates in Telangana, Gujarat, and Karnataka. In Assam, Haryana, Meghalaya, Punjab, Uttar Pradesh and West Bengal, the State Governments have agreed in principle to create industrial parks for…
Tamil Nadu should arrest decline in IT investments: Assocham
The Tamil Nadu government should arrest the decline in investments in the information technology (IT) sector in the state, industry body Assocham said on July 25. “The state government needs to arrest the continuous decline in the share of IT sector in investments attracted by Tamil Nadu by…
Coir Board to build coir wood houses
In an effort to recycle coir waste, Coir Board is looking at eco-friendly shelters that will replace tents for security guards and defence personnel in high altitudes. The Coir Research Centre in Bengaluru has developed a model house made out of coir wood and it was displayed at the coir fair her…