Ecommerce can play a pivotal role in fostering growth and raising living standards, particularly for developing countries, the World Trade Organization (WTO) has said. “By reducing the trade costs associated with physical distance, ecommerce allows businesses to access the global marketplac…
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MSMEs should upgrade technologies: Experts
Shedding light on the challenges faced by the capital goods industry many experts spoke about its adverse effects leading to loss of employment, investment and growth opportunities and the need for SMEs and MSMEs to upgrade their technologies at a meet on July 4th. In the light of emerging challe…
Cabinet approves Rs 10,000 crore scheme to train 50 lakh apprentices by 2020
The Union Cabinet on July 7, 2016 approved the National Apprenticeship Promotion Scheme having an outlay of Rs 10,000 crore with a target to train 50 lakh apprentices by 2019-20. The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi here. The scheme would be implemen…
Copper-Titanium alloy to be made first time in India by a Pune startup
Under the aegis of the DRDO-FICCI Accelerated Technology Assessment & Commercialization (ATAC) initiative DRDO concluded a technology-transfer process for its indigenously developed Copper-Titanium technology to Pahwa Metal Tech Private Limited (PMTPL), a Pune-based startup founded by industr…
T-Hub, aeries technology ink MoU for ‘fault-tolerant server’ for startups
India’s largest incubator T-Hub signed an MoU with Aeries Technology Group, a global services company offering technology, BPM and outsourcing solutions, for “fault-tolerant server” and software technology for start-ups to host and test their applications. According to a stateme…
Sri Lanka’s venture engine event attracts global investors
The annual Venture Engine event in Colombo, Sri Lanka that started as a small, local event to fund and encourage early stage companies has scaled up significantly and now attracts global investors. The 16th edition of the event held last week in Colombo attracted about 20 investors from India, US…
Kalraj Mishra unveils world’s largest ‘Charkha’ at IGI Airport
New Delhi, July 5: World’s largest Charkha (spinning wheels) was unveiled today by Kalraj Mishra, Union Minister for MSME at the Terminal 3 of IGI Airport Delhi. The idea behind displaying the world’s biggest charkha at the country’s “busiest airport” is to highlight India’s quest to foster an eg…
Women entrepreneurs can play greater role in defence production: FLO President
Women entrepreneurs and corporate houses can play a greater role in India’s defence production, the Ficci Ladies Organisation (FLO) said here on July 4. “FLO welcomes recent steps taken by the government to promote participation of private sector in indigenous defence productions and …
DIPP to organise startup festival in Hyderabad in September
The Commerce and Industry Ministry will organise a ‘Startup Fest’ in Hyderabad in September, with a view to showcase innovation and provide a collaboration platform. The Department of Industrial Policy and Promotion (DIPP) has requested Prime Minister Narendra Modi to inaugurate the p…
Moglix joins SAP startup studio as it continues path towards disrupting B2B commerce
Aims to serve manufacturing companies with cumulative turnover of more than $30B, which is 10% of the Indian manufacturing sector, in the coming 2 years. Moglix, a leading e-commerce company specializing in B2B procurement of industrial products, has announced its entry into “SAP Startup Studio”,…