Deskera, an Enterprise Resource Planning (ERP) software, will now allow SMEs to get loans approved quickly and without hassle from banks- by helping financial institutions tap into the real-time financial data of businesses. With the help of Deskera ERP, any enterprise can quickly apply for a loa…
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Telangana wants to be the next start-up hub
Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
KVGB plans to disburse Rs. 1,000 cr to MSME sector by December
Karnataka Vikas Grameena Bank (KVGB), a Regional Rural Bank sponsored by Syndicate Bank, plans to disburse Rs. 1,000 crore to Micro, Small and Medium Enterprises (MSME) sector by December. “The bank is already working on development initiatives for the benefit of MSMEs to fund 1,000 crore. We are…
Policy changes to bring more startups in medium industry
The government is considering policy changes to broaden and energise one of PM Narendra Modi’s pet initiatives, Startup India, to include a bigger number of startups under the ‘medium industry’ category that would be eligible for public procurement incentive and preferential ben…
Patent office issues guidelines for startups
Indian Patent Office has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trade marks aiming to encourage budding entrepreneurs and boost innovation. As per the guidelines, a startup willing to file a patent application…
Debt-free SMEs cash in on growth revival
For Rohan Sharma, business has never been better. Sales at his autoparts company in Gujarat are booming and the order book has almost doubled in the past year. His Bhagirath Coach & Metal Fabricators has just invested $120,000 in new machinery and plans to spend up to $1.2 million this year t…
Textiles Minister briefs the media about the initiatives and achievements of the Ministry during the past two years
The Union Textiles Minister Santosh Kumar Gangwar addressed a press conference on the initiatives and achievements of the Ministry during the past two years of the Government; in New Delhi, on 10th June, 2016. Here are some excerpts from his address:- The Minister apprised the media of the follow…
2000 textile companies to participate in Textile Expo in June
German trade fair organisers Messe Frankfurt Trade Fairs’ Indian arm has announced their upcoming Heimtextil India 2016 trade fair to be held from June 22-24 at Pragati Maidan exhibition grounds in the national capital. “Over 200 fashion-foremost companies from India, Bangladesh, Bulg…
RBI recognizes development of ports and logistical services inclusive to the growth of the economy
Mumbai, 09th June 2016: RBI in its recent monitory policy has clearly stated that increase in capacity of ports is integral to the growth of the economy. It also recognizes development of infrastructure, including ports, roads, and railways as a positive sign of economic revival in the past few y…
The revenue of India Electronic Security Market is projected to increase at a CAGR of 18% in the future
Foreign players such as Honeywell, Bosch, UTC, Axis Communications and others have expanded their base in the market over the period from FY’2010 to FY’2015. These foreign companies have further increased their number of channel partners over the period FY’2010-FY’2015. Owing to this, the revenue…