Business leaders and high-level policymakers will join forces for the first India-Commonwealth Small and Medium Enterprises (SME) trade summit. Three hundred Indian firms and more than 100 businesses from across the Commonwealth will be in one room in Delhi on the 30th and 31st May, 2017, to enha…
News
Make in India may help start-ups go forward robustly: Deloitte
Enormous innovation in FinTech space is taking place in India, says Andrew Vaz, Chief Innovation Officer, Deloitte Touche Tohmatsu Ltd. Here he shares Deloitte perspective of current innovations happening in the country: Q: Where does India’s innovation figure amongst global innovation? A: From a…
Google Launchpad picks 6 start-ups from India, shows love for AI
Google’s Launchpad accelerator on May 24 announced its fourth batch of start-ups. The latest class of Launchpad has 33 start-ups from across Asia, Africa, Europe, and Latin America, including six from India. These companies will work closely with Google for six months. They get equity-free suppor…
India’s SME hub won’t be a metro city much longer
According to the Confederation of Indian Industry (CII), the MSME sector is the backbone of India’s national economic structure, constantly strengthening the Indian economy in the face of global economic meltdowns and adversities. Comprised of more than 51.1 million units throughout the country, …
GST impact on economy: Five things to watch out for
While the lower Goods and Services Tax (GST) rates may lead to a decline in inflation, economic growth may not improve significantly in the short term even though it will benefit both India Inc and the government in the medium term, experts say. Most economists forecast inflation to come down as …
GST rates: Concern over impact on exports of textiles & jewellery
New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
Khadi for Fashion: KVIC & Aditya Birla Fashion join hands to promote hand-woven fabric
Adding a new strength to Khadi India’s fashion power-house, Aditya Birla Fashion and Retail Ltd. and Khadi and Village Industries Commission, Ministry of MSME, Government of India have announced a strategic collaboration to strengthen the synergies between the two iconic Indian brands. This initi…
Walmart India to help SME partners become GST-ready
As a new tax structure, Goods and Services Tax (GST), is about to be rolled out in the country, Walmart India has flagged off a series of workshops for SME supplier partners to help them evaluate their GST compliance levels and prepare for the transition. The move by Walmart is to minimise disrup…
Special package soon for knitwear industry, says Irani
The government will soon announce a special package for the knitwear industry, Textiles Minister Smriti Irani said on May 22. Incidentally, the employment-intensive and export-oriented knitwear industry is among the sectors hurt by demonetisation and rupee appreciation. Irani had recently visited…
Kerala Startup Mission plans angel fund of Rs 30 cr for state-specific start-ups
Thiruvananthapuram: Ahead of the release of the Kerala IT and Startup policy, which is expected to be finalized in two weeks, Kerala Start up Mission (KSUM) plans to create an angel fund for state-specific startups with a total corpus of Rs 30 crore. “The state IT and startup policy is expe…