Tag: ASSOCHAM

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…

Govt, Oppn must join hands for GST breakthrough: Assocham

Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said. “At this point, when macroeconomic risks like rebound in inflation and…

Industry forum ASSOCHAM calls Modi govt progressive

Describing the two-year tenure of the Prime Minister,Narendra Modi’s Government as ‘work in progress,’ apex industry body ASSOCHAM 23 May said that country’s big macroeconomic picture has certainly been steadied while some bold moves have been made in the roads and highways, railways and en…

Wow Express raises Rs 15 crore in a pre-series round

E-commerce Logistics Start-up Wow Express, has raised Rs 15 crore in a pre-series A round of funding led by US-based investors. Existing investor Tamarind Family Private Trust also participated in this round. Co-founded by Jayesh Kamat, Mazhar Faruqi and Sandeep Padoshi, Wow Express started opera…

RBI taking steps to improve credit to MSMEs | Dy. Governor Mundra

The Reserve Bank of India is taking a number of steps to ensure timely credit availability as also improving cash flow to the Micro, Small and Medium Enterprises (MSMEs), which stand as the beacon of hope in an otherwise difficult economic environment. Addressing the Bankers’- Borrowers int…

Nepal to establish SEZs to facilitate trade and investment

Buoyed by success of some of India’s Special Economic Zones, Nepal has drawn up ambitious plans for SEZs and Industrial estates along Indo-Nepal border offering Indian industries opportunity to set up units there. “Investing within SEZ has multiple benefits that include flexible and investment fr…

Kerala records growth in IEM proposals | ASSOCHAM

Kerala has emerged as the only State to record a positive growth in terms of receiving Industrial Entrepreneurs’ Memorandum (IEM) proposals during 2012-14, according to an Assocham study. The growth was about 315 per cent during the period compared to 2009-11, while the figure had seen a decline …

ASSOCHAM wish-list to step-up Credit Flow to MSMEs

India’s apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM) wish-list to banks to improve credit flow to MSMEs: Managers of specialized MSME bank branches should be given more powers and flexibility. The specialized MSME branch should focus only on MSMEs. RBI shoul…