Over Rs 843 crore have been invested by private equity firms, angel funds, start-ups, venture capitalists and others after Mamta Banerjee’s government came to power in West Bengal, said the state Finance and Industry Minister Dr Amit Mitra at an ASSOCHAM-IACC event held in Kolkata. “We have cross…
Tag: ASSOCHAM
Modi government plans venture fund to promote startups in northeast
In a first-of-its-kind initiative, the Center is planning to have a venture fund to promote startups in Northeastern states of the country. Addressing a conference organised by industry lobby ASSOCHAM, Minister of State for Development of North Eastern Region (DoNER) Jitendra Singh said, India is…
Whopping 193 per cent MSMEs growth in Gujarat
Gujarat clocks whopping 193 percent growth in MSMEs pushing it up to second slot. The state’s share of MSMEs in the country goes up to 16% with over 3.62 lakh entrepreneurs in 2013-14. Tamil Nadu however continues to top the list with 32% share according to a recently published study by apex indu…
Fruit processing has huge scope in Tripura : Manik Sarkar
Landlocked Tripura has considerable potential in terms of developing its fruit processing industry since the agro-climatic condition is favorable for horticulture. Manik Sarkar, Tripura Chief Minister said. Addressing a day-long conference on linking prospective food entrepreneurs with government…
Packaged food offers big opportunity | D.S Rawat, Secretary General, ASSOCHAM
Country’s packaged food business has grown manifold, and it is estimated to grow to USD 50 billion by 2017 from USD 32 billion at present, a survey said on Sunday. “There has been a major shift in food habits in metropolitan cities. About 79 percent of households prefer to have instan…
Innovative SMEs merit better institutional funding | CRISIL
A joint study by CRISIL and ASSOCHAM of 12,000 CRISIL rated micro enterprises, having a turnover of less than Rs 1 crore each, has found that access to institutional finance remains the biggest hurdle to growth for this segment. With access to institutional finance for meeting working capital nee…
Chennai floods | MSMEs filing insurance claims
The Chennai floods not only claimed more than 300 hundred lives across the state but has also sunk the businesses worth thousands of crores of rupees in the city, as per the economists. Losses of the MSMEs located in industrial estates could be around 1,800 crore. Chennai is well known for its IT…