Tag: Commerce and Industry

Govt planning to overhaul Rs 10k cr start-up fund

The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…

MSME sector key to boosting exports: Nirmala Sitharaman

The government is looking towards small and medium enterprises (SMEs) for revival of exports, Commerce and Industry Minister Nirmala Sitharaman told in an interview. Asked whether she was worried about the dip in exports, Sitharaman said it was no longer a cause for worry. She said that the goal …