The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications” so that they can be considered for inclusion in the upcoming Budget papers, senior government officials told. The process started after a …
Tag: DIPP
Startup India, a work-in-progress: DIPP Secy
A year after the Startup India Action Plan was unveiled by the Prime Minister the Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek called it a “work-in-progress”. Recounting the initiatives taken by the DIPP to provide structure to the developing startup …
Govt working on ways to let companies start business in 4 days flat
Aiming to break into top 50 best countries to do business in, the government has identified areas requiring doing away with complex rules and simplifying procedures to enable businesses to start in four days flat. With India ranked poorly at 130th among 190 nations on the World Bank’s Ease …
Pan-IIT Alumni India to set up Rs 1k cr fund for start-up ecosystem
Pan-IIT Alumni India, the alumni body of the Indian Institutes of Technology, is working on setting up a Rs.1,000 crore venture capital fund to focus on social impact enterprises and the startup ecosystem. This will be the first such VC fund by the association. The group will raise the fund throu…
e-Commerce cos grow revenues, but losses skyrocket
Even without the curbs imposed on them, e-retailers don’t seem to have made too much money in FY16. While for some companies, the losses doubled, for others, it trebled, indicating many of them are simply buying revenues. In other words, they are driving sales by offering customers big discounts …
Fin Min set to boost start-up operations in India
The Make-in-India initiative was launched to encourage national as well as multinational companies to manufacture in India. It was not only expected to create job opportunities and develop entrepreneur skills, but also entice capital and technology to the country. However, to make the project suc…
DIPP to meet top executives from Chinese cos
New Delhi: The Department of Industrial Policy and Promotion (DIPP) is organising an informal roundtable meeting on December 2nd with top executives of Chinese companies that are operating in India with an aim to understand and address their concerns related to ease of doing business in the count…
PPP model can boost manufacturing sector, says DIPP
For India to increase the contribution of manufacturing sector in the economy, the country will have to seriously look at adoption of a robust public-private partnership (PPP) model. “Time has come for adopting this model for manufacturing now. Think of possibilities it can create and explore how…
Amitabh Kant panel to identify digital payment modes
New Delhi: The government has set up a high-level committee to identify all possible modes of digital payment across sectors as it pushes on with its drive towards a cashless economy. The committee is headed by Amitabh Kant, the CEO of NITI Aayog, the government’s policy think tank. “…
5.3 lakh youth trained in textile sector in last 2 years: Govt
The government said it has trained over 5.3 lakh youth in textile trades over the past two years, particularly in garment segment. Of this, “more than 81 per cent of persons trained have been placed including 79 per cent of the trained women,” an achievement report prepared by the DIP…