Calcutta: Vedanta Resources Plc, the world’s sixth largest diversified mineral resource conglomerate, will launch a Rs 5,000-crore venture capital fund for mineral-based manufacturing start-ups in India. Vedanta will partner top policy making body Niti Ayog and consulting firm Accentur…
Tag: NITI Ayog
Less noise, more action: What Indian start-ups really want from govt
After three years of PM Narendra Modi’s government in power, there have been a series of media report cards on what went right or wrong. There has been extreme criticism and some praise as well. In terms of what it has done for start-ups, it is a mixed bag. When I spoke to entrepreneurs bef…
Nirmala Sitharaman offers Rs 1.18 cr from MP fund to Mangaluru start-up incubator
Union Minister of State for Commerce and Industry Nirmala Sitharaman announced here on June 16 she will contribute Rs1.18 crore from her Member of Parliament Local Area Development fund, to a start-up incubation centre to be set up in Mangaluru. The Dakshina Kannada district administration and th…
SMBs & start-ups would be responsible for much larger share of “corporate functions”
The 20th century was the era of the large corporations. It can be argued that the growth of the market economies of the West, and in recent decades the Asian Tigers and China, was closely correlated with, if not driven by, the growth of their business houses. Conglomerates such as General Electri…
Entrepreneurs turned investors grow the Indian start-up ecosystem
India is today the third largest startup ecosystem in the world, behind the United States of America and Israel. A young and educated population, strong support from the government, a large and Internet-connected consumer base and presence of venture capital investors have led to the creation of …
We must focus on research, innovation in technology: Narendra Modi
Prime Minister Narendra Modi on July 31 said that the country needs to focus on research and innovation in the field of technology to fulfill former President APJ Abdul Kalam’s dream. “We can only fulfill Kalam’s dream if the next generation work towards developing technology t…
New medical device rules to be notified at the earliest
New Delhi, 12 July 2016: The Prime Minister’s Office (PMO) convened a meeting on promoting Make in India in the Medical devices sector in India on Monday. Office bearers of the top industry associations in medical device industry including FICCI, Association of Indian Medical Device Manufacturers…
India can make world’s best warships | Navy Chief RK Dhowan
Indian Navy Chief Admiral RK Dhowan on April 18 called for increased private investment in defence manufacturing which, he said, is capable of producing the world’s best warships and submarines. “The navy has outlined its science and technology roadmap for next 15 years and has shared…