GST to boost MSME competitiveness & help industry contribute $280 b to GDP by 2026: Study Industry is estimated to contribute $280 billion to India’s GDP by 2026 as a positive fall-out of the Goods and Services Tax, says a joint report titled ‘Emerging Mantras for Bankers-Borro…
Tag: R&D
Indio-Israel combination is potent for start-ups: NASSCOM
Global consulting and technology company Accenture and Indian IT trade body Nasscom say that greater collaboration between Indian and Israeli startups can lead to an investment of $25 billion in the two country’s start-up ecosystem and create 25 products with revenue of $1 billion each by 2…
Reality check: Forget Digital India, 73% MSMEs still use printed directories in age of internet
The industry in the district lags behind in terms of adopting latest technology and marketing tools. A study of MSMEs in the district conducted by the Chamber of Commercial and Industrial Undertakings (CICU) has found that only 27 per cent of the units have their websites and just 9 per cent of t…
Good news for start-ups: India to get 100 more incubators
The Indian government will invest Rs 200 crore to set up 100 more incubators across the country to support start-ups in innovations, a top official said on April 6. “As we want to double the number of incubators over the next four years, we will spend Rs 200 crore on setting up 100 more incubator…
Back Indian textile industry to double productivity by 2030
Textile sector once upon a time was one of the key industrial sectors in India, currently contributing 5 percent to India’s GDP and 14 percent to overall index of Industrial production. According to a study conducted by Wazir Advisors and PCI Xylenes & Polyester, the sector has potential to g…
Post-demonetisation, budget to offer tax cuts for SMEs
With the impact of demonetisation on the Small & Medium Enterprises (SMEs), Finance Minister is likely to provide tax cuts to boost the SMEs businesses that have faced the hardships in the past few months. This year budget would likely be announced on Feb 01, 2017 and the government has time …
बजट2017 उम्मीदें: तिरुपुर टेक्सटाइल इंडस्ट्री ने इन्फ्रास्ट्रक्चर सुविधाएँ, अनुसंधान एवं विकास और इन्क्यूबेशन सेंटर बनाने की मांग की
भारत के “निटवेयर कैपिटल” (Knitwear Capital) तिरुपुर ने टेक्सटाईल सेक्टर की एमएसएमई के विकास के लिए आगामी बजट में विश्व स्तरीय इन्फ्रास्ट्रक्चर सुविधाएँ, अनुसंधान एवं विकास (आर एण्ड डी) सेंटर और इन्क्यूबेशन सेंटर की मांग की है। फिलहाल तिरुपुर और अन्य क्लस्टर बुनियादी शैली के कपड़ों पर ही केंद्रित …
Ericsson keen to mentor start-ups in India
Global ICT firm Ericsson said it is willing to extend helping hand to mentor start-ups in India. “The start-up economy in India is booming. In the next couple of years, it will be huge,” Ericsson India Global Services Managing Director Amitabh Ray told PTI on the sidelines of Infocom …
Indian entrepreneurs’ focus on short-term gains turns them into laggards
Only 26,164 patents were granted in India between 2010 and 2014, compared to a staggering 1,275,787 patents in the US, according to the World Intellectual Property Organisation (WIPO). In 2012, 15.5% start-ups in the Silicon Valley had an Indian founder and this number is growing. This highlights…
Schneider to open training centres in 500 districts in India
French company Schneider Electric will open training centres in 500 districts across the country and help set up a Centre of Excellence focused on power, solar and automation sectors. The alliance between Ministry of Skill Development & Entrepreneurship and Ministry of Education, France, to i…