Traditional hand weavers and textile printers, engaged in churning out a wealth of fabrics ranging from khadi to chanderi to kalamkari among others that take the shape of saris, dupattas and other garments, are now mulling marketing themselves as standalone brands. At Kairi 2016, 3-day exhibition…
Tag: SME
Central Govt to review ceiling limit for MSMEs
The proposal to revise ceiling limits for Micro, Small and Medium Enterprises (MSMEs) is already before the Standing Committee of the Lok Sabha, said Giriraj Singh, Minister of State for Micro, Small and Medium Enterprises. He was speaking at an interaction meet held on March 11. Singh was respon…
Govt relaxes norms under public procurement for startup MSMEs
Government relaxed procurement norms related to experience and turnover for micro, small and medium startups with a view to enabling these ventures to be part of its public procurement. From April 2015, all PSUs, central government ministries and departments have been directed to procure at least…
Omaxe’s CEO Mohit Goel forays into e-commerce with supplified.com
Realty firm Omaxe’s promoter and CEO Mohit Goel has started an e-commerce portal, Supplified.com, in his personal capacity to market construction materials and will invest USD 1 million as seed funding. Supplified.com, founded by Goel along with SPR Buildtech Director Nalin Saluja, started …
Rs 500 crore NSDC soft loans to 157 training partners: Govt
The National Skill Development Corporation (NSDC) has disbursed soft loans worth nearly Rs 500 crore to as many as 157 training partners during the last three years, Parliament was informed today. While Rs 236.76 crore was given in 2013-14, Rs 135.78 crore and Rs 122.57 crore was given in 2014-15…
Premium dining startup Big Fish raises Rs 75 crore in second round of funding
Big Fish Ventures, a New Delhi-based startup that runs premium dining lounges such as Vault Cafe and GaramDharam, has raised Rs 75 crore in its second round of funding from angel investors – including high net worth individuals – and Founder Umang Tewari. Founded in 2015, Big Fish Ven…
Zonnett looking for series A funding
Zonnett, a car maintenance platform, plans to raise about $5-10 million in Series A funding from venture capitalists and private equity funds, in exchange for a minority stake. The company, which at present operates only in Mumbai, will use the funds for expanding to other cities and for technolo…
Haryana Govt will sponsor 3 student teams’ start-up ideas
During the Happening Haryana Global summit which was held on 7th and 8th March, Haryana CM Manohar Lal Khattar and Industry and Commerce Minister Captain Abhimanyu Singh selected three teams of students after a competition that selected the best ideas for a start-up. The Haryana government has de…
Rs.43.56 crores earmarked for Coir Board, to enable exports worth more than Rs.1500 Crores
Coir Industry is an agro-based traditional industry, which originated in the state of Kerala and proliferated to the other coconut producing states like Tamil Nadu, Karnataka, Andhra Pradesh, Odisha, West Bengal, Maharashtra, Assam, Tripura, etc. It is an export oriented industry and has greater …
Online UAM registrations by MSMEs nearing 3.5 Lakh
Udyog Aadhar, launched by Micro, Small and Medium Enterprises Minister in September 2015 has evoked overwhelming response. Close to 3.5 lakh MSMEs have registered so far. The online registration of small and medium business in the country will help them get benefits provided by government to MSM…