Indicating the severity of global economic environment, engineering exports to as many as 19 out of India’s top 25 destinations have seen a sharp dip, with Malaysia alone recording a plunge of about 90 per cent. (A major portion of India’s engineering exports is on account of products…
Tag: SME
Odisha govt plans to set up 38,000 MSME units | Naveen Patnaik
Announcing plans to set up 38,000 MSME units providing about one lakh jobs in Odisha, Chief Minister Naveen Patnaik on March 6 said industrialisation must be participatory and it should ensure inclusive growth of all sections of the society. “It is proposed to take up new initiatives for gr…
Govt to boost MSME sector in northeast for job creation
Considering the potential of Micro, Small and Medium Enterprises (MSME) in the northeast region, the government is gearing up to generate employments in the sector. Inaugurating a conclave on the implementation of MSME scheme in Nagaland recently, Union Minister for MSME Kalraj Mishra announced a…
Official Start-Up web portal to be launched
Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said on March 5. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek sai…
SEBI to soon announce measures for Start-ups
After getting an extension of one year, UK Sinha, Chairman of the Securities & Exchange Board of India (SEBI), is ready to unleash a number of announcements for start-ups. Though the board meeting, which is scheduled next week, will take decisions on tax incentives for alternative investment …
Nanobi analytics helps clients make informed decisions
A Bengaluru-based startup is helping businesses, both small and big, to understand raw data to make informed decisions for as low as Rs 2,000 a month. It offers analytics ‘apps’ on a Google Play Store-like platform that clients can use as per their requirements. The idea struck Mahesh…
Budget evokes mixed response from MIA
The Union Budget has evoked mixed reactions from the Mysore Industries Association (MIA). It has said that the budget provided measures for the overall economic development of the nation, but had nothing in specific for the Micro, Small and Medium Enterprises (MSME) sector. Vishwanath, MIA Presid…
Manufacturing sector to be next focus area for startups
In the line with the dominance of services sector that contributes about 53% to the gross domestic production of India, startups in this space outnumber their counterparts in manufacturing segment. But startup mentors feel that the time has come for their convergence. Girish Gupta, Chief Executiv…
MebelKart bets big on modular kitchen category
Modular kitchen segment at MebelKart is seeing a growth of 75% Month on Month India’s highly preferred furniture marketplace MebelKart has announced that it is extremely optimistic about the modular kitchen category that it launched in November 2015. The company is witnessing a month-on-month gro…
Start-up SBricks.com plans to expand its footprint in the south
SBricks.com, a tech-based start-up that offers on-demand services such as home cleaning, laundry and repairs, is planning to expand its footprint in Hyderabad, before expanding to other major cities in the South next year. The firm has opened three walk-in store services in three locations (aroun…