India expects $56 billion FDI in electronics sector

In a bid to meet increasing demand, India is expecting investments worth $56 billion in the electronics sector by 2020. The country has permitted 100 percent foreign direct investment (FDI) in the electronics sector. “We must have an electronics output of $400 billion a year by 2020 to meet…

Deskera launches technology enabler program for SMEs and youth

Deskera, an Enterprise Resource Planning (ERP) software, will now allow SMEs to get loans approved quickly and without hassle from banks- by helping financial institutions tap into the real-time financial data of businesses. With the help of Deskera ERP, any enterprise can quickly apply for a loa…

2000 textile companies to participate in Textile Expo in June

German trade fair organisers Messe Frankfurt Trade Fairs’ Indian arm has announced their upcoming Heimtextil India 2016 trade fair to be held from June 22-24 at Pragati Maidan exhibition grounds in the national capital. “Over 200 fashion-foremost companies from India, Bangladesh, Bulg…

LG Plans to invest US$100 mn in Maharashtra

Mumbai, May 24: As a part of their expansion plans, Global leader LG chemicals are planning to expand their Indian operations with investments of US$100 mn in Maharastra. Subhash Desai, Minister of Industries, Government of Maharashtra inaugurated the eighth edition of the G-Fair 2016 exhibition …

Advanced farming market CAGR to be 13.4% in next 5 years

Bengaluru, May 24: Infoholic Research LLP, a global ICT and Electronics market research and consulting organization, has published a study titled “Worldwide Advanced Farming:Market Drivers, Opportunities, Trends and Forecasts, 2016-2022” (May 2016). Infoholic Research forecasts that a…

Industry forum ASSOCHAM calls Modi govt progressive

Describing the two-year tenure of the Prime Minister,Narendra Modi’s Government as ‘work in progress,’ apex industry body ASSOCHAM 23 May said that country’s big macroeconomic picture has certainly been steadied while some bold moves have been made in the roads and highways, railways and en…

Single tax across India will promote local manufacture | MAIT

The Manufacturers’ Association for Information Technology (MAIT) has suggested that the government should have proper taxation system within the country to promote local manufacture. MAIT, India’s premier ICT hardware industry association, unveiled their report “Policy Interventions f…

Tamil Nadu IT retailers join to create impact in business

Kovalam, May 9: The new team of Confederation of IT association, the Tamil Nadu based IT retailers association, has concluded their summit here with the new team headed by Balasubramanian assumed charge. The event was organized at a private resort among 500 odd IT retailers and system integrators…

Cost of Microcredit will decline soon | PSN Murthy, AGM, MUDRA

Mumbai, May 9: “The Past models of microfinance companies were all brick and mortar based on branches and self-help groups. The future could be disruptive with past success being no guarantee of future survival. Interest rate (for microcredit) is expected to fall to 15% in the next five years fro…