In his August 2014 speech, PM Modi envisioned the ‘zero effect and zero defect’ (ZED) model and said ZED would primarily look at “making our product which has ‘zero defect’ so that it does not come back (get rejected) from the world market and ‘zero effectR…
Tag: MSME
TPG Growth looks to invest in Indian consumer internet start-ups
TPG Growth, an early backer of ride-sharing app Uber and home rental service Airbnb, is looking to invest in Indian consumer Internet start-ups, a company executive said. The fund will also partner with venture capital funds to invest in these companies. “We are looking to partner with some of th…
CII Telangana & DRDL to hold a ‘Make in India’ meet
CII Telangana, in partnership with DRDL, are organising a two day conference on ‘Make in India: DRDL (DRDO) – CII Industry Meet on Opportunities and Challenges for SMEs in the Defence Sector at the DRDL campus, at DRDL Auditorium, Kanchanbag. The objective of the conference was to promote partner…
Thomas Cook India partners with Western Union to assist SMEs
Thomas Cook (India) has announced a collaboration with Western Union Business Solutions to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders. According to KPMG, SMEs have emerged as one of India’s largest growing sectors, with a significant G…
Fintechs are likely to disrupt the market by aggregating financial services for MSMEs
Financial technology companies have gain mileage over the last 5 years. Globally, the investment in online MSME finance market has grown by about 45% y-o-y and many billion dollars has been ploughed into startups in the online MSME finance market space in FY’2015 alone. With the influx of investm…
Engineering exports to 19 nations dip sharply | EEPC
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…
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 …