NITI Aayog is preparing a 15-year vision and a seven-year strategy document, and has circulated a three-year action agenda. The goal of transforming India and attaining the desired level of economic and social outcomes will require higher and sustainable growth in coming years. Higher economic gr…
Tag: NITI Aayog
MSME careers: How to unshackle small enterprise growth in India
The micro, small and medium enterprises (MSME) employ more than 80 million people in India and contribute to around 40% of total exports and 37% of total GDP. Yet it is not easy for most of them to thrive owing to lack of funds, obsolete technology and poor production capacity. It is, therefore, …
Prime Minister to inaugurate Textiles India 2017
The Ministry of Textiles presented a curtain raiser to ‘Textiles India 2017’ – positioned as the first ever global B2B Textile and handicrafts event in India, at the Crafts Museum in the national capital April 18. The event was hosted by the Ministry of Textiles, Government of India, under the le…
Why the newly tweaked Rs 10k cr start-up fund will be a game changer for Indian entrepreneurship
The Indian startup story began over a decade and half back with the likes of Naukri.com. MakeMytrip, Shaadi, Baazee being “backed” by venture capital (VC), a new type of financing product. VC did not take collateral like debt financing did, instead it bought equity in very young but h…
Govt considers reality show for startups, looks at Shark Tank
The Department of Industrial Policy and Promotion (DIPP) has given in-principle approval for a government-run reality show on the lines of the popular American TV programme Shark Tank, to promote startup culture in the country. The programme, to be simultaneously broadcast on Doordarshan, a priva…
Venture Catalysts joins hands with TiECON 2017 as the investment partner for ‘The Pitch Room’
Giving wings to the entrepreneurial vision of innovators and business leaders of the future, Venture Catalysts, Indian seed investment and innovation platform, has tied up with the upcoming TiECON 2017 as its investment partner. Under the association, angel investors from VCats will participate i…
12 start-ups raised $12.75 mn in pitch@Rashtrapati Bhavan event, a FOIN initiative
“In India, we have a large ecosystem of 4,500 startups – the third largest in the world. Even then, it is not easy to start a new venture in India. Access to funding and mentorship remains a hurdle. In key parameters such as ease of doing business and R&D investment, there is scope for much […
Government plans first start-up district with incubators
NEW DELHI: India will soon have its first start-up district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of innovative solutions in agriculture, health and education. Commerce & Industry Minister Nirmala Sitharaman, who is a Rajya Sabha MP …
2 Bengaluru incubators among 6 chosen for NITI Aayog funding
Bengaluru: Two incubators from India’s Silicon Valley are among the six chosen by the NITI Aayog’s Atal Innovation Mission for scale-up support funding. The scheme aims to upgrade established incubation centres to world-class standards. The NS Raghavan Centre for Entrepreneurial Learning at the I…
North East Investors’ Summit is an attempt to promote the rich textiles of NER: Smriti Irani
The Union Textiles Minister Smriti Zubin Irani inaugurated the 1st North East Investors’ Summit, organized jointly by the Ministry of Textiles and the Ministry of DoNER, at the State Convention Centre, in Shillong on January 29th & 30th 2017. In her inaugural address, the Textiles Minister sa…