India can save up to USD 50 billion if logistics costs are brought down from 14 percent to nine percent of country’s gross domestic product (GDP) thereby making domestic goods more competitive in global markets, an ASSOCHAM-Resurgent India joint study said today. “With expected inflow of new investments owing to government’s thrust on promoting domestic […]
The Small Industries Development Bank of India (SIDBI) has sanctioned Rs Rs 1,416 crore crore to 30 venture funds through the government-financed India Aspiration Fund, which seeks to support startups in their early stages. Earlier this month, SIDBI signed a memorandum of understanding with Life Insurance Corporation of India under which the government-owned company would contribute […]
The Startup India portal http://startupindia.gov.in, and mobile app have been launched by Secretary, DIPP, Mr. Ramesh Abhishek in New Delhi today. The “Startup India” initiative was launched by the Prime Minister of India, Shri Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi. As part of the event, a Startup India Action Plan […]
After Bengaluru, taxi-hailing app Uber today launched a pilot of its bikesharing product “uberMOTO” in Gurgaon. “Uber today announced a pilot of Uber’s bikesharing product – uberMOTO in Gurgaon… This follows our agreement with the government of Haryana to introduce technology based ride-sharing services in the state,” it said in a statement. The company has […]
The third budget of Mr. Jaitely under the BJP led government has great offerings for the Startup world. Start-up India, Stand-Up India’ plan is most visible campaign of Prime Minister Narendra Modi’s Government which will boost jobs and investments in India. The campaign promotes & encourage entrepreneurs to start new firms that are not inspired […]
New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The […]
MUMBAI: The week-long Make in India event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. Besides, it received investment enquiries worth Rs 1.5 lakh crore. “The multi-sectoral Make in India Week has been a great success. We’ve managed to get investment commitments […]
NEW DELHI: Mobile phones manufacturing in India may reach 500 million units in coming two years on the back of the good base of talent and an incentive policy, a top Department of Telecom (DoT) official said today. This year, India produced 100 million phones as compared to 45 million last year. “The number of […]
Japanese department store chain Kintetsu announced on Monday that it will introduce China’s online payment solution Alipay in four of its department stores in Osaka so as to attract more Chinese tourists. According to Kintetsu, it would be the first department store chain in Japan to use Alipay, though the well-known Chinese online payment solution […]
“ Government in the Budget next month will announce a friendly tax regime that will encourage setting up of startups in the country ” Government in the Budget next month will announce a friendly tax regime that will encourage setting up of startups in the country, Finance Minister Arun Jaitley said today. “We have already […]
SHIMLA- Himachal Pradesh will soon be the first state in India to introduce inter-state zero-emission electric buses. The Central government sanctioned Rs 35 crore for the project and the process of tender has started. We will receive funds to introduce environment friendly electric bus service. Charging stations will be set up at bus stands soon,said […]
NEW DELHI: Appreciating Prime Minister Narendra Modi’s Start Up India initiative, Infosys co-founder Narayana Murthy today said it will encourage entrepreneurship and generate jobs. “At the end of the day… it is about the power of entrepreneurship, how it can create lots of jobs and how there is a need to encourage our youngsters to create […]