Thursday, December 19

Tag: startup india

India continues to be 3rd in Startup Ecosystem, adds over 1100 start-ups in 2019
6Nov By Press Trust of IndiaNo Comments
INDIA

India continues to be 3rd in Startup Ecosystem, adds over 1100 start-ups in 2019

Adding over 1,100 start-ups in 2019, India continues to reinforce its position as the third largest start-up ecosystem across the world, taking the total number of tech start-ups to 8900-9300 in the last five years, NASSCOM said here on Tuesday. The IT industry body also said that Indian startup ecosystem is geared up for "10X" growth trajectory by 2025. "From 2014-2025 the 10 year period that we will see, the Indian startup ecosystem is geared up for 10X growth trajectory over these ten yerars, which is pretty phenomenal. We are expecting by 2025 the total number of unicorns to go up anywhere between 95-105 in India," National Association of Software and Services Companies President Debjani Ghosh said. Speaking to reporters here, she said NASSCOM expected the cumulative valuat...
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5 Points You Must Know on What PM Modi Said About Startups
7Jun By Gauri SinghNo Comments
News

5 Points You Must Know on What PM Modi Said About Startups

On Wednesday, our honourable Prime Minister Narendra Modi had a live conversation with the startups across the country who have benefited from the Startup India Policy as well as with student innovators who are a part of Atal Innovation Mission’s Tinkering Labs. With the aim to promote young entrepreneurs in the country, the prime minister focused his conversation all over the growth and funding of the beginners in the field of business. During the interaction, Modi showed his appreciation by clapping impulsively at some of the comments and ideas of the entrepreneurs, and even when some of the government’s schemes were highly praised by the participants. In this regard, he said a few important things about startups that are worth nothing.   Startup India Highlights: What PM had...
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Netherlands to Set up a “Startup Link” in Partnership with Startup India
22May By Lavina TolaniNo Comments
INDIA

Netherlands to Set up a “Startup Link” in Partnership with Startup India

As Netherlands Prime Minister Mark Rutte is heading to Bengaluru on 25th May, Netherland government is looking forward to deepening the innovation system between the two countries. The initiative called as "Startup Link" will be launched in collaboration of Government of India’s Startup India programme which will focus on helping Dutch startup explore Indian market. Netherlands business trade delegation accompanying the Prime Minister will be visiting Indian cities like Delhi and Mumbai promote technology and Innovations at all levels universities to SMEs and Corporates. The visit will focus on strengthening bilateral trade relationships in areas such as life sciences, healthcare, waste management, cybersecurity. Meanwhile, Netherland has also expanded its Bengaluru, South India offi...
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How Vizag City Will Become Capital of Blockchain
7Mar By Sheldan RungasamyNo Comments
Tech

How Vizag City Will Become Capital of Blockchain

Recently India’s Prime Minister Narendra Modi was surprisingly full of praise towards blockchain’s development potential and was critical about the need for “rapid adaptation” to this technology. While Governments are usually skeptical about Cryptocurrency, the transparency that blockchain technology offers will surely be beneficial in India which is a victim of 69% bribery rate and was ranked most corrupted nation in Asia in 2017. Loan frauds systematically reach $2 billion every year, resulting in usual increase in interest rates on business loans by up to 20%. According to investopedia, "A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in c...
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India Means Business: Modi Tells Global CEOs
23Jan By Press Trust of IndiaNo Comments
INDIA

India Means Business: Modi Tells Global CEOs

Prime Minister Narendra Modi today told top CEOs here that India means business and presents exciting opportunity for the global businesses. Addressing a roundtable before a dinner meet, Modi narrated Indias growth story. He was accompanied by top government officials including Vijay Gokhale, Jai Shankar and Ramesh Abhishek. Under the tagline of "India means business", the roundtable was attended by 40 CEOs of global companies and 20 from India. After the meeting, MEA spokesperson Raveesh Kumar tweeted about Modi narrating Indias growth story and presenting exciting opportunities for global business in India at Davos. The spokesperson also tweeted that the prime minister "hosted a roundtable meeting with CEOs of top global companies". Modi, who arrived in Davos on Monday ...
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UP Govt Launch Incubation Centre in Greater Noida
22Jan By AnkitaNo Comments
INDIA

UP Govt Launch Incubation Centre in Greater Noida

UP Govt Union culture minister Mahesh Sharma has inaugurated an incubation centre at a business school in Greater Noida. "Such initiatives are making the youth empowered to give back to the society than being in the queue," Sharma said, while inaugurating the incubation centre at Birla Institute of Management Technology (BIMTECH) last night. BIMTECH was selected as Atal Incubation Centre, a Government of India's endeavour to promote culture of innovation and entrepreneurship, driven by Niti Aayog.During the event, the union minister called for going back to the society to leave a rich legacy behind. Under the programme, applications will be accepted for three different stages and the applicant would be provided financial support in the form of a grant-in-aid for a maximum of five ...
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Indian Government Will Bear Merchant Charges On Debit Cards To Promote Digital Transactions
17Dec By PriyankaNo Comments
INDIA

Indian Government Will Bear Merchant Charges On Debit Cards To Promote Digital Transactions

Indian government is trying to encourage small shopkeepers to accept electronic payments, by bearing the merchant charges, that one needs to pay to the banks, on purchases of up to Rs 2,000 starting January 1, 2018. The subsidy will be provided to the small shop owners who now need to pay a fees to the banks for transactions through Debit cards, BHIM or Aadhaar. In India, where the average debit transaction value is just Rs 1,500, accepting debit cards for payments will become as cheap as accepting cards for small merchants. This news was announced by IT minister Ravi Shankar Prasad, saying that government is implementing measures to accelerate digital payments in the country. Also a committee of secretaries has been set-up to ensure that no misuse of subsidy occurs and that benefits...
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Govt Woos Investors To Tap India’s Agri Sector
4Nov By Press Trust of IndiaNo Comments
INDIA

Govt Woos Investors To Tap India’s Agri Sector

Agriculture Minister Radha Mohan Singh today called upon investors to leverage opportunities in the country's farm, dairy, poultry and fisheries sectors. The government is implementing various schemes to promote these sectors in order to double farmer's income by 2022, he said at the World Food India 2017 event here. "...the world is eager to study and adapt our growth strategy," he was quoted as saying in an official statement. He added that India has moved ahead from a country facing food shortages to becoming a food exporter. Addressed a conference on Fruits & Vegetables, Dairy, Poultry & Fisheries - Leveraging the Diverse India Opportunity at #WorldFoodIndia pic.twitter.com/DycJD2Jbpl — Radha Mohan Singh (@RadhamohanBJP) November 4, 2017 He said there are inve...
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Startup India Will Encourage Youths To Be Job Givers
28Oct By Press Trust of IndiaNo Comments
INDIA

Startup India Will Encourage Youths To Be Job Givers

The central government's Startup India scheme will give a new dimension to entrepreneurship in the country wherein youngsters will be encouraged to become job givers rather than job seekers, Jammu and Kashmir minister Priya Sethi has said. Speaking at the Central University of Jammu on Jammu Kashmir Future Talks yesterday, the state education and tourism minister said the initiative was a result of the Modi government's commitment to make India a developed country by 2022. "We need to give a right direction to our students and make them realise their dreams. Jammu and Kashmir is a vibrant state with multi-regional geographical and economic features, which itself is a boon and can be best utilised for giving young entrepreneurs opportunities to make their mark," she said. Addressing th...
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Indian Government Made No Provision to Allocate Funds to Startups Under Startup India Initiative
14Feb By AnkitaNo Comments
INDIA, News

Indian Government Made No Provision to Allocate Funds to Startups Under Startup India Initiative

The government has made no provision for its ambitious India Aspiration Fund, part of StartUp India initiative, for the next financial year and has reduced the allocation to Rs 100 crore from Rs 600 crore made earlier for the current fiscal. In order to provide support to startups through Fund of Fund operations, IAF, with a corpus of Rs 2,000 crore, was launched by Finance Minister Arun Jaitley in August 2015 to enhance the equity availability to MSMEs. LIC was also made partner and co-investor in the India Aspiration Fund managed by SIDBI. As per the Budget 2017-18 document, the government had made allocation of Rs 500 crore for 2015-16 when the fund was launched. In the following year, a provision of Rs 600 crore was made but reduced significantly to Rs 100 crore as per the ...
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DIPP to Hire Consultants to Push Startup India
29Sep By Press Trust of IndiaNo Comments
News

DIPP to Hire Consultants to Push Startup India

The commerce and industry ministry is looking to engage consultants to promote the government's Startup India campaign for budding entrepreneurs. The department of industrial policy and promotion (DIPP), under the ministry, has issued an advertisement for engaging a senior consultant and two consultants for the Startup India initiative. It has invited applications from eligible candidates for "engagement as senior consultant/consultant on contractual basis." It said the job responsibilities for the senior consultant include assessment of the existing startup ecosystem in the country, identifying the national and international best practices, making recommendations to facilitate growth of startups and monitoring implementation of action plans, schemes and programmes. Those of th...
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