FTAPCCI plans to set up incubation centres in Telangana, AP
Sharath Chowdary The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry has applied to NITI (National Institution for Transforming India) Aayog to establish start-up incubation centres in Andhra Pradesh and Telangana. Among the 15 verticals suggested by the Niti Aayog, FTAPCCI has chosen the areas of agriculture and allied activities for AP, and manufacturing and engineering for Telangana. The incubation facility in Telangana will be set up in Hyderabad, while the facility in AP may be started either in Vijayawada or Visakhapatnam, the industry body President Ravindra Modi told The Dollar Business Bureau. “The incubation centres will be set up based on the conditions and guidelines framed by the Niti Aayog. The facility should have a minimum 10,000 sq ft area ...
SMEs should adopt e-commerce route to tap growth opportunities
Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...
Hiring in e-commerce to grow 60-65% in 3 years
A majority of e-commerce businesses have increased their turnover since last year and present a good opportunity for the industry to develop further, says an ASSOCHAM study. The Dollar Business Bureau India's e-commerce market was worth about $3.8 billion in 2009, it went up to $17 billion in 2014 and to $23 billion in 2015 and is expected to touch whopping $38 billion mark by 2016 E-commerce industry is likely to generate 2.5 lakh jobs in online retail this year with the hiring in the sector likely to grow at 60-65%, says a report by the Associated Chamber of Commerce and Industry (ASSOCHAM). According to the industry body, around 2.5 million staff will be required to work within the e-commerce sector by 2016 ...
