Search Result for : Entrepreneurship

The Dollar Business Bureau The bilateral trade between India and the United Arab Emirates (UAE) is likely to touch the $100 billion mark by 2020, from the present $60 billion, a press release of Confederation of Indian Industry (CII) said.  “This is evident from the rising interest of the Indian firms towards the markets of Middle East, especially the UAE and the steps taken by the Ministry of Commerce & Industry of India and CII to further boost trade and investment relations,” CII said in a statement.  Presently, the trade between the two nations is estimated at $60 billion, the statement read which was released on the sidelines of Middle East Electricity Exhibition in Dubai where around 50 major Indian companies are taking part.  The ...

The Dollar Business Bureau The North Eastern Development Finance Corporation Ltd. (NEDFi), in association with the Ministry of Development of North Eastern Region (M-DoNER) will set up the North East Venture Fund to encourage startups in the northeast region. This dedicated venture capital fund will have a total size of Rs.100 crore, which will be shared by M-DoNER (Rs 45 crore) and NEDFi (Rs 30 crore). The remaining Rs.25 crore would be obtained from other financial institutions. NEDFi has already established two wholly-owned subsidiary companies, i.e. NEDFi Trustee Ltd. and NEDFi Venture Capital Ltd. to operationalise the venture fund. The fund is expected to be floated by October this year after it is registered with SEBI. The fund will be focused on growth-stage investments, primarily in IT & ...

The Dollar Business Bureau Underlining that the government needs to do much more to encourage entrepreneurship in the country, Commerce and Industry Ministry Nirmala Sitharaman said her ministry will take up the issues highlighted by startups with the related ministries and regulators. On Thursday, 28 startups representing several industries met the commerce minister and raised various industry-related concerns related to compliance burden, regulators and taxation. "We were keen to know their views on how their start-up activities are going on, their expectations from the government and the difficulties they have. The difficulties may be related to various ministries... What is it that they want us to do further," Sitharaman told reporters. "However, a lot remains to be done. The ministry believes the way forward is ...

Govt is making sincere efforts to promote MSMEs through programmes like SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE), says G Sampath Kumar, General Manager, SIDBI Sai Nikesh D | The Dollar Business  P. Uday Kumar, Director (P&M), NSIC, N. K. Chari, Deputy Managing Director (COO), SBI, G Sampath Kumar, General Manager, Small Industries Development Bank of India(SIDBI), during GSW in Hyderabad on Tuesday   In line with government’s focus over small-scale enterprises and promoting start-ups, Global Start-up Workshop (GSW) is being held in Hyderabad between March 21-23, 2016. The event is being organized under the prime aegis of the Ministry of Micro Small and Medium Enterprises (MSMEs) with public sector units like National Small Industries Corporation ...

While NRB Bearings’ presence in the overseas market is already noteworthy, with clients like Mercedes, Bosch, Mazda and Honda, the company wants its bearings to be present in every vehicle in the world. Deepak Kumar | March 2016 Issue | The Dollar Business Harshbeena Sahney Zaveri, Managing Director & President, NRB Bearings Ltd. Harshbeena Sahney Zaveri entered NRB Bearings as a management trainee in 1986, when the company’s sales was just Rs.10 crore. In 2016, almost 30 years later, NRB Bearings has been conquering auto markets in India and across the world – brand by brand, and had an annual turnover of Rs.670 crore in FY2014-15. Some of its clients include Mercedes, Bosch, Honda, Audi and Mazda. Under her stint as the ...

After moving out from Hidesign, Jacqueline jumped into the unorganised retail market for accessories with Ayesha (a brand named after her daughter). Suppliers from China, Malaysia and Thailand and buyers in India – she's kept her import and sales strategies simple in the past many years. Neha Dewan | March 2016 Issue | The Dollar Business Jacqueline Kapur, Founder & CEO Ayesha Accessories (Also, Formerly Head Of Garments – Hidesign) “I am in the middle of a cooking session and a horse riding competition. I will get back to you soon,” says Jacqueline Kapur, Founder & CEO of Ayesha Accessories on the other end of the phone line and scurries off. A woman of many talents, Jacqueline ensures that entrepreneurship is not ...

The Ministry had recently launched a new scheme of ASPIRE to set up a network of technology and incubation centre to accelerate entrepreneurship and start ups for innovation Source: PTI An amount of Rs.6 crore to be provided by the Ministry to Nagaland for setting up of Khadi Plaza   The Ministry of Micro Small and Medium Enterprises (MSME) will help the state in its efforts towards encouraging entrepreneurship and enhancing competitiveness of the sector in the changed economic scenario, Union Minister Kalraj Mishra said on Friday. The minister who was inDimapur to inaugurate the North East Region conclave on MSMEs said the conclave would help in evaluating the performance of schemes as implemented by the Ministry as well as to interact with the ...

Source: PTI Indian Prime Minister Narendra Modi will make a series of “very important” announcements to promote start-ups in the country in December, said Minister of State for Finance Jayant Sinha in New Delhi on Saturday. In his Independence Day speech, Modi had announced a new campaign ‘Start-up India; Stand up India’ to promote bank financing for start ups and offer incentives to boost entrepreneurship and job creation in the country. “... in early to mid-December the Prime Minister is going to make a series of very important announcements on Startup India where we will bring together the work that we are doing and make some important announcements about how we are going to take forward India's entrepreneurial ecosystem,” Sinha said. ...