IIT Madras incubated firm bags $18 mn investment
The Dollar Business Bureau IIT Madras’s incubated water technology company InnoNano Research (INR), has bagged an investment of $18 million from US based NanoHoldings (NH). Encouraged with this investment, the Indian start-up may soon expand its presence in the international market. Using nano technology, INR provides clean drinking water, free from arsenic and fluoride to rural areas affected by heavy metals. This technology was already implemented in more than 700 villages across Punjab, West Bengal and Karnataka. The company plans to cover over 1,500 villages by 2017. “The presence of arsenic and iron in drinking water affects the health of rural people. We are using latest water technology to remove the contaminants at affordable cost,” said H Anshup, Co-Founder and Managing Director of ...
Industry body proposes freight villages to reduce logistics cost for traders
The Dollar Business Bureau An industry body has sent a proposal to the government for the setting up of freight villages that will help traders to reduce logistics costs by providing an umbrella of services. “Freight villages are logistics concentration points, which are developed at strategic locations to provide various logistics-related activities such as warehousing, packing, re-packing, break-bulk centre, and truck parking, said ASSOCHAM (The Associated Chambers of Commerce of India), which has submitted a proposal to Transport and Shipping Minister Nitin Gadkari. The concept of freight village is based on the European model of clustering related logistics activities, the ASSOCHAM said. In Europe, freight villages are usually operated under public-private partnership mode. According to the proposal, an area closer to a merging point ...
