Delhi to host US government funded Nexus platform for start-ups
The Dollar Business Bureau The start-up hub Nexus, an American Government-funded platform to enable and encourage start-ups in India, has chosen New Delhi to host its activities as the country’s capital has ‘all the right components’ required for such type of initiatives, said Erik Azulay, Director, Nexus. “Delhi has all the right components, you have the entrepreneurs, the funders, the government, the capital and other complementary factors. We saw an ecosystem here which was needed for starting this initiative,” Azulay told PTI. Azulay, who moved to New Delhi from Austin (Texas) to establish and run the centre, said that New Delhi is the pilot and now the vision is to enhance the presence to other parts of the country and South Asia. “We did look at ...
China to set up pilot cities for modern logistics
Source: PTI China which has 688 million internet users will set up several pilot cities to develop modern logistics as part of urban reforms to boost the fast developing e-commerce. Against the backdrop of “Internet Plus” national plan, urban cities should play a key role in developing modern logistics, which could help support industrial upgrading, according to the National Development and Reform Commission (NDRC), which did not elaborate on details. The “Internet Plus” action plan was unveiled by the State Council in July to mould information technology and traditional sectors into a cohesive, efficient force, and help cultivate new engines for economic growth and upgrade economic structure. The plan identified areas that can benefit from Internet Plus, including logistics, services and e-commerce. ...
