News

Michelin India & DPIIT announces the winners of the 'Michelin AI Challenge'  Michelin, the world leader in tyre technology, announced the winners of the Michelin AI Challenge, the first AI challenge in the sector. Launched in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), and Startup India, the initiative aims to foster innovation and entrepreneurship in the Indian AI startup ecosystem while exposing them to global best practices. The award ceremony undertaken at IIT Delhi, was honored by the presence of our special gu...
Michelin India & DPIIT announces the winners of the 'Michelin AI Challenge'
Michelin India & DPIIT announces the winners of the 'Michelin AI Challenge'
Source: PR Agency
2024-10-22 02:08:27 pm
FDI in India increased over 100 pc in last 10 years  India has attracted $667.4 billion in Foreign Direct Investment (FDI) from 2014 to 2024, registering an increase of 119 per cent over the preceding decade (2004-14), according to government data.  This investment has come across India and 57 sectors of the country and played an important role in the development of various industries. In the last ten years, many important steps have been taken by the government to attract FDI into the country. At present, except for strateg...
FDI in India increased over 100 pc in last 10 years
FDI in India increased over 100 pc in last 10 years
Source: IANS
2024-09-27 02:08:53 pm
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal Union Commerce Minister Piyush Goyal on Monday launched the Bharat Startup Knowledge Access Registry (BHASKAR) initiative, saying the platform will help bring hope, aspirations and success for the entrepreneurs to kickstart ambitious revolutions in the country.  Launched under the ‘Startup India’ programme in the national capital, BHASKAR -- meaning ‘Rising Sun’ -- has been aptly chosen to be the name of the digital platform. Minister Goyal emphasised to mak...
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Make `BHASKAR` one-stop digital platform for Indian startups: Piyush Goyal
Source: IANS
2024-09-17 09:03:58 am
Centre to launch `BHASKAR` digital platform to boost startup ecosystem  The government on Sunday announced to launch a ground-breaking digital platform aimed at strengthening the startup ecosystem in the country.  The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch the ‘Bharat Startup Knowledge Access Registry’ (BHASKAR) initiative, under the Startup India programme. It is a platform designed to centralise, streamline, and enhance collaboration among key stakeholders...
Centre to launch `BHASKAR` digital platform to boost startup ecosystem
Centre to launch `BHASKAR` digital platform to boost startup ecosystem
Source: IANS
2024-09-16 08:52:48 am
Maharashtra tops in attracting highest FDI worth Rs 70,795 cr in Q1FY25  Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.  According to the Department for Promotion of Industry and Internal Trade (DPIIT), Maharashtra continues to maintain a number one slot among other states as it has received the FDI of Rs 70,795 crore in the first quarter of April to June 2024-25. The neighbouring Karnataka ranked second by attracting investment worth Rs 19,059 cror...
Maharashtra tops in attracting highest FDI worth Rs 70,795 cr in Q1FY25
Maharashtra tops in attracting highest FDI worth Rs 70,795 cr in Q1FY25
Source: IANS
2024-09-06 12:27:41 pm
Indian startup ecosystem saw $113 million funding this week Riding on the momentum amid resilient economic growth, the Indian startup ecosystem saw funding worth $113 million this week in nearly 22 deals.  Dairy and grocery startup Country Delight secured $8.45 million in debt funding from Alteria Capital. In May this year, Country Delight had secured $9 million through a combination of debt and equity from Alteria Capital. Healthtech startup Visit Health raised more than $29.8 million in a mix of capital infusion from various investors. Ex...
Indian startup ecosystem saw $113 million funding this week
Indian startup ecosystem saw $113 million funding this week
Source: IANS
2024-08-10 03:24:24 pm
32 Indian startups raised record funding last week In a robust funding week, at least 32 Indian startups secured more than $341 million in funding.  The Indian startup ecosystem saw six growth-stage funding deals and 22 early-stage deals last week. Six startups raised more than $216 million, led by mobility startup Rapido which secured $120 million. Among other Indian startups that raised a substantial amount of funding, like fintech firms Navi and BharatPe, and sports tech company KheloMore. Among other startups that secured...
32 Indian startups raised record funding last week
32 Indian startups raised record funding last week
Source: IANS
2024-08-04 10:31:32 am
DST, DPIIT recommend funds for Sona Incubation Foundation to nurture startups  The Department of Science and Technology (DST) has recommended a grant of Rs 5 crore for the Sona Incubation Foundation (SIF) project, with a 20 per cent contribution by the Sona College of Technology, the SIF said on Sunday.    The Department for Promotion of Industry and Internal Trade (DPIIT) has also recommended Rs 2 crore as part of the ‘Startup India Seed Fund’ to the incubator. The SIF said in a statement that it will select startups across India and f...
DST, DPIIT recommend funds for Sona Incubation Foundation to nurture startups
DST, DPIIT recommend funds for Sona Incubation Foundation to nurture startups
Source: IANS
2024-07-21 02:03:30 pm
Support Indian artisans, nurture creativity via toys that inspire kids across globe: Minister Union Minister of State for Commerce and Industry and Electronics & Information Technology, Jitin Prasada on Wednesday encouraged the toy industry to support Indian artisans and nurture creativity and imagination via toys that inspire and educate children across the globe. Speaking at the '2nd Edition of Toy CEO Meet' organised by the Toy Association of India in association with the Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India, in New Delhi, ...
Support Indian artisans, nurture creativity via toys that inspire kids across globe: Minister
Support Indian artisans, nurture creativity via toys that inspire kids across globe: Minister
Source: IANS
2024-07-11 09:49:07 am
Centre fine-tunes Rs 5,367 crore worth industrial corridor projects for Andhra Pradesh The Centre has given final touches to two projects for the development of the Orvakal Industrial Area in Kurnool district and the Kopparthy Industrial Area in YSR Kadapa district of Andhra Pradesh with an investment of Rs 5,367 crores, the Commerce and Industry Ministry said on Thursday.  The projects being implemented under the National Industrial Corridor Development Corporation (NICDC) aim to create advanced infrastructure to attract industries and they are strategically located ne...
Centre fine-tunes Rs 5,367 crore worth industrial corridor projects for Andhra Pradesh
Centre fine-tunes Rs 5,367 crore worth industrial corridor projects for Andhra Pradesh
Source: IANS
2024-06-28 09:37:01 am
India`s toy exports expand to more than 100 countries The Indian toy industry has expanded its global presence to more than 100 countries including the US, the UK, Germany, the Netherlands, Denmark and even China and the next step for the toy manufacturers is to reach international consumers through the effective use of online mediums, a senior official of the Department for Promotion of Industry and Internal Trade (DPIIT) said here on Monday. In line with the objective of providing an impetus to the growing Indian toy sector, DPIIT organised...
India`s toy exports expand to more than 100 countries
India`s toy exports expand to more than 100 countries
Source: IANS
2024-06-12 05:40:40 pm
ONDC seeing variety of participation from small businesses across India: CEO T Koshy From farmer producer organisations to Kanjeevaram silk weavers to self-help groups like Kerala's Kudumbashree, the government-run Open Network for Digital Commerce (ONDC) is seeing a variety of participation from small businesses across India, said T Koshy, MD & CEO. Speaking to IANS, Koshy said that the idea of ONDC, an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce, was "conceptualised about three years ago whe...
ONDC seeing variety of participation from small businesses across India: CEO T Koshy
ONDC seeing variety of participation from small businesses across India: CEO T Koshy
Source: IANS
2024-06-10 01:55:58 pm
FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that India has recently relaxed foreign direct investment (FDI) norms in the space sector and there is a possibility of further FDI liberalisation in certain other areas when the new government will come to power. He said that in the last few years, India has liberalised FDI policy in many segments. India has one of the most liberal FDI policies in the world and in fact more liberal than m...
FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary
FDI norms in certain sectors likely to be eased under new government: DPIIT Secretary
Source: Accord Fintech
2024-05-21 01:46:44 pm
Cornerstone Ventures to invest $200 million in emerging B2B enterprise tech firms Leading venture capital firm Cornerstone Ventures on Wednesday announced a $200 million fund for emerging B2B enterprise tech opportunities across software platforms and marketplaces. With its second fund, Mumbai-based Cornerstone Ventures said in a statement that it will invest ticket sizes ranging from $5 million to $15 million, in early-growth stage and scaled startups. The Fund-I was launched in mid-2019 with a size of approximately $50 million. “Our second fund builds on t...
Cornerstone Ventures to invest $200 million in emerging B2B enterprise tech firms
Cornerstone Ventures to invest $200 million in emerging B2B enterprise tech firms
Source: IANS
2024-04-10 09:50:45 am
Government working in mission mode to develop robust quality ecosystem in India The Government of India has been working in mission mode to develop a robust quality ecosystem in India, the hallmark being the accent on superior and safety compliant products to take the economy to higher echelons of growth and development. As part of this endeavor, Quality Control Orders (QCOs) are being rapidly introduced by the Department for Promotion of Industry and Internal Trade (DPIIT) for critical products impacting consumer safety like Electrical Accessories, Laboratory Glassware,...
Government working in mission mode to develop robust quality ecosystem in India
Government working in mission mode to develop robust quality ecosystem in India
Source: Accord Fintech
2024-01-30 10:58:35 am
Piyush Goyal asks BIS to raise standards of goods to international level Commerce and Industry Ministry Piyush Goyal on Saturday urged the Bureau of Indian Standards (BIS) to make the country’s standards compatible to international standards wherever possible like in case of lifts, air filters or medical items. “This can be achieved through an increase in stakeholder consultations and by involving industry representatives,” the minister said while addressing the 77th Foundation Day function of BIS. BIS and the Department for Promotion of In...
Piyush Goyal asks BIS to raise standards of goods to international level
Piyush Goyal asks BIS to raise standards of goods to international level
Source: IANS
2024-01-06 05:50:13 pm
Aspirational Young India to spur future growth of India: Commerce Minister Union Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has said that aspirational Young India will spur the future growth of India. During 'DPIIT-CII National Conference on Ease of Doing Business', the minister said that the foundational economic reforms undertaken by the Government has ensured that India moved from fragile 5 to top 5 economies in the last 5 years.  The Minister further lauded the industry for supp...
Aspirational Young India to spur future growth of India: Commerce Minister
Aspirational Young India to spur future growth of India: Commerce Minister
Source: Accord Fintech
2023-11-10 02:21:45 pm
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said the figure that India's logistics cost is 13 per cent of Gross Domestic Product (GDP) is probably not correct and as per initial indications, it would not exceed 10 per cent. Singh said they are in the process of conducting a fresh study, along with NCAER, to calculate India's logistics cost.?The government is working on a framework to assess the logistics cost in the country and is ex...
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary
India`s logistics cost to not exceed 10% of GDP: DPIIT`s Secretary
Source: Accord Fintech
2023-09-22 10:24:25am