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There is a need to give added incentives to promote startups: Jitendra Singh

Aamir H Kaki  There is a need to give ‘added incentives’ in order to promote the environment of startups and entrepreneurship in the country, Jitendra Singh, Minister of State for the Ministry of Development of North Eastern Region (DONER) said on Thursday.  “The youth will be given incentives if they are starting an indigenous venture such as a startup in the field of traditional art forms,” he said after inaugurating the 4th India International MSME & Startup Expo in New Delhi.  “Our ministry has set up a venture fund for the northeast region, where if a person wants to start a business, the Ministry of DONER funds that initiative,” he said.  He suggested that similarly if a person from a State wants to start ...

Japan-India Coordination Forum to steam ahead with infrastructural projects in the North-East

The Dollar Business Bureau The first meeting of the Japan-India Coordination Forum (JICF) for Development of North-Eastern Region was held at Delhi. This is a part of the Indo-Japan strategy to contain China’s marauding moves in the region. The JICF is being set up to focus on connectivity, road development, especially inter-State roads and major district roads, disaster management, food processing, organic farming, and tourism. The Secretary, Ministry of Development of North-Eastern Region (DoNER), Naveen Verma led the Indian side while the Japanese delegation was led by the Japanese Ambassador to India, Kenji Hiramatsu. Senior Officers of the Ministry of Home Affairs, External Affairs, Department of Economic Affairs, and line Ministries of Government of India including Road Transport & Highways, Agriculture, Power ...

Global Bamboo Summit hopes big on NE

 The Dollar Business Bureau In line with the upcoming Global Bamboo Summit to be held in Indore next month, a high-level meeting was chaired by the Union Minister for Development of North Eastern Region (DoNER) on Friday. He called on the NE states for active participation. He urged the states to show their active presence in the Summit by sending their delegates, artisans and by setting up of stalls. “Start-ups should be encouraged in this area and the economic stakes need to be generated for the success of the summit. Such Bamboo summits should also be organized at a regional level even in states such as Mizoram. This will provide an identity to these states,” the Minister said. The Minister further ...

ISRO to build a satellite for SAARC region

Source: PIB, Government of India Indian Space Research Organisation (ISRO) is planning to provide space-based systems for South Asian Association for Regional Cooperation member nations. It is proposed to build a satellite for SAARC region with 12 Ku-band transponders and launch using Indian Geostationary Launch Vehicle GSLV Mk-II. A one-day conference on “Satellite for SAARC Region and Space Technology Applications” was organized by India in New Delhi on June 22, 2015 to appraise and discuss the proposal. Delegations from all the SAARC member nations have participated in the conference. The response of all the SAARC nations to the proposal has been encouraging. Pakistan while welcoming the initiative raised some queries on technical and operational aspects. Pakistan desired further discussions before ...

Canada to come up with trade ventures in North East

 Sai Nikesh | The Dollar Business The Canadian High Commissioner in India, Nadir Patel, on Monday, expressed the Government of Canada’s interest to work in collaboration with India in various areas of interest. The Ambassador accompanied by two NRI Canadian entrepreneurs Mukund Purohit and Vikram Khurana, called on the Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER) and discussed some possible joint ventures of mutual interest for both the economies. Appreciating India’s rapid development in space technology, the Canadian official also referred to the country’s reported plans towards development of capability for heavy and high throughput satellites. The Ambassador expressed the Canadian scientists’ eagerness to share technical know-how with the ...