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MSMEs to provide ignition for new India: Prabhu

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New Delhi, June 22 : Commerce and Industry Minister Suresh Prabhu on Friday said Micro, Small and Medium Enterprises (MSME) can provide the ignition required for a new India as this sector helps in fair distribution of wealth across the country.

“The Prime Minister made a profound statement that without participation, development and regeneration of small and medium startups, we cannot succeed ignition of new India,” Prabhu said after inaugurating the fifth India International MSME Start Up Expo at Pragati Maidan here.

“One of the fundamental and cardinal principles of the small and medium enterprises is that they take wealth to different corners of the country. They earn money and in process help wealth distribution of that unlike large industries.”

Apart from the young entrepreneurs, dignitaries at the inauguration of the three-day event included Uttar Pradesh Industrial Development Minister Satish Mahana, Union Minister for Development of North Eastern Region Jitendra Singh, Ambassador of Thailand Chutintorn Gongsakdi, Ambassador of Azerbaijan Ashraf Shilhalvyev, Ambassador of Uzbekistan Farhood Arziev and Japanese Minister Counsellor Kenko Sone.

There are 12 crore MSMEs that directly and indirectly engage more than 60 crore people of the country.

The agenda of the exposition is to promote entrepreneurship and self-employment to generate maximum job opportunities. The event will also provide one stop global platform to connect, network, partner and share information with domestic and international SMEs to find new business opportunities in either country.

The event will witness more than 20,000 visitors, 250 exhibitors, 100 B2G and B2B meetings, 50 embassies and global participants, 30 banks and investors, 15 PSUs and government departments and 10 concurrent summits.

IANS

 

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‘Biscuit King’ Rajan Pillai’s brother to support 25 new start-ups

The company has called upon potential entrepreneurs and start-ups to register on their website.

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Rajan Pillai

Thiruvananthapuram, Dec 19 : Rajmohan Pillai, brother of late ‘Biscuit King’ Rajan Pillai, on Saturday announced that his business group will support 25 new start-up companies in the country.

The support ranges right from validating one’s ideas to help create an incubator route that could finally culminate in attracting investment and success.

The Beta Group said it will support and sustain 25 new start-up/entrepreneur companies and help them reach their potential in association with Beta Group in the next 25 years.

Rajan Pillai was a pioneering entrepreneur from a small village in Kollam in Kerala who rose to become the chairman of the largest food company in southeast Asia with the vision of making Britannia one of the largest food companies in the world, before his life was cut short at the young age of 48 at the peak of his career.

Beta Group has promoted more than 60 start-ups over the years including in the co-working space, IT and sports.

“We are doing this to mark the birthday of our visionary leader Rajan Pillai. We are indebted to take his vision forward and that is why we want to make 25 global brands to celebrate his life,” said Mahesh Nair, entrusted with the job of making this new programme a success.

The company has called upon potential entrepreneurs and start-ups to register on their website.

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Samsung India turns 25, unveils major digital initiatives

Samsung is also planning new initiatives in manufacturing in the country, helping the country develop as an electronics manufacturing and exports hub.

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Samsung CEO D.J. Koh

Gurugram: As it completes 25 years in India, Samsung on Tuesday unveiled a new vision titled #PoweringDigitalIndia for the country that will be driven by an exciting new citizenship programme aimed at students, a refreshed local research and development strategy with special focus on the local startup community and new initiatives in manufacturing.

Samsung’s journey in India dates back to 1995. Since then, the South Korean giant has grown to become the country’s largest mobile phone and consumer electronics company with over 70,000 employees and revenues in excess of $10 billion.

It today has two manufacturing facilities (including the world’s biggest factory in Noida), five R&D centres and one design centre and 2 lakh retail outlets across the nation.

“At 25, Samsung India is as young and vibrant as New India. Our new vision #PoweringDigitalIndia sets the course for India’s future growth, in which Samsung will continue to be its strongest partner,” Ken Kang, President and CEO, Samsung Southwest Asia, said in a statement.

The company’s R&D centres will continue to work on advanced R&D areas such as 5G, AI, IoT as well as on cloud services and embrace end-to-end thinking to take projects from research to development to the commercialisation stage.

In addition to this, they will expand Open Innovation with startups, students and universities to help strengthen the innovation and startup ecosystem in the country and also augment their in-house innovation capabilities, the company said.

As part of its ‘Powering Digital India’ vision, Samsung will launch a new youth-centric citizenship programme which will involve engineering students and academia from across the country.

The details of the programme will be unveiled soon, the company said.

In India, “Samsung is committed to bridge the digital divide through multiple initiatives in manufacturing, R&D, creation of jobs and entrepreneurship, responsible citizenship and transformational innovations,” Kang noted.

Samsung is also planning new initiatives in manufacturing in the country, helping the country develop as an electronics manufacturing and exports hub.

To mark the occasion, Samsung India has launched a logo for the new vision.

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Ratan Tata-backed Repos Energy registers 150 startups

Founded in 2017, Repos Energy startup is based out of Pune in Maharashtra and has been funded by Chairman Emeritus of Tata Sons, Ratan Tata. Currently, it operates in over 150 cities of India.

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Ratan Tata

New Delhi, Sep 6 : Pune-based energy distribution company Repos Energy has registered over 150 fuel startups in less than a month.

These startups would carry on door-to-door delivery of diesel through mobile petrol pumps.

“With the goal to reboot the economy and making India Atmanirbhar, Repos Energy has been working extensively to create a startup ecosystem of its own in the energy sector,” a company statement said.

As per the co-founders Chetan Walunj and Aditi Bhosale Walunj empowering startups through the dynamic model of doorstep diesel delivery through mobile petrol pumps will change the game of fuel distribution in India.

“According to industry experts, this move is expected to garner around Rs 9,000 crore of investment,” the statement said.

Repos Energy will call them ‘fuel startups’, and will provide them with the entire support system. Repos will provide these new startups with end-to-end solutions for buying the mobile petrol pumps along with sharing the know-how.

“These fuel startups will be registered with us and featured on our app. We will also provide them with the necessary infrastructure. This will include a back-end team to build their entire brand identity. We will make sure that they become successful startups,” Chetan Walunj said.

Aditi Bhosale Walunj said: “We have built an entire ecosystem of fuel distribution that consists of IoT and AI-driven Repos Mobile Petrol Pumps (RMPP). These RMPPs are being designed at our IoT facility in Chakan, Pune, and comply with PESO norms.”

Some of the fuel startups which have registered with Repos are, Easy Diesel from Pune, Nuvera Energy from Mumbai, Auro Fuels from Bengaluru, AMA Fuels from Kolkata, Echological Fuels from Guwahati, Future Fuel Services from Mirzapur in Uttar Pradesh.

Founded in 2017, Repos Energy startup is based out of Pune in Maharashtra and has been funded by Chairman Emeritus of Tata Sons, Ratan Tata. Currently, it operates in over 150 cities of India.

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