Focus should be on PE/VC exits to generate returns Developing stronger and sustainable business plans will help startups in receiving private equity/venture capital (PE/VC) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.
Study warns of skill shortage in the sector Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 870,000 individuals by 2021, according to an industry study.
Divestment has been slower till date The Indian government is expected to raise Rs.465 billion through stake sales in public sector business of the Rs.725 billion target it has set in the current fiscal year, according to report by the Development Bank of Singapore (DBS)
Compulsory private and innovative financing for Metros. The Union Cabinet has approved on 16 August 2017 a new Metro Rail Policy for private investments and to enable realization of growing metro rail aspirations of a large number of cities. The policy opens a big window
Proceeds to part finance expansion of yard projects. Cochin Shipyard has raised Rs1,442 crores from the Initial Public Offer (IPO) which has been a combination of fresh issue and offer for sale in the ratio of 2:1.
GEF Trust Fund to help strengthen institutional capacity. India has signed a Global Environment Facility (GEF) Grant Agreement with the World Bank for US$24.64 million for “Ecosystems Service Improvement Project”.
Public Banks’ NPAs continue to increase. Banks in India were confident that the recent amendment to the Banking Regulation Act will help them with Non-Performing Assets (NPAs) resolutions, according to a survey.
Study calls for Rs.25,000 crore skill budget under. The Indian Government should take core elements of skill development from various ministries and pool them under single minister with a budget of about Rs.25,000 crore, an industry study has suggested.
Industry gets fundings and initiatives support. Manufacturing of heavy-duty defence hardware in India is gaining momentum with the government accelerate supporting initiatives.
India prepares to host international manufacturers India’s defence sector is set to require an ever-increasing number of specialised advanced educational and training programmes as the country moves towards a more self-reliant status for the production of defence products and services.