Insights

Govt Unveils Scheme To Empower Startups, MSMEs In Mining Innovation

Opportunity India Desk Nov 15, 2023 - 3 min read

The Ministry of Mines on Wednesday announced plans to financially support research and innovation initiatives in startups and micro, small, and medium enterprises (MSMEs) operating in the mining, mineral processing, metallurgy, and recycling sector. The initiative, named Science and Technology Program for Research and Innovation in Startups and MSMEs (S&T-PRISM), is designed for ...

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Country’s First MSME Economy Monitor Index Based On GST Sales Data Launched

Opportunity India Desk Nov 15, 2023 - 2 min read

The Small Industries Development Bank of India (SIDBI), in collaboration with Jocata, a financial advisory and technology firm, introduced an MSME Economic Activity Index called ‘Sumpoorn’. The index, based on consent-led and anonymized monthly sales data from over 50,000 MSMEs seeking credit, will utilize official GSTN returns from October 2019 to the present, ...

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Yulu Aims At Growth, Appoints Anuj Tewari As Co-Founder

Opportunity India Desk Nov 15, 2023 - 2 min read

Leveraging its CFO Anuj Tewari’s skills and experience for the growth of the company, Yulu, a micro-mobility company has appointed him as a Co-Founder. He will join the existing three-member founding team Amit Gupta, CEO; Naveen Dachuri, CTO and RK Misra, President Ecosystem Partnerships. As CFO, Tewari is said to be ...

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Jindal Mobilitric To Launch Three E2W by December, To Set Up Plant in Ahmedabad

Opportunity India Desk Nov 15, 2023 - 3 min read

Jindal Mobilitric, a subsidiary of Jindal Worldwide, a leading textile manufacturing company is all set to foray into the electric vehicle sector with the launch of three E2W by December this year, the company said. Earth Energy was founded by Rushii Senghani, Now CTO, Jindal Mobilitric, and first came out in the news ...

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India Int’l Trade Fair Begins; Products From 3,500 Exhibitors On Display

Opportunity India Desk Nov 14, 2023 - 3 min read

The 42nd edition of the India International Trade Fair (IITF) commenced today at Pragati Maidan, featuring a diverse range of products from 3,500 exhibitors hailing from India and countries such as UAE, Iran, and Thailand. The event, themed 'Vasudhaiva Kutumbakam - United by Trade,' spans 14 days and is set to be a ...

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PHD Chamber Calls For Flexible MSME Policy Considering Diverse State Requirements

Opportunity India Desk Nov 14, 2023 - 3 min read

The PHD Chamber of Commerce and Industry has called upon the government to reconsider the proposed national MSME policy to accommodate the distinct requirements of MSMEs across various states and regions. Highlighting the existence of diverse state-specific policies supporting MSMEs, the report recommended the integration of both national and state-level MSME structures to ...

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Servotech Power Systems Enters EV Charging Operator Business, To Set Up 5,000 Chargers

Opportunity India Desk Nov 14, 2023 - 3 min read

Servotech Power system has forayed into electric vehicle (EV) charging business. The company which was providing EV chargers to various oil marketing companies and EV charging station providers so far has now decided to start its own business of EV charging. It has set up a wholly owned subsidiary called Servotech EV Infra which will act ...

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GAME, FISME Unite To Address Growth Concerns of MSMEs

Opportunity India Desk Nov 09, 2023 - 2 min read

The Global Alliance for Mass Entrepreneurship (GAME) and the Federation of Indian Micro and Small & Medium Enterprises (FISME), have joined forces to address delayed payment issues, enhance the ease of doing business, conduct joint research projects, and offer arbitration and grievance redressal advisory for MSMEs. The partnership aims to publish reports, conduct research, formulate ...

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VinFast Willing To Collaborate With Charging Partners In India: Le Thi Thu Thuy

Opportunity India Desk Nov 09, 2023 - 10 min read

India has witnessed a significant growth in the electric mobility sector over the past few years with many top automobile brands launching their products and several new businesses coming to life in this ever evolving sector. The country is set to become one of the world’s major EV markets by 2030 which is ...

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Finayo Aims To Disburse INR 100 Crore For EV Financing In FY2024

Opportunity India Desk Nov 09, 2023 - 3 min read

Finayo, an AI-enabled electric vehicle financing startup has joined hands with its strategic lending partners including Mufin Green Finance, Choice Finserve for projects INR 100 crore funds disbursement in FY2024. According to Finayo, it has already disbursed INR 20 crore and is planning to drive penetration of EVs in India. With INR ...

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