Insights

Collector Urges SIDBI to Boost Nellore’s MSMEs with Financial Aid and Global Market Access

Opportunity India Desk Nov 09, 2024 - 2 min read

In an effort to drive growth and innovation in Nellore’s MSME sector, District Collector O. Anand called on the Small Industries Development Bank of India (SIDBI) to step up its support for local Micro, Small, and Medium Enterprises (MSMEs), which are struggling to reach their full potential in the district’s three MSME clusters. ...

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Honda to Launch Its First Electric Model in India on November 27

Opportunity India Desk Nov 09, 2024 - 2 min read

Leading two-wheeler manufacturer Honda Motorcycle & Scooter India is set to launch its first electric model in the country on November 27. With its stronghold in the internal combustion engine (ICE) scooter segment through models like Activa and Dio, it is expected that Honda’s first electric model will also be a scooter.

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Nashik to Get 29 New EV Charging Stations soon

Opportunity India Desk Nov 09, 2024 - 2 min read

The Nashik Municipal Corporation (NMC) has planned to set up 29 Electric Vehicle (EV) charging stations in the city starting in 2025. This initiative is aimed at promoting the use of electric vehicles in the city. NMC has already appointed a Delhi-based private company to establish these EV charging stations, and ...

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Andhra Pradesh Prepares for Business Expo 2024 to Boost MSMEs and Entrepreneurs

Opportunity India Desk Nov 08, 2024 - 2 min read

In a bold effort to reshape Andhra Pradesh's economic environment, Chief Minister N. Chandrababu Naidu has set a high goal: to nurture an entrepreneur in every household and attain a 15% annual growth rate, bridging the state's gap with leading economies throughout India. Kondapalli Srinivas, Minister for Micro, Small, and Medium Enterprises (MSME) ...

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Profectus Capital and IFC Join Forces to Boost EE in India MSME Sector

Opportunity India Desk Nov 08, 2024 - 2 min read

Profectus Capital, a non-banking financial company that supports MSMEs, secured $25 million (approximately ₹205 crore) through non-convertible debentures (NCDs) issued to the International Finance Corporation (IFC), a World Bank Group. This milestone represents IFC’s inaugural investment in financing energy-efficient (EE) machinery specifically for MSMEs in India. The fund obtained, dubbed green ...

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Boosting MSMEs: Tamil Nadu Allocates INR 5.94 Crore to Expand Global Market Access

Opportunity India Desk Nov 08, 2024 - 2 min read

T.M. Anbarasan, Minister for MSME and Rural Industries, recently opened a large international buyer-seller meeting, which highlighted Tamil Nadu's Micro, Small, and Medium Enterprises (MSME) sector. On Thursday, the district hosted an event that brought together 28 buyers from 14 countries, including Germany, Japan, the United States, Malaysia, and Egypt, as well as ...

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Affordable EVs and Global Expansion: Hero MotoCorp’s Bold Next Move

Opportunity India Desk Nov 08, 2024 - 4 min read

Hero MotoCorp, one of the world's top two-wheeler manufacturers, is making a determined move into the electric vehicle (EV) industry and increasing its global footprint. With ambitious intentions to introduce more affordable electric two-wheeler models under the VIDA brand and reach important European markets, the company is positioning itself as a major participant ...

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Scaling Tradition: How are organized brands bringing Men’s Ethnic Wear to the Forefront of Fashion

Beny Sachdeva Nov 07, 2024 - 3 min read

The big fat Indian weddings are renowned worldwide, and so is Indian ethnic wear for both men and women. Recently, men's occasion wear in India has transitioned from a niche segment to a significant trend in the fashion industry. With rising disposable incomes, evolving cultural preferences, and an increasing focus on personal style, Indian men ...

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Bajaj Finance Gets $400 Million Loan from IFC to Boost EV and Green Goods Financing

Opportunity India Desk Nov 07, 2024 - 4 min read

In a significant move to bolster India’s climate and financial inclusion efforts, the International Finance Corporation (IFC), part of the World Bank Group, has announced a strategic partnership with Bajaj Finance. IFC is financing $400 million as part of Bajaj Finance's $1 billion debt-raising strategy to grow its electric vehicle (EV) fleet, promote ...

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Sterling Signs Agreement with GLVAC YT for EV Component Plant

Opportunity India Desk Nov 07, 2024 - 4 min read

In a dynamic move that promises to drive forward India’s electric vehicle (EV) industry, Sterling Tools, through its wholly owned subsidiary Sterling Tech-Mobility, has forged a strategic partnership with GLVAC Yuantong New Energy Technology Co. (GLVAC YT), a Chinese leader in EV component manufacturing. This agreement marks a significant step forward in the ...

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